Global Chromium Oxide Market (Business Opportunities - Marketing & Sales)

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Global Chromium Oxide Market

The global chromium oxide market was valued US$ 192.58 Mn in 2019 and is expected to reach 414.26 Mn by 2027, at a CAGR of 3.8 % during the forecast period.

Global Chromium Oxide Market

Market Definition:

Chromium oxide is an inorganic compound and one of the key oxides of chromium. It occurs naturally as a rare mineral eskolaite and holds a wide range of applications in coatings resulting in excellent resistance to wear, abrasion, corrosion, and chemicals.

The report study has analyzed the revenue impact of COVID-19 pandemic on the sales revenue of market leaders, market followers, and disrupters in the report, and the same is reflected in our analysis.

Market Drivers and Restraints:

Technological advancement and development in the method of the manufacturing process in developed and developing countries are driving the growth of the chromium oxide market globally. Chromium oxide has broad application in the automotive industries for coating and polishing of various machinery parts as it has corrosion free property which is expected to drive the market growth, which will further propel the market demand in the global market.

Target Nation: All Nations
Target City : All Cities
Last Update : 24 August 2020
Number of Views: 41
Item  Owner  : ashwini
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2020-11-26 (0.094 sec)