Chromium phosphate, chemically known as orthophosphate of phosphoric acid or chromium salt, is an inorganic compound insoluble in water. According to BlueQuark Research and Consulting, the global Chromium phosphate market is expected to grow considerably during the forecasted period. Factors such as the rapid increase in urbanization worldwide have escalated the demand for architectural coatings, a significant driver of the global chromium phosphate market in the forecasted period. Further, increasing demand for metal finishing from the automotive industry is predicted to drive the global Chromium phosphate market in the forecasted period. Furthermore, chromium phosphate is used in the pharmaceutical industry to manufacture drugs for leukaemia, arthritis, and haemangioma and is expected to drive the Chromium phosphate market in the forecasted period. However, the changes in prices of raw materials used to manufacture chromium phosphate have negatively impacted the Chromium phosphate market in the forecasted period.

The growing demand for architectural coatings is expected to be the critical driving force for the market on a global level. Chromium phosphate is a chemical compound increasingly used in paints and coatings for various architectural and building structures. The chemical majorly helps provide corrosion resistance to colours and protects the buildings. Generally, chromium phosphate has been used to prepare paints on doors, windows, and other exterior applications and interiors, such as floors and wall paintings. Globally, the construction sector has been witnessing decent growth in developing countries. The demand for chromium phosphate from the construction industry holds a significant share among all other applications. Chromium phosphate-based coatings are used as a paint base for exterior applications and extrusions in doors and windows. Used interchangeably with decorative coatings, architectural coatings are applied in new and existing residential, commercial, and industrial buildings. In addition to protecting from impact and abrasion, they help beautify and preserve architectural designs. Chromium phosphate is used in the construction industry to produce anti-corrosion coatings. Construction activities and favourable government measures in Asia-Pacific are likely to increase the construction activities in the region, which is further projected to increase the demand for architectural paints and coatings. 

Asia-Pacific is awaited to dominate the overall market, owing to the highly developed chemical and construction sectors in China, Singapore, and Japan, coupled with continuous investments in the region to advance the medical technology sector through the years. In the recent past, chromium phosphate gained demand from the medical industry, and it is being majorly used for leukaemia and haemangioma medicines. Corrosion inhibitors are one of the significant applications for chromium phosphate. Chromium phosphate is used for corrosion inhibitor purposes and to increase the efficiency and lifetime of chemical and petrochemical manufacturing equipment. Apart from architectural coatings, chromium phosphate is converted into consistent films applied on metals frequently used in manufacturing and utility, such as zinc, aluminium, and their alloys. It is applied on different surfaces by several methods, such as electroplating, immersing, or spraying the solution. Moreover, chromium phosphate is used as a catalyst in several chemical reactions, such as the dehydration of alcohol to ethers. It is used in the polymer industry to produce laminated structures for dampening motor noise and vibrations. Growth in the corrosion inhibitors industry is also expected to impact the Chromium phosphate market over the next few years favourably. Chromium phosphate-based coatings provide superior corrosion protection on aluminium and offer adhesion properties when used under organic layers. Since corrosion inhibitors can help extend equipment life, avoid contamination, preserve the cosmetic appearance, and prevent system shutdowns, they have witnessed many adoptions. Chromium (III) phosphate suspension can be used to treat leukaemia. Furthermore, it can be used to treat complications arising from ailments, including haemophilia and rheumatoid arthritis. The automotive sales, including passenger cars, light commercial vehicles, heavy commercial vehicles, and buses, increased due to the region's urbanization and per capita income. Moreover, industrial chromium phosphate coatings offer superior weather resistance and enhance the appearance of automobiles. The manufacturers of self-cleaning and self-healing coatings worldwide are increasingly investing in R&D activities to develop paints and coatings that will eliminate the need for multiple application coatings on vehicles. However, self-cleaning and self-healing coatings are yet to be manufactured by coating manufacturers at a large scale as the production costs associated with them are high. Therefore, the increase in the adoption of self-healing and self-cleaning coatings seems highly probable, which can propel the Chromium phosphate market growth during the forecasted period. Continuous growth in construction activities in developing regions and increasing applications for corrosion inhibition and medical purposes are expected to drive the market for chromium phosphate.

Some market key players are American Elements, Bayer AG, Brenntag AG, CHEMOS GmbH, and Chemetall GmbH.

In Oct 2022, CHEMOS GmbH and Co. KG offered home security cameras, namely Arlo Pro 3 Floodlight Camera, doorbell, and Arlo security cameras.

Global Chromium Phosphate Market report provides deep insight into the Industrial market's current and future state across various regions. The study comprehensively analyses the Chromium Phosphate Market by segmenting based on By Industry Vertical (Chemical, Pharmaceutical, Construction, Paints, Others), By Application (Coatings, Corrosion Inhibitor, Catalyst, Others), and Geography (Asia-Pacific, North America, Europe, South America, and Middle East & Africa). The report examines the market drivers and restraints and the impact of Covid-19 on market growth in detail. The study covers emerging market trends, development, opportunities, and challenges in the industry. This report also covers extensively researched competitive landscape sections with prominent companies and profiles, including their market shares and projects.