Global Automotive Chromium Market 2024-2028
Global Automotive Chromium Market 2024-2028
The automotive chromium market is forecasted to grow by USD 443.1 mn during 2023-2028, accelerating at a CAGR of 4.5% during the forecast period. The report on the automotive chromium market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.
The report offers an up-to-date analysis regarding the current market scenario, the latest trends and drivers, and the overall market environment. The market is driven by increasing demand for decorative chrome plating, increasing use of wear-resistant and durable products, and rising demand for chromium in automotive industry.
Technavio's automotive chromium market is segmented as below:
- By Application
- Decorative plating
- Functional plating
- By Geographical Landscape
- Europe
- APAC
- North America
- South America
- Middle East and Africa
This study identifies the rising demand for thin coatings in automotive industry as one of the prime reasons driving the automotive chromium market growth during the next few years. Also, growing popularity of trivalent chromium in plating solutions and evolving adoption of artificial intelligence in hard chromium plating solutions will lead to sizable demand in the market.
The report on the automotive chromium market covers the following areas:
- Automotive chromium market sizing
- Automotive chromium market forecast
- Automotive chromium market industry analysis
The robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading automotive chromium market vendors that include American Electroplating Co., Arlington Plating Co., Ashford Chroming Ltd., Atotech, Borough, Douglas Metal Finishing Ltd., Element Solutions Inc., Elsyca NV, Galva Decoparts Pvt. Ltd., Kakihara Industrial Co. Ltd., Koch Industries Inc., Metzka GmbH, Novex cz, Plamingo Ltd., Royal Plating, SARREL, SYNERGIES CASTINGS Ltd., TFC Group LLC, US Chrome Corp., and Valley Chrome Plating Inc.. Also, the automotive chromium market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.
The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.
The publisher presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. The market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.