Market Insights:
Trivalent chromium
finishing market is expected to gain huge dividends by the end of the forecast
period. Moreover, trivalent chromium plating method is safe for factory workers
and can bode well for the market. High demand for trivalent chromium finishing
in the automotive sector is projected to widen the scope of the market
exponentially. This can be attributed to the heightened production of vehicles
by the automotive sector in 2018. Furthermore, the preference for the method
for interior and exterior applications is likely to augur well for the market.
Competitive
Analysis:
ü Chem
Processing, Inc.
ü Midland
Polishing & Plating Ltd.
ü Three
J's Industries, Inc.
ü ASTERION,
LLC
ü CHEMEON
Surface Technology, LLC
ü Atotech
ü Electro
Chemical Finishing
ü MacDermid,
Inc.
ü Master
Finish Company
ü Ronatec
C2C, Inc.
Industry
Segmentation Analysis:
The global
trivalent chromium finishing market is segmented by technology, material,
function, and application.
By type,
plating accounted for 83.96% market share in 2017, followed by conversion
coatings (12.58%) and passivation (3.46%). The plating segment can touch a
value of USD 350 million by 2025. This can be attributed to its use in
aerospace and automotive sectors. It is predicted to accumulate close to
99,424.38 tons by the end of the forecast period. Conversion coatings, on the
other hand, can generate close to USD 51,372.29 million by 2025.
By
application, the automotive segment can exhibit 6.26% CAGR over the forecast
period to reach a value of USD 133 million by 2025. Hydraulics and heavy
machinery can display a strong 5.40% CAGR to accrue close to USD 91,607.82
million by 2025.
Regional
Analysis:
Geographically,
the trivalent chromium finishing market is segmented into Europe, Asia Pacific
(APAC), North America, Latin America, and the Middle East & Africa (MEA).
APAC accounted for 44.22% market share in 2017, followed by Europe (23.22%),
and North America (16.72%).
The APAC
region can generate close to USD 188 million by 2025, growing at 6.17% CAGR
over the forecast period. This can be attributed to its huge consumption by the
automotive industry in China, India, South Korea, and Thailand. Moreover, the
demand for vehicles and the shift by major automotive producers to the region
to cater to consumer demand for decorative finishes can fuel the regional
trivalent chromium finishing market.
On the other
hand, the Europe trivalent chromium finishing market can reach a valuation of
USD 96,060.66 million by 2025. It can accumulate a volume close to 26,609.23
tons by the end of the forecast period. The North America region can touch a
value close to USD 67,914.6 million by 2025.
Intended
Audience:
- Trivalent chromium
finishing manufacturers
- Trivalent chromium
finishing service providers
- Traders and
distributors of trivalent chromium finishing
- Production process
industries
- Potential
investors
- Raw material
suppliers
- Nationalized
laboratory
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