Market Overview:
The global trivalent chromium finishing market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The market growth can be attributed to the increasing demand for trivalent chromium finishing in various end-use industries, such as automotive, oil & gas, aerospace, hydraulics & heavy machinery, and others. In terms of type, the plating segment is expected to hold a major share of the global trivalent chromium finishing market during the forecast period. This can be attributed to its properties such as corrosion resistance and wear resistance.
Product Definition:
A Trivalent Chromium finishing is a process that coats metal with chromium oxide to create a protective surface. The importance of Trivalent Chromium Finishing is that it can help to prevent corrosion and increase the life of the metal.
Plating:
Plating is a method used for coating materials with a metallic element to give it a protective and decorative finish. It can be used for various applications such as plating steel, aluminum, copper alloys, cast iron & others. The most commonly plated materials are metals & alloys which include stainless steel, copper alloys (brass+zinc), aluminum bronzes & others.
Conversion Coatings:
Conversion coatings are used in the trivalent chromium finishing market. They are also known as three-coat systems or t-coats. The conversion coating is applied over a base metal surface and then converted to its finished form using heat and pressure. It is widely used for decorative applications such as plating of aluminum wheels, frames, bumpers, etc.
Application Insights:
The automotive application segment accounted for the largest share of over 30.0% in 2017. The demand is expected to be driven by increasing vehicle production, particularly in China, Japan and South Korea owing to low-cost manufacturing bases. In addition, growing sales of passenger cars and light commercial vehicles are anticipated to augment market growth over the forecast period.
The oil & gas industry is one of the major end users of trivalent chromium due to its properties including high corrosion resistance and magnetic attraction which help remove scale formations from oil wells thereby making them operational at higher efficiency levels. Growing investments by foreign players in various parts of Asia Pacific coupled with a rise in drilling activities are likely to propel product demand over the projected period as an essential metal companion for oxygenate deep sea wells on account of its superior properties that include strength against heat & acid as well as ability withstand high pressure without getting damaged or worn out easily (chromium).
Regional Analysis:
Asia Pacific is anticipated to be the fastest-growing regional market with a CAGR of XX% from 2018 to 2030 owing to rapid industrialization and increasing per capita income in emerging economies such as China, India, Indonesia, Vietnam and Thailand. Furthermore, rising demand for vehicles coupled with growing manufacturing sector in the region is expected to drive product demand over the forecast period.
The Asia Pacific was followed by Europe which accounted for 24% of total revenue share in 2017 on account of high chromium content level finished products penetration in automotive industry along with aerospace & defense sector growth mainly due to geopolitical stability and low operational cost associated chromium finishing process are major factors driving this regional market forward.
Growth Factors:
- Increasing demand from automotive and aerospace industries for trivalent chromium finishing.
- Growing popularity of trivalent chromium finishing among small- and medium-sized enterprises (SMEs).
- Rising investments in research and development activities for the development of new trivalent chromium finishing technologies.
- Proliferation of online marketing channels that promote the use of trivalent chromium finishes.
- Growing awareness about the benefits of using trivalent chromium finishes among consumers
Scope Of The Report
Report Attributes
Report Details
Report Title
Trivalent Chromium Finishing Market Research Report
By Type
Plating, Conversion Coatings, Passivation
By Application
Automotive, Oil & Gas, Aerospace, Hydraulics & Heavy, Machinery, Others
By Companies
MacDermid Incorporated, Atotech Deutschland GmbH, Sarrel Group, Chem Processing, Kakihara Industries, Ronatec C2C, Asterion, LLC, Electro Chemical Finishing, Midland Polishing and Plating Ltd., Poeton Industries Ltd.
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
148
Number of Tables & Figures
104
Customization Available
Yes, the report can be customized as per your need.
Global Trivalent Chromium Finishing Market Report Segments:
The global Trivalent Chromium Finishing market is segmented on the basis of:
Types
Plating, Conversion Coatings, Passivation
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Oil & Gas, Aerospace, Hydraulics & Heavy, Machinery, Others
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- MacDermid Incorporated
- Atotech Deutschland GmbH
- Sarrel Group
- Chem Processing
- Kakihara Industries
- Ronatec C2C
- Asterion, LLC
- Electro Chemical Finishing
- Midland Polishing and Plating Ltd.
- Poeton Industries Ltd.
Highlights of The Trivalent Chromium Finishing Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Plating
- Conversion Coatings
- Passivation
- By Application:
- Automotive
- Oil & Gas
- Aerospace
- Hydraulics & Heavy
- Machinery
- Others
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Trivalent Chromium Finishing Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Trivalent Chromium Finishing is a process that uses chromium to improve the appearance of metal surfaces. It can be used on both steel and aluminum, and it can make them look brighter and more polished.
Some of the major players in the trivalent chromium finishing market are MacDermid Incorporated, Atotech Deutschland GmbH, Sarrel Group, Chem Processing, Kakihara Industries, Ronatec C2C, Asterion, LLC, Electro Chemical Finishing, Midland Polishing and Plating Ltd., Poeton Industries Ltd..
The trivalent chromium finishing market is expected to register a CAGR of 5.5%.
