The global chromium phosphate market is expected to reach USD
96.65 million by 2020, according to a new study by Grand View Research, Inc.
Key application markets for chromium phosphate include architectural coatings,
corrosion inhibitor coatings, medical applications, and others such as catalyst
applications. Strong demand from architectural coatings and corrosion inhibitor
coatings are expected to drive chromium phosphate demand over the next six
years. Additionally, increasing R&D for chromium phosphate application
development in the field of medicine is being looked upon as a key opportunity
for this market.
Sourcing of raw materials remains the
major concern for the industry owing to increasing chromium demand for other
applications. Prices of raw materials are more likely to affect the profit
margins of chromium phosphate manufacturers, with minor price fluctuations also
having significant impact on profit margins in the industry. At present,
installed capacity for the production of chromium phosphate is very
comparatively small, which has resulted in a demand supply gap. Moreover,
manufacturing of chromium phosphate is capital intensive.
Browse full research report on Chromium Phosphate Market: https://www.grandviewresearch.com/industry-analysis/chromium-phosphate-industry
Further key findings from the study suggest:
- Global chromium phosphate market volumes were estimated at
25,672.1 tons in 2012 and are expected to reach 51,363.2 tons in 2020,
growing at a CAGR of 9.1% from 2013 to 2020
- Architectural coating applications dominated demand in 2012,
accounting for over 42% of global volumes. Chromium phosphate demand for
architectural coatings is expected to reach 21,663.5 tons by 2020
- Chromium phosphate coatings are being increasingly used in
conversion coatings to provide outstanding corrosion protection on
aluminum, as well as excellent adhesion properties under organic coatings.
Chromium phosphate market revenue for corrosion inhibitor coatings is
expected to reach USD 25.35 million by 2020, growing at a CAGR of 10.3%
from 2013 to 2020
- Medical applications are expected to be the most attractive
avenue for chromium phosphate manufacturers, with volume demand estimated
to grow at a CAGR of 10% from 2013 to 2020
- Key manufacturers and suppliers of chromium phosphate include
Chemetall Inc., AK Scientific, Inc., City Chemicals Corporation, and MP
Biomedicals, Leancare Ltd. and so on. Distribution is a key success factor
in the chromium phosphate industry. Sigma Aldrich, Chemos and Service
Chemical Incorporation are some of the leading distributors in this market
Browse
request sample of this report by Grand View Research: https://www.grandviewresearch.com/industry-analysis/chromium-phosphate-industry/request/rs1
Grand View Research has segmented the global chromium phosphate
market on the basis of application and region:
Chromium Phosp Application Outlook,
- Architectural
Coatings
- Corrosion
Inhibitor Coatings
- Medical
- Others
(Catalysts, Lasers, etc.)
Chromium Phosphate Regional Outlook,
- North
America
- Europe
- Asia
Pacific
- Rest
of the World
About
Grand View Research
Grand View Research, Inc. is a U.S.
based market research and consulting company, registered in the State of
California and headquartered in San Francisco. The company provides syndicated
research reports, customized research reports, and consulting services. To help
clients make informed business decisions, we offer market intelligence studies
ensuring relevant and fact-based research across a range of industries, from
technology to chemicals, materials and healthcare.
For
more info visit @ https://www.grandviewresearch.com
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