Global Chrome Metal Powder Market growing at a CAGR of 6.1% from 2023 to 2030
Category : Materials And Chemicals | Published Date : Jul 2023 | Type : Press Release
Key Market Overview
Consegic Business Intelligence analyzes that the chrome metal powder market is predicted to grow at a compound annual growth rate of 6.1% from 2023 to 2030 and is expected to reach USD 867.38 million in 2030 which was valued at USD 544.50 million in 2022.
The report highlights the increasing adoption of chrome metal powder in the automotive industry, which is proliferating global market growth. Consegic Business Intelligence study also provides insights into the market's competitive landscape, market segmentation, regional outlook, and emerging technologies in the chrome metal powder market.
Global Chrome Metal Powder Market By Overview
The chrome metal powder market is bifurcated into product type, and end-use industry. Based on type the market is segmented into chromium metal powder and electrolytic chromium powder. In 2022, the chromium metal powder segment dominate in the overall chrome metal powder market. The end-use industry segment is categorized into aerospace, automotive, oil & gas, electrical & electronics, marine, building and construction, and others. In 2022, the automotive segment accounted for the highest market share in the chrome metal powder market.
Get Free SampleMarket Dynamics
Driver:
- The booming automotive industry is accelerating the chrome metal powder market growth.
- The rising adoption of chrome metal powder in the electrical and electronics industry is supplementing the growth of the market.
Restraints:
- The higher cost of chrome metal powder systems is posing a major bottleneck for market growth.
Market Segmentation:
| Report Attributes | Report Details |
| By Type | Chromium Metal Powder and Electrolytic Chromium Powder |
| By End-use Industry | Aerospace, Automotive, Oil & Gas, Electrical & Electronics, Marine, Building and Construction, and Others |
| By Region | North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa |
Competitive Landscape :
The market is dominated by certain major companies such as Amg Advanced Metallurgical Group, Delachaux Group, Exo Tech, and Hascor International Group which have a strong market position in current market circumstances. These companies are continuously leveraging new technologies to develop innovative solutions that are more durable, ensure superior functioning, and others. Furthermore, the chrome metal powder market is expected to witness substantial growth in the coming years due to the growing investment in electric vehicle manufacturing facilities in key regions such as North America, Asia Pacific, and others.
The market is characterized by intense competition, with companies focusing on expanding their product offerings and increasing their market share through mergers, acquisitions, and partnerships.
- Amg Advanced Metallurgical Group
- Delachaux Group
- Exo Tech
- Hascor International Group
- Industrial Metallurgical Holding
- Kohsei Co, Ltd
- Atlantic Equipment Engineers, Inc.
- Belmont Metals, Inc.
- Kamman Group
- G K MIN MET ALLOYS CO
