Global Basic Chromium Sulphate
Market Report
2024
The global Basic Chromium Sulphate Market size is USD 606.9 million in 2024. The increasing demand from the leather industry is expected to boost sales to USD 825.9070449 Million by 2031 with a Compound Annual Growth Rate (CAGR) of 4.50% from 2024 to 2031.
The base year for the calculation is 2023 and 2019 to 2023 will be historical period. The year 2024 will be estimated one while the forecasted data will be from year 2025 to 2031. When we deliver the report that time we updated report data till the purchase date.
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According to Cognitive Market Research, the global Basic Chromium Sulphate market size is USD 606.9 million in 2024. It will expand at a compound annual growth rate (CAGR) of 4.50% from 2024 to 2031.
Base Year | 2023 |
Historical Data Time Period | 2019-2023 |
Forecast Period | 2024-2031 |
Global Basic Chromium Sulphate Market Sales Revenue 2024 | $ 606.9 Million |
Global Basic Chromium Sulphate Market Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.5% |
North America Basic Chromium Sulphate Sales Revenue 2024 | $ 242.76 Million |
North America Basic Chromium Sulphate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 2.7% |
Europe Basic Chromium Sulphate Sales Revenue 2024 | $ 182.07 Million |
Europe Basic Chromium Sulphate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3% |
Asia Pacific Basic Chromium Sulphate Sales Revenue 2024 | $ 139.59 Million |
Asia Pacific Basic Chromium Sulphate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 6.5% |
South America Basic Chromium Sulphate Sales Revenue 2024 | $ 30.35 Million |
South America Basic Chromium Sulphate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 3.9% |
Middle East and Africa Basic Chromium Sulphate Sales Revenue 2024 | $ 12.14 Million |
Middle East and Africa Basic Chromium Sulphate Compound Annual Growth Rate (CAGR) for 2024 to 2031 | 4.2% |
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Market Split by Type |
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Market Split by Application |
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Market Split by Conclusion | |
List of Competitors |
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Regional Analysis |
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Country Analysis |
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Key Qualitative Information Covered |
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Basic Chromium Sulphate Market is Segmented as below. Particular segment of your interest can be provided without any additional cost. Download the Sample Pages!
The chemical compound chromium sulphate, sometimes referred to as chromic sulphate, has the formula Cr2(SO4)3. This salt of chromium (III) is made of sulfuric acid. Usually, this chemical is found either as a hydrate or in its anhydrous form. Common industrial uses for chromium sulphate include the tanning of leather, the coloring of textiles, and the use of the substance as a mordant for fabric dyeing and printing. It inhibits corrosion and catalyzes several chemical reactions. It is also utilized in the process of making chrome alum, which is a raw material for synthetic pigments and colors. The market growth is being driven by several factors such as growing R&D, and increasing demand from end-use industries such as leather, textiles and others.
The main tanning agent used in modern leather tanning is chromium sulphate. It forms stable, cross-linked compounds with the collagen fibers in the raw hide, increasing the longevity and resistance of the leather to deterioration. Additionally, leather tanned using chromium sulphate has superior physical qualities, such as suppleness, flexibility, and resistance to microbiological, water, and heat damage. Because of these characteristics, leather tanned with chromium can be used for a variety of products, such as clothing, shoes, upholstery, and car interiors. Thus, this application of chromium sulphates raises the demand in the leather industry, which in turn, drives the market growth.
Continuous research and development initiatives to improve the characteristics of chromium sulphate, boost its effectiveness in a range of applications, and reduce its environmental impact can also propel market expansion by raising the material's potential uses and industry appeal. Moreover, the adoption of safer and more sustainable tanning and dyeing techniques is being encouraged by strict rules about worker safety, environmental pollution, and the leather and textile sectors. This incentivizes producers of chromium sulphate to create eco-friendly substitutes, which may change the dynamics of the market.
The presence of alternatives is one of the main issues facing the market for basic chromium sulphate. Due to environmental concerns about chromium compounds, alternative tanning agents are being investigated. These include synthetic tanning agents and vegetable-based tanning agents. Similar to this, in the textile business, other mordants may be employed in place of chromium sulphate, particularly in areas where chromium consumption is strictly regulated.
Global supply chains were disrupted by the epidemic, which had an impact on raw material and finished product availability. Basic chromium sulphate production and distribution were hampered by mobility restrictions, lockdowns, and a decreased staff in industrial plants. In addition, businesses that primarily depend on chromium sulphate, such as the leather and textile industries, saw a drop in demand as a result of diminished consumer spending, manufacturing activity disruptions, and economic uncertainty. There was a temporary drop in demand for chromium sulphate as a result of numerous leather goods producers temporarily stopping output or operating at reduced capacity. Thus, the COVID-19 pandemic severely impacted the market growth.
