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Showing posts with the label Chromium Oxide Industry

Chromium Oxide Industry |Analysis Outlook (2023–2030) Business Growth, Cost, Type, Size, Key Products, Top Manufacturers

The Chromium Oxide Industry 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 the demand for chr...