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Chromium Oxide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data
Report Format: PDF+Excel | Report ID: SR112024A24366
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Chromium Oxide Prices December 2023
|
Product
|
Category | Region | Price |
|---|---|---|---|
| Chromium Oxide | Chemical | South Africa | 2773 USD/MT |
| Chromium Oxide | Chemical | Germany | 4416 USD/MT |
The price of chromium oxide in South Africa for 2023 reached 2773 USD/MT in December.
Meanwhile, the price of chromium oxide in Germany during the last quarter of 2023 settled at 4416 USD/MT.
Chromium Oxide Price Trend, Market Analysis, and News
IMARC’s newly published report, titled “Chromium Oxide Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data,” offers an in-depth analysis of chromium oxide pricing, covering an analysis of global and regional market trends and the critical factors driving these price movements.
It encompasses an in-depth review of spot price of chromium oxide at major ports, a breakdown of prices including Ex Works, FOB, and CIF, alongside a region-wise dissection of chromium oxide price trend across North America, Europe, Asia Pacific, Latin America, the Middle East and Africa.
The report examines the elements influencing chromium oxide price fluctuations, such as changes in raw material costs, supply-demand dynamics, geopolitical factors, and industry-specific developments. Additionally, it integrates the latest market news, providing stakeholders with up-to-date information on market shifts, regulatory changes, and technological advancements, thereby offering a comprehensive overview that aids in strategic decision-making and forecasting.
Chromium Oxide Market Analysis
The global chromium oxide market size reached US$ 552.16 Million in 2023. By 2032, IMARC Group expects the market to reach US$ 813.52 Million, at a projected CAGR of 4.40% during 2023-2032.
- Chromium oxide is employed in anti-corrosion coatings to protect metal surfaces from oxidation and corrosion. When applied as a thin layer on metals, it forms a protective barrier that prevents exposure to moisture and other corrosive elements. This property is particularly useful in harsh environments, such as marine or industrial settings, where metals are prone to rust and degradation.
- In addition to this, chromium oxide is a key ingredient in polishing and buffing compounds used to achieve high-gloss finishes on metals, glass, and gemstones. Its fine particles are abrasive enough to smooth and polish surfaces without causing significant wear, making it ideal for applications requiring a fine finish, such as jewelry making, automotive detailing, and optical lens manufacturing.
- Moreover, chromium oxide is used in the production of magnetic recording media, such as tapes and disks. Its magnetic properties make it suitable for coating the surface of recording media, where it helps to store and retrieve data efficiently. The stability and reliability of chromium oxide in maintaining magnetic properties ensures the longevity and performance of magnetic storage devices. This application is critical in the data storage and information technology industries, aiding the market growth.
- Another factor impelling the market expansion is the wide consumption of this chemical in the ceramics industry. Chromium oxide is used as a sintering additive to enhance the density and mechanical properties of ceramic materials. It promotes the bonding of ceramic particles, resulting in stronger and more durable ceramics.
- Furthermore, chromium oxide serves as an ultraviolet (UV) absorber in various applications, including plastics and coatings. By absorbing harmful UV radiation, it protects materials from UV-induced degradation, such as discoloration and weakening. This property is especially important in outdoor applications, where materials are exposed to sunlight for extended periods.
- In addition, chromium oxide is used as a coloring agent in the glass industry to produce green and emerald hues in glass products. The addition of chromium oxide to the glass melts results in vibrant, stable colors that do not fade over time. This property is valuable in the production of decorative glassware, architectural glass, and glass containers.
Chromium Oxide News
The report covers the latest developments, updates, and trends impacting the global chromium oxide market, providing stakeholders with timely and relevant information. This segment covers a wide array of news items, including the inauguration of new production facilities, advancements in chromium oxide production technologies, strategic market expansions by key industry players, and significant mergers and acquisitions that impact the chromium oxide price trend.
Product Description
Chromium oxide is a fine, green powder that is one of the most stable forms of chromium. This compound occurs naturally as the mineral eskolaite and is synthesized for various industrial purposes. Chromium oxide is known for its high melting point and resistance to wear and corrosion, making it a valuable material in various applications.
It is widely used in applications requiring durable, hard-wearing materials. One of its primary applications is as a pigment, known as chrome green, used in paints, coatings, and ceramics due to its stability and resistance to environmental factors. Additionally, chromium oxide is employed in the production of refractory materials, which are crucial in high-temperature industrial processes. Its ability to withstand extreme temperatures without degrading makes it an ideal component in furnace linings and other heat-resistant materials.
Regional Coverage
The report provides a detailed analysis of the chromium oxide market across different regions, each with unique pricing dynamics influenced by localized market conditions, supply chain intricacies, and geopolitical factors. This includes price trends, price forecast and supply and demand trends for each region, along with spot prices by major ports. The report also provides coverage of ex-works, FOB, and CIF prices, as well as the key factors influencing the chromium oxide price trend.
