Please Wait.....
Report
Chromium Mining Market by Type (Metallurgical Chromite, Chemical and Foundry Sand Chromite, Refractory Chromite), End User (Stainless Steel, Alloy Steel), and Region 2024-2032
Market Report I 2024-01-30 I 143 Pages I IMARC Group
The global chromium mining market size reached 44.0 Million Tons in 2023. Looking forward, IMARC Group expects the market to reach 61.9 Million Tons by 2032, exhibiting a growth rate (CAGR) of 3.75% during 2024-2032. The expansion in the metallurgy industry, extensive research and development (R&D) activities and increasing government investment represent some of the key factors driving the market.
Chromium is a lustrous, hard, bluish-gray metal found naturally in rocks, animals, plants, soil, volcanic dust, and gasses. It is chiefly obtained from the mineral chromite that is carried out by surface techniques and underground mining processes. Surface techniques are usually used first to mine chromite ore. The method includes an open pit, from which the non-chromite-bearing surface materials and chromite ores are generally extracted. On the other hand, blasthole stoping techniques are commonly utilized for carrying out underground mining. Chromium is widely used to harden steel, make alloys, manufacture stainless steel, dyes, and pigments, treat cool tower water, and preserve leather and wood. It also exhibits durability, strength, toughness, corrosion, and chemical resistance to iron-steel products.
Chromium Mining Market Trends:
The increasing demand for chromium in the metallurgy industry across the globe is one of the key factors driving the market growth. The chromium mining process is widely used due to the rising demand for chromium for the production of metals, such as steel and aluminum. In line with this, the widespread process utilization for producing stainless steel, which is widely utilized in the manufacturing of cutlery, surgical tools, car exhaust systems, seatbelts, and kitchen sinks, is favoring the market growth. Additionally, the utilization of chromium for producing piston rings, shock absorbers, engine valves, and brake pistons in the automotive industry is acting as another major growth-inducing factor. Apart from this, the introduction of chromite smelting technology that requires low capital investment and offers flexibility is providing an impetus to the market growth. Moreover, the increasing chromium mining activities to obtain pigments of chromium that are widely used in paints as inhibitors for recirculating water systems, brines, and dips for brass, tin, steel, and iron, is positively influencing the market growth. Furthermore, the widespread adoption of chromium in the medical industry owing to the rising geriatric population prone to chronic diseases and serious health conditions is driving the market growth. Chromium is widely used for manufacturing medicines essential in regulating blood sugar levels, which is propelling the market growth. Other factors, including rising production of metals, extensive research and development (R&D) activities and increasing government investment in the metal and mining industry, are anticipated to drive the market growth.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global chromium mining market, along with forecasts at the global, regional, and country level from 2024-2032. Our report has categorized the market based on the type and end user.
Type Insights:
Metallurgical Chromite
Chemical and Foundry Sand Chromite
Refractory Chromite
The report has provided a detailed breakup and analysis of the chromium mining market based on the type. This includes metallurgical, chemical, and foundry sand and refractory chromite. According to the report, metallurgical chromite represented the largest segment.
End User Insights:
Stainless Steel
Alloy Steel
The report has provided a detailed breakup and analysis of the chromium mining market based on the end user. This includes stainless and alloy steel. According to the report, stainless steel represented the largest segment.
Regional Insights:
North America
United States
Canada
Asia Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The report has also provided a comprehensive analysis of all the major regional markets that include North America (the United States and Canada); Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others); Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others); Latin America (Brazil, Mexico, and others); and the Middle East and Africa. According to the report, Asia Pacific was the largest market for chromium mining. Some of the factors driving the Asia Pacific chromium mining market included widespread process utilization for producing stainless steel, significant technological advancements, and extensive research and development (R&D) activities.
Competitive Landscape:
The report has also provided a comprehensive analysis of the competitive landscape in the global chromium mining market. Detailed profiles of all major companies have also been provided. Some of the companies covered include Afarak Group SE, Assore Limited, Glencore plc, KWG Resources Inc, Outokompu Oyj, Samancore Chrome, Yilmaden, etc.
Key Questions Answered in This Report:
How has the global chromium mining market performed so far and how will it perform in the coming years?
What are the drivers, restraints, and opportunities in the global chromium mining market?
What are the key regional markets?
Which countries represent the most attractive chromium mining markets?
What is the breakup of the market based on the type?
What is the breakup of the market based on the end user?
What is the competitive structure of the global chromium mining market?
Who are the key players/companies in the global chromium mining market?
