+353-1-416-8900REST OF WORLD
+44-20-3973-8888REST OF WORLD
1-917-300-0470EAST COAST U.S
1-800-526-8630U.S. (TOLL FREE)

Chromium Phosphate Market - Growth, Trends, and Forecast (2020 - 2025)

  • PDF Icon


  • 120 Pages
  • August 2020
  • Region: Global
  • Mordor Intelligence
  • ID: 5176755
UP TO OFF until Sep 30th 2023
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.

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.

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.

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).

Reasons to Purchase this report:
  • The market estimate (ME) sheet in Excel format
  • 3 months of analyst support

Table of Contents

1.1 Study Assumptions
1.2 Scope of the Study
4.1 Drivers
4.1.1 Increasing Applications for Coatings
4.1.2 Growing Demand from Medical Industry
4.2 Restraints
4.2.1 Associated Health Hazards
4.2.2 Other Restraints
4.3 Industry Value Chain Analysis
4.4 Porters Five Forces Analysis
4.4.1 Threat of New Entrants
4.4.2 Bargaining Power of Buyers
4.4.3 Bargaining Power of Suppliers
4.4.4 Threat of Substitute Products
4.4.5 Degree of Competition
5.1 Application
5.1.1 Paints and Coatings
5.1.2 Chemical Manufacturing
5.1.3 Medical
5.1.4 Other Applications
5.2 Geography
5.2.1 Asia-Pacific China India Japan South Korea Rest of Asia-Pacific
5.2.2 North America United States Canada Mexico
5.2.3 Europe Germany United Kingdom France Italy Rest of Europe
5.2.4 South America Brazil Argentina Rest of South America
5.2.5 Middle-East and Africa Saudi Arabia South Africa Rest of Middle-East and Africa
6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
6.2 Market Share (%)/Ranking Analysis**
6.3 Strategies Adopted by Leading Players
6.4 Company Profiles
6.4.1 American Elements
6.4.2 BASF (Chemetall GmbH)
6.4.3 Bayer AG
6.4.4 Brenntag
6.4.5 Chemos
6.4.6 Hubei Jusheng Technology Co. Ltd
6.4.7 Merck KGaA (Sigma-Aldrich Corporation)
6.4.8 Nippon Chemical Industrial Co.
6.4.9 Oxkem
6.4.10 Service Chemical
7.1 Growing Demand from Chemical Industry
7.2 Other Opportunities

Companies Mentioned

A selection of companies mentioned in this report includes:

  • American Elements
  • BASF (Chemetall GmbH)
  • Bayer AG
  • Brenntag
  • Chemos
  • Hubei Jusheng Technology Co. Ltd
  • Merck KGaA (Sigma-Aldrich Corporation)
  • Nippon Chemical Industrial Co.
  • Oxkem
  • Service Chemical