The chromium carbide market was valued at USD 36.5 million in 2022 and is anticipated to expand at a compound annual growth rate (CAGR) of 6.4% over the course of the forecast period. To increase the wear resistance of metal surfaces, chromium carbide is frequently used as a coating. Techniques like thermal spraying are used to apply it. These are also found on cutting tools and in aircraft components like nozzles and turbine blades.
Growing demand for chromium carbide in the automotive and oil and gas industries Chromium carbide coatings help mining equipment like shovels, buckets, and blades endure the rough conditions of mining operations. To lessen wear and friction, chromium carbide coatings are applied to automotive parts like bearings, cylinder liners, and pistons. Additionally, the market is expanding at a substantial rate due to its application in the chemical, textile, and nuclear industries.

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Growth Drivers
Increasing industrialization
The term "rapid industrialization" describes the economy's industrial sectors' quick development and expansion. It usually entails the construction of new factories, the creation of new technologies, and the transition from rural to urban and industrialized economies. The market for chromium carbide is expanding due to growing industrialization.
Focus on infrastructure development
The infrastructure is developing more rapidly as a result of urbanization. As more people move from rural to urban regions, there is an urgent need for improved infrastructure. Chromium carbide is necessary for the development of infrastructure when new buildings are being rebuilt. Rapid urbanization and growing industrialization are fueling the demand for improved infrastructure and, consequently, for more chromium carbide.
Automotive Industry
As the automobile industry grows, the use of chromium carbide coating for parts like engine parts and brake disks is driving market expansion. Because of its great hardness, chromium carbide is widely used in the automotive industry. Chromium coating extends the lifespan of a variety of industrial equipment.
Energy and Power Generation
The demand for chromium carbide rises as a result of the energy and power generation sectors using it for parts like turbines and valves that are exposed to harsh environments. The chromium carbide coating is largely driven by environmental restrictions that encourage the use of materials that are resistant to corrosion and wear in a variety of industries.
Segmentation
By Type
· Powder
· Block
· Others
By Application
· Mining
· Energy
· Steel
· Cement
· Pulp and Paper
· Glass and Others
Regional Outlook
· Asia Pacific
· North America
· Latin America
· Europe
· Middle East and Africa
Key Players
· Hoganas AB
· Siamfymet
· Ceradyne
· Oerlikon Metco
· H.C. Stark Surface Technology and Ceramic Powders
· Sandvik Materials Technology
· Praxair Surface Technologies
· Reade International Crop
· Nippon Electric Glass co. ltd.
· Other Players
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