Chromium Nitrate Market Insights 2025, Analysis and Forecast to 2030, by Manufacturers, Regions, Technology, Application
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Introduction
Chromium Nitrate (Cr(NO3)3) is a red-purple, hygroscopic crystalline compound known for its solubility in water, acids, and alcohols, and its use in catalysts, surface treatments, and other applications like dyeing and corrosion inhibitors. The chromium nitrate industry is characterized by its role in chemical and industrial processes, driven by demand for high-performance catalysts and corrosion-resistant coatings. Its corrosive nature and color-changing properties under heat make it valuable in specialized applications. Key trends include the development of high-purity grades for catalysts, eco-friendly surface treatments, and safer handling processes due to its hazardous properties. The market is propelled by growth in chemical manufacturing and surface treatment industries, particularly in Asia and North America.
Market Size and Growth Forecast
The global Chromium Nitrate market was valued at USD 170–320 million in 2024, with an estimated CAGR of 5.0%–7.0% from 2025 to 2030, driven by demand in catalysts and surface treatments.
Regional Analysis
North America is projected to grow at a CAGR of 4.8%–6.8%, with the U.S. leading due to its chemical and automotive sectors, focusing on high-purity chromium nitrate.
Europe is expected to achieve a CAGR of 4.5%–6.5%, with Germany driving demand through its emphasis on surface treatments and catalysts.
Asia Pacific is anticipated to record the highest growth at 5.5%–7.5%, led by China, where chemical and textile industries fuel demand, with trends toward cost-effective production.
Rest of the World, particularly Brazil, is expected to grow at 4.3%–6.3%, with trends toward industrial applications.
Application Analysis
Catalyst applications are estimated to grow at a CAGR of 5.3%–7.3%, driven by chromium nitrate’s use in chemical synthesis, with trends toward high-purity formulations.
Surface treatment applications are projected to expand at 5.0%–7.0%, supported by demand in corrosion-resistant coatings, with innovations in trivalent chromium formulations.
Other applications, including dyeing and corrosion inhibitors, are anticipated to grow at 4.8%–6.8%, with advancements in eco-friendly processes.
Key Market Players
Nippon Chemical Industrial, headquartered in Tokyo, Japan, produces chromium nitrate for catalysts and surface treatments, known for its advanced chemical solutions.
Nihon Kagaku Sangyo, based in Tokyo, Japan, offers chromium nitrate for industrial applications, focusing on high-purity manufacturing.
Oxkem, headquartered in Reading, UK, provides chromium nitrate for surface treatments, emphasizing sustainable processes.
XiaXian Yunli Chemicals Co. Ltd., based in XiaXian, China, specializes in chromium nitrate for dyeing and catalysts, known for its cost-competitive production.
Porter’s Five Forces Analysis
● The threat of new entrants is moderate; moderate capital costs attract niche players, but regulatory barriers create challenges.
● The threat of substitutes is moderate; alternative catalysts and coatings compete, but chromium nitrate’s unique properties maintain its edge.
● Buyer power is moderate; chemical and textile manufacturers negotiate pricing, but specialized applications limit leverage.
● Supplier power is low; raw materials like chromium are widely available, reducing dependency.
● Competitive rivalry is high; players differentiate through high-purity and eco-friendly formulations.
Market Opportunities and Challenges
Opportunities
● Growth in chemical manufacturing drives chromium nitrate demand.
● Expansion of eco-friendly surface treatments enhances market opportunities.
● Emerging markets in Asia Pacific offer growth potential due to industrial growth.
Challenges
● Regulatory scrutiny on chromium compounds increases compliance costs.
● Health and environmental concerns limit adoption in developed markets.
● Competition from alternative catalysts and coatings challenges market share.
Growth Trend Analysis
The Chromium Nitrate market is growing steadily, driven by demand in catalysts and surface treatments. XiaXian Yunli Chemicals Co. Ltd. currently has a chromium nitrate capacity of 500 tons, supporting applications in catalysts and dyeing. Typical formulations for trivalent chromium blue-white passivators include chromium nitrate with components like nitric acid and oxalic acid, highlighting its role in corrosion-resistant coatings. These developments align with a projected CAGR of 5.0%–7.0% through 2030, reflecting chromium nitrate’s role in chemical and industrial applications.
