Chromium Oxide Market Analysis 2022 | Share, Industry Growth, Price, Demand and Global Forecast to 2030
Market Highlights The Chromium Oxide Market is projected to be valued at USD 353,564.5 Thousand by the end of 2030 and is expected to exhibit a CAGR of 5.13% during the forecast period. The key factor driving the growth of the global market is the increasing demand for the product in the paints & coatings industry majorly as a pigment. These pigments exhibit superior performance properties in terms of opacity, resistance to acid and alkali, chemical resistance, corrosion resistance, exterior durability, and compatibility. The chromium oxide coatings exhibit excellent self-mating and anti-galling properties, owing to which they are recommended for applications wherein resistance to wear by abrasive grains, particle erosion, hard surfaces, and cavitation is required. The healthy growth of the paints & coatings industry globally, which is mainly attributed to increasing investments in construction activities globally, particularly residential construction, is expected to boost