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Chrome metal is mainly used to produce specialty alloys, nickel, and cobalt -based alloys (super alloys) where low iron is required. Due to their unique high temperature and corrosion resistance properties, these high performance alloys are used in the most critical environments, such as aeronautic, oil & gas production, land-based turbines, and petrochemical & chemical processing.
High performance standards in critical conditions and technological advancements in the chrome metal powder industry drive the growth of the market. However, the high cost of initial capital investment is expected to hamper the market growth. The recognition of chrome metallurgy as green technology and the demand for chrome metal powder in emerging economies are expected to provide tremendous growth opportunities for the chrome metal powder market.
The report is segmented on the basis of type, application, and geography. By type the market is divided into metal chromium powder and electrolytic chromium powder. By application the market is segmented into aerospace, electronics & welding material, and alloys. Geographically, the market has been segmented into North America, Europe, Asia-Pacific, and LAMEA.
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