Chromium Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

The Report Covers Sodium Dichromate Market Analysis Report is Segmented by Application (Chemical, Metallurgical, Refractory, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and the Middle East and Africa). The Report Offers Market Size and Forecasts for Chromium in Volume (tons) for all the Above Segments.

Chromium Market Size & Share Analysis - Growth Trends & Forecasts (2025 - 2030)

Chromium Market Size

Chromium Market Summary
Study Period 2019 - 2030
Market Volume (2025) 44.88 kilotons
Market Volume (2030) 54.37 kilotons
CAGR 3.91 %
Fastest Growing Market Asia-Pacific
Largest Market Asia-Pacific
Market Concentration Medium

Major Players

Chromium Market Major Players

*Disclaimer: Major Players sorted in no particular order

Compare market size and growth of Chromium Market with other markets in Chemicals & Materials Industry

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Chromium Market Analysis

The Chromium Market size is estimated at 44.88 kilotons in 2025, and is expected to reach 54.37 kilotons by 2030, at a CAGR of 3.91% during the forecast period (2025-2030).

The COVID-19 pandemic had a big effect on the chromium market because of the global restrictions on the auto, building, and construction industries. However, since 2021, industries have grown, and the market is expected to do the same during the forecast period.

  • Over the medium term, the growing demand for metallurgical uses and increasing refractory applications in industries are expected to drive market growth.
  • However, exposure to chromium can cause health and environmental effects, which are expected to hinder market growth.
  • In the coming years, the development of the trivalent chromium hard chrome plating process is likely to lead to market growth.
  • Asia-Pacific has led the market for the past few years, and it is also expected to register the highest CAGR during the forecast period.

Chromium Industry Overview

The chromium market is partially consolidated in nature, with a few major players dominating a significant portion of the market. Some of the major companies are (not in any particular order) Kermas Investment Group, Assmang Proprietary Limited, CVK Madencilik, Odisha Mining Corporation Ltd, and Glencore.

Chromium Market Leaders

  1. Kermas Investment Group

  2. Assmang Proprietary Limited

  3. CVK Madencilik

  4. Odisha Mining Corporation Ltd.

  5. Glencore

  6. *Disclaimer: Major Players sorted in no particular order
Chromium Market Concentration
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Chromium Market News

  • November 2022: Yildirim Group announced the acquisition of 100% shares of Elementis plc's chromium business for an enterprise value of USD 170 million. With this agreement in place, Yildirim Group has acquired Elementis Chromium's two production facilities in Corpus Christi (TX) and Castle Hayne (NC), as well as three facilities in Amarillo (TX), Dakota (NE) and Milwaukee (WI).
  • June 2022: Tenaris announced that it would invest nearly USD 29 million in its steel shop in Dalmine to expand the facility's capacity to produce specialty steels with a high chromium content, such as chromium 13. The investment was projected to be completed by the first part of 2023 and involve three stages of the production process.
  • January 2022: Yildirim Group acquired Albchrome Holding, an Albanian chrome and ferrochromium company. The main motive of this acquisition is to support the continuation of its progress and to further strengthen the company's position in the world markets.

Chromium Market Report - Table of Contents

1. INTRODUCTION

  • 1.1 Study Assumptions
  • 1.2 Scope of the Study

2. RESEARCH METHODOLOGY

3. EXECUTIVE SUMMARY

4. MARKET DYNAMICS

  • 4.1 Drivers
    • 4.1.1 Growing Demand for Metallurgical Uses
    • 4.1.2 Increasing Refractory Applications in Industries
    • 4.1.3 Other Drivers
  • 4.2 Restraints
    • 4.2.1 Associated Health Effects
    • 4.2.2 Other Restraints
  • 4.3 Industry Value Chain Analysis
  • 4.4 Porter's Five Forces Analysis
    • 4.4.1 Bargaining Power of Buyers
    • 4.4.2 Bargaining Power of Suppliers
    • 4.4.3 Threat of New Entrants
    • 4.4.4 Threat of Substitute Products
    • 4.4.5 Degree of Competition

5. MARKET SEGMENTATION (Market Size in Volume)

  • 5.1 By Application
    • 5.1.1 Chemical
    • 5.1.2 Metallurgical
    • 5.1.3 Refractory
    • 5.1.4 Other Applications (Glass Polishing, Industrial Catalysts, and Pigments )
  • 5.2 By Geography
    • 5.2.1 Asia-Pacific
    • 5.2.1.1 China
    • 5.2.1.2 India
    • 5.2.1.3 Japan
    • 5.2.1.4 South Korea
    • 5.2.1.5 Malaysia
    • 5.2.1.6 Thailand
    • 5.2.1.7 Indonesia
    • 5.2.1.8 Vietnam
    • 5.2.1.9 Rest of Asia-Pacific
    • 5.2.2 North America
    • 5.2.2.1 United States
    • 5.2.2.2 Canada
    • 5.2.2.3 Mexico
    • 5.2.3 Europe
    • 5.2.3.1 Germany
    • 5.2.3.2 United Kingdom
    • 5.2.3.3 Italy
    • 5.2.3.4 France
    • 5.2.3.5 Spain
    • 5.2.3.6 NORDIC
    • 5.2.3.7 Turkey
    • 5.2.3.8 Russia
    • 5.2.3.9 Rest of Europe
    • 5.2.4 South America
    • 5.2.4.1 Brazil
    • 5.2.4.2 Argentina
    • 5.2.4.3 Colombia
    • 5.2.4.4 Rest of South America
    • 5.2.5 Middle East and Africa
    • 5.2.5.1 Saudi Arabia
    • 5.2.5.2 South Africa
    • 5.2.5.3 Nigeria
    • 5.2.5.4 Qatar
    • 5.2.5.5 Egypt
    • 5.2.5.6 United Arab Emirates
    • 5.2.5.7 Rest of Middle East and Africa

