Automotive Chromium Finishing Trends and Forecast
The future of the global automotive chromium finishing market looks promising with opportunities in the automotive OEM and automotive aftermarket markets. The global automotive chromium finishing market is expected to reach an estimated $4.3 billion by 2030 with a CAGR of 2.7% from 2024 to 2030. The major drivers for this market are huge demand and sales of luxury vehicles across the globe and growing in demand for the finishing from the automotive sector owning to its superior aesthetic and functional characteristics.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Chromium Finishing by Segment
The study includes a forecast for the global automotive chromium finishing by base material, vehicle, end use, and region.
Automotive Chromium Finishing Market by Base Material [Shipment Analysis by Value from 2018 to 2030]:
• Metal
• Plastics
Automotive Chromium Finishing Market by Vehicle [Shipment Analysis by Value from 2018 to 2030]:
• Passenger Car
• LCV
• HCV
• Two-Wheelers
Automotive Chromium Finishing Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Automotive OEM
• Automotive Aftermarket
Automotive Chromium Finishing Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Chromium Finishing Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive chromium finishing companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive chromium finishing companies profiled in this report include-
• Atotech
• Macdermid
• Borogh
• Taiyo Technology
• Collini Gruppe
• Valley Chrome Plating
• Synergies Casting
Automotive Chromium Finishing Market Insights
Lucintel forecasts that metal is expected to witness the higher growth over the forecast period due to growing vehicle sales along with increase in revenue of premium & luxury car.
Within this market, automotive OEM will remain the larger segment due to increasing production of vehicles across the globe.
APAC will remain the largest region over the forecast period due to growing sales of passenger cars and rising repair and maintenance activities of vehicles.
Features of the Global Automotive Chromium Finishing Market
Market Size Estimates: Automotive chromium finishing market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive chromium finishing market size by base material, vehicle, end use, and region in terms of value ($B).
Regional Analysis: Automotive chromium finishing market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different base materials, vehicles, end uses, and regions for the automotive chromium finishing market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive chromium finishing market.
Analyse de l'intensité concurrentielle de l'industrie basée sur le modèle des cinq forces de Porter.
FAQ
Q1. What is the automotive chromium finishing market size?
Answer: The global automotive chromium finishing market is expected to reach an estimated $4.3 billion by 2030.
Q2. What is the growth forecast for automotive chromium finishing market?
Answer: The global automotive chromium finishing market is expected to grow with a CAGR of 2.7% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive chromium finishing market?
Answer: The major drivers for this market are huge demand and sales of luxury vehicles across the globe and growing in demand for the finishing from the automotive sector owning to its superior aesthetic and functional characteristics.
Q4. What are the major segments for automotive chromium finishing market?
Answer: The future of the automotive chromium finishing market looks promising with opportunities in the automotive OEM and automotive aftermarket markets.
Q5. Who are the key automotive chromium finishing market companies?
Answer: Some of the key automotive chromium finishing companies are as follows:
• Atotech
• Macdermid
• Borogh
• Taiyo Technology
• Collini Gruppe
• Valley Chrome Plating
• Synergies Casting
Q6. Which automotive chromium finishing market segment will be the largest in future?
Answer: Lucintel forecasts that metal is expected to witness the higher growth over the forecast period due to growing vehicle sales along with increase in revenue of premium & luxury car.
Q7. In automotive chromium finishing market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to growing sales of passenger cars and rising repair and maintenance activities of vehicles.
Q8. Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive chromium finishing market by base material (metal and plastics), vehicle (passenger car, LCV, HCV, and two-wheelers), end use (automotive OEM and automotive aftermarket), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Chromium Finishing Market, Automotive Chromium Finishing Market Size, Automotive Chromium Finishing Market Growth, Automotive Chromium Finishing Market Analysis, Automotive Chromium Finishing Market Report, Automotive Chromium Finishing Market Share, Automotive Chromium Finishing Market Trends, Automotive Chromium Finishing Market Forecast, Automotive Chromium Finishing Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.