Chromium Phosphate Market Size To Reach $250.0 Million By 2030

Chromium Phosphate Market Growth & Trends

The global chromium phosphate market size is anticipated to reach USD 250.0 million by 2030 and is anticipated to expand at a CAGR of 10.7% during the forecast period, according to a new report by Grand View Research, Inc. The rising adoption of corrosion inhibitor coatings across multiple construction projects related to infrastructure development and enhancements, growing demand from the chemical manufacturing sector, and increasing applications are primarily driving growth for this market.

Growing construction spending across multiple developed economies, such as the U.S. and developing countries, is expected to positively influence the chromium phosphate market growth during the forecast period. An increasing number of projects in the private or public construction sector is likely to result in significant opportunities. According to the Monthly Constructions Spending update shared by the U.S. Census Bureau in March 2025, construction spending during March 2025 was estimated at USD 2,196.1 billion with a seasonally adjusted annual rate. This represented a 2.8% increase compared to construction spending in March 2024, which was valued at USD 2,135.8 billion on a seasonally adjusted annual basis.

Significant changes linked to aspects of construction, such as designs and materials used according to capacity to withstand external changes, are likely to increase demand for chromium phosphate-based coatings. The materials' higher molecular weight provides superior corrosion inhibitor capabilities, which drives the demand from the coatings industry.

Large-scale manufacturing, effective distribution by marketers, and increasing applications across various industries are likely to generate lucrative growth opportunities over the forecast period. In addition, innovation in the paints and coatings industry is expected to fuel the adoption of chromium phosphate from 2025 to 2030.

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Chromium Phosphate Market Report Highlights

• Architectural coatings segment dominated the global market with more than 40% share in 2024 owing to increasing utilization in home décor, furniture, and indoor construction industry.

• Medical coatings segment is expected to experience the fastest CAGR over the forecast period.

• Increasing utilization in coatings manufacturing for additional durability and enhanced properties is generating lucrative opportunities.

• Asia Pacific dominated the chromium phosphate market in 2024 due to multiple manufacturers in countries such as China, the robust paints and coating industry active in the region and increasing utilization by the construction sector.

Chromium Phosphate Market Segmentation

Grand View Research has segmented the global chromium phosphate market on the basis of application and region:

Chromium Phosphate Application Outlook (Revenue, USD Million, 2018 - 2030)

• Architectural Coatings

• Corrosion Inhibitor Coatings

• Medical Coatings

• Chemical Manufacturing

• Other Applications

Chromium Phosphate Regional Outlook (Revenue, USD Million, 2018 - 2030)

• North America

  • U.S.

  • Canada

  • Mexico

• Europe

  • UK

  • Germany

  • France

• Asia Pacific

  • China

  • India

  • Japan

• Central & South America

  • Brazil

  • Argentina

• Middle East & Africa

  • Saudi Arabia

  • South Africa

List of Key Players in the Chromium Phosphate Market

• American Elements

• Nippon Chemical Industrial CO., LTD.

• SHEPHERD CHEMICALS

• Wuhan Youngde Chemical Co., Ltd.

• Zhengzhou Acme Chemical Co., Ltd.

• Incheon Chemical