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PUBLISHER: IMARC | PRODUCT CODE: 1291458
PUBLISHER: IMARC | PRODUCT CODE: 1291458
Automotive Chromium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
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PAGES: 134 Pages
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Market Overview:
The global automotive chromium market size reached US$ 1.8 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 2.3 Billion by 2028, exhibiting a growth rate (CAGR) of 4.9% during 2023-2028.
Chromium (Cr) is an essential trace metal with a blue tinge that is produced by reducing chromite with carbon in an electric arc furnace. With the help of the electroplating technique, a thin layer of chromium is added to various metal objects, which assists in providing a gleaming surface to the outer layer and increasing its hardness. Apart from this, it enhances the durability, metallurgical, and corrosion-resistant properties of the product. Consequently, chromium is extensively used in the automotive industry to perform decorative or functional plating on various interior and exterior vehicle parts, including bumpers, grilles, logos, headlights, wheel skins, handles, and fuel doors.
Automotive Chromium Market Trends:
With the substantial expansion in the automotive sector, there has been increasing demand for decorative chrome plating to protect various parts of conventional and passenger vehicles from corrosion and scratches while providing brightness. In line with this, chromium exhibits resistance to oxidation, rust, and tarnish, due to which automobile manufacturers extensively utilize it as a decorative topcoat on stainless steel or nickel-plated elements. Furthermore, the rising need for lightweight vehicle parts to enhance automobile service life and performance, inflating disposable incomes, and changing consumer preferences, are propelling the market growth. Additionally, significant technological advancements and the establishment of smart automobile production facilities with lower operational costs are contributing to the market growth. Moreover, the shifting consumer preferences toward aesthetically appealing vehicles covered with trending chrome wrapping is impelling the market growth. Other factors, such as the growing trend of customization and strategic collaborations amongst key players to introduce innovative product variants catering to evolving consumer needs, are creating a positive outlook for the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global automotive chromium market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on application and end user.
Breakup by Application:
- Decorative Plating
- Functional Plating
Breakup by End User:
- Passenger Vehicles
- Commercial Vehicles
Breakup by Region:
- North America
- United States
- Canada
- Asia-Pacific
- China
- Japan
- India
- South Korea
- Australia
- Indonesia
- Others
- Europe
- Germany
- France
- United Kingdom
- Italy
- Spain
- Russia
- Others
- Latin America
- Brazil
- Mexico
- Others
- Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Allied Finishing Inc., American Electroplating Company, Arlington Plating Company, Atotech, Borough Ltd., Chem Processing Inc., Douglas Metal Finishing Limited, Galva Decoparts Pvt. Ltd., Kakihara Industries Co. Ltd., MacDermid Inc. (Element Solutions Inc.), Plamingo Ltd. and Sarrel.
Key Questions Answered in This Report:
- What was the size of the global automotive chromium market in 2022?
- What is the expected growth rate of the global automotive chromium market during 2023-2028?
- What are the key factors driving the global automotive chromium market?
- What has been the impact of COVID-19 on the global automotive chromium market?
- What is the breakup of the global automotive chromium market based on the application?
- What is the breakup of the global automotive chromium market based on the end user?
- What are the key regions in the global automotive chromium market?
- Who are the key players/companies in the global automotive chromium market?