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Many major players are vying for market dominance in the basic chromium sulphate market, which is characterized by a competitive landscape. These businesses compete based on things like customer service, technical innovation, pricing, distribution networks, and product quality. The competitive environment may change as a result of collaborations, investments in R&D, and mergers and acquisitions. Furthermore, alterations in customer tastes, market dynamics, and regulations may affect how competitively positioned businesses are in the basic chromium sulphate market.
Top Companies Market Share in Basic Chromium Sulphate Industry: (In no particular order of Rank)
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According to Cognitive Market Research, North America dominated the market in 2024. It accounted for around 40% of the global revenue. The area is known for placing a high priority on research and development, which fosters ongoing innovation in the synthesis and use of chromium sulphate. Businesses make investments in creating safer and more effective manufacturing procedures as well as investigating novel uses for chromium compounds.
Asia Pacific stands out as the fastest-growing region in the Basic Chromium Sulphate market. Due to the increasing demand for a wide range of industrial chemicals, the chemical industry in Asia Pacific is growing quickly. This industry relies heavily on chromium sulphate, which is utilized in catalysts, speciality chemicals, and corrosion prevention applications. In the region, chromium sulphate demand is further increased by the expansion of sectors including electronics, construction, and automobiles.
The current report Scope analyzes Basic Chromium Sulphate Market on 5 major region Split (In case you wish to acquire a specific region edition (more granular data) or any country Edition data then please write us on info@cognitivemarketresearch.com
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According to Cognitive Market Research, the global Basic Chromium Sulphate market size was estimated at USD 606.9 Million, out of which North America held the major market of more than 40% of the global revenue with a market size of USD 242.76 million in 2024 and will grow at a compound annual growth rate (CAGR) of 2.7% from 2024 to 2031.
According to Cognitive Market Research, the global Basic Chromium Sulphate market size was estimated at USD 606.9 Million out of which Europe held the market of more than 30% of the global revenue with a market size of USD 182.07 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.0% from 2024 to 2031.
According to Cognitive Market Research, the global Basic Chromium Sulphate market size was estimated at USD 606.9 Million, out of which Asia Pacific held the market of around 23% of the global revenue with a market size of USD 139.59 million in 2024 and will grow at a compound annual growth rate (CAGR) of 6.5% from 2024 to 2031.
According to Cognitive Market Research, the global Basic Chromium Sulphate market size was estimated at USD 606.9 Million out of which Latin America market of more than 5% of the global revenue with a market size of USD 30.35 million in 2024 and will grow at a compound annual growth rate (CAGR) of 3.9% from 2024 to 2031.
According to Cognitive Market Research, the global Basic Chromium Sulphate market size was estimated at USD 606.9 Million, out of which the Middle East and Africa held the major market of around 2% of the global revenue with a market size of USD 12.14 million in 2024 and will grow at a compound annual growth rate (CAGR) of 4.2% from 2024 to 2031.
Global Basic Chromium Sulphate Market Report 2024 Edition talks about crucial market insights with the help of segments and sub-segments analysis. In this section, we reveal an in-depth analysis of the key factors influencing Basic Chromium Sulphate Industry growth. Basic Chromium Sulphate market has been segmented with the help of its Type, Application , and others. Basic Chromium Sulphate market analysis helps to understand key industry segments, and their global, regional, and country-level insights. Furthermore, this analysis also provides information pertaining to segments that are going to be most lucrative in the near future and their expected growth rate and future market opportunities. The report also provides detailed insights into factors responsible for the positive or negative growth of each industry segment.
How are Segments Performing in the Global Basic Chromium Sulphate Market?
According to Cognitive Market Research, Basic Chromium Sulphate 21%-23% stands out as the dominating category. The leather tanning, textile dyeing, and chemical manufacturing industries are the main consumers of basic chromium sulphate, which has a concentration range of 21%–23%. The general health of these industries, which includes things like market trends, production levels, and consumer demand, will have an impact on revenue growth.
Basic Chromium Sulphate 24%-26% emerges as the fastest-growing category in the Basic Chromium Sulphate market. The growth for basic chromium sulfate with a concentration range of 24%-26% is influenced by industrial demand, pricing dynamics, product differentiation, market expansion strategies, regulatory compliance, sustainability initiatives, and investment in R&D.
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According to Cognitive Market Research, the dominating category is Tanning Agent. The leather industry prefers basic chromium sulphate because it can create leather that is high-quality and has attributes including softness, flexibility, and durability. Businesses that provide superior performance qualities for chromium sulphate could increase their market share and revenue growth.
The fastest-growing category in the Basic Chromium Sulphate market is Painting & Coating. Pigments such as chrome green and chrome yellow are made from chromium compounds, which include chromium sulfate. Because of their brilliant colors and ability to withstand corrosion, these pigments are frequently used in paints, varnishes, and inks. The pigment industry's demand, which is driven by variables including building activity, automobile manufacturing, and customer preferences for colored coatings, might have an impact on the basic chromium sulfate market's revenue growth.
