Global Automotive Chromium Market to Reach $3.4 Billion by 2030
The global market for Automotive Chromium estimated at US$2.1 Billion in the year 2023, is expected to reach US$3.4 Billion by 2030, growing at a CAGR of 6.6% over the period 2023-2030. Decorative Plating Application, one of the segments analyzed in the report, is expected to record 7.1% CAGR and reach US$1.9 Billion by the end of the analysis period. Growth in the Functional Plating Application segment is estimated at 6.1% CAGR for the next 7-year period.
The U.S. Market is Estimated at $560.5 Million, While China is Forecast to Grow at 10.1% CAGR
The Automotive Chromium market in the U.S. is estimated at US$560.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$805.9 Million by the year 2030 trailing a CAGR of 10.1% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 4% and 5.4% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.9% CAGR.
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