Chromium is widely used in the production of ferrochrome, which is used in the production of stainless steel. It is obtained from chromite ores, which are of four types: metallurgical, refractory, foundry, and sand. Some other applications for chromite ore include chemicals, specialty steel, and metal chrome. South Africa is the largest chromium mining nation.
Technavio's analysts forecast the global chromium mining market to grow at a CAGR of 5.23% during the period 2016-2020.
Covered in this report
The report covers the present scenario and the growth prospects of the global chromium mining market for 2016-2020. To calculate the market size, the report presents the vendor landscape and a corresponding detailed analysis of the top eight vendors operating in the market. In addition, the report discusses the major drivers influencing the market growth and the challenges faced by the vendors and the market as a whole. It also examines key emerging trends and their influence on current and future market scenarios.
The market is divided into the following segments based on geography:
- Africa
- Americas
- APAC
- Europe and Middle East
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Technavio's report, Global Chromium Mining Market 2016-2020, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.
Key vendors
- Assmang
- Chrometco
- ENRC
- Ferbasa
- Glencore
- International Ferro Metals
- Samancor Chrome
- Yilmaden Holding
Market driver
- Increase in demand from stainless steel market
- For a full, detailed list, view our report
Market challenge
- Declining refractory chromite consumption
- For a full, detailed list, view our report
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Market trend
- Increasing exploration in chromium mining sector
- For a full, detailed list, view our report
Key questions answered in this report
- What will the market size be in 2020 and what will the growth rate be?
- What are the key market trends?
- What is driving this market?
- What are the challenges to market growth?
- Who are the key vendors in this market space?
- What are the market opportunities and threats faced by the key vendors?
- What are the strengths and weaknesses of the key vendors?
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