Chromium Phosphate Market by Application and Geography - Forecast and Analysis 2022-2026
| Published: Sep 2022 | Pages: 122 | SKU: IRTNTR74294 |
The chromium phosphate market share is expected to increase by USD 37.32 million from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 7.1%.
This chromium phosphate market research report provides valuable insights on the post-COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers chromium phosphate market segmentations by application (architectural purposes, corrosion protection, medical, and others) and geography (APAC, Europe, North America, South America, and Middle East and Africa). The chromium phosphate market report also offers information on several market vendors, including 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 among others.
What will the Chromium Phosphate Market Size be During the Forecast Period?
Download Report Sample to Unlock the Chromium Phosphate Market Size for the Forecast Period and Other Important Statistics
Chromium Phosphate Market: Key Drivers, Trends, and Challenges
The growing automotive industry in APAC is notably driving the chromium phosphate market growth, although factors such as increasing stringency of regulations related to chromium phosphate-based coating may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic impact on the chromium phosphate industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Chromium Phosphate Market Driver
The growing automotive industry in APAC is one of the key drivers supporting the chromium phosphate market growth. The automotive sales, including passenger cars, light commercial vehicles, heavy commercial vehicles, and buses, increased owing to increased urbanization and per capita income in the region. Factors such as rapid industrialization and rise in 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.
Key Chromium Phosphate Market Trend
The emergence of self-cleaning and self-healing coatings is one of the key chromium phosphate market trends contributing to the market growth. The manufacturers of self-cleaning and self-healing coatings across the world are increasingly investing in R&D activities to develop paints and coatings that will eliminate the need for multiple applications of coatings on vehicles. However, self-cleaning and self-healing coatings are yet to be manufactured by coating manufacturers at a large scale as the production costs associated with them are high. Therefore, the increase in the adoption of self-healing and self-cleaning coatings seems highly probable, which can propel the market growth during the forecast period.
Key Chromium Phosphate Market Challenge
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. Therefore, stringent regulations formulated by the regulatory bodies are expected to pose a serious challenge to the growth of the market during the forecast period.
This chromium phosphate market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Parent Market Analysis
Technavio categorizes the global chromium phosphate market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the chromium phosphate market during the forecast period.
Who are the Major Chromium Phosphate Market Vendors?
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
- American Elements
- BASF SE
- CHEMOS GmbH and Co. KG
- Merck KGaA
- Nippon Chemical Industrial Co. Ltd.
- Oxkem Ltd
- Shanghai Danfan Network Science and Technology Co Ltd
This statistical study of the chromium phosphate market encompasses successful business strategies deployed by the key vendors. The chromium phosphate market is fragmented and the vendors are deploying growth strategies such as price, quality, and product varieties to compete in the market.
Product Insights and News
- ADT INC. - Under the unified segment, the company operates offers Yard signs and window decals, Motion detectors, Digital panels, Entryway contacts, and more.
- ADT INC. - The company offers smart security home cameras for indoor and outdoor installation with floodlights that can detect motions by animals, people, and vehicles.
To make the most of the opportunities and recover from the post-COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The chromium phosphate market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the leading companies' production, sustainability, and prospects.
Chromium Phosphate Market Value Chain Analysis
Our report provides extensive information on the value chain analysis for the chromium phosphate market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
Which are the Key Regions for Chromium Phosphate Market?
For more insights on the market share of various regions Request PDF Sample now!
47% of the market’s growth will originate from APAC during the forecast period. China, Japan, and India are the key markets for chromium phosphate market in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The growing production of automobiles and related components will facilitate the chromium phosphate market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The regional market noticed a decline in revenue in 2020 and 2021 due to the outbreak of COVID-19. However, in 2021, successful vaccination drives across the region and increased investment inflows from various sources in the automotive sector helped resume operations across plants. Thus, APAC is exhibiting an increased demand for chromium phosphate for coating, which, in turn, will contribute to the growth of the market during the forecast period.
What are the Revenue-generating Application Segments in the Chromium Phosphate Market?
To gain further insights on the market contribution of various segments Request PDF Sample
The chromium phosphate market share growth in the architectural purposes segment will be significant during the forecast period. Chromium phosphate has applications for architectural purposes, including pretreatment coating and architectural metal finishing. Chrome phosphate pretreatment is a conversion coating used to modify the chemical composition of the treated object's surface. It acts as a primer and inhibits corrosion on the surface, extending the life and duration of the coat. Such factors will boost segment growth in the near future.
This report provides an accurate prediction of the contribution of all the segments to the growth of the chromium phosphate market size and actionable market insights on the post-COVID-19 impact on each segment.