1 Preface
2 Scope and Methodology
2.1 Objectives of the Study
2.2 Stakeholders
2.3 Data Sources
2.3.1 Primary Sources
2.3.2 Secondary Sources
2.4 Market Estimation
2.4.1 Bottom-Up Approach
2.4.2 Top-Down Approach
2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
4.1 Overview
4.2 Key Industry Trends
5 Global Chromium Mining Market
5.1 Market Overview
5.2 Market Performance
5.3 Impact of COVID-19
5.4 Market Forecast
6 Market Breakup by Type
6.1 Metallurgical Chromite
6.1.1 Market Trends
6.1.2 Market Forecast
6.2 Chemical and Foundry Sand Chromite
6.2.1 Market Trends
6.2.2 Market Forecast
6.3 Refractory Chromite
6.3.1 Market Trends
6.3.2 Market Forecast
7 Market Breakup by End User
7.1 Stainless Steel
7.1.1 Market Trends
7.1.2 Market Forecast
7.2 Alloy Steel
7.2.1 Market Trends
7.2.2 Market Forecast
8 Market Breakup by Region
8.1 North America
8.1.1 United States
8.1.1.1 Market Trends
8.1.1.2 Market Forecast
8.1.2 Canada
8.1.2.1 Market Trends
8.1.2.2 Market Forecast
8.2 Asia-Pacific
8.2.1 China
8.2.1.1 Market Trends
8.2.1.2 Market Forecast
8.2.2 Japan
8.2.2.1 Market Trends
8.2.2.2 Market Forecast
8.2.3 India
8.2.3.1 Market Trends
8.2.3.2 Market Forecast
8.2.4 South Korea
8.2.4.1 Market Trends
8.2.4.2 Market Forecast
8.2.5 Australia
8.2.5.1 Market Trends
8.2.5.2 Market Forecast
8.2.6 Indonesia
8.2.6.1 Market Trends
8.2.6.2 Market Forecast
8.2.7 Others
8.2.7.1 Market Trends
8.2.7.2 Market Forecast
8.3 Europe
8.3.1 Germany
8.3.1.1 Market Trends
8.3.1.2 Market Forecast
8.3.2 France
8.3.2.1 Market Trends
8.3.2.2 Market Forecast
8.3.3 United Kingdom
8.3.3.1 Market Trends
8.3.3.2 Market Forecast
8.3.4 Italy
8.3.4.1 Market Trends
8.3.4.2 Market Forecast
8.3.5 Spain
8.3.5.1 Market Trends
8.3.5.2 Market Forecast
8.3.6 Russia
8.3.6.1 Market Trends
8.3.6.2 Market Forecast
8.3.7 Others
8.3.7.1 Market Trends
8.3.7.2 Market Forecast
8.4 Latin America
8.4.1 Brazil
8.4.1.1 Market Trends
8.4.1.2 Market Forecast
8.4.2 Mexico
8.4.2.1 Market Trends
8.4.2.2 Market Forecast
8.4.3 Others
8.4.3.1 Market Trends
8.4.3.2 Market Forecast
8.5 Middle East and Africa
8.5.1 Market Trends
8.5.2 Market Breakup by Country
8.5.3 Market Forecast
9 Drivers, Restraints, and Opportunities
9.1 Overview
9.2 Drivers
9.3 Restraints
9.4 Opportunities
10 Value Chain Analysis
11 Porters Five Forces Analysis
11.1 Overview
11.2 Bargaining Power of Buyers
11.3 Bargaining Power of Suppliers
11.4 Degree of Competition
11.5 Threat of New Entrants
11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
13.1 Market Structure
13.2 Key Players
13.3 Profiles of Key Players
13.3.1 Afarak Group SE
13.3.1.1 Company Overview
13.3.1.2 Product Portfolio
13.3.2 Assore Limited
13.3.2.1 Company Overview
13.3.2.2 Product Portfolio
13.3.3 Glencore plc
13.3.3.1 Company Overview
13.3.3.2 Product Portfolio
13.3.4 KWG Resources Inc
13.3.4.1 Company Overview
13.3.4.2 Product Portfolio
13.3.5 Outokompu Oyj
13.3.5.1 Company Overview
13.3.5.2 Product Portfolio
13.3.5.3 Financials
13.3.5.4 SWOT Analysis
13.3.6 Samancore Chrome
13.3.6.1 Company Overview
13.3.6.2 Product Portfolio
13.3.7 Yilmaden
13.3.7.1 Company Overview
13.3.7.2 Product Portfolio
Figure 1: Global: Chromium Mining Market: Major Drivers and Challenges
Figure 2: Global: Chromium Mining Market: Volume Trends (in Million Tons), 2018-2023
Figure 3: Global: Chromium Mining Market Forecast: Volume Trends (in Million Tons), 2024-2032
Figure 4: Global: Chromium Mining Market: Sales Value (in Million US$), 2018-2023
Figure 5: Global: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 6: Global: Chromium Mining Market: Breakup by Type (in %), 2023
Figure 7: Global: Chromium Mining Market: Breakup by End User (in %), 2023
Figure 8: Global: Chromium Mining Market: Breakup by Region (in %), 2023
Figure 9: Global: Chromium Mining (Metallurgical Chromite) Market: Sales Value (in Million US$), 2018 & 2023
Figure 10: Global: Chromium Mining (Metallurgical Chromite) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 11: Global: Chromium Mining (Chemical and Foundry Sand Chromite) Market: Sales Value (in Million US$), 2018 & 2023
Figure 12: Global: Chromium Mining (Chemical and Foundry Sand Chromite) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 13: Global: Chromium Mining (Refractory Chromite) Market: Sales Value (in Million US$), 2018 & 2023
Figure 14: Global: Chromium Mining (Refractory Chromite) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 15: Global: Chromium Mining (Stainless Steel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 16: Global: Chromium Mining (Stainless Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 17: Global: Chromium Mining (Alloy Steel) Market: Sales Value (in Million US$), 2018 & 2023
