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.
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.
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.
Trivalent Chromium Finishing System Outlook (Revenue, USD Million; 2014 - 2025)
• Decorative Plating
• Functional Plating
• Conversion Coatings
• Decorative Conversion Coatings
• Functional Conversion Coatings
Trivalent Chromium Finishing Application Outlook (Revenue, USD Million; 2014 - 2025)
Trivalent Chromium Finishing End Use Outlook (Revenue, USD Million; 2014 - 2025)
• Oil & Gas
• Hydraulics & Heavy
• Appliance Industry
• Architectural Industry
• Fastener Industry
• Hardware Industry
Trivalent Chromium Finishing Regional Outlook (Revenue, USD Million; 2014 - 2025)
• North America
• Asia Pacific
• Central & South America
• Middle East & Africa
Research Support Specialist, USA