Trivalent Chromium Finishing Market – Key Financial Metrics and Competitive Analysis 2018

The increasing awareness about health and safety issues coupled with regulatory mandates to enforce trivalent chromium as a replacement for hexavalent chromium is projected to fuel the market growth. In addition, rising demand from the European region is further expected to propel the demand over the forecast period.

The Global Trivalent Chromium Finishing Market is expected to reach USD 379.1 million by 2025, according to a new report by Grand View Research, Inc.

In terms of revenue, decorative was the largest application segment in 2016 and the trend is anticipated to continue at a growth rate of 4.6% over the forecast period. Increasing need for improving the surface appearance of components is expected to contribute to the growth. Decorative chrome is being widely used on account of various properties such as stain and abrasion resistance.

The extensive research to reduce the use of harmful chemicals in the chrome finishing process is boosting the demand for trivalent chrome finishing. The growth in construction activities due to the rising demand from the residential sector on account of easy credit availability is anticipated to drive the decorative chrome application in the architecture industry.

Trivalent Chromium finished components are used in the manufacturing of various types of aircraft, which require precise dimensional measurements and corrosion resistant property. The increasing national security threats and mounting global tensions have boosted the budget spending for aerospace in the defense sector.

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The increased spending is expected to trigger the need for various ferrous and non-ferrous aerospace components, which use trivalent chromium finishing to improve the appearance and other properties of aircraft parts. These factors together are anticipated to boost trivalent chromium finishing market demand over the forecast period.

Top Players of Trivalent Chromium Finishing Market:

Key players including MacDermid Incorporated; Atotech Deutschland GmbH; Sarrel Group; Chem Processing, Inc.; Kakihara Industries Co., Ltd.; and Ronatec C2C, Inc.

Market Segmentation of Trivalent Chromium Finishing Market:

The Global Trivalent Chromium Finishing Market Segmented on the basis of System, Application and End Use.

By System:

    Plating
        Decorative Plating
        Functional Plating
    Conversion Coatings
        Decorative Conversion Coatings
        Functional Conversion Coatings
    Passivation

By Application:

    Decorative
    Functional

By End Use:

    Automotive
    Oil & Gas
    Aerospace
    Hydraulics & Heavy
    Machinery
    Others
        Appliance Industry
        Architectural Industry
        Fastener Industry
        Hardware Industry

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