Figure 18: Global: Chromium Mining (Alloy Steel) Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 19: North America: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 20: North America: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 21: United States: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 22: United States: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 23: Canada: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 24: Canada: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 25: Asia-Pacific: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 26: Asia-Pacific: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 27: China: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 28: China: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 29: Japan: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 30: Japan: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 31: India: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 32: India: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 33: South Korea: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 34: South Korea: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 35: Australia: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 36: Australia: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 37: Indonesia: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 38: Indonesia: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 39: Others: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 40: Others: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 41: Europe: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 42: Europe: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 43: Germany: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 44: Germany: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 45: France: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 46: France: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 47: United Kingdom: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 48: United Kingdom: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 49: Italy: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 50: Italy: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 51: Spain: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 52: Spain: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 53: Russia: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 54: Russia: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 55: Others: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 56: Others: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 57: Latin America: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 58: Latin America: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 59: Brazil: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 60: Brazil: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 61: Mexico: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 62: Mexico: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 63: Others: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 64: Others: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 65: Middle East and Africa: Chromium Mining Market: Sales Value (in Million US$), 2018 & 2023
Figure 66: Middle East and Africa: Chromium Mining Market: Breakup by Country (in %), 2023
Figure 67: Middle East and Africa: Chromium Mining Market Forecast: Sales Value (in Million US$), 2024-2032
Figure 68: Global: Chromium Mining Industry: Drivers, Restraints, and Opportunities
Figure 69: Global: Chromium Mining Industry: Value Chain Analysis
Figure 70: Global: Chromium Mining Industry: Porter's Five Forces Analysis
Table 1: Global: Chromium Mining Market: Key Industry Highlights, 2023 & 2032
Table 2: Global: Chromium Mining Market Forecast: Breakup by Type (in Million US$), 2024-2032
Table 3: Global: Chromium Mining Market Forecast: Breakup by End User (in Million US$), 2024-2032
Table 4: Global: Chromium Mining Market Forecast: Breakup by Region (in Million US$), 2024-2032
Table 5: Global: Chromium Mining Market: Competitive Structure
Table 6: Global: Chromium Mining Market: Key Players
- Not Sure / Need Reassuring
- Confirm Content
-
Content is provided by our partners and every effort is made to make Market Report details as clear as possible. If you are not sure the exact content you require is included in this study you can Contact us to double check. To do this you can:
Use the ‘? ASK A QUESTION’ below the license / prices and to the right of this box. This will come directly to our team who will work on dealing with your request as soon as possible.
Write to directly on support@scotts-international.com with details. Please include as much information as possible including the name of report or link so our staff will be able to work on you request.
Telephone us directly on 0048 603 394 346 and an experienced member of team will be on hand to answer.
-
- Sample Pages
-
With the vast majority of our partners we can obtain Sample Pages to support your decision. This is something we can arrange without revealing your personal details.
It is important to note that we will not be able to provide you the exact data or statistics such as Market Size and Forecasts. Sample pages usually confirm the layout or the Categories included in Charts and Graphs, excluding specific data.
