Chromium Phosphate Market to Grow by USD 37.32 Mn from 2022 to 2026, Driven by Growing Automotive Industry in APAC

NEW YORK, Oct. 9, 2022 /PRNewswire/ — The “Chromium Phosphate Market by Application (Architectural purposes, Corrosion protection, Medical, and Others) and Geography (APAC, Europe, North America, South America, and Middle East and Africa) – Forecast and Analysis 2022-2026” report has been added to Technavio’s offering. With ISO 9001:2015 certification, Technavio is proudly partnering with more than 100 Fortune 500 companies for over 16 years. The potential growth difference for the industrial planetary mixers market between 2021 and 2026 is USD 37.32 million. 47% of the market’s growth will originate from APAC during the forecast period. To get the exact yearly growth variance and the Y-O-Y growth rate, Download Sample Report.

Technavio has announced its latest market research report titled Global Chromium Phosphate Market 2022-2026

Chromium Phosphate Market Segmentation

APAC will account for 47% of market growth. The chromium phosphate market in APAC is primarily dominated by China, Japan, and India. This region’s market will expand more quickly than those in other areas. The growing production of automobiles and related components will facilitate the chromium phosphate market growth in APAC over the forecast period. To know about additional segments. Buy our Sample Report.

Chromium Phosphate Market Vendors

Product Insights and News

American Elements – Under the segment, the company operates offers Yard signs and window decals, Motion detectors, Digital panels, Entryway contacts, and more.
CHEMOS GmbH and Co. KG – The company offers home security cameras namely Arlo Pro 3 Floodlight Camera, doorbell cameras, and Arlo security cameras.
Oxkem Ltd. – The company offers home security cameras named Next Gen wireless camera with LED lights, wireless camera that detects motions, AI-based solutions, and Guard protection.

View our sample report for additional insights into vendor offerings.

Key Market Dynamics:

Market Driver – The growing automotive industry in APAC is one of the key drivers supporting the chromium phosphate market growth. Factors such as rapid industrialization and rising disposable income have improved the standard of living and increased the demand for automobiles in APAC. Moreover, industrial chromium phosphate coatings offer superior weather resistance and enhance the appearance of automobiles. Therefore, the thriving automotive industry in APAC has accelerated the consumption of chromium phosphate-induced industrial coatings and rendered the region a leading geographical segment in the market.
Market Challenges – The increasing stringency of regulations related to chromium phosphate-based coating is one of the factors impeding the chromium phosphate market growth. Chromium phosphate is considered a volatile chemical that is hazardous to the environment. In the last few years, the Occupational Safety and Health Administration (OSHA) has improvised regulations regarding the use of solvent-based coatings. These regulations are related to VOC and HAP emissions, storage and flammability concerns, and employee health. Compliance with these regulations has increased the costs associated with the purchase and use of solvent-based industrial coatings posing a serious challenge to the growth of the market during the forecast period.

To learn about additional key drivers, trends, and challenges available with Technavio. Read our Sample Report right now!

Specialty Chemicals Market By End-user and Geography – Forecast and Analysis 2022-2026

Chromium Phosphate Market Scope
Report Coverage	Details
Page number	120
Base year	2021
Forecast period	2022-2026
Growth momentum & CAGR	Accelerate at a CAGR of 7.1%
Market growth 2022-2026	USD 37.32 million
Market structure	Fragmented
YoY growth (%)	6.0
Regional analysis	APAC, Europe, North America, South America, and Middle East and Africa
Performing market contribution	APAC at 47%
Key consumer countries	US, China, Japan, India, and UK
Competitive landscape	Leading companies, competitive strategies, consumer engagement scope
Companies profiled	American Elements, BASF SE, CHEMOS GmbH and Co. KG, Merck KGaA, Nippon Chemical Industrial Co. Ltd., Oxkem Ltd, and Shanghai Danfan Network Science and Technology Co Ltd
Market Dynamics	Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and future consumer dynamics, and market condition analysis for the forecast period.
Customization purview	If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized.

Table of Contents:

1 Executive Summary

2 Market Landscape

3 Market Sizing

4 Five Forces Analysis

5 Market Segmentation by Application

6 Customer Landscape

7 Geographic Landscape

8 Drivers, Challenges, and Trends

9 Vendor Landscape

10 Vendor Analysis

11 Appendix

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