What is the market size for the ?

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What is the CAGR for the ?

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What is the growth rate of the market?

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Which region held the largest market share in the market?

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Who are the prominent players in the market?

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Global Chromium Mining Market 2016-2020

Q: What is the market size for the ?

. <a href='https://www.technavio.com/report/global-metals-and-minerals-chromium-mining-market'>Read More</a>

Q: What is the CAGR for the ?

. <a href='https://www.technavio.com/report/global-metals-and-minerals-chromium-mining-market'>Read More</a>

Q: What is the growth rate of the market?

. <a href='https://www.technavio.com/report/global-metals-and-minerals-chromium-mining-market'>Read More</a>

Q: Which region held the largest market share in the market?

. <a href='https://www.technavio.com/report/global-metals-and-minerals-chromium-mining-market'>Read More</a>

Q: Who are the prominent players in the market?

. <a href='https://www.technavio.com/report/global-metals-and-minerals-chromium-mining-market'>Read More</a>

Published: Jul 2016
Pages: 58
SKU: IRTNTR9150

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Outlook of the chromium mining market

Technavio’s market research analysts have predicted the global chromium mining market to grow at a moderate CAGR of more than 5% during the forecast period. The increasing demand from the stainless steel market is one of the key factors driving the growth of this market globally. Stainless steel has extensive applications in various industries including manufacturing, construction and infrastructure, automotive, transport, and electrical machinery. Moreover, stainless steel is rust resistant and can be sterilized easily, making it ideal for daily use products. Since chromium is an essential raw material in the production of ferrochrome, growth in the steel industry will indirectly result in the growth of the chromium market during the predicted period.

In this industry research report, the analysts have estimated factors like the increase in production of non-met chromite to bolster the growth prospects of this market until the end of 2020. The production of non-met chromite for foundry and chemical grade chromite is expected to grow in the coming years. Non-met products are a by-product of metallurgical grade chromium production. However, due to the rapid growth, most companies are entering into the manufacture of foundry products. For instance, in 2015, Mineral Technologies entered a joint venture with Glencore to supply foundry grade chromite. With an increasing number of companies manufacturing foundry products, the market for chromium has a positive outlook until the end of 2020.