To ask for Sample Pages by contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Check for Alternatives
-
Whilst we try to make our online platform as easy to use as possible there is always the possibility that a better alternative has not been found in your search.
To avoid this possibility Contact us through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346 and a Senior Team Member can review your requirements and send a list of possibilities with opinions and recommendations.
-
- Confirm Content
- Prices / Formats / Delivery
- Prices
-
All prices are set by our partners and should be exactly the same as those listed on their own websites. We work on a Revenue share basis ensuring that you never pay more than what is offered elsewhere.
Should you find the price cheaper on another platform we recommend you to Contact us as we should be able to match this price. You can Contact us though through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Discounts
-
As we work in close partnership with our Partners from time to time we can secure discounts and assist with negotiations, this is part of our personalised service to you.
Discounts can sometimes be arranged for speedily placed orders; multiple report purchases or Higher License purchases.
To check if a Discount is possible please Contact our experienced team through ‘? ASK A QUESTION’, support@scotts-international.com, or by telephoning 0048 603 394 346.
-
- Available Currencies
-
Most Market Reports on our platform are listed in USD or EURO based on the wishes of our Partners. To avoid currency fluctuations and potential price differentiations we do not offer the possibility to change the currency online.
Should you wish to pay in a different currency to that advertised online we do accept payments in USD, EURO, GBP and PLN. The price will be calculated based on the relevant exchange rate taken from our National Bank.
To pay in a different above currency to that advertised online please Contact our team and a quotation will be sent within a couple of hours with payment details.
-
- Licenses
-
License options vary from Partner to Partner as is usually based on the number of Users that will benefitting from the report. It is very important that License ordered is not breached as this could have potential negative consequences for you individually or your employer.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Global Site License
-
The Global Site License is the most comprehensive license available. By selecting this license, the Market Report can be shared with other ‘Allowed Users’ and any other member of staff from the same organisation regardless of geographic location.
It is important to note that this may exclude Parent Companies or Subsidiaries.
If you have questions or need confirmation about the specific license we recommend you to Contact us and a detailed explanation will be provided.
-
- Formats
-
The most common format is PDF, however in certain circumstances data may be present in Excel format or Online, especially in the case of Database or Directories. In addition, for certain higher license options a CD may also be provided.
If you have questions or need clarification about the specific formats we recommend you to Contact us and a detailed explanation will be provided.
-
- Delivery
-
Delivery is fulfilled by our partners directly. Once an order has been placed we inform the partner by sharing the delivery email details given in the order process.
Delivery is usually made within 24 hours of an order being placed, however it may take longer should your order be placed prior to the weekend or if otherwise specified on the Market Report details page. Additionally, if details have been not fully completed in the Order process a delay in delivery is possible.
If a delay in delivery is expected you will be informed about it immediately.
-
- Shipping Charges
-
As most Market Reports are delivered in PDF format we almost never have to add additional Shipping Charges. If, however you are ordering a Higher License service or a specific delivery format (e.g. CD version) charges may apply.
If you are concerned about additional Shipping Charges we recommend you to Contact us to double check.
-
- Prices
- Ordering
- By Credit Card
-
We work in Partnership with PayU to ensure payments are made securely in a fast and effortless way. PayU is the e-payments division of Naspers.
Naspers operates in over 133 International Markets and ranks 3rd Globally in terms of the number of e-commerce customers served.
For more information on PayU please visit: https://www.payu.pl/en/about-us
-
- By Money Transfer
-
If you require an invoice prior to payment, this is possible. To ensure a speedy delivery of the Market Report we require all relevant company details and you agree to maximum payment terms of 30 days from receipt of order.
With our regular clients deliver of the Market Report can be made prior to receiving payment, however in some circumstances we may ask for payment to be received before arranging for the Market Report to be delivered.
-
- By Credit Card
- Security
- Website security
-
We have specifically partnered with leading International companies to protect your privacy by using different technologies and processes to ensure security.
Everything submitted to Scotts International is encrypted via SSL (Secure Socket Layer) and all personal information provided to Scotts International is stored on computer systems with limited access in controlled environments.
-
- Credit Card Security
-
We partner with PayU (https://www.payu.pl/en/about-us) to ensure all credit card payments are made securely in a fast and effortless way.
PayU offers 250+ various payment channels and eWallet services across 4 continents allowing buyers to pay electronically, whether on a computer or a mobile device.
-
- Website security