Chromium Oxide Market to Register a CAGR of 4.6% till 2026; Rising Construction

Posted by Rushikesh Pise on January 10th, 2020

According to the Fortune Business Insights report, titled “Chromium Oxide Market Size, Share & Industry Analysis, By Type (Pigment Grade, Metallurgical Grade, Refractory Grade, Chemical Grade), By Application (Paints & Coatings, Ceramic, Metallurgy, Rubber, Others), and Regional Forecast, 2019-2026”, the value of the market stood at USD 492.4 million in 2018. Besides this, the report also provides an in-depth evaluation and analysis of the different dynamics and aspects that will influence the development of the market during the forecast period.

Browse Report Summary:

 https://www.fortunebusinessinsights.com/industry-reports/chromium-oxide-market-101579

The global chromium oxide market is set to touch USD 703.3 million by 2026, exhibiting a 4.6% CAGR during the forecast period. Rising steel production will be the key factor driving the chromium oxide market growth during the forecast period. Steel production is one of the core economic activities for any country and steel is extensively used in a variety of industries such as automotive and construction. Economic development across the globe have further raised the demand for steel, leading to a constant rise in its production.

 

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Rushikesh Pise

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Rushikesh Pise
Joined: November 4th, 2019
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