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Showing posts with the label Trivalent Chromium Finishing Market Trend

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