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Report
Automotive Chromium Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028
Market Report I 2023-05-29 I 134 Pages I IMARC Group
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?
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
8.2 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
8.3 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
8.4 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
8.5 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
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
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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