The Global Chromium Formate Market was valued at USD 65.8 Million in 2024 and is projected to reach USD 89.3 Million by 2030, growing at a Compound Annual Growth Rate (CAGR) of 5.2% during the forecast period (2024–2030). This consistent growth is primarily driven by the sustained demand from the leather tanning industry, advancements in photographic chemicals, and increasing applications within the broader chemical manufacturing sector.

As industries worldwide seek more efficient and environmentally compliant chemical solutions, chromium formate continues to be a critical compound valued for its properties. In this blog, we profile the Top 10 Companies in the Chromium Formate Industry—a group of established chemical manufacturers and specialty suppliers shaping the supply chain and innovation landscape for this essential chemical.

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🔟 1. Sun Industries

Headquarters: Mumbai, Maharashtra, India
Key Offering: High-Purity Chromium Formate, Technical Grade Chemicals

Sun Industries is a prominent manufacturer and supplier of industrial chemicals, including high-purity chromium formate. The company serves a diverse clientele across the leather tanning, textile, and chemical processing industries, with a strong distribution network throughout India and export markets.

Key Market Initiatives:

• Focus on consistent quality and purity standards

• Expansion of production capacity to meet growing Asian demand

• Investment in sustainable manufacturing processes

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9️⃣ 2. Muby Chemicals

Headquarters: Mumbai, Maharashtra, India
Key Offering: Laboratory Grade Chromium Formate, Custom Chemical Formulations

Muby Chemicals has built a reputation as a reliable supplier of fine and specialty chemicals. Their chromium formate is used in both industrial applications and research laboratories, emphasizing precision and reliability for critical processes.

Key Market Initiatives:

• Specialization in high-purity grades for R&D applications

• Strong B2B customer relationships and technical support

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8️⃣ 3. MS CHEMICALS

Headquarters: Vapi, Gujarat, India
Key Offering: Industrial Grade Chromium Formate, Chemical Intermediates

MS CHEMICALS is an established player in the chemical manufacturing sector, producing a range of metal salts and organic compounds. Their chromium formate is a key product line, catering primarily to the leather tanning and finishing industries.

Key Market Initiatives:

• Robust manufacturing infrastructure in a major Indian chemical hub

• Competitive pricing strategy for volume buyers

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7️⃣ 4. Anchor Chemicals Industries

Headquarters: Mumbai, Maharashtra, India
Key Offering: Chromium Formate, Chromium Acetate, Other Metal Salts

Anchor Chemicals Industries specializes in the production of chromium-based chemicals. With decades of experience, the company has developed significant expertise in the synthesis and application of chromium formate, making it a trusted supplier for tanneries and chemical formulators.

Key Market Initiatives:

• Vertical integration in chromium chemical production

• Focus on product consistency and supply chain reliability

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6️⃣ 5. Justdial

Headquarters: Mumbai, Maharashtra, India
Key Offering: B2B Marketplace connecting buyers with Chromium Formate suppliers

Justdial operates as a leading local search engine and B2B marketplace in India. While not a manufacturer, it plays a crucial role in the market ecosystem by connecting a vast network of small and medium-sized chemical suppliers, including those offering chromium formate, with potential buyers.

Key Market Initiatives:

• Digital platform facilitating easy access to suppliers

• Enhancing market transparency and competition

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5️⃣ 6. Shanxi Shangnan Dongzheng Chemical Co., Ltd

Headquarters: Taiyuan, Shanxi, China
Key Offering: Chromium Formate, Inorganic Chemical Salts

As a Chinese chemical manufacturer, Shanxi Shangnan Dongzheng Chemical contributes significantly to the Asia-Pacific supply of chromium formate. The company leverages China’s extensive chemical manufacturing infrastructure to serve both domestic and international markets.

Key Market Initiatives:

• Expansion of production capabilities to capitalize on regional demand

• Competitive positioning in the global export market

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4️⃣ 7. Sajan Overseas

Headquarters: Ahmedabad, Gujarat, India
Key Offering: Chromium Formate, Chemical Exports

Sajan Overseas is an export-oriented company specializing in the international trade of industrial chemicals. They source and supply chromium formate to various global markets, acting as a key link between Indian manufacturers and international customers.

Key Market Initiatives:

• Strong logistics and international trade compliance expertise

• Building long-term partnerships with overseas buyers

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3️⃣ 8. PK CHLOROCHEM PVT LTD

Headquarters: Mumbai, Maharashtra, India
Key Offering: Specialty Chemicals including Chromium Formate

PK CHLOROCHEM is a chemical company with a diverse portfolio that includes chromium-based compounds. The company focuses on meeting the specific requirements of industrial clients who need reliable and consistent quality in their chemical inputs.

Key Market Initiatives:

• Customer-centric approach with tailored solutions

• Maintaining stringent quality control measures

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Chromium Formate Market – View in Detailed Research Report

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2️⃣ 9. Anmol Chemicals Group

Headquarters: Mumbai, Maharashtra, India
Key Offering: Pharmaceutical and Industrial Grade Chromium Formate

Anmol Chemicals Group is a well-established manufacturer of a wide array of chemicals, serving industries from pharmaceuticals to heavy industry. Their production of chromium formate adheres to high standards, making it suitable for sensitive applications.

Key Market Initiatives:

• Diversified chemical portfolio reducing market dependency risks

• Investment in R&D for new application development

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1️⃣ 10. Acit Meta Chem

Headquarters: Delhi, India
Key Offering: Metal Salts, including Chromium Formate

Acit Meta Chem rounds out the top ten as a specialist in metal salts and inorganic compounds. The company supplies chromium formate to various end-user industries, emphasizing product quality and customer service.

Key Market Initiatives:

• Niche focus on metal salt chemistry

• Building a reputation for reliability in a competitive market

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Chromium Formate Market – View in Detailed Research Report

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🌍 Outlook: The Future of Chromium Formate Is Tied to Sustainable Industrial Practices

The chromium formate market is evolving in response to global industrial trends. While traditional applications like leather tanning remain the primary demand driver, the industry is navigating challenges and opportunities related to environmental regulations and technological advancements.

📈 Key Trends Shaping the Market:

• Increasing environmental regulations impacting traditional tanning processes

• Research into greener alternatives and recycling of chromium in industrial waste streams

• Steady demand from emerging economies with growing leather goods and textile industries

• Consolidation among chemical suppliers to improve efficiency and market reach

Get Full Report Here:
Chromium Formate Market – View in Detailed Research Report

The companies listed above are not only supplying a crucial industrial chemical—they are navigating a complex landscape of environmental responsibility and market evolution.