CHROMIUM SALTS MARKET ANALYSIS

Market Challenges And Opportunities

Growing industrialization in emerging economies such as India, China, and Brazil among others is one of the major factors driving growth of the global chromium salts market. Rapid growth of dye and pigment market that include paints in emerging markets is expected to fuel growth of the chromium salts market over the forecast period. Moreover, rising use of chromium salts in other applications such as metal treatment, leather treatment, and water treatment is expected increase demand for chromium salts in the near future, thereby boosting growth of the market.

However, carcinogenic and toxic properties of chromium salt will affect people working with this salt on a regular basis. Due to this harmful properties, various stringent environmental rules and regulations are imposed by governments, especially in Europe and the U.S, which is expected to be a major factor restraining growth of the global chromium salts market.

However, carcinogenic and toxic properties of chromium salt will affect people working with this salt on a regular basis. Due to this harmful properties, various stringent environmental rules and regulations are imposed by governments, especially in Europe and the U.S, which is expected to be a major factor restraining growth of the global chromium salts market.