Chapter 1 Executive Summary
Chapter 2 Abbreviation and Acronyms
Chapter 3 Preface
3.1 Research Scope
3.2 Research Sources
3.2.1 Data Sources
3.2.2 Assumptions
3.3 Research Method
Chapter 4 Market Landscape
4.1 Market Overview
4.2 Classification/Types
4.3 Application/End Users
Chapter 5 Market Trend Analysis
5.1 Introduction
5.2 Drivers
5.3 Restraints
5.4 Opportunities
5.5 Threats
Chapter 6 Industry Chain Analysis
6.1 Upstream/Suppliers Analysis
6.2 Chromium Nitrate Analysis
6.2.1 Technology Analysis
6.2.2 Cost Analysis
6.2.3 Market Channel Analysis
6.3 Downstream Buyers/End Users
Chapter 7 Latest Market Dynamics
7.1 Latest News
7.2 Merger and Acquisition
7.3 Planned/Future Project
7.4 Policy Dynamics
Chapter 8 Trading Analysis
8.1 Export of Chromium Nitrate by Region
8.2 Import of Chromium Nitrate by Region
8.3 Balance of Trade
Chapter 9 Historical and Forecast Chromium Nitrate Market in North America (2020-2030)
9.1 Chromium Nitrate Market Size
9.2 Chromium Nitrate Demand by End Use
9.3 Competition by Players/Suppliers
9.4 Type Segmentation and Price
9.5 Key Countries Analysis
9.5.1 United States
9.5.2 Canada
9.5.3 Mexico
Chapter 10 Historical and Forecast Chromium Nitrate Market in South America (2020-2030)
10.1 Chromium Nitrate Market Size
10.2 Chromium Nitrate Demand by End Use
10.3 Competition by Players/Suppliers
10.4 Type Segmentation and Price
10.5 Key Countries Analysis
10.5.1 Brazil
10.5.2 Argentina
10.5.3 Chile
10.5.4 Peru
Chapter 11 Historical and Forecast Chromium Nitrate Market in Asia & Pacific (2020-2030)
11.1 Chromium Nitrate Market Size
11.2 Chromium Nitrate Demand by End Use
11.3 Competition by Players/Suppliers
11.4 Type Segmentation and Price
11.5 Key Countries Analysis
11.5.1 China
11.5.2 India
11.5.3 Japan
11.5.4 South Korea
11.5.5 Asean
11.5.6 Australia
Chapter 12 Historical and Forecast Chromium Nitrate Market in Europe (2020-2030)
12.1 Chromium Nitrate Market Size
12.2 Chromium Nitrate Demand by End Use
12.3 Competition by Players/Suppliers
12.4 Type Segmentation and Price
12.5 Key Countries Analysis
12.5.1 Germany
12.5.2 France
12.5.3 United Kingdom
12.5.4 Italy
12.5.5 Spain
12.5.6 Belgium
12.5.7 Netherlands
12.5.8 Austria
12.5.9 Poland
12.5.10 Russia
Chapter 13 Historical and Forecast Chromium Nitrate Market in MEA (2020-2030)
13.1 Chromium Nitrate Market Size
13.2 Chromium Nitrate Demand by End Use
13.3 Competition by Players/Suppliers
13.4 Type Segmentation and Price
13.5 Key Countries Analysis
13.5.1 Egypt
13.5.2 Israel
13.5.3 South Africa
13.5.4 Gulf Cooperation Council Countries
13.5.5 Turkey
Chapter 14 Summary For Global Chromium Nitrate Market (2020-2030)
14.1 Chromium Nitrate Market Size
14.2 Chromium Nitrate Demand by End Use
14.3 Competition by Players/Suppliers
14.4 Type Segmentation and Price
Chapter 15 Global Chromium Nitrate Market Forecast (2021-2026)
15.1 Chromium Nitrate Market Size Forecast
15.2 Chromium Nitrate Demand Forecast
15.3 Competition by Players/Suppliers
15.4 Type Segmentation and Price Forecast
Chapter 16 Analysis of Global Key Vendors
15.1 Nippon Chemical Industrial
15.1.1 Company Profile
15.1.2 Main Business and Chromium Nitrate Information
15.1.3 SWOT Analysis of Nippon Chemical Industrial
15.1.4 Nippon Chemical Industrial Chromium Nitrate Sales, Revenue, Price and Gross Margin (2020-2025)
15.2 Nihon Kagaku Sangyo
15.2.1 Company Profile
15.2.2 Main Business and Chromium Nitrate Information
15.2.3 SWOT Analysis of Nihon Kagaku Sangyo
15.2.4 Nihon Kagaku Sangyo Chromium Nitrate Sales, Revenue, Price and Gross Margin (2020-2025)
15.3 Oxkem
15.3.1 Company Profile
15.3.2 Main Business and Chromium Nitrate Information
15.3.3 SWOT Analysis of Oxkem
15.3.4 Oxkem Chromium Nitrate Sales, Revenue, Price and Gross Margin (2020-2025)
15.4 XiaXian Yunli Chemicals Co. ltd
15.4.1 Company Profile
15.4.2 Main Business and Chromium Nitrate Information
15.4.3 SWOT Analysis of XiaXian Yunli Chemicals Co. ltd
15.4.4 XiaXian Yunli Chemicals Co. ltd Chromium Nitrate Sales, Revenue, Price and Gross Margin (2020-2025)
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Table Research Scope Of Chromium Nitrate Report
Table Data Sources Of Chromium Nitrate Report
Table Major Assumptions Of Chromium Nitrate Report
Table Chromium Nitrate Classification
Table Chromium Nitrate Applications List
Table Drivers Of Chromium Nitrate Market
Table Restraints Of Chromium Nitrate Market
Table Opportunities Of Chromium Nitrate Market
Table Threats Of Chromium Nitrate Market
Table Raw Materials Suppliers List
Table Different Production Methods Of Chromium Nitrate
Table Cost Structure Analysis Of Chromium Nitrate
Table Key End Users List
