Chromium Oxide Market Size 2020 Trends, Growth Opportunities, Industry Revenue and Business Analysis by Forecast – 2027
Chromium Oxide Market Size 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 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 growth of the construction industry in the developing countries of Asia-Pacific and Middle East Africa due to rise in residential and commercial construction activities has...