Chrome Ore Market Outlook:
Chrome Ore Market size was valued at USD 4.96 billion in 2025 and is set to exceed USD 7.48 billion by 2035, registering over 4.2% CAGR during the forecast period i.e., between 2026-2035. In the year 2026, the industry size of chrome ore is evaluated at USD 5.15 billion.
The demand for stainless steel in areas such as construction is driving the growth of the market. According to the American Institute of Architects, non-residential building construction in the United States is expected to boost by 3.1 % by 2022. Hotel construction is expected to increase by 8.5% in 2022, while office space construction by 0.2%.
Governments in many regions have implemented policies to promote chrome ore mining. Such efforts are increasing the chrome ore market growth. In 2021, Chromium Ore was the world's 696th most traded product, with a total trade of $2.63B. Between 2020 and 2021 the exports of Chromium Ore grew by 28.3%, from $2.05B to $2.63B. Trade in Chromium Ore represents 0.012% of total world trade.
