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 : July, 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.

The study presents a granular assessment and quantitative evaluation of:

  • Key growth factors and prominent trends
  • Size and share of key segments in overall market
  • Key challenges and winning imperatives
  • Factors shaping competitive landscape
  • Insights into how contours of market will change in coming years
  • Technological advances
  • New avenues and imminent investment pockets
  • Regulatory landscape shaping current and future strategies of companies

The region-wise assessment includes market dynamics in:

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

The study is prepared with the help of an extensive primary and secondary research. Primary research includes but not limited to interactions, interviews, surveys, and events. Opinions of policy makers and industry experts are carefully integrated into the insights to complement primary research. Volumes of secondary data gleaned through renowned paid sources, annual statements, reputed journals, and government documents offer insights into current dynamics and key evolution trajectories the market is likely to assume. The research employs various industry-wide analytics methods and well-established methodologies to ascertain the attractiveness of key segments. Further, it evaluates the lucrativeness of key regions and factors underlying their maturity. The insights notably include a detailed analysis of forces behind vendor differentiation and offers insight into investment-decision making by prominent players.

The report strives to enlighten businesses and industry stakeholders on multiple facets of the growth dynamic of the market, the key of which include answers to:

  • Which key factors will shape the competitive landscape?
  • Which trends will stimulate research and development activities in different geographies?
  • Which are the lucrative growth areas and what is the size of potential they are likely contribute to the overall market?
  • Which disruptions in market growth are likely to come with the new business models?
  • Which are some of the recent overhauls in policies that may change the course of the market significantly?
  • Which are the geographies that will form sizable sources of new streams to new and established players alike?
  • How are top players likely to realign their strategy to counter the forces of competition?
  • Which key strategies emerging players are likely to focus on to consolidate their position?
  • Which changes in end-user preferences might affect the status quo held by the leading players?
  • Which are some of the game-changing innovations influencing the projected share and revenue of the market and its segments?

Note: Utmost care has invariably been taken to present data and arrive at statistics at all the TMR Research reports. Meanwhile, some recent developments and new industry trends may take time to be included in the reports.