Automotive chromium finishing market

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Automotive Chromium Finishing Market is expected
to be USD 4.5 billion by 2027
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Industry Overview

• Constant demand and sales of sports premium
  cars across various parts of the world will
  anchor the Automotive Chromium Finishing Market
  forecast. There is an extensive adoption of
  chrome finishing in passenger cars and commercial
  vehicles. The incessant efforts to curb carbon
  emissions have increased the preference for
  electric vehicles that are incorporated with
  lightweight materials.
• The expansion in the number of luxury vehicles
  will bolster the need for chromium finishing,
  mainly in the U.S., China, and various European
  countries. This has resulted in the higher
  deployment of EV technology across the automotive
  sector in these areas. Furthermore, numerous
  automotive manufacturers are coming up with
  innovations to offer a lustrous and bright finish
  on the vehicle body and parts.
• It has been reported that the global automotive
  chromium finishing market size will record more
  than USD 4.5 billion in annual estimation by
  2027.

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Continue

• Global revenue from the steel segment for
  automotive chromium finishing solutions is
  expected to hit a 2.5 CAGR through the next few
  years. This can be owed to the increasing
  preference for this metal in comparison to
  others. It has been estimated that an average
  passenger car that weighs up to 1.4 tons makes
  use of over 75 of the steel products.
• The value of decorative chrome processes in the
  industry is anticipated to hold a major revenue
  share through 2027. This is in line with the
  growing requirement to enhance the appearance and
  shiny polishes on the vehicle parts. Also, the
  rising adoption of electric cars will add
  positive impetus to the demand for decorative
  chrome finishing in automobiles.
• Application of chromium finishing components
  across the automotive OEM sector will be
  responsible for considerable a growth rate in the
  coming years considering the longer lifespan of
  the automotive parts. Citing this with an
  example, the piston rings of a sports car operate
  at close to 300,000 miles and are further subject
  to change across various vehicle categories. This
  increases the replacement frequency of the OEM
  parts apart from cutting down the need for chrome
  finishing on the existing parts in short
  intervals.

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Automotive Chromium Finishing Market

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