What Has Driven the Growth of the Automotive Chromium Finishing Market in Recent Years?
The automotive chromium finishing market has seen considerable growth due to a variety of factors.
•The market for automotive chromium finishing has seen consistent growth over the past few years. With a compound annual growth rate (CAGR) of 2.6%.
the market size is projected to increase from $4.3 billion in 2024 to $4.41 billion in 2025. Factors such as demand for aesthetics and corrosion resistance, trend towards luxury vehicles, adherence to regulations, customizations in the aftermarket, and a rise in vehicle production have all contributed to the growth experienced in the historic time span.
What is the Market Size Forecast for the Automotive Chromium Finishing Market?
The automotive chromium finishing market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for automotive chromium finishing is poised to attain stable expansion in the approaching years, with estimates predicting a boost to $5.2 billion in 2029 at a compound annual growth rate (CAGR) of 4.2%.
Factors driving the growth during the forecast period include trends in electric vehicle design, emphasis on sustainable finishing methods, expansion in emerging markets, and the evolution of connected and autonomous vehicles, as well as a shift towards non-hexavalent chromium. The forecast period is also likely to witness considerable trends like the adoption of advanced chromium plating technologies, preference for matte finishes and color divergence, collaborations with automotive designers, maneuvers towards recyclability and circular economy, and strategic alliances for research and development endeavors.
What Are The Core Factors Supporting Growth In The Automotive Chromium Finishing Market?
The rise in luxury vehicle sales is anticipated to spur the advancement of the automotive chromium finishing market. These vehicles provide added luxuries that enhance driver comfort and status, and incorporating chromium finishing with its shiny, impressive surface and anti-rust properties adds a classic touch of luxury. For example, per the data from Cox Automotive, a US auto firm, the proportion of luxury car sales remained at a historical high even with a marginal increment from 17.8% in October to 18.2% in November 2022. Consequently, the surge in luxury vehicle sales is fueling the expansion of the automotive chromium finishing market.
What Are The Major Segments Within The Global Automotive Chromium Finishing Market?
The automotive chromium finishing market covered in this report is segmented –
1) By Base Material: Metal, Plastics
2) By Process: Decorative Chrome, Hard Chrome
3) By Vehicle: Passenger Car, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Two-Wheelers
4) By End-User: Automotive Original Equipment Manufacturer (OEM), Automotive After market
Subsegments:
1) By Metal: Steel, Aluminum, Copper
2) By Plastics: ABS (Acrylonitrile Butadiene Styrene), Polycarbonate, PVC (Polyvinyl Chloride)
Pre-Book The Automotive Chromium Finishing Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Trends Are Expected To Transform The Automotive Chromium Finishing Market?
One major trend emerging in the automotive chromium finishing market is the focus on product innovation. To maintain their market standing, significant companies in the automotive chromium finishing industry are pioneering unique product developments. For instance, STEK USA Inc., renowned for manufacturing ceramic coatings, films, and auto care products in the US, introduced the DYNOchrome series in March 2023. This marks the first-ever chrome paint protection film globally, uniquely crafted using advanced technology and entirely TPU-based plastic film, delivering natural metal finishing. The DYNOchrome features a top-coated film along with a self-healing, hydrophobic layer, and it comes with a 10-year warranty coverage for manufacturing flaws.
Who Are the Key Players in the Automotive Chromium Finishing Market?
Major companies operating in the automotive chromium finishing market include:
• Atotech Deutschland GmbH
• Sarrel Group
• MacDermid Incorporated
• COLLINI GRUPPE
• Collini GmbH
• Eakas Corporation
• Synergies Castings Limited
• MVC Holdings LLC
• Techmetals Inc.
• Allied Finishing Inc.
• United States Chrome Corporation
• Chem Processing Inc.
• Electro-Spec Inc.
• Micro Metal Finishing LLC
• Borough Ltd.
• Taiyo America Inc.
• Hadronics Inc.
• Roll Technology Corp.
• Valley Chrome Plating Inc.
• SAT Plating LLC
• FH Lambert Limited
• American Electroplating Company
• Rotorua Electroplaters Ltd.
• Ogawa Asia Co. Ltd.
• Kakihara Industries Co. Ltd.
• Chromium Inc.
• Ultra Plating Corporation
• Pentrate Metal Processing Inc.
• Pentrate Metal Processing
• Seminole Metal Finishing Inc.
What Is The Most Dominant Region In The Automotive Chromium Finishing Market?
Asia-Pacific was the largest region in the automotive chromium finishing market in 2024. The regions covered in the automotive chromium finishing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa
