PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449617
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1449617
Trivalent Chromium Finishing Market, By System, By Application, By End-use, By Geography
The Trivalent Chromium Finishing Market size is valued at US$ 331.3 Million in 2024 and is expected to reach US$ 444 Million by 2031, growing at a compound annual growth rate (CAGR) of 4.3% from 2024 to 2031.
| Report Coverage | Report Details | ||
|---|---|---|---|
| Base Year: | 2023 | Market Size in 2023/2024: | US$ 331.3 Mn |
| Historical Data for: | 2019 to 2023 | Forecast Period: | 2024 - 2031 |
| Forecast Period 2023/2024 to 2030/2031 CAGR: | 4.30% | 2030/2031 Value Projection: | US$ 444 Mn |
Trivalent chromium finishing is the process of electroplating a thin layer of chromium onto the surface of a metal substrate. Chromium plating provides corrosion resistance, wear resistance, and an aesthetically pleasing shine to the substrate. The process involves submerging a metal part in a water-based solution containing trivalent chromium salts and electrical current is applied to deposition a microscopically thin chrome layer on the substrate surface. Trivalent chromium is less toxic and more environmentally friendly than previous hexavalent chromium finishing methods. It protects metal surfaces from corrosion and abrasion and improves appearance in various industrial and architectural applications. Trivalent chromium coatings are known to provide excellent corrosion protection, hardness, wear and chemical resistance properties. Stringent environmental regulations regarding the use of hexavalent chromium have stimulated greater adoption of trivalent chromium finishing processes in recent years. Advancements in plating technologies have improved the decorative appeal and durability of trivalent chromium coatings. The global trivalent chromium finishing market is expected to grow significantly over the forecast period owing to rising industrialization and manufacturing activities worldwide.
Market Dynamics:
The trivalent chromium finishing market is driven by stringent environmental regulations banning the use of carcinogenic hexavalent chromium globally. The EU REACH and UL standards necessitating the shift to non-toxic trivalent chrome plating, along with initiatives by the Environmental Protection Agency (EPA), are boosting market growth. The growing construction and automotive industries utilizing decorative and functional chrome plating are augmenting demand. However, the availability of alternative surface treatment methods can restrain the market. The development of green trivalent chrome plating solutions without restricting corrosion protection or operational properties offers opportunities for market expansion.
Key features of the study:
This report provides in-depth analysis of the global trivalent chromium finishing market, and provides market size (US$ Million) and compound annual growth rate (CAGR%) for the forecast period (2024-2031), considering 2023 as the base year.
It elucidates potential revenue opportunities across different segments and explains attractive investment proposition matrices for this market
This study also provides key insights about market drivers, restraints, opportunities, new product launches or approval, market trends, regional outlook, and competitive strategies adopted by key players
It profiles key players in the global trivalent chromium finishing market based on the following parameters - company highlights, products portfolio, key highlights, financial performance, and strategies
Key companies covered as a part of this study include Kakihara Industries Co., Ltd.; Ronatec C2C, Inc., MacDermid, Inc.; Atotech; Sarrel Group; Chem Processing, Inc.
Insights from this report would allow marketers and the management authorities of the companies to make informed decisions regarding their future product launches, type up-gradation, market expansion, and marketing tactics
The global trivalent chromium finishing market report caters to various stakeholders in this industry including investors, suppliers, product manufacturers, distributors, new entrants, and financial analysts
Stakeholders would have ease in decision-making through various strategy matrices used in analyzing the global trivalent chromium finishing market
Trivalent Chromium Finishing Market Segmentation
- Trivalent Chromium Finishing Market by System
- Plating
- Decorative Plating
- Functional Plating
- Conversion Coatings
- Decorative Conversion Coatings
- Functional Conversion Coatings
- Passivation
- Trivalent Chromium Finishing Market by Application
- Decorative
- Functional
- Trivalent Chromium Finishing Market by End-use
- Automotive
- Oil & Gas
- Aerospace
- Hydraulics & Heavy Machinery
- Others
- Trivalent Chromium Finishing Market by Region
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East & Africa
- Top companies in Trivalent Chromium Finishing Market.
- Kakihara Industries Co., Ltd.;
- Ronatec C2C, Inc.,
- MacDermid, Inc.;
- Atotech;
- Sarrel Group;
- Chem Processing, Inc.
Table of Contents
1. Research Objectives and Assumptions
- Research Objectives
- Assumptions
- Abbreviations
2. Market Purview
- Report Description
- Market Definition and Scope
- Executive Summary
- Trivalent Chromium Finishing Market, By System
- Trivalent Chromium Finishing Market, By Application
- Trivalent Chromium Finishing Market, By End-Use
- Trivalent Chromium Finishing Market, By Region
- Coherent Opportunity Map (COM)
3. Market Dynamics, Regulations, and Trends Analysis
- Market Dynamics
- Driver
- Understanding the growing need for space exploration
- Space flight safety
- Restraint
- Opportunities
- Impact Analysis
- Key Highlights
- Regulatory Scenario
- Product Launches/Approvals
- PEST Analysis
- PORTER's Analysis
- Merger and Acquisition Scenario
4. Trivalent Chromium Finishing Market -Impact of Coronavirus (COVID-19) Pandemic
- COVID-19 Epidemiology
- Supply Side and Demand Side Analysis
- Impact Space Medicine Market
5. Trivalent Chromium Finishing Market, By System, 2019-2031, (US$ Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Plating
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Decorative Plating
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Functional Plating
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Conversion Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Decorative Conversion Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Functional Conversion Coatings
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Passivation
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
6. Trivalent Chromium Finishing Market, By Application, 2019-2031, (US$ Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Decorative
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Functional
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2018-2030,(US$ Mn)
7. Trivalent Chromium Finishing Market, By End-Use , 2019-2031, (US$ Mn)
- Introduction
- Market Share Analysis, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, 2020 - 2031
- Segment Trends
- Automotive
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Oil & Gas
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Aerospace
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Hydraulics & Heavy Machinery
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
- Others
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, 2019-2031,(US$ Mn)
8. Trivalent Chromium Finishing Market , By Region, 2019-2031, (US$ Mn)
- Introduction
- Market Share Analysis, By Region, 2024 and 2031 (%)
- Y-o-Y Growth Analysis, For Region 2020 -2031
- Country Trends
- North America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By System, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
- U.S.
- Canada
- Latin America
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By System, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019-2031 (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
- Brazil
- Argentina
- Mexico
- Rest of Latin America
- Europe
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By System, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031 (US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End User, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031 (US$ Mn)
- Germany
- U.K.
- Spain
- France
- Italy
- Russia
- Rest of Europe
- Asia Pacific
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By System, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
- China
- India
- Japan
- Australia
- South Korea
- ASEAN
- Rest of Asia Pacific
- Middle East
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By System, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country, 2019-2031,(US$ Mn)
- GCC Countries
- Israel
- Rest of Middle East
- Africa
- Introduction
- Market Size and Forecast, and Y-o-Y Growth, By System, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Application, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By End Use, 2019-2031,(US$ Mn)
- Market Size and Forecast, and Y-o-Y Growth, By Country/Region, 2019-2031,(US$ Mn)
- South Africa
- North Africa
- Central Africa
9. Competitive Landscape
- Kakihara Industries Co., Ltd.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Ronatec C2C, Inc.
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- MacDermid, Inc.,
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Atotech
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Chem Processing, Inc,
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Sarrel Group,
- Company Highlights
- Product Portfolio
- Key Highlights
- Financial Performance
- Strategies
- Analyst Views
10. Section
- Research Methodology
- About us