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Senior Research Analyst at Cognitive Market Research
ResearchGate Profile: https://www.researchgate.net/profile/Kalyani-Raje
An optimistic Senior Research Analyst with years of experience in competitive assessment and business consulting. A seasoned professional and subject-matter expert (SME) in the Automobile and transportation vertical.
With a work experience of over 10+ years in the market research and strategy development. I have worked with diverse industries, including FMCG, IT, Telecom, Automotive, Electronics and many others. I also work closely with other departments such as sales, product development, and marketing to understand customer needs and preferences, and develop strategies to meet those needs.
I am committed to staying ahead in the rapidly evolving field of research and analysis. This involves regularly attending conferences, participating in webinars, and pursuing additional certifications to enhance my skill set. I played a crucial role in conducting market research and competitive analysis. I have a proven track record of distilling complex datasets into clear, concise reports that have guided key business initiatives. Collaborating closely with multidisciplinary teams, I contributed to the development of innovative solutions grounded in thorough research and analysis.
Please note, we have not disclose, all the sources consulted/referred during a market study due to confidentiality and paid service concern. However, rest assured that upon purchasing the service or paid report version, we will release the comprehensive list of sources along with the complete report and we also provide the data support where you can intract with the team of analysts who worked on the report.
The chemical compound chromium sulphate, sometimes referred to as chromic sulphate, has the formula Cr2(SO4)3. This salt of chromium (III) is made of sulfuric acid.
Disclaimer:
Type | Basic Chromium Sulphate 21%-23%, Basic Chromium Sulphate 24%-26% |
Application | Tanning Agent, Dyeing, Painting & Coating |
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List of Competitors | Sisecam, Ferro, MidUral Group, Brother Enterprises, Vishnu Chemicals, Voelpker, Novochrom, Stahl, Diachrome Chemicals, Sichuan Yinhe Chemical, Hubei Zhenhua Chemical, Haining Peace Chemical |
This chapter will help you gain GLOBAL Market Analysis of Basic Chromium Sulphate. Further deep in this chapter, you will be able to review Global Basic Chromium Sulphate Market Split by various segments and Geographical Split.
Chapter 1 Global Market Analysis
Global Market has been segmented on the basis 5 major regions such as North America, Europe, Asia-Pacific, Middle East & Africa, and Latin America.
You can purchase only the Executive Summary of Global Market (2019 vs 2024 vs 2031)
Global Market Dynamics, Trends, Drivers, Restraints, Opportunities, Only Pointers will be deliverable
Chapter 2 North America Market Analysis
Chapter 3 Europe Market Analysis
Chapter 4 Asia Pacific Market Analysis
Chapter 5 South America Market Analysis
Chapter 6 Middle East and Africa Market Analysis
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Chapter 7 Top 10 Countries Analysis (Only Available with Corporate User License)
Competitor's Market Share and Revenue (Subject to Data Availability for Private Players)
Chapter 8 Competitor Analysis (Subject to Data Availability (Private Players))
(Subject to Data Availability (Private Players))
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Data Subject to Availability as we consider Top competitors and their market share will be delivered.
Chapter 9 Qualitative Analysis (Subject to Data Availability)
Segmentation Type Analysis 2019 -2031, will provide market size split by Type. This Information is provided at Global Level, Regional Level and Top Countries Level The report with the segmentation perspective mentioned under this chapters will be delivered to you On Demand. So please let us know if you would like to receive this additional data as well. No additional cost will be applicable for the same.
Chapter 10 Market Split by Type Analysis 2019 -2031
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Chapter 11 Market Split by Application Analysis 2019 -2031
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Chapter 12 Market Split by Conclusion Analysis 2019 -2031
This chapter helps you understand the Key Takeaways and Analyst Point of View of the global Basic Chromium Sulphate market
Chapter 13 Research Findings
Here the analyst will summarize the content of entire report and will share his view point on the current industry scenario and how the market is expected to perform in the near future. The points shared by the analyst are based on his/her detailed in-depth understanding of the market during the course of this report study. You will be provided exclusive rights to interact with the concerned analyst for unlimited time pre purchase as well as post purchase of the report.
Why Basic Chromium Sulphate 21%-23% have a significant impact on Basic Chromium Sulphate market? |
What are the key factors affecting the Basic Chromium Sulphate 21%-23% and Basic Chromium Sulphate 24%-26% of Basic Chromium Sulphate Market? |
What is the CAGR/Growth Rate of Tanning Agent during the forecast period? |
By type, which segment accounted for largest share of the global Basic Chromium Sulphate Market? |
Which region is expected to dominate the global Basic Chromium Sulphate Market within the forecast period? |
Segmentation Level Customization |
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Company Level |
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Additional Data Analysis |
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Additional Quantitative Data |
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