Chrome Prices, Demand, Chart, News and Forecast | IMARC Group

Chrome Price in China

• China: $269/MT (Chrome, Lump, 38%)

In the second half of 2023, the average price of chrome in China was 269 USD/MT.

The latest report by IMARC Group, titled "Chrome Pricing Report 2024: Price Trend, Chart, Market Analysis, News, Demand, Historical and Forecast Data," provides a thorough examination of chrome prices. This report delves into globally, presenting a detailed analysis, along with informative price chart. Through comprehensive price analysis, the report sheds light on the key factors influencing these trends. Additionally, it includes historical data to offer context and depth to the current pricing landscape. The report also explores the demand, analyzing how it impacts market dynamics. To aid in strategic planning, the price forecast section provides insights into price forecast, making this report an invaluable resource for industry stakeholders.

Report Offering:

• Monthly Updates: Annual Subscription
• Quarterly Updates: Annual Subscription
• Biannually Updates: Annual Subscription

The study delves into the factors affecting chrome price variations, including alterations in the cost of raw materials, the balance of supply and demand, geopolitical influences, and sector-specific developments.

The report also incorporates the most recent updates from the market, equipping stakeholders with the latest information on market fluctuations, regulatory modifications, and technological progress. It serves as an exhaustive resource for stakeholders, enhancing strategic planning and forecast capabilities.

Request For a Sample Copy of the Report: https://www.imarcgroup.com/chrome-pricing-report/requestsample

Chrome Price Trend- Last Quarter

The chemical element chrome, often known as chromium, has the atomic number 24 and the symbol Cr. It is a steel-gray, strong metal that is crucial to many industrial processes because of its high resistance to corrosion and lustrous surface. Stainless steel is one of its most well-known applications, where it is used as a crucial alloying agent to increase strength and stop rust. chromium plating, a technique that gives metal surfaces a thin, decorative, and protective layer that adds durability and a polished look, also makes extensive use of chromium. Because of their vivid hues and ability to withstand heat, chromium compounds are also utilized in the production of pigments, dyes, and refractory materials.

Chrome Industry Analysis

The global market is majorly driven by the widespread use of chrome in the production of stainless steel. As industries such as construction, automotive, and manufacturing continue to grow, the demand for stainless steel and, consequently, chrome, increases. Furthermore, chrome plating is another major factor driving market growth. The rising demand for high-quality, long-lasting products, particularly in the automotive sector, where chrome plating is used for components like bumpers, exhaust pipes, and trims, is contributing to the growth of the market. Besides, the electronics and consumer goods industries also fuel the market. Chromium is used in the production of various electronic components and devices, where its excellent heat resistance and conductive properties are essential. Additionally, chrome is used in the manufacture of household appliances, decorative items, and kitchenware due to its shiny, polished finish and resistance to wear.

Moreover, the growing demand for refractory materials in industries such as metallurgy, glass, and cement further drives the chrome market. As these industries expand, the demand for chromium-based refractories is expected to rise. Apart from this, environmental regulations aimed at reducing emissions and improving energy efficiency in industries have also influenced the chrome market. Chromium-based coatings and materials are used to improve the performance and longevity of machinery and equipment, helping to reduce maintenance costs and environmental impact. As companies adopt cleaner and more sustainable practices, the use of chrome in industrial applications is likely to grow. In addition, technological advancements in mining and extraction methods have made chrome more accessible and cost-effective, driving market expansion. The development of new extraction technologies has improved the efficiency and environmental sustainability of chrome mining, leading to increased production capacity and a more stable supply chain, further supporting the global market growth.

Regional Price Analysis:

• Asia Pacific: China, India, Indonesia, Pakistan, Bangladesh, Japan, Philippines, Vietnam, Thailand, South Korea, Malaysia, Nepal, Taiwan, Sri Lanka, Hongkong, Singapore, Australia, and New Zealand
• Europe: Germany, France, United Kingdom, Italy, Spain, Russia, Turkey, Netherlands, Poland, Sweden, Belgium, Austria, Ireland, Switzerland, Norway, Denmark, Romania, Finland, Czech Republic, Portugal, and Greece
• North America: United States and Canada
• Latin America: Brazil, Mexico, Argentina, Columbia, Chile, Ecuador, and Peru
• Middle East & Africa: Saudi Arabia, UAE, Israel, Iran, South Africa, Nigeria, Oman, Kuwait, Qatar, Iraq, Egypt, Algeria, and Morocco

Note: The current country list is selective, detailed insights into additional countries can be obtained for clients upon request.

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IMARC Group is a global management consulting firm that helps the world’s most ambitious changemakers to create a lasting impact. The company provide a comprehensive suite of market entry and expansion services. IMARC offerings include thorough market assessment, feasibility studies, company incorporation assistance, factory setup support, regulatory approvals and licensing navigation, branding, marketing and sales strategies, competitive landscape and benchmarking analyses, pricing and cost research, and procurement research.

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