Automotive Chromium Finishing Market in North America to witness 40%+ gains to 2027

The automotive chromium finishing market is expected to witness significant growth due to increasing need for service and maintenance of automotive parts and high product use in passenger cars, HCV, two wheelers among others. Chrome-based plating is referred as a process used to coat numerous metal surfaces in chromium via electroplating procedure.
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Chromium usage enhances the overall look of a vehicle as it is a bright, and shiny and reflective metal which is hugely corrosive resistant, decorative as well as is known to ease cleanliness. It further increases the surface hardness, depending on what the original foundation is made of. In fact, a high-quality chrome polish is the one that aids in reinstating chrome to its original shine and at the same time adding a new life as well as appearance to objects that are plated with chrome.
The automotive chromium finishing market is segmented in terms of base material, processes, end-user, vehicle, and regional landscape.
With respect to base material, the automotive chromium finishing market is divided into plastics and metal. The metal segment is further classified into aluminum, steel, and others. Aluminum segment will be exceeding at highest rate up to 2027. This can be attributed to growing usage of lightweight materials in vehicle production.
Based on process by end-user, the market is classified into hard chrome and decorative chrome. Hard chrome segment will account for lower share of overall market. Availability of substitutes along with changing manufacturer's focus towards environmentally sustainable products as well as availability of substitutes will restrain growth of hard chrome.
However, various advantages of applying hard chrome makes it an ideal product in the market. It is known to be applied to an extensive range of metals, including brass, copper, stainless steel, among others. It has excellent adherence, which means low risk of flaking or de-lamination during use.
In terms of end-user, the overall automotive chromium finishing market is bifurcated into automotive aftermarket and automotive OEM. Automotive aftermarket end-user segment will occupy a major chunk of global automotive chromium finishing sector between 2021-2027 due to increasing need for service and maintenance of automotive parts.
With respect to vehicle, the market for automotive chromium finishing is categorized into Two-wheelers, HCV, passenger car, and LCV. HCV segment will be accounting for negligible share of overall automotive chromium finishing market. Heavy trucks and buses require limited amount of part replacement and service, which is eliminating need for chrome finishing in most cases.
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From a regional frame of reference, Latin America will be accounting for more than 7% share of overall market through the forecast time period. The region has limited income potential and majority of the countries rely on imports for meeting domestic consumption. Such trends are slightly hampering the penetration of chrome finishing market in Latin America.
Table of Contents of the Report (TOC):
Chapter 4   Automotive Chromium Finishing Market, By Base Material
4.1    Global automotive chromium finishing market 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 market 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
Chapter 6   Automotive Chromium Finishing Market, By End-user
6.1    Global automotive chromium finishing market by end-user insights
6.2    Automotive OEM
6.2.1 Market estimates and forecast, 2017 - 2027
6.2.2 Market estimates and forecast, by region, 2017 - 2027
6.3    Automotive aftermarket
6.3.1 Market estimates and forecast, 2017 - 2027
6.3.2 Market estimates and forecast, by region, 2017 - 2027
 
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