Global Chromium Salt
Market Report
2025
The global Chromium Salt market size will be USD 5214.5 million in 2024. Growing demand for chromium salts in the production of pigments and leather tanning is expected to boost sales to USD 7435.71 million by 2031, with a Compound Annual Growth Rate (CAGR) of 5.20% from 2024 to 2031.
The base year for the calculation is 2024 and 2021 to 2024 will be historical period. The year 2025 will be estimated one while the forecasted data will be from year 2025 to 2033. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Chromium Salt market size will be USD 5214.5 million in 2024. It will expand at a compound annual growth rate (CAGR) of 5.20% from 2024 to 2031.
2019 | 2024 | 2025 | 2032 | 2033 | CAGR | |
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Global Chromium Salt Market Sales Revenue | 121212 | $ 5214.5 Million | 121212 | 121212 | 121212 | 5.2% |
North America Chromium Salt Market Sales Revenue | 121212 | $ 2085.8 Million | 121212 | 121212 | 121212 | 3.4% |
United States Chromium Salt Market Sales Revenue | 121212 | $ 1645.7 Million | 121212 | 121212 | 121212 | 3.2% |
Mexico Chromium Salt Market Sales Revenue | 121212 | $ 189.81 Million | 121212 | 121212 | 121212 | 3.9% |
Canada Chromium Salt Market Sales Revenue | 121212 | $ 250.3 Million | 121212 | 121212 | 121212 | 4.2% |
Europe Chromium Salt Market Sales Revenue | 121212 | $ 1564.35 Million | 121212 | 121212 | 121212 | 3.7% |
France Chromium Salt Market Sales Revenue | 121212 | $ 143.92 Million | 121212 | 121212 | 121212 | 2.9% |
Spain Chromium Salt Market Sales Revenue | 121212 | $ 128.28 Million | 121212 | 121212 | 121212 | 2.8% |
United Kingdom Chromium Salt Market Sales Revenue | 121212 | $ 262.81 Million | 121212 | 121212 | 121212 | 4.5% |
Russia Chromium Salt Market Sales Revenue | 121212 | $ 242.47 Million | 121212 | 121212 | 121212 | 2.7% |
Italy Chromium Salt Market Sales Revenue | 121212 | $ 134.53 Million | 121212 | 121212 | 121212 | 3.1% |
Germany Chromium Salt Market Sales Revenue | 121212 | $ 309.74 Million | 121212 | 121212 | 121212 | 3.9% |
Rest of Europe Chromium Salt Market Sales Revenue | 121212 | $ 242.47 Million | 121212 | 121212 | 121212 | 2.4% |
Asia Pacific Chromium Salt Market Sales Revenue | 121212 | $ 1199.34 Million | 121212 | 121212 | 121212 | 3.4% |
Korea Chromium Salt Market Sales Revenue | 121212 | $ 119.93 Million | 121212 | 121212 | 121212 | 6.3% |
Japan Chromium Salt Market Sales Revenue | 121212 | $ 165.51 Million | 121212 | 121212 | 121212 | 5.7% |
China Chromium Salt Market Sales Revenue | 121212 | $ 539.7 Million | 121212 | 121212 | 121212 | 6.7% |
Australia Chromium Salt Market Sales Revenue | 121212 | $ 62.37 Million | 121212 | 121212 | 121212 | 6.9% |
India Chromium Salt Market Sales Revenue | 121212 | $ 143.92 Million | 121212 | 121212 | 121212 | 9% |
Rest of APAC Chromium Salt Market Sales Revenue | 121212 | $ 85.15 Million | 121212 | 121212 | 121212 | 7% |
South America Chromium Salt Market Sales Revenue | 121212 | $ 260.73 Million | 121212 | 121212 | 121212 | 4.6% |
Argentina Chromium Salt Market Sales Revenue | 121212 | $ 43.8 Million | 121212 | 121212 | 121212 | 5.5% |
Brazil Chromium Salt Market Sales Revenue | 121212 | $ 111.59 Million | 121212 | 121212 | 121212 | 5.2% |
Chile Chromium Salt Market Sales Revenue | 121212 | $ 18.77 Million | 121212 | 121212 | 121212 | 4.9% |
Peru Chromium Salt Market Sales Revenue | 121212 | $ 21.38 Million | 121212 | 121212 | 121212 | 4.8% |
Colombia Chromium Salt Market Sales Revenue | 121212 | $ 23.2 Million | 121212 | 121212 | 121212 | 4.4% |
Rest of South America Chromium Salt Market Sales Revenue | 121212 | $ 41.98 Million | 121212 | 121212 | 121212 | 3.7% |
Middle East and Africa Chromium Salt Market Sales Revenue | 121212 | $ 104.29 Million | 121212 | 121212 | 121212 | 4.9% |
Turkey Chromium Salt Market Sales Revenue | 121212 | $ 8.97 Million | 121212 | 121212 | 121212 | 4.4% |
Egypt Chromium Salt Market Sales Revenue | 121212 | $ 10.95 Million | 121212 | 121212 | 121212 | 5.2% |
Rest of MEA Chromium Salt Market Sales Revenue | 121212 | $ 12.31 Million | 121212 | 121212 | 121212 | 3.9% |
Base Year | 2024 |
Historical Data Time Period | 2021-2024 |
Forecast Period | 2025-2033 |
Market Split by Type Outlook: |
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Market Split by Application Outlook: |
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Market Split by End-Use Outlook: |
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List of Competitors |
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Regional Analysis |
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Market Trends:
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Report scope is customizable as we have a huge database of Chromium Salt industry. We can deliver an exclusive report Edition/Consultation as per your data requirements. Request for your Free Sample Pages.
