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Sodium Dichromate Market Trends

Report ID: GMI12700
Published Date: Dec 2024
Report Format: PDF

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Sodium Dichromate Market Trends

Technological advancements and changing industry demands are shaping the global sodium dichromate industry. A key trend is the industry's move towards sustainable manufacturing. Companies are actively looking for ways to reduce the environmental impact of sodium dichromate production, especially because it is toxic and can cause cancer. Additionally, more companies are using automation in chemical manufacturing, which is making production more efficient and cost-effective.

There is a growing demand for high-purity sodium dichromate in areas like pharmaceuticals and specialty chemicals, where high quality is very important. Also, production capacities are spreading out to different regions, especially in Asia-Pacific, to meet both local and global demands. Sodium dichromate is also being used in new ways, such as in advanced catalysts and glass coloring, showing its versatility beyond its traditional uses in leather and pigments.

Authors: Kiran Pulidindi, Kunal Ahuja

Frequently Asked Questions (FAQ) :

The global market size for sodium dichromate was valued at USD 1.5 billion in 2024 and is projected to reach USD 2.5 billion by 2034, driven by a CAGR of over 5.1% during the forecast period due to rising demand in metal finishing and surface treatment applications.

Metal finishing accounted for a 29.5% market share in 2024, driven by its critical role in enhancing the durability, corrosion resistance, and aesthetic appeal of metal components across industries like automotive, aerospace, and construction.

The U.S. market generated USD 321.8 million in 2024, driven by strong demand from industries such as metal finishing, chemical manufacturing, and leather processing, alongside advancements in surface treatment technologies.

Major players in the industry include AD International, Brother Enterprises, Choice Organochem, Chongqing Changyuan, Dhairya International, Minfeng Chemical, Nippon Chemical Industrial, TNJ Chemical, Vishnu Chemicals, and Yinhe Group.