Product Code: SR112023A5869
Table of Contents
1 Preface
2 Scope and Methodology
- 2.1 Objectives of the Study
- 2.2 Stakeholders
- 2.3 Data Sources
- 2.3.1 Primary Sources
- 2.3.2 Secondary Sources
- 2.4 Market Estimation
- 2.4.1 Bottom-Up Approach
- 2.4.2 Top-Down Approach
- 2.5 Forecasting Methodology
3 Executive Summary
4 Introduction
- 4.1 Overview
- 4.2 Key Industry Trends
5 Global Automotive Chromium Market
- 5.1 Market Overview
- 5.2 Market Performance
- 5.3 Impact of COVID-19
- 5.4 Market Forecast
6 Market Breakup by Application
- 6.1 Decorative Plating
- 6.1.1 Market Trends
- 6.1.2 Market Forecast
- 6.2 Functional Plating
- 6.2.1 Market Trends
- 6.2.2 Market Forecast
7 Market Breakup by End User
- 7.1 Passenger Vehicles
- 7.1.1 Market Trends
- 7.1.2 Market Forecast
- 7.2 Commercial Vehicles
- 7.2.1 Market Trends
- 7.2.2 Market Forecast
8 Market Breakup by Region
- 8.1 North America
- 8.1.1 United States
- 8.1.1.1 Market Trends
- 8.1.1.2 Market Forecast
- 8.1.2 Canada
- 8.1.2.1 Market Trends
- 8.1.2.2 Market Forecast
- 8.1.1 United States
- 8.2 Asia-Pacific
- 8.2.1 China
- 8.2.1.1 Market Trends
- 8.2.1.2 Market Forecast
- 8.2.2 Japan
- 8.2.2.1 Market Trends
- 8.2.2.2 Market Forecast
- 8.2.3 India
- 8.2.3.1 Market Trends
- 8.2.3.2 Market Forecast
- 8.2.4 South Korea
- 8.2.4.1 Market Trends
- 8.2.4.2 Market Forecast
- 8.2.5 Australia
- 8.2.5.1 Market Trends
- 8.2.5.2 Market Forecast
- 8.2.6 Indonesia
- 8.2.6.1 Market Trends
- 8.2.6.2 Market Forecast
- 8.2.7 Others
- 8.2.7.1 Market Trends
- 8.2.7.2 Market Forecast
- 8.2.1 China
- 8.3 Europe
- 8.3.1 Germany
- 8.3.1.1 Market Trends
- 8.3.1.2 Market Forecast
- 8.3.2 France
- 8.3.2.1 Market Trends
- 8.3.2.2 Market Forecast
- 8.3.3 United Kingdom
- 8.3.3.1 Market Trends
- 8.3.3.2 Market Forecast
- 8.3.4 Italy
- 8.3.4.1 Market Trends
- 8.3.4.2 Market Forecast
- 8.3.5 Spain
- 8.3.5.1 Market Trends
- 8.3.5.2 Market Forecast
- 8.3.6 Russia
- 8.3.6.1 Market Trends
- 8.3.6.2 Market Forecast
- 8.3.7 Others
- 8.3.7.1 Market Trends
- 8.3.7.2 Market Forecast
- 8.3.1 Germany
- 8.4 Latin America
- 8.4.1 Brazil
- 8.4.1.1 Market Trends
- 8.4.1.2 Market Forecast
- 8.4.2 Mexico
- 8.4.2.1 Market Trends
- 8.4.2.2 Market Forecast
- 8.4.3 Others
- 8.4.3.1 Market Trends
- 8.4.3.2 Market Forecast
- 8.4.1 Brazil
- 8.5 Middle East and Africa
- 8.5.1 Market Trends
- 8.5.2 Market Breakup by Country
- 8.5.3 Market Forecast
9 SWOT Analysis
- 9.1 Overview
- 9.2 Strengths
- 9.3 Weaknesses
- 9.4 Opportunities
- 9.5 Threats
10 Value Chain Analysis
11 Porters Five Forces Analysis
- 11.1 Overview
- 11.2 Bargaining Power of Buyers
- 11.3 Bargaining Power of Suppliers
- 11.4 Degree of Competition
- 11.5 Threat of New Entrants
- 11.6 Threat of Substitutes
12 Price Analysis
13 Competitive Landscape
- 13.1 Market Structure
- 13.2 Key Players
- 13.3 Profiles of Key Players
- 13.3.1 Allied Finishing Inc.
- 13.3.1.1 Company Overview
- 13.3.1.2 Product Portfolio
- 13.3.2 American Electroplating Company
- 13.3.2.1 Company Overview
- 13.3.2.2 Product Portfolio
- 13.3.3 Arlington Plating Company
- 13.3.3.1 Company Overview
- 13.3.3.2 Product Portfolio
- 13.3.4 Atotech
- 13.3.4.1 Company Overview
- 13.3.4.2 Product Portfolio
- 13.3.4.3 Financials
- 13.3.5 Borough Ltd.
- 13.3.5.1 Company Overview
- 13.3.5.2 Product Portfolio
- 13.3.6 Chem Processing Inc.