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Trivalent Chromium Finishing Market Overview
4.1 Introduction
4.1.1 Market Taxonomy
4.1.2 Market Definition
4.1.3 Macro-Economic Factors Impacting the Market Growth
4.2 Trivalent Chromium Finishing Market Dynamics
4.2.1 Market Drivers
4.2.2 Market Restraints
4.2.3 Market Opportunity
4.3 Trivalent Chromium Finishing Market - Supply Chain Analysis
4.3.1 List of Key Suppliers
4.3.2 List of Key Distributors
4.3.3 List of Key Consumers
4.4 Key Forces Shaping the Trivalent Chromium Finishing Market
4.4.1 Bargaining Power of Suppliers
4.4.2 Bargaining Power of Buyers
4.4.3 Threat of Substitution
4.4.4 Threat of New Entrants
4.4.5 Competitive Rivalry
4.5 Global Trivalent Chromium Finishing Market Size & Forecast, 2018-2028
4.5.1 Trivalent Chromium Finishing Market Size and Y-o-Y Growth
4.5.2 Trivalent Chromium Finishing Market Absolute $ Opportunity
Chapter 5 Global Trivalent Chromium Finishing Market Analysis and Forecast by Type
5.1 Introduction
5.1.1 Key Market Trends & Growth Opportunities by Type
5.1.2 Basis Point Share (BPS) Analysis by Type
5.1.3 Absolute $ Opportunity Assessment by Type
5.2 Trivalent Chromium Finishing Market Size Forecast by Type
5.2.1 Plating
5.2.2 Conversion Coatings
5.2.3 Passivation
5.3 Market Attractiveness Analysis by Type
Chapter 6 Global Trivalent Chromium Finishing Market Analysis and Forecast by Applications
6.1 Introduction
6.1.1 Key Market Trends & Growth Opportunities by Applications
6.1.2 Basis Point Share (BPS) Analysis by Applications
6.1.3 Absolute $ Opportunity Assessment by Applications
6.2 Trivalent Chromium Finishing Market Size Forecast by Applications
6.2.1 Automotive
6.2.2 Oil & Gas
6.2.3 Aerospace
6.2.4 Hydraulics & Heavy
6.2.5 Machinery
6.2.6 Others
6.3 Market Attractiveness Analysis by Applications
Chapter 7 Global Trivalent Chromium Finishing Market Analysis and Forecast by Region
