The global chromium phosphate market is expected to grow at a CAGR of X.X% during the forecast period. The growth can be attributed to the increasing demand for corrosion protection, architectural purposes, and medical applications in various countries. Increasing the use of chromium phosphates as catalysts in industries such as steel production and oil refining will also boost the demand for chromium phosphates.
Chromium phosphate is an inorganic compound of the chemical element chromium and phosphoric acid. Chemically, it can be represented by CrPO(OH)xHO where x≤0. This water-soluble salt is commonly used as a food additive (E171), with the main purpose being to prevent corrosion or oxidation of foods made from iron and steel containers such as canned goods, beer cans, pharmaceuticals, etc.
On the basis of type, chromium phosphate is segmented into 500g, and 1000g.
Chromium phosphate 500g is a type of corrosion protection agent which contains trivalent chromium. It also has the ability to produce anti-corrosion properties such as prevention and mitigation against rusting, fouling, pitting, scaling, and eutrophication. This product is usually found in architectural coatings that are used for protecting steel or concrete structures from environmental factors like saltwater spray etc.
Chromium phosphate 1000g is also known by different names like cryptophyte, chromic acid phosphoric anhydride (CAPA), or simply chromic acid phosphorus with many applications across various industries due to its anti-corrosive properties. Chromium phosphate is a heavy-duty corrosion inhibitor that offers protection against rust and corrosion. It has been widely used in industries such as the steel industry, mining, and construction sectors to protect the metal from atmospheric exposure for industrial purposes.
On the basis of application, chromium phosphate is segmented into corrosion protection, architectural purposes, medical applications, and others.
Chromium phosphate is a compound that has found wide applications in corrosion protection and prevention of plant diseases. It is used for corrosion protection. The use of chromate coatings has been replaced with the use of phosphates due to environmental concerns about lead poisoning.
Chromium phosphate is used for architectural purposes for making reinforced concrete structures. It has a chemical composition of CrO42- and P304-. This material is also found to be hard, tough, and lightweight so it can provide high performance in the construction industry. It is a great building material that does not corrode easily. It also provides an attractive, non-reflective surface and has good resistance to atmospheric agents such as ozone or air pollution.
Chromium phosphate is used in medical applications as a coating for surgical and dental instruments. It has been found to be biocompatible, meaning it does not cause an adverse reaction when introduced into the body. Chromium phosphate prevents corrosion by forming a barrier on metal surfaces such as steel or stainless steel. This high-quality surface allows surgeons certain advantages like long-term antimicrobial protection of their tools that would otherwise have to be sterilized with extreme heat every time they were touched by human hands during surgery.
On the basis of region, the global chromium phosphate market is segmented into North America, Europe, Asia-Pacific, and the Rest of the World.
North America is expected to witness a healthy growth in demand for chromium phosphate over the forecast period owing to rising investments by key players in this region. Europe will also show positive growth as countries such as Germany and UK are investing heavily towards pollution reduction strategies with an emphasis on the heavy industry which requires corrosion protection systems that use chromium phosphates. The Middle East & Africa too would be emerging market segments where there is an increase in construction activities across various sectors including residential, commercial, and industrial areas that have been driving demand for architectural purposes.
Growth factors
The growth of the global chromium phosphate market is driven by a major increase in the construction industry, which requires corrosion protection. A growing number of innovations and advancements in the medical field also drive the demand as it has been found to be effective for the treatment of certain types of cancer (leukemia). Increasing industrialization coupled with a growing population will lead to an increased production capacity, thereby driving up the prices. The greater need for anti-corrosion coatings on bridges and buildings can boost its application significantly over time.
Up Market Research published a new report titled “Chromium Phosphate Market research report which is segmented by Types (1/500G, 1/Kg), By Applications (Corrosion Protection, Architectural Purposes, Medical, Others), By Players/Companies American Elements, Bayer, Brenntag, CHEMOS, Chemetall, Oxkem, Service Chemical, Sigma-Aldrich”.
Report Attributes | Report Details |
Report Title | Chromium Phosphate Market Research Report |
By Type | 1/500G, 1/Kg |
By Application | Corrosion Protection, Architectural Purposes, Medical, Others |
By Companies | American Elements, Bayer, Brenntag, CHEMOS, Chemetall, Oxkem, Service Chemical, Sigma-Aldrich |
Regions Covered | North America, Europe, APAC, Latin America, MEA |
Base Year | 2020 |
Historical Year | 2018 to 2019 (Data from 2010 can be provided as per availability) |
Forecast Year | 2028 |
Number of Pages | 230 |
Number of Tables & Figures | 161 |
Customization Available | Yes, the report can be customized as per your need. |
The report covers comprehensive data on emerging trends, market drivers, growth opportunities, and restraints that can change the market dynamics of the industry. It provides an in-depth analysis of the market segments which include products, applications, and competitor analysis.
The market is segmented by Type 1/500G, 1/Kg and By Application Corrosion Protection, Architectural Purposes, Medical, Others.
Some of the companies that are profiled in this report are:
Chromium Phosphate Market research report delivers a close watch on leading competitors with strategic analysis, micro and macro market trend and scenarios, pricing analysis and a holistic overview of the market situations in the forecast period. It is a professional and a detailed report focusing on primary and secondary drivers, market share, leading segments and geographical analysis. Further, key players, major collaborations, merger & acquisitions along with trending innovation and business policies are reviewed in the report.
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Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & Africa (MEA). North America region is further bifurcated into countries such as U.S., and Canada. The Europe region is further categorized into U.K., France, Germany, Italy, Spain, Russia, and Rest of Europe. Asia Pacific is further segmented into China, Japan, South Korea, India, Australia, South East Asia, and Rest of Asia Pacific. Latin America region is further segmented into Brazil, Mexico, and Rest of Latin America, and the MEA region is further divided into GCC, Turkey, South Africa, and Rest of MEA.
We have studied the Chromium Phosphate Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2028.
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