Skip to main content

PMR Report- Chromium Phosphate Market Set for Expansive Growth Over Next 10 Years

Press Release   •   Feb 08, 2017 05:18 EST

Chromium phosphate is a polyatomic ionic compound which either receives or donates electrons. The compound is also termed as orthophosphate of phosphoric acid or chromium salt which is insoluble in water. Different raw materials are used for manufacturing chromium salt such as ammonium dichromate, ethanol, orthophosphoric acid, and chromium trioxide. On account of its benefits, they are used in certain applications such as production of paints for coatings applied in corrosion protection and architectural purposes, and medical applications among others.

A sample of this report is available upon request @ www.persistencemarketresearch.com/samples/4284

The market for medical applications has been been gaining market share where chromium phosphates are used for treating leukemia and difficulties arising due to ailments including rheumatoid arthritis and hemophilia. Factors such as increasing demand for architectural coatings are expected to majorly drive the chromium phosphate market. Chromium phosphate based coatings are used as a paint base for exterior applications and extrusions in doors and windows. Other factors such as the growth of the corrosion inhibitor industry are expected to provide growth to the market.

Corrosion inhibitors have been witnessing significant adoption owing to their properties that avoid contamination, prevention of system shutdown and preserving cosmetic appearance. However, owing to growing demand for chromium phosphate in other applications, sourcing of raw materials has been a primary concern for the industry. Due to this, prices of raw materials are expected to hamper the profit margin of chromium phosphate manufactures. Increasing number of research and development (R&D) activities in the medical industry for chromium phosphate is expected to provide new opportunities for the growth of the market.Asia Pacific was the largest consumer for chromium phosphate and is expected to witness the fastest growth with the growing number of industrial activities for corrosion inhibitors and construction.

Request to view Table of content @ www.persistencemarketresearch.com/toc/4284

American Elements, Bayer AG, Brenntag AG, CHEMOS GmbH, Chemetall GmbH, Oxkem, Service Chemical Inc. and Sigma-Aldrich Corporation are some of the key manufacturers for chromium phosphate dominating the market.

About Us

Persistence Market Research (PMR) is a third-platform research firm. Our research model is a unique collaboration of data analytics and market research methodology to help businesses achieve optimal performance.

To support companies in overcoming complex business challenges, we follow a multi-disciplinary approach. At PMR, we unite various data streams from multi-dimensional sources. By deploying real-time data collection, big data, and customer experience analytics, we deliver business intelligence for organizations of all sizes.

Contact Us

Persistence Market Research

305 Broadway

7th Floor, New York City, 

NY 10007, United States,

USA - Canada Toll Free: 800-961-0353

Email: sales@persistencemarketresearch.com

Web: http://www.persistencemarketresearch.com

Comments (0)

Add comment

Comment