Global Automotive Chromium Market Size study, by Application (Decorative Plating, Functional Plating), by End Use (Passenger Vehicles, Two-wheelers, Commercial Vehicles), and Regional Forecasts 2022-2032

February 2025 | 285 pages | ID: G2064CB081DBEN
Bizwit Research & Consulting LLP

Abstracts

The global automotive chromium market is valued approximately at USD 2.25 billion in 2023 and is projected to grow at a healthy CAGR of 4.5% over the forecast period 2024-2032. Automotive chromium plating is widely recognized for its corrosion resistance and aesthetic appeal, making it a pivotal material in the production of high-quality automotive components such as bumpers, trims, and grilles. This process not only enhances the durability of automotive parts but also aligns with consumer preferences for vehicle customization and visual enhancements. The growing emphasis on lightweight and efficient automotive designs has further augmented the demand for chromium plating, which provides high-performance coatings with reduced weight impact.

The demand for decorative chrome plating has seen significant traction due to its ability to combine functionality with enhanced aesthetics. Manufacturers are leveraging this technology to cater to the rising consumer preference for visually appealing and durable vehicles. The market's growth is further fueled by advancements in production technologies, including the establishment of smart automotive manufacturing facilities, which ensure cost efficiency while meeting growing demand. However, stringent environmental regulations surrounding chromium plating processes could pose challenges to market expansion.

Regionally, the Asia Pacific automotive chromium market is anticipated to dominate, driven by rapid industrialization and automotive production in countries like China, India, and South Korea. North America and Europe also present lucrative opportunities due to their robust demand for luxury and high-performance vehicles. Moreover, the increasing penetration of two-wheelers in developing economies and the growing importance of functional chrome plating in commercial vehicles are propelling the global market forward.

Major market players included in this report are:

• Chromium Plating Company
• Macdermid Enthone (Element Solutions Inc.)
• MICRO METAL FINISHING
• Chem Processing, Inc.
• MVC Holding
• American Electroplating Company
• Borough Ltd
• Custom Chrome Plating, Inc.
• Kakihara Industries Co., Ltd.
• Rotorua Electroplaters
• SARREL
• Okawa Asia Co., Ltd.
• Atotech
• African Electroplating
• Allied Finishing, Inc.

The detailed segments and sub-segment of the market are explained below:

By Application

• Decorative Plating
• Functional Plating

By End Use

• Passenger Vehicles
• Two-wheelers
• Commercial Vehicles

By Region:

North America

• U.S.
• Canada
• Mexico

Europe

• UK
• Germany
• France
• Spain

Asia Pacific

• China
• India
• Japan
• South Korea

Latin America

• Brazil

Middle East & Africa

• South Africa

Years considered for the study are as follows:

• Historical year – 2022
• Base year – 2023
• Forecast period – 2024 to 2032

Key Takeaways:

• Market Estimates & Forecast for 10 years from 2022 to 2032.
• Annualized revenues and regional level analysis for each market segment.
• Detailed analysis of geographical landscape with country-level insights.
• Competitive landscape with information on major players in the market.
• Analysis of key business strategies and recommendations for market growth.
• Demand-side and supply-side analysis for strategic decision-making.

Contents

CHAPTER 1. GLOBAL AUTOMOTIVE CHROMIUM MARKET EXECUTIVE SUMMARY

1.1. Global Automotive Chromium Market Size & Forecast (2022-2032)
1.2. Regional Summary
1.3. Segmental Summary
  1.3.1. By Application
  1.3.2. By End Use
1.4. Key Trends
1.5. Recession Impact
1.6. Analyst Recommendation & Conclusion

CHAPTER 2. GLOBAL AUTOMOTIVE CHROMIUM MARKET DEFINITION AND RESEARCH ASSUMPTIONS

2.1. Research Objective
2.2. Market Definition
2.3. Research Assumptions
  2.3.1. Inclusion & Exclusion
  2.3.2. Limitations
  2.3.3. Supply-Side Analysis
    2.3.3.1. Availability
    2.3.3.2. Infrastructure
    2.3.3.3. Regulatory Environment
    2.3.3.4. Market Competition
    2.3.3.5. Economic Viability (Consumer’s Perspective)
  2.3.4. Demand-Side Analysis
    2.3.4.1. Regulatory Frameworks
    2.3.4.2. Technological Advancements
    2.3.4.3. Environmental Considerations
    2.3.4.4. Consumer Awareness & Acceptance
2.4. Estimation Methodology
2.5. Years Considered for the Study
2.6. Currency Conversion Rates