Chromium Salt Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
Chromium salts are chemical compounds derived from chromium, a versatile metal widely used in various industrial applications. These salts, including chromium(III) salts (such as chromium sulfate and chromium chloride) and chromium(VI) salts (such as sodium dichromate), are crucial in the production of pigments, leather tanning, metal plating, and as catalysts in several chemical processes. The Chromium Salt Market is experiencing steady growth, driven by increasing demand across several industries. The pigment and dye production sector is a significant contributor, as chromium salts are essential for creating vibrant and long-lasting colors in coatings, paints, and textiles. Additionally, the leather tanning industry continues to rely heavily on chromium salts for producing high-quality, durable leather products. The expanding automotive and construction industries further fuel the demand for chromium-based materials.
In December 2021, Thermo Fisher Scientific Inc. the world leader in serving science, today announced that it has completed its acquisition of PPD, Inc., a leading global provider of clinical research services to the biopharma and biotech industry, for US$ 17.4 Billion. (Source: https://ir.thermofisher.com/investors/news-events/news/news-details/2021/Thermo-Fisher-Scientific-Completes-Acquisition-of-PPD-Inc/default.aspx)
The Chromium Salt Market is primarily driven by the increasing demand for chromium-based pigments, particularly in the production of high-quality paints, coatings, and dyes. Chromium salts, such as chromium oxide green and chromium yellow, are valued for their vibrant color properties, durability, and resistance to fading. As industries, including automotive, construction, and consumer goods, demand more sustainable and long-lasting finishes, the need for chromium salts in pigment formulations continues to grow. This trend is expected to accelerate as global industrialization and infrastructure development expand. For instance, In January 2020, German Specialty Chemicals Company Lanxess announced that it has accomplished the sale of its chrome chemical business to Brother Enterprises Holdings which is a China-based leather chemical manufacturing company. Lanxess in South Africa has its facilities in two locations, Newcastle and Merebank in South Africa. Under the agreement, the Lanxess is anticipated to produce and supply the chrome tanning salts to Brother Enterprises until 2024
Chromium salts play a crucial role in the leather tanning process, which involves the use of chromium compounds, primarily chromium(III) salts, to create durable and high-quality leather products. As the leather industry grows, particularly in emerging markets where fashion and leather goods demand is on the rise, the use of chromium salts is expected to increase. These salts improve the leather’s strength, flexibility, and resistance to environmental damage, making them indispensable for the production of high-end leather goods, footwear, and automotive upholstery.
One of the major challenges hindering the growth of the Chromium Salt Market are the environmental and health concerns surrounding the use of chromium compounds, particularly hexavalent chromium, which is highly toxic. Prolonged exposure to hexavalent chromium can cause severe health issues, including respiratory problems and cancer. Additionally, chromium compounds pose significant environmental risks due to their potential to contaminate soil and water sources. As a result, regulatory bodies worldwide are tightening restrictions on the use and disposal of these chemicals, leading to increased costs for manufacturers and limiting market growth.
Covid-19 pandemic significantly impacted the Chromium Salt Market, primarily through disruptions in industrial activities and supply chains. During the height of the pandemic, many manufacturing plants, particularly in the automotive, construction, and leather industries, faced shutdowns or reduced operations due to lockdown measures and labor shortages. This led to a decline in the demand for chromium salts used in pigments, coatings, and leather tanning. Additionally, transportation restrictions hampered the global distribution of raw materials, further affecting production schedules. However, as economies began to recover, the market has shown signs of rebound, driven by the resumption of industrial activities and a renewed demand for chromium-based products. The pandemic underscored the need for supply chain resilience and adaptation to changing market dynamics.
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The competitive landscape of the Chromium Salt Market is characterized by the presence of both global and regional players, with a few key companies dominating the market due to their vast production capabilities, strong distribution networks, and diverse product portfolios. These companies focus on expanding their market reach through mergers, acquisitions, and collaborations, while also investing in sustainable and eco-friendly chromium salt production technologies to comply with stricter environmental regulations.
In March 2022, Zhenhua Co. Ltd., headquartered in China acquired 51% of Xiamen Shouneng Technology Co. Ltd. Zhenhua Co. Ltd., will be able to thoroughly investigate the potential applications for novel materials containing chromium in the new energy sector. (Source: https://news.metal.com/newscontent/101686691/cut-into-zhenhua-shares-of-electrolyte-racetrack-to-acquire-51-stake-in-xiamen-shouneng-science-and-technology) In December 2021, Thermo Fisher Scientific Inc. the world leader in serving science, today announced that it has completed its acquisition of PPD, Inc., a leading global provider of clinical research services to the biopharma and biotech industry. (Source: https://corporate.thermofisher.com/content/tfcorpsite/us/en/index/newsroom/press-releases/2021/Dec/08-Thermo-Fisher-Scientific-Completes-Acquisition-of-PPD-Inc.)
Top Companies Market Share in Chromium Salt Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominates the Chromium Salt Market due to its well-established industrial base, particularly in sectors such as automotive, construction, and leather tanning, which are major consumers of chromium salts. The region benefits from a strong demand for high-quality pigments, coatings, and durable leather products.
Asia-Pacific region is the fastest-growing market for chromium salts due to rapid industrialization, urbanization, and increasing manufacturing activities, particularly in countries like China, India, and South Korea. The demand for chromium salts is driven by the growth of industries such as automotive, construction, textiles, and leather tanning, which rely heavily on chromium-based products.
The current report Scope analyzes Chromium Salt Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Chromium Salt market size was estimated at USD 5214.5 Million, out of which North America held the major market share of more than 40% of the global revenue with a market size of USD 2085.80 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.4% from 2024 to 2031.
According to Cognitive Market Research, the global Chromium Salt market size was estimated at USD 5214.5 Million, out of which Europe held the market share of more than 30% of the global revenue with a market size of USD 1564.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.7% from 2024 to 2031.
According to Cognitive Market Research, the global Chromium Salt market size was estimated at USD 5214.5 Million, out of which Asia Pacific held the market share of around 23% of the global revenue with a market size of USD 1199.34 million in 2024 and will grow at a compound annual growth rate (CAGR) of 7.2% from 2024 to 2031.
According to Cognitive Market Research, the global Chromium Salt market size was estimated at USD 5214.5 Million, out of which the Latin America held the market share of around 5% of the global revenue with a market size of USD 260.73 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.6% from 2024 to 2031.
According to Cognitive Market Research, the global Chromium Salt market size was estimated at USD 5214.5 Million, out of which the Middle East and Africa held the major market share of around 2% of the global revenue with a market size of USD 104.29 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031..
Global Chromium Salt Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Chromium Salt Industry growth. Chromium Salt market has been segmented with the help of its Type Outlook:, Application Outlook: End-Use Outlook:, and others. Chromium Salt market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Chromium Salt Market?
According to Cognitive Market Research, Chromium III salts dominate the Chromium Salt Market due to their widespread use in various industrial applications, particularly in leather tanning, pigments, and coatings. Chromium III salts, such as chromium sulfate and chromium chloride, are highly valued for their stability, non-toxicity, and ability to enhance the quality and durability of products. The leather industry, in particular, relies on Chromium III salts for tanning leather, while the pigment industry uses them for producing vibrant, long-lasting colors.
Chromium VI salts are the fastest-growing segment in the Chromium Salt Market, driven by their crucial role in the production of industrial chemicals, pigments, and metal plating. These salts, including sodium dichromate, are in high demand for their effectiveness in a range of applications, such as corrosion-resistant coatings and chrome plating. While their toxicity has raised environmental concerns, the increasing need for high-performance materials in automotive, aerospace, and manufacturing industries is fueling the growth of Chromium VI salts.