Table Latest News Of Chromium Nitrate Market
Table Merger And Acquisition List
Table Planned/Future Project Of Chromium Nitrate Market
Table Policy Of Chromium Nitrate Market
Table 2020-2030 Regional Export Of Chromium Nitrate
Table 2020-2030 Regional Import Of Chromium Nitrate
Table 2020-2030 Regional Trade Balance
Table 2020-2030 North America Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 North America Chromium Nitrate Demand List By Application
Table 2020-2025 North America Chromium Nitrate Key Players Sales List
Table 2020-2025 North America Chromium Nitrate Key Players Market Share List
Table 2020-2030 North America Chromium Nitrate Demand List By Type
Table 2020-2025 North America Chromium Nitrate Price List By Type
Table 2020-2030 United States Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 United States Chromium Nitrate Import & Export List
Table 2020-2030 Canada Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Canada Chromium Nitrate Import & Export List
Table 2020-2030 Mexico Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Mexico Chromium Nitrate Import & Export List
Table 2020-2030 South America Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 South America Chromium Nitrate Demand List By Application
Table 2020-2025 South America Chromium Nitrate Key Players Sales List
Table 2020-2025 South America Chromium Nitrate Key Players Market Share List
Table 2020-2030 South America Chromium Nitrate Demand List By Type
Table 2020-2025 South America Chromium Nitrate Price List By Type
Table 2020-2030 Brazil Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Brazil Chromium Nitrate Import & Export List
Table 2020-2030 Argentina Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Argentina Chromium Nitrate Import & Export List
Table 2020-2030 Chile Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Chile Chromium Nitrate Import & Export List
Table 2020-2030 Peru Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Peru Chromium Nitrate Import & Export List
Table 2020-2030 Asia & Pacific Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Asia & Pacific Chromium Nitrate Demand List By Application
Table 2020-2025 Asia & Pacific Chromium Nitrate Key Players Sales List
Table 2020-2025 Asia & Pacific Chromium Nitrate Key Players Market Share List
Table 2020-2030 Asia & Pacific Chromium Nitrate Demand List By Type
Table 2020-2025 Asia & Pacific Chromium Nitrate Price List By Type
Table 2020-2030 China Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 China Chromium Nitrate Import & Export List
Table 2020-2030 India Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 India Chromium Nitrate Import & Export List
Table 2020-2030 Japan Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Japan Chromium Nitrate Import & Export List
Table 2020-2030 South Korea Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 South Korea Chromium Nitrate Import & Export List
Table 2020-2030 Southeast Asia Chromium Nitrate Market Size List
Table 2020-2030 Southeast Asia Chromium Nitrate Market Volume List
Table 2020-2030 Southeast Asia Chromium Nitrate Import List
Table 2020-2030 Southeast Asia Chromium Nitrate Export List
Table 2020-2030 Australia Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Australia Chromium Nitrate Import & Export List
Table 2020-2030 Europe Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Europe Chromium Nitrate Demand List By Application
Table 2020-2025 Europe Chromium Nitrate Key Players Sales List
Table 2020-2025 Europe Chromium Nitrate Key Players Market Share List
Table 2020-2030 Europe Chromium Nitrate Demand List By Type
Table 2020-2025 Europe Chromium Nitrate Price List By Type
Table 2020-2030 Germany Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Germany Chromium Nitrate Import & Export List
Table 2020-2030 France Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 France Chromium Nitrate Import & Export List
Table 2020-2030 United Kingdom Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 United Kingdom Chromium Nitrate Import & Export List
Table 2020-2030 Italy Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Italy Chromium Nitrate Import & Export List
Table 2020-2030 Spain Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Spain Chromium Nitrate Import & Export List
Table 2020-2030 Belgium Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Belgium Chromium Nitrate Import & Export List
Table 2020-2030 Netherlands Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Netherlands Chromium Nitrate Import & Export List
Table 2020-2030 Austria Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Austria Chromium Nitrate Import & Export List
