Market Overview:
The global spherical chromium powder market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in the market can be attributed to the increasing demand for chromium powder in various applications, such as 3D printing and other applications. In terms of type, the 99.9% purity segment is expected to hold a major share of the global spherical chromium powder market during the forecast period. This can be attributed to its high purity and superior quality compared with other types of chromium powders available in the market.
Product Definition:
A spherical powder is a finely ground material that has been made into small, even-sized spheres. This type of powder is often used in paints and other coatings because it can provide an even distribution of color and hide tiny surface imperfections. It is also sometimes used as a filler material in products like plastics and rubbers.
99.9% Purity:
99.9% purity is a type of spherical chromium that has uniformity and high purity level as compared to the conventional type which contains 0.1% impurities or less. It is used in various applications such as automotive, aerospace, industrial machinery, construction equipment and tools along with household appliances among others owing to its properties such as corrosion resistance hardness durability and electrical conductivity among others.
99.5% Purity:
99.5% purity is the highest level of purity that can be achieved with commercial sputtering targets.
Application Insights:
The other application segment includes metal machining, glass manufacturing and ceramic ware. The demand for the product in this application is expected to witness a CAGR of XX% from 2018 to 2030 owing to its properties such as high corrosion resistance, non-brittle nature and low maintenance cost.
3D printing is one of the fastest growing applications due to its ability to create complex shapes with high accuracy and precision. It has numerous applications in the aerospace & defense industry including engine parts replacement or repair, stress relievers for aircraft fuselages/structural components made from composite materials such as fiberglass or aluminum alloys., Other key applications include chemical processing industries which require tough wear resistant surfaces that are free from scratches or dents., In addition, it can also be used in medical equipment manufacturing providing long life span at lower temperatures than conventional steel alloys.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to continue its dominance over the forecast period. The regional growth can be attributed to rapid industrialization, availability of low-cost raw materials, and increasing investments in R&D by major players. China is a key country for global chromium supply as it mines nearly half of the world’s chromium ore output. In addition, India has one of the largest reserves of natural chromium with high-quality specifications that are used by various industries including automotive and aerospace.
North America accounted for a significant share owing to growing demand from 3D printing industry coupled with stringent regulations regarding environmental pollution caused during manufacturing metal powder products such as aluminum or steel powder which are majorly sourced from leaded fuels used in electric motors & generators produced locally or imported from Asia Pacific region. This factor is anticipated to propel market growth over the next eight years especially in U.S.
Growth Factors:
- Increasing demand from end-use industries such as automotive, aerospace, and defense
- Growing popularity of chromium powder in various applications such as coatings, pigments, and alloys
- Rising investments by key players in research and development to develop new products
- Technological advancements that have led to the development of better quality chromium powders
- Increasing awareness about the benefits of using chromium powder among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Spherical Chromium Powder Market Research Report
By Type
99.9% Purity, 99.5% Purity, Other
By Application
3D Printing, Other
By Companies
Beijing Youxinglian Nonferrous Metals, Advanced Engineering Materials, Shaanxi Sirui Advanced Materials, Beijing Xingrongyuan Technology
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
198
Number of Tables & Figures
139
Customization Available
Yes, the report can be customized as per your need.
Global Spherical Chromium Powder Market Report Segments:
The global Spherical Chromium Powder market is segmented on the basis of:
Types
99.9% Purity, 99.5% Purity, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
3D Printing, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- Beijing Youxinglian Nonferrous Metals
- Advanced Engineering Materials
- Shaanxi Sirui Advanced Materials
- Beijing Xingrongyuan Technology
Highlights of The Spherical Chromium Powder Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- 99.9% Purity
- 99.5% Purity
- Other
- By Application:
- 3D Printing
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Spherical Chromium Powder Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Spherical chromium powder is a type of chromium ore that has been ground into a fine powder. It is used in the production of stainless steel and other alloys.
Some of the key players operating in the spherical chromium powder market are Beijing Youxinglian Nonferrous Metals, Advanced Engineering Materials, Shaanxi Sirui Advanced Materials, Beijing Xingrongyuan Technology.
The spherical chromium powder market is expected to grow at a compound annual growth rate of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Spherical Chromium Powder Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Spherical Chromium Powder Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Spherical Chromium Powder Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Spherical Chromium Powder Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Spherical Chromium Powder Market Size & Forecast, 2020-2028
4.5.1 Spherical Chromium Powder Market Size and Y-o-Y Growth
4.5.2 Spherical Chromium Powder Market Absolute $ Opportunity
Chapter 5 Global Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Market Size Forecast by Type
5.2.1 99.9% Purity
5.2.2 99.5% Purity
5.2.3 Other
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Market Size Forecast by Applications
6.2.1 3D Printing
6.2.2 Other
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Spherical Chromium Powder Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Spherical Chromium Powder Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Analysis and Forecast
9.1 Introduction
9.2 North America Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Market Size Forecast by Type
9.6.1 99.9% Purity
9.6.2 99.5% Purity
9.6.3 Other
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Market Size Forecast by Applications
9.10.1 3D Printing
9.10.2 Other
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Analysis and Forecast
10.1 Introduction
10.2 Europe Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Market Size Forecast by Type
10.6.1 99.9% Purity
10.6.2 99.5% Purity
10.6.3 Other
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Market Size Forecast by Applications
10.10.1 3D Printing
10.10.2 Other
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Market Size Forecast by Type
11.6.1 99.9% Purity
11.6.2 99.5% Purity
11.6.3 Other
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Market Size Forecast by Applications
11.10.1 3D Printing
11.10.2 Other
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Analysis and Forecast
12.1 Introduction
12.2 Latin America Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Market Size Forecast by Type
12.6.1 99.9% Purity
12.6.2 99.5% Purity
12.6.3 Other
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Market Size Forecast by Applications
12.10.1 3D Printing
12.10.2 Other
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Market Size Forecast by Type
13.6.1 99.9% Purity
13.6.2 99.5% Purity
13.6.3 Other
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Market Size Forecast by Applications
13.10.1 3D Printing
13.10.2 Other
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Spherical Chromium Powder Market: Competitive Dashboard
14.2 Global Spherical Chromium Powder Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 Beijing Youxinglian Nonferrous Metals
14.3.2 Advanced Engineering Materials
14.3.3 Shaanxi Sirui Advanced Materials
14.3.4 Beijing Xingrongyuan Technology
