Global Sodium Dichromate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Sodium Dichromate Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Sodium dichromate is the inorganic compound with the formula Na2Cr2O7. Usually, however, the salt is handled as its dihydrate Na2Cr2O7·2H2O. Virtually all chromium ore is processed via conversion to sodium dichromate and virtually all compounds and materials based on chromium are prepared from this salt.

Market Overview:

The latest research study on the global Sodium Dichromate market finds that the global Sodium Dichromate market reached a value of USD 987.74 million in 2022. It’s expected that the market will achieve USD 1139.91 million by 2028, exhibiting a CAGR of 2.42% during the forecast period.

Drivers

The sodium dichromate market is essentially driven by its demand from the paints and coatings market. Sodium dichromate is the intermediate chemical to produce chromium oxide pigments and other chromium pigments. Growth in building and construction has resulted in increased demand for paints and coatings which in turn influences sodium dichromate demand. This application accounts for the lion’s share of the compound by demand and is the mainstay of the market.

In developed market, they have more international companies, good channels, highly market maturity, fierce competition, a highly competent management team, technology and finance advantages, keep on innovation, prominent market participants invest heavily in R&D, with introduction of new technologies to their products, all of which make a growing market demand for Sodium Dichromate.

Region Overview:

Asia-Pacific had the highest growth rate of all regions.

Company Overview:

Elementis is one of the major players operating in the Sodium Dichromate market, holding a share of 13.42% in 2018.

Elementis is a UK listed global specialty chemicals company with operations worldwide that serve customers in North and South America, Europe and Asia Pacific in a wide range of markets and sectors.

Lanxess Aktiengesellschaft is a specialty chemicals company based in Cologne, Germany that was founded in 2004 via the spin-off of the chemicals division and parts of the polymers business from Bayer AG.

Segmentation Overview:

Among different product types, First Grade segment is anticipated to contribute the largest market share in 2027.

Application Overview:

By application, the Leather Tanning segment occupied the biggest share from 2017 to 2022.

Key Companies in the global Sodium Dichromate market covered in Chapter 3:

Chongqing Minfeng Chemical
Elementis
Vishnu Chemicals
Zhenhua Chemical
ACCP
NPCC
Sichuan Yinhe Chemical
Lanxess
Liaoning Sing Horn Group
Soda Sanayii

In Chapter 4 and Chapter 14.2, on the basis of types, the Sodium Dichromate market from 2018 to 2029 is primarily split into:

High Grade
First Grade
Accepts

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Sodium Dichromate market from 2018 to 2029 covers:

Leather Tanning
Plating
Chrome Metal
Pigments
Wood Preservation
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)