Table 2020-2030 Poland Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Poland Chromium Nitrate Import & Export List
Table 2020-2030 Russia Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Russia Chromium Nitrate Import & Export List
Table 2020-2030 Mea Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Mea Chromium Nitrate Demand List By Application
Table 2020-2025 Mea Chromium Nitrate Key Players Sales List
Table 2020-2025 Mea Chromium Nitrate Key Players Market Share List
Table 2020-2030 Mea Chromium Nitrate Demand List By Type
Table 2020-2025 Mea Chromium Nitrate Price List By Type
Table 2020-2030 Egypt Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Egypt Chromium Nitrate Import & Export List
Table 2020-2030 Israel Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Israel Chromium Nitrate Import & Export List
Table 2020-2030 South Africa Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 South Africa Chromium Nitrate Import & Export List
Table 2020-2030 Gulf Cooperation Council Countries Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Gulf Cooperation Council Countries Chromium Nitrate Import & Export List
Table 2020-2030 Turkey Chromium Nitrate Market Size And Market Volume List
Table 2020-2030 Turkey Chromium Nitrate Import & Export List
Table 2020-2025 Global Chromium Nitrate Market Size List By Region
Table 2020-2025 Global Chromium Nitrate Market Size Share List By Region
Table 2020-2025 Global Chromium Nitrate Market Volume List By Region
Table 2020-2025 Global Chromium Nitrate Market Volume Share List By Region
Table 2020-2025 Global Chromium Nitrate Demand List By Application
Table 2020-2025 Global Chromium Nitrate Demand Market Share List By Application
Table 2020-2025 Global Chromium Nitrate Capacity List
Table 2020-2025 Global Chromium Nitrate Key Vendors Capacity Share List
Table 2020-2025 Global Chromium Nitrate Key Vendors Production List
Table 2020-2025 Global Chromium Nitrate Key Vendors Production Share List
Table 2020-2025 Global Chromium Nitrate Key Vendors Production Value List
Table 2020-2025 Global Chromium Nitrate Key Vendors Production Value Share List
Table 2020-2025 Global Chromium Nitrate Demand List By Type
Table 2020-2025 Global Chromium Nitrate Demand Market Share List By Type
Table 2020-2025 Regional Chromium Nitrate Price List
Table 2025-2030 Global Chromium Nitrate Market Size List By Region
Table 2025-2030 Global Chromium Nitrate Market Size Share List By Region
Table 2025-2030 Global Chromium Nitrate Market Volume List By Region
Table 2025-2030 Global Chromium Nitrate Market Volume Share List By Region
Table 2025-2030 Global Chromium Nitrate Demand List By Application
Table 2025-2030 Global Chromium Nitrate Demand Market Share List By Application
Table 2025-2030 Global Chromium Nitrate Capacity List
Table 2025-2030 Global Chromium Nitrate Key Vendors Capacity Share List
Table 2025-2030 Global Chromium Nitrate Key Vendors Production List
Table 2025-2030 Global Chromium Nitrate Key Vendors Production Share List
Table 2025-2030 Global Chromium Nitrate Key Vendors Production Value List
Table 2025-2030 Global Chromium Nitrate Key Vendors Production Value Share List
Table 2025-2030 Global Chromium Nitrate Demand List By Type
Table 2025-2030 Global Chromium Nitrate Demand Market Share List By Type
Table 2025-2030 Chromium Nitrate Regional Price List
Figure Market Size Estimated Method
Figure Major Forecasting Factors
Figure Chromium Nitrate Picture
Figure 2020-2030 Regional Trade Balance
Figure 2020-2030 North America Chromium Nitrate Market Size And Cagr
Figure 2020-2030 North America Chromium Nitrate Market Volume And Cagr
Figure 2020-2030 South America Chromium Nitrate Market Size And Cagr
Figure 2020-2030 South America Chromium Nitrate Market Volume And Cagr
Figure 2020-2030 Asia & Pacific Chromium Nitrate Market Size And Cagr
Figure 2020-2030 Asia & Pacific Chromium Nitrate Market Volume And Cagr
Figure 2020-2030 Europe Chromium Nitrate Market Size And Cagr
Figure 2020-2030 Europe Chromium Nitrate Market Volume And Cagr
Figure 2020-2030 Mea Chromium Nitrate Market Size And Cagr
Figure 2020-2030 Mea Chromium Nitrate Market Volume And Cagr
Figure 2020-2025 Global Chromium Nitrate Capacity Production And Growth Rate
Figure 2020-2025 Global Chromium Nitrate Production Value And Growth Rate
Figure 2025-2030 Global Chromium Nitrate Capacity Production And Growth Rate
Figure 2025-2030 Global Chromium Nitrate Production Value And Growth Rate
Research Methodology
- Market Estimated Methodology:
Bottom-up & top-down approach, supply & demand approach are the most important method which is used by HDIN Research to estimate the market size.
