CHROMIUM SALTS MARKET ANALYSIS

Chromium Salts MarketSize and Trends

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.

Market Outlook

On the basis of region, the global chromium salts market is segmented into North America, Latin America, Europe, Middle East and Africa, and Asia Pacific. Asia Pacific and Middle East contribute to chromium salts market growth, owing to increasing demand for dyes and paints in these regions. Emerging economics such as India and China are promising markets for chromium salt due to rising demand for chromium salt in these countries. Europe is expected to witness significant growth in the chromium salts market over the forecast period, as it one of the biggest exporters of chromium compounds. In Sweden, these salts are used in paint production, which is a growing market globally, owing to the global rise in infrastructures.

Market Dynamics

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.