Chromium Carbide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

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Chromium Carbide Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2017 - 2025

Status : September, 2020 | Chemical & Materials | PPT format

Report Digest


Global Chromium Carbide Market: Snapshot

Chromium carbide, otherwise called trichromium carbide is a dark grey-coloured with various concoction pieces and gem structure. Chromium carbide is corrosion free, holds its quality at higher temperature levels and is to a great degree hard making it favored added substance in metal combinations. Chromium carbide is made through exothermic response of aluminum, graphite and chromium oxide. Chromium carbide discovers applications in surface treatment, warm showering, as an added substance in cutting apparatuses, welding cathodes and covering and surfacing among others.

Chromium carbide is used in various applications. It is utilized as a wear resistant covering because of its protection from corrosion and high hardness. As it is unmanageable, it could keep up a decent purpose of wear protection yet at high temperatures. One more application resembles a grain advancement inhibitor. Once different type of carbides are realized, chromium carbide is used as an added substance to help avoids unnecessary grain development and betters the roughness of the carbide. In welding terminals, chromium carbide is favored over carbon contain cathodes as they give predominant outcomes. Additionally, chromium carbide offers spot protection from the surfaces. In some applications, chromium carbide is utilized alongside nickel to frame nickel chrome metal lattice which is utilized as a part of security of aluminum parts and other apparatus.

The swift advances in infrastructure and major mechanical exercises in the mining, energy, steel, and bond divisions across the globe is foreseen to fuel demand for particular modern equipment requiring chromium carbide as a raw material, and in this way drive the chromium carbide market.

Global Chromium Carbide Market: Overview

Chromium carbide is a ceramic compound which is found in various compositions. In ideal conditions it exists as a grey colored solid material. It is a corrosion resistant compound, with a very hard texture. The compound sustains it strength even in the extreme conditions such as high temperatures. This makes it a perfect additive to make metal alloys. The global chromium carbide market is expected to grow with a steady single digit CAGR vis-à-vis value within the forecast period from 2017 to 2025.

On the basis of application, the global market is divided into welding electrodes, cutting tools, and wear and corrosion resistant coatings. Among these, the welding electrode segment is anticipated to lead the global market in forthcoming years. On the basis of end-use industry, the global market is segregated into mining, energy, steel, glass, cement, pulp and paper, and others. Out of these, the mining segment is foreseen to turn up as one of the most profitable sectors.

Global Chromium Carbide Market: Trends and Opportunities

Chromium carbide is used in various applications. Owing to its resistance to corrosion and extreme hardness, it is use as wear resistant coating. Due to its refractory nature, it can be wear resistant even at high temperatures. With more types of carbides taken in, chromium carbide is used as an added substance to help prevent unnecessary grain development to betters the hardness of the carbide.

Chromium carbide is experiencing surging applications in energy, construction, and the mining industry all over the world, especially in China and the other developing countries in Asia Pacific and South East Asia. Chromium carbide in the mining industry, for example, is used in making chromium carbide overlay plates which find application in dragline buckets, truck beds, shovel buckets and excavator liners, dozer blades, and hoppers. In addition, chromium carbide also finds usage in making cutting tools and tubular hard-facing electrodes used for mining aluminum, coal, zinc ore, and minerals.

Global Chromium Carbide Market: Regional Analysis

Geographically, China is anticipated to sustain its leading position in the consumption of both chromium carbide and steel, in the steel industry. The development of infrastructure and other important industrial activities in the energy, cement, mining, and steel sectors in the nation is expected to boost the demand for particular industrial equipment which require chromium carbide as the raw material. This is predicted to fillip its demand.

Global Chromium Carbide Market: Competitive Landscape

OC Oerlikon Corporation AG, H.C. Starck GmbH, Pfäffikon,Sigma-Aldrich Co. LLC., Strem Chemicals, Inc., Praxair S.T. Technology, Inc., Alfa Aesar, Reade International Corp., ZhuZhou GuangYuan Cemented Material Co., Ltd, Changsha Langfeng Metallic Material Co.,Ltd., NewMet Ltd., ESPICorp Inc., LTS Research Laboratories, Inc., Inframat Corporation, Nanoshel LLC, and American Elements are some of the leading players in global chromium carbide market.

This study provides a particularized anatomy according to the L.E.A.P mechanism

  • Latest trends and cardinal growth prospects
  • Existing and future insights in growth
  • Ascensions in technology
  • Pain points

The regional analysis offers market assays across:

  • North America
  • Asia Pacific
  • Europe
  • Latin America
  • The Middle East and Africa

The study, prepared through the L.E.A.P mechanism adds a dimension of infallibility and assures precise information on all the growth dynamics.

Latest Trends and Cardinal Growth Prospects

The study assists in burnishing the knowledge of the stakeholder in terms of the emerging trends. The study provides an expansive coverage on the latest developments and novel profit-yielding sources that augur well with the market. A dedicated and determined team of experts conduct an out-and-out research on diverse aspects to offer ultimate breakthroughs in the market.

Existing and Future Insights in Growth

The interfusion of ubiquitous primary and secondary research through modern tools invites perfection and accuracy in every aspect. Primary research is circumspectly conducted through exhaustive interactions and interviews of experts. These valuable opinions are then neatly inducted in the report to allow the stakeholder for reaping the benefits. A treasure of secondary data is extracted via famed paid sources, yearly estimates and statements, renowned journals, and government documents. These sources assist in creating a robust database comprising existing and subsequent growth dynamics.

Ascensions in Technology

Diverse technological advancements and cutting-edge innovations in the market have been covered in this study to assist the stakeholder in research and development activities. Recent upgrades have also been added in the study, thus helping the stakeholder to paint the strokes of growth on the canvas of the market.

Pain Points

The study presents a plethora of challenges and obstacles that can hinder the growth of the market to allow the stakeholder to prepare their strategies accordingly.

The world ushered in the new decade with the shadow of the COVID-19 pandemic. The outbreak has damaged the growth prospects of several businesses and has crippled the entire economy. The study is in tandem with the changing dynamics of the market due to the SARS-CoV-2 outbreak. The study focuses on the coronavirus pandemic and analyses every aspect that impacts the growth positively or negatively.

An aerial perspective of the regions covered in this study enables the stakeholder to design strategies accordingly. The 360-degree assessment of every aspect associated with growth offers information on a rainbow of growth opportunities available across the market.

The exhaustive study motivates the stakeholder to take the 'LEAP' of faith and achieve success!

This report is the key to questions such as:

What are the prominent factors that will help in reshaping the market growth?

Which trends have the potential to bring expansive growth for the market?

What are the necessary strategies to overcome the ill-effects of the COVID-19 pandemic?

Which regions will emerge as champion growth contributors for the market?

Which aspects will serve as game-changers for the market?

What are the latest innovations in the market?

Which factors will hinder the growth of the market?