Global Chromium Oxide Green Market Overview:
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. Some of the players profiled in the study are 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).
On the basis of geography, the market of Chromium Oxide Green has been segmented into South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico). If we see Market by Distribution Channel, the sub-segment i.e. Online will boost the Chromium Oxide Green market. Additionally, the rising demand from SMEs and various industry verticals gives enough cushion to market growth.
Market Growth Drivers
- Growing Residential and Commercial Building Activities
- Increasing Dependency Due to Use In Ceramic and Plastic Products
- Rising Adoption due to Use in Industrial Paints Including Military Vehicles
- High Use in the Glass Products
- Risk of Skin Irritation as well as an Eye Infection While Using Chromium Oxide Green
- Upsurging Demand due to Easy Availability through E-Commerce
- Stiff Competition in the Chromium Oxide Green Market
Key Market Developments:
On 2nd July 2018, Sun Chemicals, a global chemical provider has acquired Cathay Industries, located in Valparaiso, Indiana, the United States for high-purity iron oxides business.
"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%."
Manufacturer / Potential Investors, Chromium Oxide Green Traders, Distributors, Chromium Oxide Green Wholesalers, Retailers, Association and Government Bodies, Government and Private Research Organization and Others
Major Objectives Focused through this Study
To define, describe, and forecast the Global Chromium Oxide Green market on the basis of product [Pigment Grade, Metallurgical Grade, Refractory Grade and Others] , application [Coating, Ceramics, Rubber, Metallurgy and Other], key regions and end user
To provide in-depth information regarding major influencing factors affecting the growth of the market (trends, drivers, restraints, opportunities, and industry-centric and regional challenges)
To strategically analyse the micro-markets and important business segments with respect to individual growth drivers , market trends and potential, and historical contributions to the total market
Identifying the opportunities in the market for key stakeholders and detailing the competitive landscape for market leaders
To provide market size for various segments of the Chromium Oxide Green market with respect to major geographies, namely, South America (Brazil, Argentina, Rest of South America), Asia Pacific (China, Japan, India, South Korea, Taiwan, Australia, Rest of Asia-Pacific), Europe (Germany, France, Italy, United Kingdom, Netherlands, Rest of Europe), MEA (Middle East, Africa), North America (United States, Canada, Mexico)
To strategically profile the key players and analyzing their market shares and core competencies in the Chromium Oxide Green industry
To track key developments such as product launches, expansions, agreements, partnerships, mergers & acquisitions, and R&D activities that are key factors in shaping the market
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**. Additionally, the Vendors which are also part of the research are A.B. Enterprises (India), Powder Pack Chem (India) and Gansu Jinshi Chemical Co (China).
** Confirmation on availability of data would be informed prior purchase
While framing the research framework, major and emerging players operating in the Chromium Oxide Green market in various regions have been profiled, and their offerings, geographic footprints, and distribution/sales channels have been analysed through in-depth discussions. The primary research is performed by taking the interviews of executives of various companies dealing in the market as well as using the survey reports, research institute, and latest research reports. Meanwhile, analyst team keeps preparing set of questionnaires and after getting appointee list; the target audience are then tapped and segregated with various mediums and channels that are feasible for making connection that includes email communication, telephonic, skype, LinkedIn Group & InMail, Community Forums, Community Forums, open Survey, SurveyMonkey etc.