IMARC Group, a leading market research company, has recently releases report titled “Automotive Chromium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global automotive chromium market size, share, growth, share, trends, and forecasts. The report also includes competitor and regional analysis and highlights the latest advancements in the market. 

What is Automotive Chromium?

The automotive chromium market is a sector within the automotive industry that utilizes chromium and its compounds for manufacturing and enhancing automotive components. Chromium’s versatility and beneficial properties make it a crucial material in this sector. Its corrosion resistance, hardness, and decorative qualities make it suitable for various applications in both the exterior and interior of vehicles. A common use of chromium in the automotive industry is for producing decorative trims and accents, such as grilles, moldings, and emblems. Through chromium plating, these components acquire a bright and shiny finish, elevating the overall aesthetics of the vehicles.

How big is the Automotive Chromium Market?

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.

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What Are the Growth Prospects and Trends in The Automotive Chromium Market?

The automotive chromium market is witnessing steady growth, propelled by various trends and factors in the automotive industry. A key trend is the growing demand for visually appealing vehicles, as consumers seek cars with standout designs and looks. Chromium’s bright and shiny finish makes it a popular choice for decorative trims, grilles, moldings, and emblems, adding an elegant and sophisticated touch to the vehicle’s exterior. Another significant trend driving the expansion of the automotive chromium market is the increasing adoption of stainless steel and other chromium-containing alloys in automotive manufacturing. These alloys offer exceptional corrosion resistance, high strength, and durability, making them ideal for various automotive components, including exhaust systems, fasteners, and engine parts. As automakers focus on producing vehicles with improved performance and longer lifespans, the utilization of chromium-based alloys is anticipated to rise even further.

What is included in market segmentation?

The report has segmented the market into the following categories: 

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

Who are the key players operating in the industry? 

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 highlights of the Report:

• Market Performance (2018-2023)
• Market Outlook (2023-2028)
• COVID-19 Impact on the Market
• Porter’s Five Forces Analysis
• Historical, Current and Future Market Trends
• Market Drivers and Success Factors
• SWOT Analysis
• Structure of the Market
• Value Chain Analysis
• Comprehensive Mapping of the Competitive Landscape

TOC for the Report:

• Preface
• Scope and Methodology
• Executive Summary
• Introduction
• SWOT Analysis
• Value Chain Analysis
• Price Analysis
• Competitive Landscape