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Showing posts with the label Automotive Chromium Market Trend

Automotive Chromium Market Statistics, Segments, Growth Factors Analysis and Forecast to 2025

Rising chromium plating demand from the passenger vehicles segment, on account of its superior corrosion resistance properties will augment the market growth over the next nine years. The Global Automotive Chromium Market is expected to reach USD 2.54 billion by 2025, according to a new report by Grand View Research, Inc. The passenger vehicle segment held the largest market share. Chrome plating is being increasingly used for plating various passenger vehicle components such as bumpers, grills, mirror covers, inner & outer door handle, interior decorative parts, headrest and other parts. In addition, the growing popularity of chrome plating in passenger vehicles, since it enhances aesthetics is expected to propel the market growth over the forecast period. The decorative plating application segment accounted for the largest share in the global automotive chromium market. The decorative plating is being increasingly used on account of its beneficial properties such stain and