Global Automotive Chromium Market

Automotive Chromium Market Size, Share, Growth Analysis, By Application (Decorative Plating, Functional Plating), By End – Use (Two Wheelers, Commercial Vehicles), By Region - Industry Forecast 2025-2032


Report ID: SQMIG15A2299 | Region: Global | Published Date: November, 2024
Pages: 184 | Tables: 62 | Figures: 65

Automotive Chromium Market Insights

Automotive Chromium Market size was valued at USD 1.88 Billion in 2023 and is poised to grow from USD 1.97 Billion in 2024 to USD 2.85 Billion by 2032, growing at a CAGR of 4.7% during the forecast period (2025-2032).

The automotive sector has witnessed a surge in demand for decorative plating due to its application in coating a diverse array of vehicle components including wheel covers, logos & emblems, door handles, interior & exterior trims, mirror housings, among others. The escalating preference for chrome finishes has not only driven the need for advanced production facilities but is also projected to steer market expansion in the coming nine years. Furthermore, the growth trajectory can be attributed to functional chromium, primarily employed in piston rods and piston rings. The burgeoning vehicle demand, particularly in North America and Europe, is poised to exert a positive influence on market dynamics. Within this landscape, decorative plating emerges as the largest application segment, set to garner a significant market share due to the escalating appetite for chroming. The application of decorative chromium atop nickel or copper plating is favored for its strong adhesion, offering robust corrosion protection. With the vehicle count on the rise globally, this trend is anticipated to catalyze market growth over the subsequent nine years.

The passenger vehicle segment's upsurge, facilitated by accessible credit facilities, is anticipated to fuel industry expansion. This, in turn, will amplify the need for chroming in both interior and exterior automobile components. Additionally, the prevalence of chromium extends to two-wheeler components, where its incorporation enhances aesthetics, while also delivering corrosion resistance and wear resilience.

US Automotive Chromium Market is poised to grow at a sustainable CAGR for the next forecast year.

$5,300
BUY NOW GET FREE SAMPLE
Want to customize this report?

Our industry expert will work with you to provide you with customized data in a short amount of time.

REQUEST FREE CUSTOMIZATION

FAQs

Global Automotive Chromium Market size was valued at USD 1.8 billion in 2022 and is poised to grow from USD 1.88 billion in 2023 to USD 2.72 billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).

The industry's competitive scenario has undergone thorough evaluation, encompassing a comprehensive analysis of prominent players. Among these key participants are Allied Finishing Inc., American Electroplating Company, Arlington Plating Company, Atotech, Borough Ltd., Chem Processing Inc., Douglas Metal Finishing Limited, Galva Decoparts Pvt. Ltd., Kakihara Industries Co. Ltd., MacDermid Inc. (Element Solutions Inc.), Plamingo Ltd., and Sarrel. Each player's profile offers insights into their market presence, strategic focus, and contributions to the automotive chromium sector. Allied Finishing Inc., American Electroplating Company, and Arlington Plating Company are recognized for their expertise in delivering high-quality chrome-plated components. Atotech, a significant player, is at the forefront of innovation in eco-friendly plating solutions. Meanwhile, Borough Ltd. and Chem Processing Inc. have displayed prowess in adapting to stringent environmental regulations while maintaining competitiveness. 'Chromium Plating Company', 'Macdermid Enthone (Element Solutions, Inc.)', 'MICRO METAL FINISHING', 'Chem Processing, Inc.', 'MVC Holding', 'American Electroplating Company', 'Borough Ltd', 'Custom Chrome Plating, Inc.', 'Kakihara Industries Co., Ltd.', 'Rotorua Electroplaters', 'SARREL', 'Okawa Asia Co., Ltd.', 'Atotech', 'African Electroplating', 'Allied Finishing, Inc.', 'BASF SE', 'Solvay SA', 'Huntsman Corporation', 'Claraiant AG', 'Akzo Nobel N.V.'

Chromium's properties of corrosion resistance and durability make it essential for components exposed to harsh environmental conditions, extending the lifespan of vehicles.

Shift Towards Eco-Friendly Processes: Increasing environmental concerns are driving the adoption of trivalent chromium plating methods, reducing the reliance on hexavalent chromium. This trend aligns with global sustainability goals.

In 2022, the combined contributions of Germany and the UK constituted a significant share of more than 35% in the European market. This achievement was primarily attributed to the upward trajectory of automotive vehicle production within this geographical domain. Both nations have established themselves as formidable players, engaging in the large-scale manufacture of both passenger and commercial vehicles. The strategic incorporation of chromium, employed innovatively to yield superior components aligned with industry standards, is projected to wield a constructive influence on the market's trajectory over the ensuing nine-year period. This statistical achievement mirrors the substantial manufacturing prowess of Germany and the UK. The symbiotic growth of these countries and the automotive industry is unmistakably linked. Their reputation as leaders in vehicle production stems from their commitment to innovation and efficiency. Notably, their utilization of chromium to enhance components demonstrates a keen focus on quality and adherence to industry demands, giving them a competitive edge on a global scale.

Request Free Customization

Want to customize this report? This report can be personalized according to your needs. Our analysts and industry experts will work directly with you to understand your requirements and provide you with customized data in a short amount of time. We offer $1000 worth of FREE customization at the time of purchase.

logo-images

Feedback From Our Clients

Global Automotive Chromium Market

Report ID: SQMIG15A2299

$5,300
BUY NOW GET FREE SAMPLE