- 13.3.6.1 Company Overview
- 13.3.6.2 Product Portfolio
- 13.3.7 Douglas Metal Finishing Limited
- 13.3.7.1 Company Overview
- 13.3.7.2 Product Portfolio
- 13.3.8 Galva Decoparts Pvt. Ltd.
- 13.3.8.1 Company Overview
- 13.3.8.2 Product Portfolio
- 13.3.9 Kakihara Industries Co. Ltd.
- 13.3.9.1 Company Overview
- 13.3.9.2 Product Portfolio
- 13.3.10 MacDermid Inc. (Element Solutions Inc.)
- 13.3.10.1 Company Overview
- 13.3.10.2 Product Portfolio
- 13.3.11 Plamingo Ltd.
- 13.3.11.1 Company Overview
- 13.3.11.2 Product Portfolio
- 13.3.12 Sarrel
- 13.3.12.1 Company Overview
- 13.3.12.2 Product Portfolio
- 13.3.1 Allied Finishing Inc.
Product Code: SR112023A5869
List of Figures
- Figure 1: Global: Automotive Chromium Market: Major Drivers and Challenges
- Figure 2: Global: Automotive Chromium Market: Sales Value (in Billion US$), 2017-2022
- Figure 3: Global: Automotive Chromium Market Forecast: Sales Value (in Billion US$), 2023-2028
- Figure 4: Global: Automotive Chromium Market: Breakup by Application (in %), 2022
- Figure 5: Global: Automotive Chromium Market: Breakup by End User (in %), 2022
- Figure 6: Global: Automotive Chromium Market: Breakup by Region (in %), 2022
- Figure 7: Global: Automotive Chromium (Decorative Plating) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 8: Global: Automotive Chromium (Decorative Plating) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 9: Global: Automotive Chromium (Functional Plating) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 10: Global: Automotive Chromium (Functional Plating) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 11: Global: Automotive Chromium (Passenger Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 12: Global: Automotive Chromium (Passenger Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 13: Global: Automotive Chromium (Commercial Vehicles) Market: Sales Value (in Million US$), 2017 & 2022
- Figure 14: Global: Automotive Chromium (Commercial Vehicles) Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 15: North America: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 16: North America: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 17: United States: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 18: United States: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 19: Canada: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 20: Canada: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 21: Asia-Pacific: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 22: Asia-Pacific: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 23: China: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 24: China: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 25: Japan: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 26: Japan: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 27: India: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 28: India: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 29: South Korea: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 30: South Korea: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 31: Australia: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 32: Australia: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 33: Indonesia: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 34: Indonesia: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 35: Others: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 36: Others: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 37: Europe: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 38: Europe: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 39: Germany: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 40: Germany: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 41: France: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 42: France: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 43: United Kingdom: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 44: United Kingdom: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 45: Italy: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 46: Italy: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 47: Spain: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 48: Spain: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 49: Russia: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 50: Russia: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 51: Others: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 52: Others: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 53: Latin America: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 54: Latin America: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 55: Brazil: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 56: Brazil: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 57: Mexico: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 58: Mexico: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 59: Others: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 60: Others: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 61: Middle East and Africa: Automotive Chromium Market: Sales Value (in Million US$), 2017 & 2022
- Figure 62: Middle East and Africa: Automotive Chromium Market: Breakup by Country (in %), 2022
- Figure 63: Middle East and Africa: Automotive Chromium Market Forecast: Sales Value (in Million US$), 2023-2028
- Figure 64: Global: Automotive Chromium Industry: SWOT Analysis
- Figure 65: Global: Automotive Chromium Industry: Value Chain Analysis
- Figure 66: Global: Automotive Chromium Industry: Porter's Five Forces Analysis
List of Tables
- Table 1: Global: Automotive Chromium Market: Key Industry Highlights, 2022 and 2028
- Table 2: Global: Automotive Chromium Market Forecast: Breakup by Application (in Million US$), 2023-2028
- Table 3: Global: Automotive Chromium Market Forecast: Breakup by End User (in Million US$), 2023-2028
- Table 4: Global: Automotive Chromium Market Forecast: Breakup by Region (in Million US$), 2023-2028
- Table 5: Global: Automotive Chromium Market: Competitive Structure
- Table 6: Global: Automotive Chromium Market: Key Players
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