Automotive Chromium Finishing Market: Recent Trends, Regional Revenue and Forecast to 2027

Automotive chromium finishing market share is projected to surpass USD 4.5 billion by 2027. Rising sales of sports & premium cars across major parts of the world coupled with increasing share of EV technology in automotive sector in these regions has evoked the demand for chrome surface finish. Besides, rising propensity towards pre-owned vehicles and growing disposable income is favoring the demand for chromium plated finish further.

Demand for automotive chromium finishing tools in passenger cars will gain substantial traction by 2027. This can be attributed to the higher preference for pre-owned vehicles and the surge in the household incomes of consumers.

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Application of chromium finishing components across the automotive OEM sector will be responsible for considerable a growth rate in the coming years considering the longer lifespan of the automotive parts. Citing this with an example, the piston rings of a sports car operate at close to 300,000 miles and are further subject to change across various vehicle categories. This increases the replacement frequency of the OEM parts apart from cutting down the need for chrome finishing on the existing parts in short intervals.

The value of decorative chrome processes in the automotive chromium finishing market is anticipated to hold a major revenue share through 2027. This is in line with the growing requirement to enhance the appearance and shiny polishes on the vehicle parts. Also, the rising adoption of electric cars will add positive impetus to the demand for decorative chrome finishing in automobiles.

The expansion in the number of luxury vehicles will bolster the need for chromium finishing, mainly in the U.S., China, and various European countries. This has resulted in the higher deployment of EV technology across the automotive sector in these areas. Furthermore, numerous automotive manufacturers are coming up with innovations to offer a lustrous and bright finish on the vehicle body and parts.

On the other hand, the market value from two-wheelers will reach over 5% of the global share in the same year due to their increasing use and the hike in premium motorcycles sales.

Global revenue from the steel segment for automotive chromium finishing solutions is expected to hit a 2.5% CAGR through the next few years. This can be owed to the increasing preference for this metal in comparison to others. It has been estimated that an average passenger car that weighs up to 1.4 tons makes use of over 75% of the steel products.

The automotive chromium finishing market in North America is expected to record an appreciable CAGR of around 2.5% through 2027. Expanding automotive industry in the U.S. coupled with increasing consumer preference for overall luxury cars as well as electric vehicles is fostering the growth of automotive chromium finishing industry in North America.

Solution providers in automotive chromium finishing are working on several strategies to extend their offerings and sustain competition, specifically in the present COVID-19 industrial crisis. For instance, Atotech, in August 2020, received approval for CM626, from Fiat Chrysler Automobiles. The offering is its brand-new color code for a decorative satin trivalent chromium finish used in interior and exterior applications.

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Some Point from Table of Contents:

Chapter 4   Automotive Chromium Finishing Market, By Base Material

4.1    Global automotive chromium finishing market base material insights

4.2    Metal

4.2.1 Market estimates and forecast, 2017 - 2027

4.2.2 Market estimates and forecast, by region, 2017 - 2027

4.2.2 Steel

4.2.2.1   Market estimates and forecast, 2017 - 2027

4.2.2.2   Market estimates and forecast, by region, 2017 - 2027

4.3.2 Aluminum

4.3.2.1   Market estimates and forecast, 2017 - 2027

4.3.2.2   Market estimates and forecast, by region, 2017 - 2027

4.3.3 Others (zinc, nickle. non-ferrous metals, etc.)

4.3.3.1   Market estimates and forecast, 2017 - 2027

4.3.3.2   Market estimates and forecast, by region, 2017 - 2027

4.4    Plastics

4.4.1 Market estimates and forecast, 2017 - 2027

4.4.2 Market estimates and forecast, by region, 2017 - 2027

Chapter 5   Automotive Chromium Finishing Market, Process By End-user

5.1    Global automotive chromium finishing market process by end-user insights

5.2    Decorative chrome

5.2.1 Market estimates and forecast, 2017 - 2027

5.2.2 Market estimates and forecast, by end-user, 2017 - 2027

·  Automotive OEM

·  Automotive aftermarket

5.2.2 Market estimates and forecast, by region, 2017 - 2027

5.3    Plastics

5.3.1 Market estimates and forecast, 2017 - 2027

5.3.2 Market estimates and forecast, by end-user, 2017 - 2027

·  Automotive OEM

·  Automotive aftermarket

5.3.2 Market estimates and forecast, by region, 2017 - 2027

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