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According to Cognitive Market Research, the tanning segment is the dominant application in the Chromium Salt Market, primarily driven by the widespread use of chromium salts in leather tanning. Chromium salts, especially Chromium III salts like chromium sulfate, are essential for producing high-quality, durable leather products used in a wide range of industries, including automotive, fashion, and furniture. The demand for leather goods in emerging markets and the growing preference for durable, high-performance materials contribute significantly to the dominance of the tanning application.
The dyes and pigments segment is the fastest-growing application in the Chromium Salt Market. Chromium salts are essential for creating vibrant, long-lasting pigments used in paints, coatings, textiles, and plastics. With the expanding demand for high-quality, durable coatings in industries such as automotive, construction, and consumer goods, the use of chromium salts for pigments continues to rise.
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According to Cognitive Market Research, The leather segment is the dominant end-use application in the Chromium Salt Market, driven by the essential role of chromium salts in leather tanning. Chromium salts, especially chromium(III) compounds like chromium sulfate, are vital in producing durable, flexible, and high-quality leather products. This is particularly important in industries such as automotive, fashion, and furniture, where leather goods are in high demand.
The automobile industry represents the fastest-growing end-use segment for chromium salts, primarily due to their role in manufacturing durable and corrosion-resistant coatings. Chromium salts are crucial in producing chrome-plated parts, which are widely used for both aesthetic and functional purposes in automotive components. With the growing demand for high-performance, long-lasting vehicles, particularly in emerging markets, the automobile sector’s need for chromium-based products continues to rise.
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Conclusion
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Type Outlook: | Chromium O Salts, Chromium I Salts, Chromium II Salts, Chromium III Salts, Chromium IV Salts, Chromium V Salts, Chromium VI Salts |
Application Outlook: | Metallurgy, Dyes & Pigments, Wood Production, Preservatives, Tanning, Refractory Materials |
End-Use Outlook: | Textile, Automobile, Leather Paints, Aerospace, Steel, Tool Manufacture |
List of Competitors | MerckMillipore, Sigma Aldrich, Otsuka Chemical Co Ltd, Loba Chemie, Thermo Fisher Scientific, Lenntech, Arkema SA, Bann Química, Behn Meyer, Chemtura Corporation, Solutia Incorporated, Emerald Performance Materials, Eastman Chemicals Co |
This chapter will help you gain GLOBAL Market Analysis of Chromium Salt. Further deep in this chapter, you will be able to review Global Chromium Salt Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
This chapter will help you gain North America Market Analysis of Chromium Salt. Further deep in this chapter, you will be able to review North America Chromium Salt Market Split by various segments and Country Split.
Chapter 2 North America Market Analysis
This chapter will help you gain Europe Market Analysis of Chromium Salt. Further deep in this chapter, you will be able to review Europe Chromium Salt Market Split by various segments and Country Split.
Chapter 3 Europe Market Analysis
This chapter will help you gain Asia Pacific Market Analysis of Chromium Salt. Further deep in this chapter, you will be able to review Asia Pacific Chromium Salt Market Split by various segments and Country Split.
Chapter 4 Asia Pacific Market Analysis
This chapter will help you gain South America Market Analysis of Chromium Salt. Further deep in this chapter, you will be able to review South America Chromium Salt Market Split by various segments and Country Split.
Chapter 5 South America Market Analysis
This chapter will help you gain Middle East and Africa Market Analysis of Chromium Salt. Further deep in this chapter, you will be able to review Middle East and Africa Chromium Salt Market Split by various segments and Country Split.
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
This chapter provides an in-depth analysis of the market share among key competitors of Chromium Salt. The analysis highlights each competitor's position in the market, growth trends, and financial performance, offering insights into competitive dynamics, and emerging players.
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
This chapter would comprehensively cover market drivers, trends, restraints, opportunities, and various in-depth analyses like industrial chain, PESTEL, Porter’s Five Forces, and ESG, among others. It would also include product life cycle, technological advancements, and patent insights.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Outlook: Analysis 2019 -2031, will provide market size split by Type Outlook:. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Outlook: Analysis 2021 - 2033
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Chapter 11 Market Split by Application Outlook: Analysis 2021 - 2033
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Chapter 12 Market Split by End-Use Outlook: Analysis 2021 - 2033
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Chromium Salt market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Chromium O Salts have a significant impact on Chromium Salt market? |
What are the key factors affecting the Chromium O Salts and Chromium I Salts of Chromium Salt Market? |
What is the CAGR/Growth Rate of Metallurgy during the forecast period? |
By type, which segment accounted for largest share of the global Chromium Salt Market? |
Which region is expected to dominate the global Chromium Salt Market within the forecast period? |
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