India Chromium Market (2025-2031) Outlook | Industry, Revenue, Value, Analysis, Share, Growth, Forecast, Trends, Size & Companies

India Chromium Market Synopsis

India is one of the largest producers and consumers of chromium in the world. The chromium market in India has been witnessing a healthy growth over the years due to its increasing usage in various industries such as automotive, construction, energy etc. In 2018-19, India produced about 67521 metric tons (MT) of ferrochrome and 9168 MT of chrome ore. It is expected that by FY 2025, India will become the second largest producer after China with an estimated production capacity of 3 lakh tonnes per annum (TPA).

Market Drivers

The major drivers for growth in the India Chromium Market are growing demand from automotive industry owing to stringent emission norms; rising population coupled with rapid urbanization; high investment activity seen across various sectors like infrastructure development and power & energy sector; government initiatives encouraging public-private partnerships for infrastructure projects; increased industrial activities leading to higher domestic consumption; easy availability of raw materials such as manganese ore & other alloys at low cost. Moreover, Government policies such as Make in India campaign have also contributed towards boosting local manufacturing which has further accelerated chromium consumption rate within country.

Challenges of the Market

However, there are certain challenges faced by this market mainly due to shortage of skilled labor force and lack of technologically advanced processing plants which can lead to an increase in overall operational costs affecting margin profitability. Other than this factors like environmental regulations regarding proper disposal or recycling methods being adopted for used metals may pose additional bottlenecks hindering further technological advancements required for better resource utilization efficiency. Additionally volatile prices of commodities related to mining operations like fuel oil , coal etc might also result into unexpected price fluctuations causing instability among traders operating within this sector.

Key Players in the Market

Some key players operating within India Chromium Market include IMFA Group , Tata Steel Limited ,Vedanta Resources plc., Sesa Goa Limited , Jindal Stainless Limited amongst others who hold significant share through their captive mines. Furthermore some secondary players providing technology based solutions necessary while refining these metals include TechnoSteel Alloys Pvt Ltd., Shree Metaliks Ltd., Essar Steel Algoma Inc., among few others contributing towards greater value addition process taking place domestically.

COVID-19 Impact on the Market

The Covid-19 pandemic has greatly impacted many markets around the world including those linked directly or indirectly with chromium production or consumption chain. This includes closure/restrictions.

Key Highlights of the Report:

• India Chromium Market Outlook
• Market Size of India Chromium Market, 2024
• Forecast of India Chromium Market, 2031
• Historical Data and Forecast of India Chromium Revenues & Volume for the Period 2021-2031
• India Chromium Market Trend Evolution
• India Chromium Market Drivers and Challenges
• India Chromium Price Trends
• India Chromium Porter's Five Forces
• India Chromium Industry Life Cycle
• Historical Data and Forecast of India Chromium Market Revenues & Volume By By Application for the Period 2021-2031
• Historical Data and Forecast of India Chromium Market Revenues & Volume By Chemical for the Period 2021-2031
• Historical Data and Forecast of India Chromium Market Revenues & Volume By Metallurgical for the Period 2021-2031
• Historical Data and Forecast of India Chromium Market Revenues & Volume By Refractory for the Period 2021-2031
• Historical Data and Forecast of India Chromium Market Revenues & Volume By Other Applications for the Period 2021-2031
• India Chromium Import Export Trade Statistics
• Market Opportunity Assessment By By Application
• India Chromium Top Companies Market Share
• India Chromium Competitive Benchmarking By Technical and Operational Parameters
• India Chromium Company Profiles
• India Chromium Key Strategic Recommendations