![]() ![]() ![]() In construction, stainless steel provides strength and support to the structure and ensures its long life. This compound of chromium plays a vital role in manufacturing stainless steel as the chromium coating on the steel reacts with the oxygen outside and prevents corrosion of the alloy. This has given a boost to steel production, which, in turn, has the raised the demand for chromium oxide. Rapid rise in urbanization is increasing and intensifying construction activities in residential and commercial spaces. Moreover, the World Health Organization (WHO) projects that between 20, global urban population will increase at a rate of 1.63% per year and between 20, the increase will be of 1.44% annually. They estimate that urban areas could see an influx of close to 2.5 billion people by 2050, with 90% of this addition happening in Asia and Africa. The compound is green in color in its powder form.Īccelerating Urbanization to Propel the MarketĪccording to the UN Department of Economic and Social Affairs, by 2050, 68% of the world’s population will be living in urban areas. Chromium oxide is an important oxygen compound of chromium, prepared when sodium dichromate is calcified in the presence of Sulphur or carbon. ![]() It is used in alloys to increase corrosion resistance and strength of the material. Chromium oxide is a crucial compound in production of steel and increasing activities in the steel industry will likely raise the demand for chromium oxide in the forecast period.Ĭhromium is a hard metal that occurs in steel-gray color. The WSA has further reported that compared to 2017, in 2018, steel production rose by 4.6%, with Asia recording the highest growth. LtdĪccording to the World Steel Association (WSA), the steel industry accounts for close to USD 2.9 trillion in terms of value addition. ![]() Luoyang Zhengjie Science & Technology Industry Trade Co.List of prominent companies that are operating in the global chromium oxide market are: Steel production is one of the core economic activities for any country and steel is extensively used in a variety of industries such as automotive and construction.Įconomic development across the globe have further raised the demand for steel, leading to a constant rise in its production. Rising steel production will be the key factor driving the chromium oxide market growth during the forecast period. Chromium oxide in reasonable and fair market price will be provided with better options and services. Services of Chromium oxide like trade data and market price and insight can be subscribed on ECHEMI. You can enjoy the chemical supply chain services on ECHEMI. We will help you purchase Chromium oxide and run fast your business.The global chromium oxide market is set to touch USD 703.3 million by 2026, exhibiting a 4.6% CAGR during the forecast period.The quality of Chromium oxide 1 will be secured by ECHEMI. Partners on ECHEMI are all selected in certification, qualification or scale. We help buyers to get Chromium oxide with various requirement and regulations in global countries and regions. We can offer tailored service of Chromium oxide for our customers.If you want to buy Chromium oxide, then ECHEMI will offer you multi-options. The suppliers of 271 Chromium oxide on the search result are been verified by the accurate information of each one. To make sure the safety of the transaction on ECHEMI, we will make sure the information is trust-worthy of each supplier. We help you get chemicals in need continuously and meet 285 registered Chromium oxide suppliers. ![]()
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