The global demand for Chromic Acid Market is presumed to reach the market size of nearly USD XX MN by 2028 from USD XX MN in 2021 with a CAGR of XX% under the study period 2022 - 2028.
Chromic acid is an oxidising agent and a strong acid, used for oxidizing many organic compounds such as oxidizing ketones and carboxylic acids. It is used across the manufacturing sector in production of metal coatings, plastics coatings, wood preservative, detergent, glassware cleaning, ceramic glazes, and many other application. It is also known to as Tetraoxochromic acid or Chromic (VI) acid. It can be prepared through addition of concentrated sulphuric acid (H2SO4) to a dichromate.
Market Dynamics
The market is growing due to increasing demand for coatings across automation, building and construction, and others is driving the market growth. Ongoing industrialization, resulting into newer application areas in construction sector, further fuels the market growth. Technological advancement and growth of coating industry is another factor that propel the market. Rising usage of glass in diverse end-use application is expected further to grow in upcoming years.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of chromic acid. The growth and trends of chromic acid industry provide a holistic approach to this study.
Market Segmentation
This section of the chromic acid market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- Laboratory Grade
- Industrial Grade
By Application
- Detergent
- Coating
- Glass
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Chromic Acid market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Chromic Acid Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the chromic acid market include LANXESS, Soda Sanayii, Elementis, MidUral Group, Novotroitsk Plant of Chromium Compounds (NPCC), Hunter Chemical, Atotech Deutschland GmbH, Vishnu Chemicals, Chongqing Minfeng Chemical, Sichuan Yinhe Chemical, Huangshi Zhenhua Chemical and BlueStar Yima Chrome Chemical Materials. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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