London, UK (PRWEB) November 26, 2014
In 2013, South Africa held dominance in the world chromium market in terms of chromite production volumes. The country accounted for 43.3% of the overall chromite output. The other largest producers include India, Kazakhstan and Turkey, which accounted for 16.3%, 15.9% and 8% of the world chromite production volumes, respectively.
Chromium is connected to the stainless steel sector as it is the key downstream market for the material. Moreover, there are no alternative materials to chromium that could replace it in the production of superalloys and stainless steel. Although the steel industry in China is forecast to see a downward trend in the upcoming years, the recovery of the global economies will encourage the growth of the world steel market.
Despite the reduction of the global steel demand, following the recession in the world economy, the chromium market has been viewing strong demand and is expected to see solid growth in the future as well.
The world chromium market is anticipated to witness a growth rate of 3% per year in the year to come. In order to satisfy the rising demand for the material, the growth of the chromite production is expected to be observed in the major mining regions, including South Africa, India, Turkey, Kazakhstan, etc.
Topical research study “Chromium: 2014 Market Review and Forecast” elaborated by Merchant Research & Consulting Ltd is now available at mcgroup.co.uk
Title: Chromium: 2014 Market Review and Forecast
Published: July, 2014
Price: US$ 2,050.00
The topical report offers an in-depth analysis of the global chromium industry, provides key information on the market performance globally and by country. It includes a detailed product description, examines its key properties, application areas and analyzes the world reserves of the material. Moreover, the report overviews the chromium capacity, demand and production within the 2008-2013 period. The study examines main producers and companies, provides statistics on the chromium import and export and reviews the prices of the material. Chromium industry forecast, as well as the analysis of the downstream market trends through 2018 are contained in the study, too.
Reasons to Buy:
- Insightful overview of the main chromium producers helps to qualify prospective partners and suppliers and
- Support sales by expanding knowledge on the competitors’ business structure and strategy.
- This report aids to plan future investment opportunities using the chromium market forecast till 2018.
- Obtain the most unique information on the chromium market by main geographical regions that assists in taking various business decisions.
- Track the most important events within the world chromium industry.
- Gain key insights into the sector development from 2008.
More topical reports by the publisher can be found at Merchant Research & Consulting page.