| Product Code: ETC195037 | Publication Date: May 2022 | Updated Date: Aug 2025 | Product Type: Market Research Report | |
| Publisher: 6Wresearch | Author: Ravi Bhandari | No. of Pages: 60 | No. of Figures: 40 | No. of Tables: 7 |
According to a recent report by 6Wresearch, the Thailand chromium nitrate market size was valued at USD 0.10 million in 2025 and is expected to grow at a CAGR of 4.4%. The growing demand for chrome-based plating processes as well as increasing automotive production are some of the key factors driving growth in this sector. Moreover, rising environmental concerns due to hazardous waste produced during metal finishing processes have led many companies to switch towards chromium compounds such as chromium nitrate for various industrial applications.
Chromium nitrate finds application in various industries, including textiles, ceramics, and electronics. The textile industry`s demand for chromium nitrate in dyeing and finishing processes is a significant driver. Additionally, its use in electronics for manufacturing semiconductors and thin film coatings is fostering market growth.
The chromium nitrate market in Thailand confronts challenges associated with fluctuating demand from end-use industries such as textiles and electronics. Economic uncertainties and competition from alternative chemicals further contribute to market instability.
The market for chromium nitrate might have experienced volatility due to disruptions in supply chains and reduced manufacturing activities during lockdowns. Sectors such as coatings and electronics could have been impacted.
The chromium nitrate market in Thailand is influenced by the metallurgy, ceramics, and textiles sectors. Key players like Thaichrom Industries and Sigma-Aldrich Corporation play a crucial role in meeting the diverse demands of these industries by providing high-quality chromium nitrate compounds.
1 Executive Summary |
2 Introduction |
2.1 Key Highlights of the Report |
2.2 Report Description |
2.3 Market Scope & Segmentation |
2.4 Research Methodology |
2.5 Assumptions |
3 Thailand Chromium Nitrate Market Overview |
3.1 Thailand Country Macro Economic Indicators |
3.2 Thailand Chromium Nitrate Market Revenues & Volume, 2021 & 2031F |
3.3 Thailand Chromium Nitrate Market - Industry Life Cycle |
3.4 Thailand Chromium Nitrate Market - Porter's Five Forces |
3.5 Thailand Chromium Nitrate Market Revenues & Volume Share, By Type, 2021 & 2031F |
3.6 Thailand Chromium Nitrate Market Revenues & Volume Share, By Application, 2021 & 2031F |
4 Thailand Chromium Nitrate Market Dynamics |
4.1 Impact Analysis |
4.2 Market Drivers |
4.2.1 Growth in the automotive industry in Thailand, leading to increased demand for chromium nitrate in metal finishing applications. |
4.2.2 Expansion of the electronics manufacturing sector in Thailand, boosting the use of chromium nitrate in plating processes. |
4.2.3 Rising investments in infrastructure projects in Thailand, driving the demand for chromium nitrate in construction materials. |
4.3 Market Restraints |
4.3.1 Fluctuating prices of raw materials used in the production of chromium nitrate, impacting the overall production cost. |
4.3.2 Stringent environmental regulations in Thailand related to the disposal of chromium-containing waste, leading to increased compliance costs for manufacturers. |
5 Thailand Chromium Nitrate Market Trends |
6 Thailand Chromium Nitrate Market, By Types |
6.1 Thailand Chromium Nitrate Market, By Type |
6.1.1 Overview and Analysis |
6.1.2 Thailand Chromium Nitrate Market Revenues & Volume, By Type, 2021-2031F |
6.1.3 Thailand Chromium Nitrate Market Revenues & Volume, By Organic, 2021-2031F |
6.1.4 Thailand Chromium Nitrate Market Revenues & Volume, By Inorganic, 2021-2031F |
6.2 Thailand Chromium Nitrate Market, By Application |
6.2.1 Overview and Analysis |
6.2.2 Thailand Chromium Nitrate Market Revenues & Volume, By Leather, 2021-2031F |
6.2.3 Thailand Chromium Nitrate Market Revenues & Volume, By Ceramics, 2021-2031F |
6.2.4 Thailand Chromium Nitrate Market Revenues & Volume, By Catalyst, 2021-2031F |
6.2.5 Thailand Chromium Nitrate Market Revenues & Volume, By Pigment, 2021-2031F |
6.2.6 Thailand Chromium Nitrate Market Revenues & Volume, By Other, 2021-2031F |
7 Thailand Chromium Nitrate Market Import-Export Trade Statistics |
7.1 Thailand Chromium Nitrate Market Export to Major Countries |
7.2 Thailand Chromium Nitrate Market Imports from Major Countries |
8 Thailand Chromium Nitrate Market Key Performance Indicators |
8.1 Number of new automotive manufacturing plants established in Thailand. |
8.2 Percentage increase in the use of chromium nitrate in the electronics industry. |
8.3 Growth in the construction sector in terms of value of projects involving chromium nitrate applications. |
9 Thailand Chromium Nitrate Market - Opportunity Assessment |
9.1 Thailand Chromium Nitrate Market Opportunity Assessment, By Type, 2021 & 2031F |
9.2 Thailand Chromium Nitrate Market Opportunity Assessment, By Application, 2021 & 2031F |
10 Thailand Chromium Nitrate Market - Competitive Landscape |
10.1 Thailand Chromium Nitrate Market Revenue Share, By Companies, 2024 |
10.2 Thailand Chromium Nitrate Market Competitive Benchmarking, By Operating and Technical Parameters |
11 Company Profiles |
12 Recommendations |
13 Disclaimer |