Feb 09, 2021: Global Trivalent Chromium Finishing Market is anticipated to reach USD 379.1 million by 2025. The market is anticipated to grow at a healthy rate in the years to come. The factors that propel the growth of the market include rising awareness about safety and health coupled with governing mandates to impose trivalent chromium as a replacement for hexavalent chromium, and extensive investigation to decrease the use of destructive chemicals in the chrome finishing procedure. The trivalent chromium finishing industry is anticipated to grow at a significant CAGR of 5.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe.
Trivalent
chromium finishing market may be explored by system, application, end use, and
geography. The market may be explored by system as Plating, Passivation, and
Conversion Coatings. The “Trivalent Chromium plating” dominated the market in
2016 and is anticipated to maintain its dominance by 2025. As compared to
coating, plating has gained higher share because of huge acceptance in
productions such as appliance, architecture, and automotive.
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Trivalent
chromium finishing industry may be explored by application as Decorative, and
Functional. The “Decorative” segment dominated the market in 2016 and
anticipated to maintain its dominance by 2025. Availability of different shades
and product differentiation could be attributed to decorative applications.
Chromium improves the appearance of components giving rise to a glossy and
corrosion resistant surface.
Trivalent
chromium finishing market may be explored by end use as Automotive, Aerospace,
Oil & Gas, Machinery, Hydraulics & Heavy, and Others may include
Architectural Industry, Appliance Industry, Hardware Industry, and Fastener
Industry. The “Automotive” segment dominated the trivalent chromium finishing
industry in 2016 and is anticipated to maintain its dominance by 2025. The
“Automotive” segment could be further explored as passenger vehicles, commercial
vehicles, and two-wheeler.
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Europe
accounted for the major share of the Trivalent Chromium Finishing Market Size
in 2016 and will continue to lead in the forecast period. The factors that
could be attributed to the occurrence of regulatory guidelines and rising trend
toward compliance of governing rules. Some of the key players that fuel the
growth of the trivalent chromium finishing industry comprise Kakihara
Industries Co., Ltd., Sarrel Group, Atotech Deutschland GmbH, Ronatec C2C, Inc,
Chem Processing, Inc, MacDermid Incorporated. The leading companies are taking
up partnerships, mergers and acquisitions, and joint ventures in order to boost
the inorganic growth of the industry.
Market Segment:
Trivalent Chromium Finishing System Outlook
(Revenue, USD Million; 2014 - 2025)
• Plating
• Decorative Plating
• Functional Plating
• Conversion Coatings
• Decorative Conversion Coatings
• Functional Conversion Coatings
• Passivation
Trivalent Chromium Finishing Application Outlook
(Revenue, USD Million; 2014 - 2025)
• Decorative
• Functional
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