Automotive chromium finishing market in North America is expected to record an appreciable CAGR of around 2.5% through 2027. This can be reasoned to the thriving luxury car business in the US, which is also a hotspot for sales of EVs in the continent.

All in all, rising sales of automobiles worldwide, need for brighter automobile finish, and premium look, are all likely to generate positive proceeds for overall automotive chromium finishing market in the years ahead.

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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.

An increasing share of electric vehicle technology in automotive sector in some of the prominent regions is set to provide a positive impetus to the automotive chromium finishing market dynamics. Essentially, Europe has currently stood out as the world leader for EV, surpassing China. The continent observed its EV sales surge to 856,000 from May 2020 to April 2021, despite the coronavirus pandemic outbreak. Many manufacturers in the region are now implementing innovation by offering a bright and lustrous finish on EV body and spare parts.

Prominent industry players are now inclined on developing innovative finishing products for automotive parts and body and are also focusing on strategic alliances which is anticipated to open new growth avenues for the business in near future. Quoting an instance, in 2020, prominent manufacturer of Aluminum alloy wheel, Synergies Castings Limited, announced the launch of its product Magic Black which is considered to be the first ever black chrome-plated wheels in the world. According to the company, the product has been designed especially for luxury cars.

Most of the cars in the current age are being deployed with steel material to reduce the overall vehicle weight and improve fuel efficiency. An average passenger vehicle weighing around 1.4 tons consumes about 75% of steel products, which has been, undoubtedly, augmenting the share of steel base material base segment recently. Reports suggest that the segment would depict a CAGR of 2.5% through 2027.

The demand for decorative chrome is expected to soar to new heights worldwide, mainly due to the increasing demand for shiny polishes and better appearances on vehicle parts. Moreover, the mounting demand for electric vehicles is further likely to enhance the growth stake of decorative chrome finishing in the overall automotive industry over the stipulated timeline.

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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 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

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