6. COMPETITIVE LANDSCAPE

  • 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
  • 6.2 Market Share (%)**/Market Ranking Analysis
  • 6.3 Strategies Adopted by Leading Players
  • 6.4 Company Profiles
    • 6.4.1 Al Tamman Indsil FerroChrome L.L.C
    • 6.4.2 Assmang Proprietary Limited
    • 6.4.3 CVK Madencilik
    • 6.4.4 Glencore
    • 6.4.5 Hernic Ferrochrome (Pty) Ltd (Hernic)
    • 6.4.6 International Ferro Metals (IFM)
    • 6.4.7 Kermas Investment Group
    • 6.4.8 MVC Holdings LLC
    • 6.4.9 Odisha Mining Corporation Ltd
    • 6.4.10 Tenaris
    • 6.4.11 YILDIRIM Group of Companies
  • *List Not Exhaustive

7. MARKET OPPORTUNITIES AND FUTURE TRENDS

  • 7.1 Development of Trivalent Chromium Hard Chrome Plating
  • 7.2 Other Opportunities
**Subject to Availability
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Chromium Industry Segmentation

The chemical element chromium has the symbol Cr and the atomic number 24. It is a steely-grey transition metal that is glossy, hard, and brittle. The metal chromium is prized for its great corrosion resistance and hardness. Stainless steel and chrome plating (chromium electroplating) account for 85% of commercial use.

The chromium market is segmented by application and geography. By application, the market is segmented into chemical, metallurgical, refractory, and others (glass polishing, industrial catalysts, and pigments). The report also covers the market sizes and forecasts for the chromium market in 27 countries across major regions. For each segment, market sizing and forecasts were made on the basis of volume (tons).

By Application Chemical
Metallurgical
Refractory
Other Applications (Glass Polishing, Industrial Catalysts, and Pigments )
By Geography Asia-Pacific China
India
Japan
South Korea
Malaysia
Thailand
Indonesia
Vietnam
Rest of Asia-Pacific
North America United States
Canada
Mexico
Europe Germany
United Kingdom
Italy
France
Spain
NORDIC
Turkey
Russia
Rest of Europe
South America Brazil
Argentina
Colombia
Rest of South America
Middle East and Africa Saudi Arabia
South Africa
Nigeria
Qatar
Egypt
United Arab Emirates
Rest of Middle East and Africa
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Chromium Market Research FAQs

How big is the Chromium Market?

The Chromium Market size is expected to reach 44.88 kilotons in 2025 and grow at a CAGR of 3.91% to reach 54.37 kilotons by 2030.

What is the current Chromium Market size?

In 2025, the Chromium Market size is expected to reach 44.88 kilotons.

Who are the key players in Chromium Market?

Kermas Investment Group, Assmang Proprietary Limited, CVK Madencilik, Odisha Mining Corporation Ltd. and Glencore are the major companies operating in the Chromium Market.

Which is the fastest growing region in Chromium Market?

Asia-Pacific is estimated to grow at the highest CAGR over the forecast period (2025-2030).

Which region has the biggest share in Chromium Market?

In 2025, the Asia-Pacific accounts for the largest market share in Chromium Market.

What years does this Chromium Market cover, and what was the market size in 2024?

In 2024, the Chromium Market size was estimated at 43.13 kilotons. The report covers the Chromium Market historical market size for years: 2019, 2020, 2021, 2022, 2023 and 2024. The report also forecasts the Chromium Market size for years: 2025, 2026, 2027, 2028, 2029 and 2030.

Chromium Industry Report

The global chromium market is witnessing significant growth, fueled by its widespread use in metallurgy, chemicals, and refractories, and is poised for substantial expansion. The Asia-Pacific region, led by China and India, dominates due to its industrial growth and the vital role of chromium in stainless steel production for the construction, automotive, and electronics sectors. North America and Europe are also experiencing rapid growth, driven by the aerospace and automotive industries' need for corrosion-resistant materials and the rising popularity of chromium applications. The ferrochromium segment, crucial for enhancing stainless steel's strength and corrosion resistance, holds a significant market share, while the chemicals segment is set to grow the fastest, highlighting chromium's versatility. The market's growth is propelled by the increasing demand for stainless steel, advancements in automotive production, infrastructure investments, and advancements in chromium production techniques. Ongoing R&D to explore new applications and improve extraction and processing technologies is vital for meeting the global demand for chromium. For detailed market insights, Mordor Intelligence™ Industry Reports offer a comprehensive analysis, including market share, size, revenue growth rate, forecast outlook, and a historical overview, available as a free report PDF download.

Chromium Market Report Snapshots