Chromium Phosphate Market - Growth, Trends, COVID-19 Impact, and Forecasts (2021 - 2026)

The Market is Segmented by Application (Paints and Coatings, Chemical Manufacturing, Medical, and Other Applications) and Geography (Asia-Pacific, North America, Europe, South America, and Middle-East and Africa).

Market Snapshot

Chromium Phosphate Market - Market Summary
Study Period: 2016 - 2026
Base Year: 2020
Fastest Growing Market: Asia Pacific
Largest Market: Asia Pacific
CAGR: <6 %

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Market Overview

The market for chromium phosphate is expected to register a CAGR of approximately 6% during the forecast period.

  • The rising number of applications for coatings and growing demand from the medical industry are driving the market growth.
  • Factors, such as associated health hazards and other restraints, are expected to hinder market growth.

Scope of the Report

The scope of the chromium phosphate market report includes:

Application
Paints and Coatings
Chemical Manufacturing
Medical
Other Applications
Geography
Asia-Pacific
China
India
Japan
South Korea
Rest of Asia-Pacific
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
France
Italy
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle-East and Africa
Saudi Arabia
South Africa
Rest of Middle-East and Africa

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Key Market Trends

Growing Demand for Coating Purposes from Architectural and Buildings Sector

  • Chromium phosphate is a chemical compound that has been increasingly used in making paints and coatings used for various architectural and building structures. The chemical majorly helps in providing corrosion resistance to paints and protects the buildings.
  • Generally, chromium phosphate has been used for the preparation of paints used on doors, windows, and other exterior applications and interiors, such as floors, wall paintings.
  • Globally, the construction sector has been witnessing decent growth in developing countries. The demand for chromium phosphate from the construction industry holds the major share, among all other applications.
  • Construction activities and favorable government measures in Asia-Pacific are likely to boost the construction activities in the region, which is further projected to boost the demand for architectural paints and coatings. This, in turn, is expected to drive the market for chromium phosphate through the years to come.
Chromium Phosphate Market Volume Share

Asia-Pacific to Dominate the Market

  • Asia-Pacific is expected to dominate the overall market, owing to the highly developed chemical and construction sectors in China, Singapore, and Japan, coupled with the continuous investments done in the region to advance the medical technology sector through the years.
  • In the recent past, chromium phosphate gained demand from the medical industry, and it is being majorly used for leukemia and haemangioma medicines.
  • Corrosion inhibitors are one of the major applications for chromium phosphate. Chromium phosphate is used for corrosion inhibitor purposes, as well as to increase the efficiency and lifetime of chemical and petrochemical manufacturing equipment.
  • According to the American Chemistry Council, Asia-Pacific holds a major chunk of the global chemical production market, and the construction industry from Asia-Pacific has been witnessing decent growth in recent years.
  • According to the Ministry of Trade and Industry, Singapore, the construction industry in Singapore witnessed significant growth in recent years. In India, the real estate sector is expected to grow to over USD 1 trillion by 2030, while contributing to around 13% of the country’s GDP by 2025.
  • This is expected to boost the demand for architectural paints and coatings, thus, augmenting the consumption of chromium phosphate for paints and coatings.
  • Continuous growth in construction activities in developing regions and increasing applications for corrosion inhibition and medical purposes are expected to drive the market for chromium phosphate in Asia-Pacific through the coming years.
Chromium Phosphate Market Regional Trends

Competitive Landscape

The chromium phosphate market is partially consolidated in nature, with few major players dominating a significant portion of the market. Some of the major companies are American Elements, Oxkem, Bayer AG, BASF (Chemetall GmbH), and Merck KGaA (Sigma-Aldrich Corporation).

Table of Contents

  1. 1. INTRODUCTION

    1. 1.1 Study Assumptions

    2. 1.2 Scope of the Study

  2. 2. RESEARCH METHODOLOGY

  3. 3. EXECUTIVE SUMMARY

  4. 4. MARKET DYNAMICS

    1. 4.1 Drivers

      1. 4.1.1 Increasing Applications for Coatings

      2. 4.1.2 Growing Demand from Medical Industry

    2. 4.2 Restraints

      1. 4.2.1 Associated Health Hazards

      2. 4.2.2 Other Restraints

    3. 4.3 Industry Value Chain Analysis

    4. 4.4 Porters Five Forces Analysis

      1. 4.4.1 Threat of New Entrants

      2. 4.4.2 Bargaining Power of Buyers

      3. 4.4.3 Bargaining Power of Suppliers

      4. 4.4.4 Threat of Substitute Products

      5. 4.4.5 Degree of Competition

  5. 5. MARKET SEGMENTATION

    1. 5.1 Application

      1. 5.1.1 Paints and Coatings

      2. 5.1.2 Chemical Manufacturing

      3. 5.1.3 Medical

      4. 5.1.4 Other Applications

    2. 5.2 Geography

      1. 5.2.1 Asia-Pacific

        1. 5.2.1.1 China

        2. 5.2.1.2 India

        3. 5.2.1.3 Japan

        4. 5.2.1.4 South Korea

        5. 5.2.1.5 Rest of Asia-Pacific

      2. 5.2.2 North America

        1. 5.2.2.1 United States

        2. 5.2.2.2 Canada

        3. 5.2.2.3 Mexico

      3. 5.2.3 Europe

        1. 5.2.3.1 Germany

        2. 5.2.3.2 United Kingdom

        3. 5.2.3.3 France

        4. 5.2.3.4 Italy

        5. 5.2.3.5 Rest of Europe

      4. 5.2.4 South America

        1. 5.2.4.1 Brazil

        2. 5.2.4.2 Argentina

        3. 5.2.4.3 Rest of South America

      5. 5.2.5 Middle-East and Africa

        1. 5.2.5.1 Saudi Arabia

        2. 5.2.5.2 South Africa

        3. 5.2.5.3 Rest of Middle-East and Africa

  6. 6. COMPETITIVE LANDSCAPE

    1. 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements

    2. 6.2 Market Share (%)/Ranking Analysis**

    3. 6.3 Strategies Adopted by Leading Players

    4. 6.4 Company Profiles

      1. 6.4.1 American Elements

      2. 6.4.2 BASF (Chemetall GmbH)

      3. 6.4.3 Bayer AG

      4. 6.4.4 Brenntag

      5. 6.4.5 Chemos

      6. 6.4.6 Hubei Jusheng Technology Co. Ltd

      7. 6.4.7 Merck KGaA (Sigma-Aldrich Corporation)

      8. 6.4.8 Nippon Chemical Industrial Co.

      9. 6.4.9 Oxkem

      10. 6.4.10 Service Chemical

    5. *List Not Exhaustive
  7. 7. MARKET OPPORTUNITIES AND FUTURE TRENDS

    1. 7.1 Growing Demand from Chemical Industry

    2. 7.2 Other Opportunities

**Subject to Availability

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Frequently Asked Questions

The Chromium Phosphate Market market is studied from 2016 - 2026.

The Chromium Phosphate Market is growing at a CAGR of <6% over the next 5 years.

Asia Pacific is growing at the highest CAGR over 2021- 2026.

Asia Pacific holds highest share in 2020.

American Elements, Oxkem, Bayer AG , BASF (Chemetall GmbH) , Merck KGaA (Sigma-Aldrich Corporation) are the major companies operating in Chromium Phosphate Market.

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