Global Chromium Oxide Price
The report offers a holistic view of the global chromium oxide pricing trends in the form of chromium oxide price charts, reflecting the worldwide interplay of supply-demand balances, international trade policies, and overarching economic factors that shape the market on a macro level. This comprehensive analysis not only highlights current price of chromium oxide but also provides insights into historical price trends, enabling stakeholders to understand past fluctuations and their underlying causes.
The report also delves into price forecast models, projecting future price movements based on a variety of indicators such as expected changes in supply chain dynamics, anticipated policy shifts, and emerging market trends. By examining these factors, the report equips industry participants with the necessary tools to make informed strategic decisions, manage risks, and capitalize on market opportunities. Furthermore, it includes a detailed chromium oxide demand analysis, breaking down regional variations and identifying key drivers specific to each geographic market, thus offering a nuanced understanding of the global pricing landscape.
Europe Chromium Oxide Price
European chromium oxide prices are examined, highlighting the market-specific influences in the region, such as stringent environmental regulations, the competitive landscape, and import-export imbalances that significantly affect pricing structures.
This analysis can be extended to include detailed chromium oxide price information for a comprehensive list of countries.
| Region | Countries Covered |
|---|---|
| Europe | Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece, among other European countries. |
North America Chromium Oxide Price
The analysis of chromium oxide prices in North America delves into the regional industry dynamics, encompassing the impact of local production capacities and the trade flows between North America and other significant global markets.
Specific chromium oxide historical data within the United States and Canada can also be provided.
| Region | Countries Covered |
|---|---|
| North America | United States and Canada |
Middle East and Africa Chromium Oxide Price
The report explores the chromium oxide pricing trends in the Middle East and Africa, considering factors like regional industrial growth, the availability of natural resources, and geopolitical tensions that uniquely influence market prices.
In addition to region-wise data, information on chromium oxide prices for countries can also be provided.
| Region | Countries Covered |
|---|---|
| Middle East & Africa | Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco, among other Middle Eastern and African countries. |
Asia Pacific Chromium Oxide Price
The chromium oxide pricing trends in Asia Pacific are examined, reflecting the role of the region as a major global production hub and consumer market, with price dynamics heavily influenced by supply chain efficiencies, regional demand surges, and policy shifts in major economies.
This chromium oxide price analysis can be expanded to include a comprehensive list of countries within the region.
| Region | Countries Covered |
|---|---|
| Asia Pacific | China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand, among other Asian countries. |
Latin America Chromium Oxide Price
The analysis of chromium oxide prices in Latin America provides a detailed overview, reflecting the unique market dynamics in the region influenced by economic policies, industrial growth, and trade frameworks.
This comprehensive review can be extended to include specific countries within the region.
| Region | Countries Covered |
|---|---|
| Latin America | Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru, among other Latin American countries. |
Report Coverage
| Key Attributes | Details |
|---|---|
| Product Name | Chromium Oxide |
| Report Features | Exploration of Historical Trends and Market Outlook, Industry Demand, Industry Supply, Gap Analysis, Challenges, Chromium Oxide Price Analysis, and Segment-Wise Assessment. |
| Currency/Units | US$ (Data can also be provided in local currency) or Metric Tons |
| Region/Countries Covered | The current coverage includes analysis at the global and regional levels only. Based on your requirements, we can also customize the report and provide specific information for the following countries: Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand* Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal and Greece* North America: United States and Canada Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru* Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco* *The list of countries presented is not exhaustive. Information on additional countries can be provided if required by the client. |
| Information Covered for Key Suppliers |
|
| Customization Scope | The report can be customized as per the requirements of the customer |
| Report Price and Purchase Option |
Plan A: Monthly Updates - Annual Subscription
Plan B: Quarterly Updates - Annual Subscription
Plan C: Biannually Updates - Annual Subscription
|
| Post-Sale Analyst Support | 360-degree analyst support after report delivery |
| Delivery Format | PDF and Excel through email (We can also provide the editable version of the report in PPT/Word format on special request) |
Key Benefits for Stakeholders:
- IMARC’s report presents a detailed analysis of chromium oxide pricing, covering global and regional trends, spot prices at key ports, and a breakdown of Ex Works, FOB, and CIF prices.
- The study examines factors affecting chromium oxide price trend, including raw material costs, supply-demand shifts, geopolitical impacts, and industry developments, offering insights for informed decision-making.
- The competitive landscape review equips stakeholders with crucial insights into the latest market news, regulatory changes, and technological advancements, ensuring a well-rounded, strategic overview for forecasting and planning.
- IMARC offers various subscription options, including monthly, quarterly, and biannual updates, allowing clients to stay informed with the latest market trends, ongoing developments, and comprehensive market insights. The chromium oxide price charts ensure our clients remain at the forefront of the industry.
Need more help?
- Speak to our experienced analysts for insights on the current market scenarios.
- Include additional segments and countries to customize the report as per your requirement.
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- For further assistance, please connect with our analysts.
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