CHAPTER 3. GLOBAL AUTOMOTIVE CHROMIUM MARKET DYNAMICS

3.1. Market Drivers
  3.1.1. Rising Demand for Decorative Plating in Automotive Sector
  3.1.2. Increasing Production of Lightweight Automotive Components
  3.1.3. Technological Advancements in Smart Manufacturing Facilities
3.2. Market Challenges
  3.2.1. Environmental Regulations Surrounding Chromium Usage
  3.2.2. High Initial Costs of Advanced Plating Technologies
3.3. Market Opportunities
  3.3.1. Expansion of Automotive Production in Emerging Economies
  3.3.2. Growing Demand for Aesthetic Vehicle Customization

CHAPTER 4. GLOBAL AUTOMOTIVE CHROMIUM MARKET INDUSTRY ANALYSIS

4.1. Porter’s 5 Force Model
  4.1.1. Bargaining Power of Suppliers
  4.1.2. Bargaining Power of Buyers
  4.1.3. Threat of New Entrants
  4.1.4. Threat of Substitutes
  4.1.5. Competitive Rivalry
  4.1.6. Futuristic Approach to Porter’s 5 Force Model
  4.1.7. Porter’s 5 Force Impact Analysis
4.2. PESTEL Analysis
  4.2.1. Political
  4.2.2. Economical
  4.2.3. Social
  4.2.4. Technological
  4.2.5. Environmental
  4.2.6. Legal
4.3. Top Investment Opportunity
4.4. Top Winning Strategies
4.5. Disruptive Trends
4.6. Industry Expert Perspective
4.7. Analyst Recommendation & Conclusion

CHAPTER 5. GLOBAL AUTOMOTIVE CHROMIUM MARKET SIZE & FORECASTS BY APPLICATION (2022-2032)

5.1. Segment Dashboard
5.2. Global Automotive Chromium Market: Application Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  5.2.1. Decorative Plating
  5.2.2. Functional Plating

CHAPTER 6. GLOBAL AUTOMOTIVE CHROMIUM MARKET SIZE & FORECASTS BY END USE (2022-2032)

6.1. Segment Dashboard
6.2. Global Automotive Chromium Market: End Use Revenue Trend Analysis, 2022 & 2032 (USD Billion)
  6.2.1. Passenger Vehicles
  6.2.2. Two-wheelers
  6.2.3. Commercial Vehicles

CHAPTER 7. GLOBAL AUTOMOTIVE CHROMIUM MARKET SIZE & FORECASTS BY REGION (2022-2032)

7.1. North America Automotive Chromium Market
  7.1.1. U.S. Automotive Chromium Market
  7.1.2. Canada Automotive Chromium Market
  7.1.3. Mexico Automotive Chromium Market
7.2. Europe Automotive Chromium Market
  7.2.1. UK Automotive Chromium Market
  7.2.2. Germany Automotive Chromium Market
  7.2.3. France Automotive Chromium Market
  7.2.4. Spain Automotive Chromium Market
7.3. Asia Pacific Automotive Chromium Market
  7.3.1. China Automotive Chromium Market
  7.3.2. India Automotive Chromium Market
  7.3.3. Japan Automotive Chromium Market
  7.3.4. South Korea Automotive Chromium Market
7.4. Latin America Automotive Chromium Market
  7.4.1. Brazil Automotive Chromium Market
7.5. Middle East & Africa Automotive Chromium Market
  7.5.1. South Africa Automotive Chromium Market

CHAPTER 8. COMPETITIVE INTELLIGENCE

8.1. Key Company SWOT Analysis
  8.1.1. Chromium Plating Company
  8.1.2. Macdermid Enthone (Element Solutions Inc.)
  8.1.3. Chem Processing, Inc.
8.2. Top Market Strategies
8.3. Company Profiles

CHAPTER 9. RESEARCH PROCESS

9.1. Research Process
  9.1.1. Data Mining
  9.1.2. Analysis
  9.1.3. Market Estimation
  9.1.4. Validation
  9.1.5. Publishing
9.2. Research Attributes