- Chromium is a hard, corrosion-resistant metal widely used in the production of stainless steel, specialty alloys, electroplating, pigments, and chemical intermediates across diverse industrial applications
- The escalating demand for chromium is primarily fueled by the expanding stainless-steel industry, increased usage of trivalent chromium for environmentally compliant processes, and continued growth in developing economies with high construction and manufacturing activity
- Asia-Pacific dominated the chromium market with a share of 51.2% in 2024, due to robust stainless-steel production and extensive use of ferrochromium in the region’s booming construction, automotive, and manufacturing sectors
- Europe is expected to be the fastest growing region in the chromium market during the forecast period due to stringent environmental regulations and the increasing shift from hexavalent to trivalent chromium in industrial applications
- Metallurgical grade segment dominated the market with a market share of 92.9% in 2024, due to its critical role in stainless steel and high-strength alloy production. The metallurgical grade is preferred for its high chromium content and low impurity levels, supporting high-temperature resistance and strength in steelmaking. Global infrastructure development, especially in emerging economies, is further accelerating the consumption of metallurgical-grade chromium
