Global Chromite Ore market will reach 9.3 billion US$ by the end of 2025
Publisher: QYResearch Published Date: 2019/ 11 / 27 QY Research has released a new market research report on the global chromite ore market, titled “Global Chromite Ore Market Research Report 2019.” As per the report, the global chromite ore market is projected to reach more than US$9.0 Bn in revenue by 2025, growing at a moderate CAGR of 5.33% during the forecast period 2018-2025. In 2018, the global market revenue reached over US$6.0 Bn. Robust Demand for Ferrochrome and Stainless Steel Predicted to Benefit Global Market A high percentage of chromite ore is used in the production of ferrochrome. This is expected to create lucrative growth opportunities for chromite ore manufacturers in the coming years. Use of chromite ore to produce sodium dichromate, which finds application as an intermediate to produce chromium chemicals and as a chemical industry product, could be another growth driver of the global market. However, drawbacks of mining such as soil and water pollut...