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Chromium Phosphate Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 7.1% |
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Market growth 2022-2026 |
$37.32 million |
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Market structure |
Fragmented |
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YoY growth (%) |
6.0 |
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Regional analysis |
APAC, Europe, North America, South America, and Middle East and Africa |
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Performing market contribution |
APAC at 47% |
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Key consumer countries |
US, China, Japan, India, and UK |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key 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 |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period. |
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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. |
What are the Key Data Covered in this Chromium Phosphate Market Report?
- CAGR of the market during the forecast period 2022-2026
- Detailed information on factors that will drive chromium phosphate market growth during the next five years
- Precise estimation of the chromium phosphate market size and its contribution to the parent market
- Accurate predictions on upcoming trends and changes in consumer behavior
- The growth of the chromium phosphate industry across APAC, Europe, North America, South America, and Middle East and Africa
- A thorough analysis of the market’s competitive landscape and detailed information on vendors
- Comprehensive details of factors that will challenge the growth of chromium phosphate market vendors
We can help! Our analysts can customize this report to meet your requirements. Get in touch
1 Executive Summary
- 1.1 Market overview
- Exhibit 01: Executive Summary – Chart on Market Overview
- Exhibit 02: Executive Summary – Data Table on Market Overview
- Exhibit 03: Executive Summary – Chart on Global Market Characteristics
- Exhibit 04: Executive Summary – Chart on Market by Geography
- Exhibit 05: Executive Summary – Chart on Market Segmentation by Application
- Exhibit 06: Executive Summary – Chart on Incremental Growth
- Exhibit 07: Executive Summary – Data Table on Incremental Growth
- Exhibit 08: Executive Summary – Chart on Vendor Market Positioning
2 Market Landscape
- 2.1 Market ecosystem
- Exhibit 09: Parent market
- Exhibit 10: Market Characteristics
3 Market Sizing
- 3.1 Market definition
- Exhibit 11: Offerings of vendors included in the market definition
- 3.2 Market segment analysis
- Exhibit 12: Market segments
- 3.3 Market size 2021
- 3.4 Market outlook: Forecast for 2021-2026
- Exhibit 13: Chart on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 14: Data Table on Global - Market size and forecast 2021-2026 ($ million)
- Exhibit 15: Chart on Global Market: Year-over-year growth 2021-2026 (%)
- Exhibit 16: Data Table on Global Market: Year-over-year growth 2021-2026 (%)
4 Five Forces Analysis
- 4.1 Five forces summary
- Exhibit 17: Five forces analysis - Comparison between 2021 and 2026
- 4.2 Bargaining power of buyers
- Exhibit 18: Chart on Bargaining power of buyers – Impact of key factors 2021 and 2026
- 4.3 Bargaining power of suppliers
- Exhibit 19: Bargaining power of suppliers – Impact of key factors in 2021 and 2026
- 4.4 Threat of new entrants
- Exhibit 20: Threat of new entrants – Impact of key factors in 2021 and 2026
- 4.5 Threat of substitutes
- Exhibit 21: Threat of substitutes – Impact of key factors in 2021 and 2026
- 4.6 Threat of rivalry
- Exhibit 22: Threat of rivalry – Impact of key factors in 2021 and 2026
- 4.7 Market condition
- Exhibit 23: Chart on Market condition - Five forces 2021 and 2026
5 Market Segmentation by Application
- 5.1 Market segments
- Exhibit 24: Chart on Application - Market share 2021-2026 (%)
- Exhibit 25: Data Table on Application - Market share 2021-2026 (%)
- 5.2 Comparison by Application
- Exhibit 26: Chart on Comparison by Application
- Exhibit 27: Data Table on Comparison by Application
- 5.3 Architectural purposes - Market size and forecast 2021-2026
- Exhibit 28: Chart on Architectural purposes - Market size and forecast 2021-2026 ($ million)
- Exhibit 29: Data Table on Architectural purposes - Market size and forecast 2021-2026 ($ million)
- Exhibit 30: Chart on Architectural purposes - Year-over-year growth 2021-2026 (%)
- Exhibit 31: Data Table on Architectural purposes - Year-over-year growth 2021-2026 (%)
