Industry Background:
Chrome Oxide Green is also known as chromium (III) oxide. It is a very stable as well as durable compound most usually used as a pigment. It also permits some light safety to preserve the wine’s flavor. Green chrome oxide is used in the creation of refractory brick to line metallurgical and glass furnaces/kilns. Additionally, it is commonly used to add color, but it also has heat-resistant abilities that make it flawless for many industrial uses in paint, coatings, inks, ceramics, refractory and specialty glass development.This growth is primarily driven by Growing Residential and Commercial Building Activities
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Attributes | Details |
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Study Period | 2018-2028 |
Base Year | 2022 |
Forecast Period | 2023-2028 |
Volume Unit | N |
Value Unit | USD (Million) |
Customization Scope | Avail customization with purchase of this report. Add or modify country, region & or narrow down segments in the final scope subject to feasibility |
The Chemicals sector in the
region has been increasing at a sustainable rate and further growth is expected to be witnessed over the forecast period, owing to the robust investments and expansion in production facilities in the region. Major Vendors, such as BASF SE (Germany), Elementis (United Kingdom), Hunter Chemical (United States), Sun Chemical (United States), Hunstman (Venator) (United States), Lanxess (Germany), Harold Scholz (Germany), Hebei Chromate Chemical (China), Luoyang Zhengjie (China) and Jirong Chemical (New Zealand), etc have either set up their manufacturing facilities or are planning to start new provision in the dominated region in the upcoming years.
In 2018, Sun Chemicals, a global chemical provider has acquired Cathay Industries, located in Valparaiso, Indiana, the United States for high-purity iron oxides business.Key players are actively engaged in R&D programs and aim at the expansion of manufacturing units to expand their consumer base and increase their product portfolio. Some of the major companies in the market have adopted various organic growth strategies including product launches, mergers, partnerships, and collaborations to increase their market share and witness significant growth.
Regulatory Insights:
"According to Food and Drug Administration, Department Of Health And Human Services, United State, The color additive chromium oxide greens is principally chromic sesquioxide (Cr2O3), Chromium oxide greens are safe for use in coloring externally applied drugs, including those intended for use in the area of the eye, in amounts consistent with a good manufacturing practice. Specifications - The color additive chromium oxide greens shall conform to the following specifications and shall be free from impurities other than those named to the extent that such impurities may be avoided by good manufacturing practice: Chromium in 2% NaOH extract, not more than 0.075% as Cr2O3 (based on sample weight). Arsenic (as As), not more than 3 parts per million. Lead (as Pb), not more than 20 parts per million. Mercury (as Hg), not more than 1 part per million. Cr2O3, not less than 95%."
Influencing Trend:
Rising Adoption due to Use in Industrial Paints Including Military Vehicles and High Use in the Glass Products
Market Growth Drivers:
Growing Residential and Commercial Building Activities and Increasing Dependency Due to Use In Ceramic and Plastic Products
Challenges:
Stiff Competition in the Chromium Oxide Green Market
Restraints:
Risk of Skin Irritation as well as an Eye Infection While Using Chromium Oxide Green
Opportunities:
Upsurging Demand due to Easy Availability through E-Commerce
AMA Research follows a focused and realistic research framework that provides the ability to study the crucial market dynamics in several regions across the world. Moreover, an in-depth assessment is mainly conducted by our analysts on geographical regions to provide clients and businesses the opportunity to dominate in niche markets and expand in emerging markets across the globe. This market research study also showcases the spontaneously changing Vendors landscape impacting the market's growth. Furthermore, our market researchers extensively analyze the products and services offered by multiple players competing to increase their market share and presence.
Data Sources of Chromium Oxide Green Market Study
Primary Collection: InMail, LinkedIn Groups, Survey Monkey, Google, and Other professional Forums are some of the mediums utilized to gather primary data through key industry participants and appointees, subject-matter experts, C-level executives of Chromium Oxide Green Industry, among others including independent industry consultants, experts, to obtain and verify critical qualitative commentary and opinion and quantitative statistics, to assess future market prospects.
The primary interviews and data collected as per the below protocols: By Designation: C-Level, D-Level, Others
By Company Type: Tier 1, Tier 2, Tier 3
Secondary Data Sources such as Annual reports, Press releases, Analyst meetings, Conference calls, Investor presentations, Management statements, and SEC filings of Chromium Oxide Green players along with Regulatory Sites, Association, World bank, etc were used as sources secondary set of data.
Customization in the Report
AMA Research features not only specific market forecasts but also includes significant value-added commentary on:
- Market Trends
- Technological Trends and Innovations
- Market Maturity Indicators
- Growth Drivers and Constraints
- New Entrants into the Market & Entry/Exit Barriers
- To Seize Powerful Market Opportunities
- Identify Key Business Segments, Market Proposition & Gap Analysis
Against this Challenging Backdrop, Chromium Oxide Green Study Sheds Light on
The Chromium Oxide Green Market status quo and key characteristics. To end this, Analysts at AMA organize and took surveys of the Chromium Oxide Green industry Vendors. The resultant snapshot serves as a basis for understanding why and how the industry can be expected to change.
Where Chromium Oxide Green industry is heading and what are the top priorities. Insights are drawn from financial analysis, surveys, and interviews with key executives and industry experts.
How every company in this diverse set of Vendors can best navigate the emerging competition landscape and follow a strategy that helps them position to hold the value they currently claim or capture the new addressable opportunity.