Global Trivalent Chromium Finishing Market to Reach $510.6 Million by 2030
The global market for Trivalent Chromium Finishing estimated at US$357.3 Million in the year 2023, is expected to reach US$510.6 Million by 2030, growing at a CAGR of 5.2% over the analysis period 2023-2030. Trivalent Chromium Plating, one of the segments analyzed in the report, is expected to record a 5.3% CAGR and reach US$428.9 Million by the end of the analysis period. Growth in the Trivalent Chromium Conversion Coatings segment is estimated at 4.8% CAGR for the next 7-year period.
The U.S. Market is Estimated at $94.5 Million, While China is Forecast to Grow at 7.8% CAGR
The Trivalent Chromium Finishing market in the U.S. is estimated at US$94.5 Million in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$111.4 Million by the year 2030 trailing a CAGR of 7.8% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.4% and 4.2% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$69.5 Million by the year 2030.
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