- 5.4 Corrosion protection - Market size and forecast 2021-2026
- Exhibit 32: Chart on Corrosion protection - Market size and forecast 2021-2026 ($ million)
- Exhibit 33: Data Table on Corrosion protection - Market size and forecast 2021-2026 ($ million)
- Exhibit 34: Chart on Corrosion protection - Year-over-year growth 2021-2026 (%)
- Exhibit 35: Data Table on Corrosion protection - Year-over-year growth 2021-2026 (%)
- 5.5 Medical - Market size and forecast 2021-2026
- Exhibit 36: Chart on Medical - Market size and forecast 2021-2026 ($ million)
- Exhibit 37: Data Table on Medical - Market size and forecast 2021-2026 ($ million)
- Exhibit 38: Chart on Medical - Year-over-year growth 2021-2026 (%)
- Exhibit 39: Data Table on Medical - Year-over-year growth 2021-2026 (%)
- 5.6 Others - Market size and forecast 2021-2026
- Exhibit 40: Chart on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 41: Data Table on Others - Market size and forecast 2021-2026 ($ million)
- Exhibit 42: Chart on Others - Year-over-year growth 2021-2026 (%)
- Exhibit 43: Data Table on Others - Year-over-year growth 2021-2026 (%)
- 5.7 Market opportunity by Application
- Exhibit 44: Market opportunity by Application ($ million)
6 Customer Landscape
- 6.1 Customer landscape overview
- Exhibit 45: Analysis of price sensitivity, lifecycle, customer purchase basket, adoption rates, and purchase criteria
7 Geographic Landscape
- 7.1 Geographic segmentation
- Exhibit 46: Chart on Market share by geography 2021-2026 (%)
- Exhibit 47: Data Table on Market share by geography 2021-2026 (%)
- 7.2 Geographic comparison
- Exhibit 48: Chart on Geographic comparison
- Exhibit 49: Data Table on Geographic comparison
- 7.3 APAC - Market size and forecast 2021-2026
- Exhibit 50: Chart on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 51: Data Table on APAC - Market size and forecast 2021-2026 ($ million)
- Exhibit 52: Chart on APAC - Year-over-year growth 2021-2026 (%)
- Exhibit 53: Data Table on APAC - Year-over-year growth 2021-2026 (%)
- 7.4 Europe - Market size and forecast 2021-2026
- Exhibit 54: Chart on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 55: Data Table on Europe - Market size and forecast 2021-2026 ($ million)
- Exhibit 56: Chart on Europe - Year-over-year growth 2021-2026 (%)
- Exhibit 57: Data Table on Europe - Year-over-year growth 2021-2026 (%)
- 7.5 North America - Market size and forecast 2021-2026
- Exhibit 58: Chart on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 59: Data Table on North America - Market size and forecast 2021-2026 ($ million)
- Exhibit 60: Chart on North America - Year-over-year growth 2021-2026 (%)
- Exhibit 61: Data Table on North America - Year-over-year growth 2021-2026 (%)
- 7.6 South America - Market size and forecast 2021-2026
- Exhibit 62: Chart on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 63: Data Table on South America - Market size and forecast 2021-2026 ($ million)
- Exhibit 64: Chart on South America - Year-over-year growth 2021-2026 (%)
- Exhibit 65: Data Table on South America - Year-over-year growth 2021-2026 (%)
- 7.7 Middle East and Africa - Market size and forecast 2021-2026
- Exhibit 66: Chart on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 67: Data Table on Middle East and Africa - Market size and forecast 2021-2026 ($ million)
- Exhibit 68: Chart on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- Exhibit 69: Data Table on Middle East and Africa - Year-over-year growth 2021-2026 (%)
- 7.8 China - Market size and forecast 2021-2026
- Exhibit 70: Chart on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 71: Data Table on China - Market size and forecast 2021-2026 ($ million)
- Exhibit 72: Chart on China - Year-over-year growth 2021-2026 (%)
- Exhibit 73: Data Table on China - Year-over-year growth 2021-2026 (%)
- 7.9 US - Market size and forecast 2021-2026
- Exhibit 74: Chart on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 75: Data Table on US - Market size and forecast 2021-2026 ($ million)
- Exhibit 76: Chart on US - Year-over-year growth 2021-2026 (%)
- Exhibit 77: Data Table on US - Year-over-year growth 2021-2026 (%)
- 7.10 Japan - Market size and forecast 2021-2026
- Exhibit 78: Chart on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 79: Data Table on Japan - Market size and forecast 2021-2026 ($ million)
- Exhibit 80: Chart on Japan - Year-over-year growth 2021-2026 (%)
- Exhibit 81: Data Table on Japan - Year-over-year growth 2021-2026 (%)
- 7.11 India - Market size and forecast 2021-2026
