Trivalent Chromium Finishing Market Size Worth $563.17 Million By 2032 | CAGR: 5.7%

Trivalent Chromium Finishing Market Size Worth $563.17 Million By 2032 | CAGR: 5.7%

The global trivalent chromium finishing market size is expected to reach USD 563.17 million by 2032, according to a new study by Polaris Market Research. The report “Trivalent Chromium Finishing Market Share, Size, Trends, Industry Analysis Report, By System (Plating, Conversion Coatings, and Passivation); By Application; By End-Use; By Region; Segment Forecast, 2023 - 2032” gives a detailed insight into current market dynamics and provides analysis on future market growth.

Demand for the product is anticipated to increase significantly as the automotive sector constantly trying to comply with the end-of-life vehicles directive, that requires use of the trivalent chromium along with the rise in the number of construction projects taking place especially in the developing economies. It is further anticipated that there will be significant increase in the need for trivalent chromic surface treatment procedures including electroplating and conversion of the coatings for decorative interior and exterior finishing of various automotive parts like license plate frames, trim consoles, steering wheel trims, and headlights.

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Trivalent chromium has gained significant traction globally as a environmentally friendly alternative to the hexavalent chromium, with large number of same characteristics like availability in numerous color options and provide scratch & corrosion resistance, as it uses chromium chloride as their major ingredient in place of the chromium trioxide, which makes it less than the hexavalent chromium.

In the recent years, chromium coatings are being widely used in numerous industries to provide surface with the functional properties like hardness, corrosion resistance, low coefficient of friction, and wear resistance. Additionally, decorative chromium coatings consisting a thin layer of chromium to provide a bright surface with the tarnish resistance, when plated over the nickel layer is influencing the adoption of product worldwide.

Trivalent Chromium Finishing Market Report Highlights

  • Plating segment accounted largest market share in 2022, which is mainly driven by growing prevalence of the product in numerous end-use industries including automotive and appliances
  • Decorative segment is anticipated to grow at a high CAGR during the projected period, owing to its ability to provide various types of shades that positively influences the differentiation of product
  • Automotive segment held the significant market revenue share in 2022, mainly due to continuous rise in the sales of automobiles and growing production rate in countries like China and US
  • Asia Pacific region dominated the global market in 2022, owing to increasing use of heavy machinery in manufacturing sector and increased vehicles production capacity in the region
  • The global key market players include Chem Processing, Atotech Deutschland, Midland Polishing, MacDermid Incorporated, and Sarrel Group

Polaris Market Research has segmented the trivalent chromium finishing market report based on system, application, end-use, and region:

Trivalent Chromium Finishing, System Outlook (Revenue - USD Million, 2019 - 2032)

  • Plating
  • Conversion Coatings
  • Passivation

Trivalent Chromium Finishing, Application Outlook (Revenue - USD Million, 2019 - 2032)

  • Decorative
  • Functional

Trivalent Chromium Finishing, End-Use Outlook (Revenue - USD Million, 2019 - 2032)

  • Automotive
  • Oil & Gas
  • Aerospace
  • Hydraulics & Heavy
  • Machinery
  • Others

Trivalent Chromium Finishing, Regional Outlook (Revenue - USD Million, 2019 - 2032)

  • North America
  • U.S.
  • Canada
  • Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
  • Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
  • Latin America
  • Argentina
  • Brazil
  • Mexico
  • Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa