Automotive Chromium Market Expected to Grow at a CAGR of 4.8% | Latest Research by The Market Reports

The global Automotive Chromium market was valued at US$ 1503.6 million in 2020 and it is expected to reach US$ 2092.5 million by the end of 2027, growing at a CAGR of 4.8% during 2021-2027.

Chromium plating is being increasingly used for plating various passenger vehicle components such as bumpers, grills, mirror covers, inner & outer door handle, interior decorative parts, headrest and other parts. Chromium plating process involves different steps which include degreasing, cleaning dirt & impurities, different types of pretreatment varying according to substrate material.

Germany and UK cumulatively accounted over 35% of the Europe market in 2015 on account of rising automotive vehicle production in this region. These countries are engaged in manufacturing passenger and commercial vehicle on large scale. The innovative use of chromium to provide quality components as per the industry requirement is expected to have a positive impact on the market over next nine years.

Global Automotive Chromium Market: Drivers and Restrains

The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2016 to 2027. This section mentions the volume of production by region from 2016 to 2027. Pricing analysis is included in the report according to each type from the year 2016 to 2027, manufacturer from 2016 to 2021, region from 2016 to 2021, and global price from 2016 to 2027.

A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.

Global Automotive Chromium Market: Segment Analysis

The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2016 to 2027.

Key Companies profiled in this report are Macdermid Enthone Inc., Kakihara Industries Co., Ltd., Sarrel, MVC Holdings, LLC. and more in terms of market share by sales, revenue, average pricing, product type, margins, recent developments etc.

Find more details at: https://www.themarketreports.com/report/global-automotive-chromium-market-outlook

Segment by Type

  • Decorative Plating
  • Functional Plating

Segment by Application

  • Passenger Vehicles
  • Commercial Vehicles

Table of Content:

1 Automotive Chromium Market Overview

2 Market Competition by Manufacturers

3 Production and Capacity by Region

4 Global Automotive Chromium Consumption by Region

5 Production, Revenue, Price Trend by Type

6 Consumption Analysis by Application

7 Key Companies Profiled

8 Automotive Chromium Manufacturing Cost Analysis

9 Marketing Channel, Distributors and Customers

10 Market Dynamics

11 Production and Supply Forecast

12 Consumption and Demand Forecast

13 Forecast by Type and by Application (2022-2027)

14 Research Finding and Conclusion

15 Methodology and Data Source

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