- Exhibit 82: Chart on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 83: Data Table on India - Market size and forecast 2021-2026 ($ million)
- Exhibit 84: Chart on India - Year-over-year growth 2021-2026 (%)
- Exhibit 85: Data Table on India - Year-over-year growth 2021-2026 (%)
- 7.12 UK - Market size and forecast 2021-2026
- Exhibit 86: Chart on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 87: Data Table on UK - Market size and forecast 2021-2026 ($ million)
- Exhibit 88: Chart on UK - Year-over-year growth 2021-2026 (%)
- Exhibit 89: Data Table on UK - Year-over-year growth 2021-2026 (%)
- 7.13 Market opportunity by geography
- Exhibit 90: Market opportunity by geography ($ million)
8 Drivers, Challenges, and Trends
- 8.1 Market drivers
- 8.2 Market challenges
- 8.3 Impact of drivers and challenges
- Exhibit 91: Impact of drivers and challenges in 2021 and 2026
- 8.4 Market trends
9 Vendor Landscape
- 9.1 Overview
- 9.2 Vendor landscape
- Exhibit 92: Overview on Criticality of inputs and Factors of differentiation
- 9.3 Landscape disruption
- Exhibit 93: Overview on factors of disruption
- 9.4 Industry risks
- Exhibit 94: Impact of key risks on business
10 Vendor Analysis
- 10.1 Vendors covered
- Exhibit 95: Vendors covered
- 10.2 Market positioning of vendors
- Exhibit 96: Matrix on vendor position and classification
- 10.3 American Elements
- Exhibit 97: American Elements - Overview
- Exhibit 98: American Elements - Product / Service
- Exhibit 99: American Elements - Key offerings
- 10.4 BASF SE
- Exhibit 100: BASF SE - Overview
- Exhibit 101: BASF SE - Business segments
- Exhibit 102: BASF SE - Key news
- Exhibit 103: BASF SE - Key offerings
- Exhibit 104: BASF SE - Segment focus
- 10.5 CHEMOS GmbH and Co. KG
- Exhibit 105: CHEMOS GmbH and Co. KG - Overview
- Exhibit 106: CHEMOS GmbH and Co. KG - Product / Service
- Exhibit 107: CHEMOS GmbH and Co. KG - Key offerings
- 10.6 Merck KGaA
- Exhibit 108: Merck KGaA - Overview
- Exhibit 109: Merck KGaA - Business segments
- Exhibit 110: Merck KGaA - Key news
- Exhibit 111: Merck KGaA - Key offerings
- Exhibit 112: Merck KGaA - Segment focus
- 10.7 Nippon Chemical Industrial Co. Ltd.
- Exhibit 113: Nippon Chemical Industrial Co. Ltd. - Overview
- Exhibit 114: Nippon Chemical Industrial Co. Ltd. - Product / Service
- Exhibit 115: Nippon Chemical Industrial Co. Ltd. - Key offerings
- 10.8 Oxkem Ltd
- Exhibit 116: Oxkem Ltd - Overview
- Exhibit 117: Oxkem Ltd - Product / Service
- Exhibit 118: Oxkem Ltd - Key offerings
- 10.9 Shanghai Danfan Network Science and Technology Co Ltd
- Exhibit 119: Shanghai Danfan Network Science and Technology Co Ltd - Overview
- Exhibit 120: Shanghai Danfan Network Science and Technology Co Ltd - Product / Service
- Exhibit 121: Shanghai Danfan Network Science and Technology Co Ltd - Key offerings
11 Appendix
- 11.1 Scope of the report
- 11.2 Inclusions and exclusions checklist
- Exhibit 122: Inclusions checklist
- Exhibit 123: Exclusions checklist
- 11.3 Currency conversion rates for US$
- Exhibit 124: Currency conversion rates for US$
- 11.4 Research methodology
- Exhibit 125: Research methodology
- Exhibit 126: Validation techniques employed for market sizing
- Exhibit 127: Information sources
- 11.5 List of abbreviations
- Exhibit 128: List of abbreviations
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
- Manufacturers and suppliers
- Channel partners
- Industry experts
- Strategic decision makers
Secondary sources
- Industry journals and periodicals
- Government data
- Financial reports of key industry players
- Historical data
- Press releases
DATA ANALYSIS
Data Synthesis
- Collation of data
- Estimation of key figures
- Analysis of derived insights
Data Validation
- Triangulation with data models
- Reference against proprietary databases
- Corroboration with industry experts
REPORT WRITING
Qualitative
- Market drivers
- Market challenges
- Market trends
- Five forces analysis
Quantitative
- Market size and forecast
- Market segmentation
- Geographical insights
- Competitive landscape
PURCHASE FULL REPORT OF
chromium phosphate market
Key Questions Answered
- What are the key global market and the regional market share?
- What are the revenue-generating key market segments?
- What are the key factors driving and challenging this market’s growth?
- Who are the key market vendors and their growth strategies?
- What are the latest trends influencing the growth of this market?
- What are the variables influencing the market growth in the primary regions?
- What are the factors influencing the growth of the parent market?
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