Global Chromic Acid Market Growth 2023-2029

Global Chromic Acid Market Growth 2023-2029

Chromic Acid （H2CrO4）is hygroscopic and a strong oxidizer easily dissolves in water. It is widely used in industries like metal coating, wood preservation and manufacturing of magnetic tape and organic chemicals.

Chromium trioxide（CrO3） is the anhydride of chromic acid. It is a red solid piece at room temperature. It can precipitate by adding sulfuric acid in chromate or dichromate solution. Therefore it is also known as “chromic acid”. In this report, we choose the Chromium trioxide with purity ≥99% to calculate the quantity of Chromic Acid.

LPI (LP Information)' newest research report, the “Chromic Acid Industry Forecast” looks at past sales and reviews total world Chromic Acid sales in 2022, providing a comprehensive analysis by region and market sector of projected Chromic Acid sales for 2023 through 2029. With Chromic Acid sales broken down by region, market sector and sub-sector, this report provides a detailed analysis in US$ millions of the world Chromic Acid industry.

This Insight Report provides a comprehensive analysis of the global Chromic Acid landscape and highlights key trends related to product segmentation, company formation, revenue, and market share, latest development, and M&A activity. This report also analyzes the strategies of leading global companies with a focus on Chromic Acid portfolios and capabilities, market entry strategies, market positions, and geographic footprints, to better understand these firms' unique position in an accelerating global Chromic Acid market.

This Insight Report evaluates the key market trends, drivers, and affecting factors shaping the global outlook for Chromic Acid and breaks down the forecast by type, by application, geography, and market size to highlight emerging pockets of opportunity. With a transparent methodology based on hundreds of bottom-up qualitative and quantitative market inputs, this study forecast offers a highly nuanced view of the current state and future trajectory in the global Chromic Acid.

The global Chromic Acid market size is projected to grow from US$ 696.2 million in 2022 to US$ 919 million in 2029; it is expected to grow at a CAGR of 919 from 2023 to 2029.

China is the largest Chromic Acid market with about 50% market share. Europe is follower, accounting for about 25% market share.

The key players are LANXESS South Africa, Soda Sanayii, Elementis, MidUral Group, Novotroitsk Plant of Chromium Compounds, Hunter Chemical, Atotech Deutschland, Vishnu Chemicals, Chongqing Minfeng Chemical, Sichuan Yinhe Chemical, Huangshi Zhenhua Chemical, etc.

This report presents a comprehensive overview, market shares, and growth opportunities of Chromic Acid market by product type, application, key manufacturers and key regions and countries.

Market Segmentation:

Segmentation by type

Excellent Grade

First Grade

Qualified

Segmentation by application

Wood Preservation

Metal Planting

Others

This report also splits the market by region:

Americas

United States

Canada

Mexico

Brazil

APAC

China

Japan

Korea

Southeast Asia

India

Australia

Europe

Germany

France

UK

Italy

Russia

Middle East & Africa

Egypt

South Africa

Israel

Turkey

GCC Countries

The below companies that are profiled have been selected based on inputs gathered from primary experts and analyzing the company's coverage, product portfolio, its market penetration.

LANXESS South Africa

Soda Sanayii

Elementis

MidUral Group

Novotroitsk Plant of Chromium Compounds

Hunter Chemical

Atotech Deutschland

Vishnu Chemicals

Chongqing Minfeng Chemical

Sichuan Yinhe Chemical

Huangshi Zhenhua Chemical

Key Questions Addressed in this Report

What is the 10-year outlook for the global Chromic Acid market?

What factors are driving Chromic Acid market growth, globally and by region?

Which technologies are poised for the fastest growth by market and region?

How do Chromic Acid market opportunities vary by end market size?

How does Chromic Acid break out type, application?

What are the influences of COVID-19 and Russia-Ukraine war?

Please note: The report will take approximately 2 business days to prepare and deliver.