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PDF Chromium Phosphate Market .pdf


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Chromium Phosphate Market Analysis Report, Share, Growth,
Trend, and Forecast, 2024: Global Market Insights Inc.
The research report “Chromium Phosphate Market size, Industry Analysis Report,
Regional Outlook (U.S., Canada, UK, Germany, Italy, Spain, France, China, India,
Japan, Australia, Brazil, Argentina, Mexico, South Africa, Saudi Arabia, UAE, Egypt),
Application Development Potential, Price Trends, Competitive Market Share &
Forecast, 2017 – 2024”, Chromium Phosphate Market size may witness significant gains as
it is mainly used in paints & coatings industry for corrosion and architectural protection and
medical sector.

It is also known as orthophosphate of chromium salt or phosphoric acid which is
insoluble in water. It is used as an additive in anti-corrosive pigments, drugs, polymer,
and catalysts manufacture.
Key raw materials used for the manufacturing process includes ethanol, ammonium
dichromate, orthophosphoric acid, and chromium trioxide. It is highly toxic in nature
and if exposed directly may cause respiratory, eye and skin irritation.

Chromium phosphate has wide application usage in polymer industry as is used as laminated
structure to dampen motor noise and vibration. In addition, it is used as catalysts in the
dehydration of alcohols to ethers.
Increase in application scope in architectural coatings may drive chromium phosphate market
size. The industry is mainly driven by rise in developments of construction sector along with
exotic coatings demand. Rise in environmental awareness has led to product innovations to
provide quality products in coating industry which are high quality, and affordable. Architectural
coatings are widely used in wall paintings, sculptures, furniture, and wood flooring. Increase
in environmental concerns and health hazards has led to rise in strict regulations by EPA,
thereby driving industry growth. Strict government guidelines by REACH has led to the
development of water based and eco-friendly architectural coatings.
Rise in corrosion inhibitors sector may have a positive impact over the foreseeable period.
Chromium phosphate based coatings provide excellent corrosion protection on aluminium and
provides adhesion. Global corrosion inhibitors market size was valued at over 6 billion in 2016
due to robust growth construction industry. It extends equipment life, preserve cosmetic
appearance, prevent system shutdowns, and avoid contamination, thereby reducing
maintenance costs.
Lack of awareness regarding chromium phosphate usage in various end-use industries along
with low production capacity may constraint industry growth. Fluctuating raw material costs
may hamper industry profitability and affect chromium phosphate market price trend.
However, strong R&D spending for various industrial applications may stimulate product
demand.
Global chromium phosphate market share is highly organized with various manufacturers
catering to the industry. Key manufacturing companies operating in the industry include
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Chemos, Sigma Aldrich, Covestro, American Elements, Brenntag, Service Chemical, and
Oxkem.
Chromium phosphate market may create opportunities in automotive, aluminium finishing,
aerospace, and heavy equipment industries in the near future.

About Global Market Insights

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market
research and consulting service provider; offering syndicated and custom research
reports along with growth consulting services. Our business intelligence and industry
research reports offer clients with penetrative insights and actionable market data
specially designed and presented to aid strategic decision making. These exhaustive
reports are designed via a proprietary research methodology and are available for key
industries such as chemicals, advanced materials, technology, renewable energy and
biotechnology.

Contact Us:

Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free 1-888-689-0688
Email: sales@gminsights.com
Website: https://www.gminsights.com

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