7.1 Introduction
7.1.1 Key Market Trends & Growth Opportunities by Region
7.1.2 Basis Point Share (BPS) Analysis by Region
7.1.3 Absolute $ Opportunity Assessment by Region
7.2 Trivalent Chromium Finishing Market Size Forecast by Region
7.2.1 North America
7.2.2 Europe
7.2.3 Asia Pacific
7.2.4 Latin America
7.2.5 Middle East & Africa (MEA)
7.3 Market Attractiveness Analysis by Region
Chapter 8 Coronavirus Disease (COVID-19) Impact
8.1 Introduction
8.2 Current & Future Impact Analysis
8.3 Economic Impact Analysis
8.4 Government Policies
8.5 Investment Scenario
Chapter 9 North America Trivalent Chromium Finishing Analysis and Forecast
9.1 Introduction
9.2 North America Trivalent Chromium Finishing Market Size Forecast by Country
9.2.1 U.S.
9.2.2 Canada
9.3 Basis Point Share (BPS) Analysis by Country
9.4 Absolute $ Opportunity Assessment by Country
9.5 Market Attractiveness Analysis by Country
9.6 North America Trivalent Chromium Finishing Market Size Forecast by Type
9.6.1 Plating
9.6.2 Conversion Coatings
9.6.3 Passivation
9.7 Basis Point Share (BPS) Analysis by Type
9.8 Absolute $ Opportunity Assessment by Type
9.9 Market Attractiveness Analysis by Type
9.10 North America Trivalent Chromium Finishing Market Size Forecast by Applications
9.10.1 Automotive
9.10.2 Oil & Gas
9.10.3 Aerospace
9.10.4 Hydraulics & Heavy
9.10.5 Machinery
9.10.6 Others
9.11 Basis Point Share (BPS) Analysis by Applications
9.12 Absolute $ Opportunity Assessment by Applications
9.13 Market Attractiveness Analysis by Applications
Chapter 10 Europe Trivalent Chromium Finishing Analysis and Forecast
10.1 Introduction
10.2 Europe Trivalent Chromium Finishing Market Size Forecast by Country
10.2.1 Germany
10.2.2 France
10.2.3 Italy
10.2.4 U.K.
10.2.5 Spain
10.2.6 Russia
10.2.7 Rest of Europe
10.3 Basis Point Share (BPS) Analysis by Country
10.4 Absolute $ Opportunity Assessment by Country
10.5 Market Attractiveness Analysis by Country
10.6 Europe Trivalent Chromium Finishing Market Size Forecast by Type
10.6.1 Plating
10.6.2 Conversion Coatings
10.6.3 Passivation
10.7 Basis Point Share (BPS) Analysis by Type
10.8 Absolute $ Opportunity Assessment by Type
10.9 Market Attractiveness Analysis by Type
10.10 Europe Trivalent Chromium Finishing Market Size Forecast by Applications
10.10.1 Automotive
10.10.2 Oil & Gas
10.10.3 Aerospace
10.10.4 Hydraulics & Heavy
10.10.5 Machinery
10.10.6 Others
10.11 Basis Point Share (BPS) Analysis by Applications
10.12 Absolute $ Opportunity Assessment by Applications
10.13 Market Attractiveness Analysis by Applications
Chapter 11 Asia Pacific Trivalent Chromium Finishing Analysis and Forecast
11.1 Introduction
11.2 Asia Pacific Trivalent Chromium Finishing Market Size Forecast by Country
11.2.1 China
11.2.2 Japan
11.2.3 South Korea
11.2.4 India
11.2.5 Australia
11.2.6 South East Asia (SEA)
11.2.7 Rest of Asia Pacific (APAC)
11.3 Basis Point Share (BPS) Analysis by Country
11.4 Absolute $ Opportunity Assessment by Country
11.5 Market Attractiveness Analysis by Country
11.6 Asia Pacific Trivalent Chromium Finishing Market Size Forecast by Type
11.6.1 Plating
11.6.2 Conversion Coatings
11.6.3 Passivation
11.7 Basis Point Share (BPS) Analysis by Type
11.8 Absolute $ Opportunity Assessment by Type
11.9 Market Attractiveness Analysis by Type
11.10 Asia Pacific Trivalent Chromium Finishing Market Size Forecast by Applications
11.10.1 Automotive
11.10.2 Oil & Gas
11.10.3 Aerospace
11.10.4 Hydraulics & Heavy
11.10.5 Machinery
11.10.6 Others
11.11 Basis Point Share (BPS) Analysis by Applications
11.12 Absolute $ Opportunity Assessment by Applications
11.13 Market Attractiveness Analysis by Applications
Chapter 12 Latin America Trivalent Chromium Finishing Analysis and Forecast
12.1 Introduction
12.2 Latin America Trivalent Chromium Finishing Market Size Forecast by Country
12.2.1 Brazil
12.2.2 Mexico
12.2.3 Rest of Latin America (LATAM)
12.3 Basis Point Share (BPS) Analysis by Country
12.4 Absolute $ Opportunity Assessment by Country
12.5 Market Attractiveness Analysis by Country
12.6 Latin America Trivalent Chromium Finishing Market Size Forecast by Type
12.6.1 Plating
12.6.2 Conversion Coatings
12.6.3 Passivation
12.7 Basis Point Share (BPS) Analysis by Type
12.8 Absolute $ Opportunity Assessment by Type
12.9 Market Attractiveness Analysis by Type
12.10 Latin America Trivalent Chromium Finishing Market Size Forecast by Applications
12.10.1 Automotive
12.10.2 Oil & Gas
12.10.3 Aerospace
12.10.4 Hydraulics & Heavy
12.10.5 Machinery
12.10.6 Others
12.11 Basis Point Share (BPS) Analysis by Applications
12.12 Absolute $ Opportunity Assessment by Applications
12.13 Market Attractiveness Analysis by Applications
Chapter 13 Middle East & Africa (MEA) Trivalent Chromium Finishing Analysis and Forecast
13.1 Introduction
13.2 Middle East & Africa (MEA) Trivalent Chromium Finishing Market Size Forecast by Country
13.2.1 Saudi Arabia
13.2.2 South Africa
13.2.3 UAE
13.2.4 Rest of Middle East & Africa (MEA)
13.3 Basis Point Share (BPS) Analysis by Country
13.4 Absolute $ Opportunity Assessment by Country
13.5 Market Attractiveness Analysis by Country
13.6 Middle East & Africa (MEA) Trivalent Chromium Finishing Market Size Forecast by Type
13.6.1 Plating
13.6.2 Conversion Coatings
13.6.3 Passivation
13.7 Basis Point Share (BPS) Analysis by Type
13.8 Absolute $ Opportunity Assessment by Type
13.9 Market Attractiveness Analysis by Type
13.10 Middle East & Africa (MEA) Trivalent Chromium Finishing Market Size Forecast by Applications
13.10.1 Automotive
13.10.2 Oil & Gas
13.10.3 Aerospace
13.10.4 Hydraulics & Heavy
13.10.5 Machinery
13.10.6 Others
13.11 Basis Point Share (BPS) Analysis by Applications
13.12 Absolute $ Opportunity Assessment by Applications
13.13 Market Attractiveness Analysis by Applications
Chapter 14 Competition Landscape
14.1 Trivalent Chromium Finishing Market: Competitive Dashboard
14.2 Global Trivalent Chromium Finishing Market: Market Share Analysis, 2019
14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
14.3.1 MacDermid Incorporated
14.3.2 Atotech Deutschland GmbH
14.3.3 Sarrel Group
14.3.4 Chem Processing
14.3.5 Kakihara Industries
14.3.6 Ronatec C2C
14.3.7 Asterion, LLC
14.3.8 Electro Chemical Finishing
14.3.9 Midland Polishing and Plating Ltd.
14.3.10 Poeton Industries Ltd.
