Industry Insights
Chromium phosphate has been witnessing strong growth on account of
increasing demand for coating materials from major end-use industries.
Increasing application scope of chromium phosphate in medical sector is
anticipated to drive the market over the next six years. Furthermore,
growing medical sector across the world is anticipated to boost the
demand for chromium phosphate over the forecast period.
Increasing demand for corrosion inhibitors across the globe is further
likely to augment the market growth over the projected period. Chromium
phosphate is also used in architectural coatings. Increasing demand for
architectural coating on account of growing construction sector is
anticipated to augment the market growth over the forecast period.
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Owing to the infrastructural development in emerging countries such
as India and China, building & construction sector is on boom and it
is expected to boost chromium phosphate market over the next six years.
However, increasing prices of raw materials coupled with lack of
awareness regarding chromium phosphate benefits is anticipated to impact
the market growth negatively.
Application Insights
Architecture coating is witnessed to be the largest application
segment for chromium phosphate market over the last few years. Chromium
phosphate is used in architectural coatings to protect the design from
abrasion and environmental impact. In addition, architecture coating are
used in all kind of furniture to enhance the quality and design of
furniture. Growing architectural paints demand is expected to drive the
chromium phosphate market over the forecast period.
Corrosion inhibitor coating is the second largest application segment
for chromium phosphate market owing to increasing paints and coating
demand to prevent products and machinery from corrosion, contamination,
preserve cosmetic appearance. Global chromium phosphate market is
anticipated to witness considerable growth over the forecast period on
account of increasing pharmaceutical and health care industries across
the globe. Furthermore, increasing application scope in niche segments
including chemical industry is likely to propel the market growth in
near future.
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Regional Insights
Asia pacific emerged as one of the largest market for chromium
phosphate over the recent past and trend is expected to continue over
the forecast period on account of increasing construction projects in
this region. Increasing government spending on infrastructure
development coupled with rapid industrialization in emerging countries
such as India and China is anticipated to drive chromium phosphate
market over the next six years. Moreover, availability of raw materials
is the key factor driving the market in this region.
Asia pacific is also anticipated to witness the fastest growth over
the forecast period on account of increasing corrosion inhibitors
industries in this region. Europe has been witnessing continuous decline
for chromium phosphate demand over the last few years, and the trend is
expected to continue over the forecast period. Major players are
shifting their manufacturing facility to Asia Pacific region owing to
easy availability of raw materials, and this inclination is expected to
hamper the market in Europe. Middle East and Latin American countries
are expected to witness significant growth over the next six years on
account of increasing end-use industries in this region.
Competitive Insights
Increasing R&D activities is expected to open new opportunities
for Chromium phosphate market to enter into wide range of industries
including automotive, aerospace, heavy equipment and aluminum finishing
in near future. Increasing application scope of chromium phosphate in
medical sector is likely to create an opportunity for the market player
over the forecast period. Key players in chromium phosphate market
include CHEMOS GmbH, Sigma-Aldrich Corporation, Service Chemical Inc.,
Bayer Group and Brenntag AG.
Table of Contents
Chapter 1 Executive Summary
1.1 Chromium Phosphate - Industry Summary & Critical Success Factors (CSFs)
Chapter 2 Chromium Phosphate Industry Outlook
2.1 Market Segmentation
2.2 Market Size and Growth Prospects
2.3 Chromium Phosphate Value Chain Analysis
2.4 Chromium Phosphate Market Dynamics
2.5 Key Opportunities Prioritized
2.6 Industry Analysis - Porter's
2.7 Chromium Phosphate - Company Market Share Analysis
2.8 Chromium Phosphate - PESTEL Analysis
Chapter 3 Chromium Phosphate Application Outlook
3.1 Architectural Coatings
3.2 Corrosion Inhibitor Coatings
3.3 Medical
3.4 Others
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Chapter 4 Chromium Phosphate Regional Outlook
4.1 North America
4.2 Europe
4.3 Asia Pacific
4.4 RoW
Chapter 5 Competitive Landscape
5.1 American Elements
5.2 Chemetall GmbH
5.3 CHEMOS GmbH
5.4 Service Chemical Inc.
5.5 Sigma-Aldrich Corporation
5.6 Bayer AG
5.7 Brenntag AG
5.8 Oxkem
Chapter 6 Methodology and Scope
6.1 Research Methodology
6.2 Research Scope & Assumption
6.3 List of Data Sources
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