The expected size of the global chromium oxide green market before 2024 is 1 million US dollars, which, although not significant, is sufficient to demonstrate the market’s initial start-up and development potential.
Nonetheless, with the relentless technological progress and the powerful impetus of market demand, it is anticipated that this market will experience significant growth in the forthcoming years. It is expected that by 2029, the value of the global chromium oxide market will soar to $740.3 million, showing an explosive growth trend.
The predicted CAGR for the chromium oxide industry during the forecast period from 2022 to 2029 is 4.5%; this indicates that the annual market growth rate will remain relatively stable, indicating that the market development has entered a phase of stable expansion. The ongoing growth trend indicates that the chromium oxide market will retain strong growth momentum in the upcoming years. The ongoing growth trajectory suggests that the chromium oxide market will retain strong growth momentum in the upcoming years.
As of 2024, the global green market for chromium oxide is estimated to be $1 million. It is expected that the value of the chromium oxide market will reach $740.3 million by 2029, with a CAGR of 4.5% for the chromium oxide industry during the forecast period of 2022-2029
According to the evaluation, this compound is widely popular in applications such as paint and coatings, metallurgy, ceramics, and rubber. Chromium green compounds may be subject to traction due to their wear, abrasion, and chemical resistance. It is worth mentioning that the surge in wine consumption will become a catalyst for strong industry growth.
Pigments and coatings
Chromium oxide is widely used in the pigment and coating industries due to its unique green color tone. It has excellent light, heat, and chemical corrosion resistance, allowing the pigments and coatings made from it to maintain stable color performance under various environmental conditions.
Ceramic and glass manufacturing
In the manufacturing process of ceramics and glass, chromium oxide is often used as a coloring agent or additive to produce products with specific colors, optical properties, and physical properties. It can give ceramics a beautiful green color and also give glass the desired refractive index.
Electronic and optical materials
Given its exceptional refractive index, minimal absorption coefficient, and consistent physicochemical properties, chromium oxide plays a crucial role in electronic and optical materials. For example, when manufacturing optical lenses, lasers, solar cells, and other devices, chromium oxide is one of the key materials needed.
Catalysts and catalyst carriers
Chromium oxide can be used as a catalyst or catalyst carrier for various chemical reaction processes, such as automotive exhaust gas treatment, industrial exhaust gas treatment, fuel cells, etc. Its catalytic performance mainly benefits from the acidity and redox ability of the surface of chromium oxide.
Jewelry and artworks
Due to its beautiful green hue, chromium oxide is also used in jewelry and art manufacturing. It can be used to decorate gemstones, make jewelry, create artwork, etc.
Chromium oxide supplier
Luoyang Tongrun Nano Technology Co. Ltd.â€‚ (TRUNNANO) Luoyang City, Henan Province, China, is a reliable and high-quality global chemical material supplier and manufacturer. It has more than 12 years of experience providing ultra-high quality chemicals and nanotechnology materials, including molybdenum Silicide, nitride powder, graphite powder, sulfide powder, and 3D printing powder. If you are looking for high-quality and cost-effective Chromium oxide, you are welcome to contact us or inquire at any time.