1)Top-down & Bottom-up Approach
Top-down approach uses a general market size figure and determines the percentage that the objective market represents.
Bottom-up approach size the objective market by collecting the sub-segment information.
2)Supply & Demand Approach
Supply approach is based on assessments of the size of each competitor supplying the objective market.
Demand approach combine end-user data within a market to estimate the objective market size. It is sometimes referred to as bottom-up approach.
- Forecasting Methodology
- Numerous factors impacting the market trend are considered for forecast model:
- New technology and application in the future;
- New project planned/under contraction;
- Global and regional underlying economic growth;
- Threatens of substitute products;
- Industry expert opinion;
- Policy and Society implication.
- Analysis Tools
1)PEST Analysis
PEST Analysis is a simple and widely used tool that helps our client analyze the Political, Economic, Socio-Cultural, and Technological changes in their business environment.
- Benefits of a PEST analysis:
- It helps you to spot business opportunities, and it gives you advanced warning of significant threats.
- It reveals the direction of change within your business environment. This helps you shape what you’re doing, so that you work with change, rather than against it.
- It helps you avoid starting projects that are likely to fail, for reasons beyond your control.
- It can help you break free of unconscious assumptions when you enter a new country, region, or market; because it helps you develop an objective view of this new environment.
2)Porter’s Five Force Model Analysis
The Porter’s Five Force Model is a tool that can be used to analyze the opportunities and overall competitive advantage. The five forces that can assist in determining the competitive intensity and potential attractiveness within a specific area.
- Threat of New Entrants: Profitable industries that yield high returns will attract new firms.
- Threat of Substitutes: A substitute product uses a different technology to try to solve the same economic need.
- Bargaining Power of Customers: the ability of customers to put the firm under pressure, which also affects the customer's sensitivity to price changes.
- Bargaining Power of Suppliers: Suppliers of raw materials, components, labor, and services (such as expertise) to the firm can be a source of power over the firm when there are few substitutes.
- Competitive Rivalry: For most industries the intensity of competitive rivalry is the major determinant of the competitiveness of the industry.
3)Value Chain Analysis
Value chain analysis is a tool to identify activities, within and around the firm and relating these activities to an assessment of competitive strength. Value chain can be analyzed by primary activities and supportive activities. Primary activities include: inbound logistics, operations, outbound logistics, marketing & sales, service. Support activities include: technology development, human resource management, management, finance, legal, planning.
4)SWOT Analysis
SWOT analysis is a tool used to evaluate a company's competitive position by identifying its strengths, weaknesses, opportunities and threats. The strengths and weakness is the inner factor; the opportunities and threats are the external factor. By analyzing the inner and external factors, the analysis can provide the detail information of the position of a player and the characteristics of the industry.
- Strengths describe what the player excels at and separates it from the competition
- Weaknesses stop the player from performing at its optimum level.
- Opportunities refer to favorable external factors that the player can use to give it a competitive advantage.
- Threats refer to factors that have the potential to harm the player.
- Data Sources
Primary Sources | Secondary Sources |
---|---|
Face to face/Phone Interviews with market participants, such as: Manufactures; Distributors; End-users; Experts. Online Survey |
Government/International Organization Data: Annual Report/Presentation/Fact Book Internet Source Information Industry Association Data Free/Purchased Database Market Research Report Book/Journal/News |