The automotive chromium finishing market from steel segment is projected to register a notable CAGR of over 2.5% through 2027. Growing adoption of steel as the base material in cars is driving the adoption of automotive chromium finishing. Reportedly, an average passenger car weighing nearly 1.4 tons requires about 75% of steel products. Moreover, steel has higher strength and offers durability which makes it suitable for cars.

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As the preference for better aesthetic appearances and shiny polishes on automobile parts is rising, demand for automotive chromium finishing has increased considerably over time. Besides, growing proclivity for electric cars is anticipated to impel the product application further. Considering these factors, decorative chrome is estimated to dominate the process segment across the global automotive chromium finishing market over the coming years.

With increasing demand for premium motorcycles and their growing sales, demand for automotive chromium is elevating significantly. Given that, two-wheelers segment across the overall automotive chromium market is expected to secure a market share of around 5% by 2027.

Rising sales of sports & premium cars across major parts of the world coupled with increasing share of EV technology in automotive sector in these regions has evoked the demand for chrome surface finish. Besides, rising propensity towards pre-owned vehicles and growing disposable income is favoring the demand for chromium plated finish further.

Shifting inclination towards chrome finishing usage in passenger as well as commercial vehicles coupled with the accelerating demand for luxury vehicles has fueled the demand for chromium finishing across the globe. Considering the increasing product demand, automotive chromium finishing market is projected to grow exponentially over the ensuing years.

Expanding automotive industry in the U.S. coupled with increasing consumer preference for overall luxury cars as well as electric vehicles is fostering the growth of automotive chromium finishing market in North America.

According to reliable sources, luxury cars outperformed the mainstream cars in the US market despite the COVID-19 crisis. Dominated by Mercedes-Benz, Tesla and Toyota models, the luxury segment recorded a significant growth of 44.3% growth over the span of first nine months of 2020 as against the 40% during the same period in the previous years. This is anticipated to impel the demand for automotive chromium in the region. According to the report, automotive chromium finishing market in North America is expected to record an appreciable CAGR of around 2.5% through 2027.

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Some Point from Table of Contents:

Chapter 4   Automotive Chromium Finishing Market, By Base Material

4.1    Global automotive chromium finishing industry base material insights

4.2    Metal

4.2.1 Market estimates and forecast, 2017 - 2027

4.2.2 Market estimates and forecast, by region, 2017 - 2027

4.2.2 Steel

4.2.2.1   Market estimates and forecast, 2017 - 2027

4.2.2.2   Market estimates and forecast, by region, 2017 - 2027

4.3.2 Aluminum

4.3.2.1   Market estimates and forecast, 2017 - 2027

4.3.2.2   Market estimates and forecast, by region, 2017 - 2027

4.3.3 Others (zinc, nickle. non-ferrous metals, etc.)

4.3.3.1   Market estimates and forecast, 2017 - 2027

4.3.3.2   Market estimates and forecast, by region, 2017 - 2027

4.4    Plastics

4.4.1 Market estimates and forecast, 2017 - 2027

4.4.2 Market estimates and forecast, by region, 2017 - 2027

Chapter 5   Automotive Chromium Finishing Market, Process By End-user

5.1    Global automotive chromium finishing industry process by end-user insights

5.2    Decorative chrome

5.2.1 Market estimates and forecast, 2017 - 2027

5.2.2 Market estimates and forecast, by end-user, 2017 - 2027

·  Automotive OEM

·  Automotive aftermarket

5.2.2 Market estimates and forecast, by region, 2017 - 2027

5.3    Plastics

5.3.1 Market estimates and forecast, 2017 - 2027

5.3.2 Market estimates and forecast, by end-user, 2017 - 2027

·  Automotive OEM

·  Automotive aftermarket

5.3.2 Market estimates and forecast, by region, 2017 - 2027

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