San
Francisco 8 May 2019 The Report Trivalent Chromium Finishing Market Analysis, By System (Plating, Conversion
Coatings, Passivation), By Application (Decorative, Functional), By End Use, By
Region, And Segment Forecasts, 2018 - 2025
The global trivalent
chromate finishing market is expected to reach USD 379.1 million by 2025, according
to a new report by Grand View Research, Inc. 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.
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
chromate 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. 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.
Access Research Report of Trivalent Chromate Finishing
Market @ http://www.grandviewresearch.com/industry-analysis/trivalent-chromium-finishing-market
Further key findings
from the report suggest:
· Plating
segment is expected to experience the fastest growth, in terms of value, at a
CAGR of 4.7% from 2017 to 2025 as plating systems find application in various
end-use industries such as automotive, hydraulics, and heavy machinery
· Decorative
emerged as the largest application segment, in terms of revenue, in 2016 and is
estimated to be valued at USD 284.4 million by 2025. The growing popularity on
account of corrosion and abrasion resistance properties is projected to drive
the growth.
· Automotive
was estimated as the largest end-use industry due to different types of
decorative and functional chrome being widely used for components in vehicle
manufacturing
· The
U.S. trivalent chromium market, in terms of revenue, was valued at USD 44.07
million in 2016 and is estimated to reach USD 69.25 million by 2025. The
automobile industry in the U.S. is projected to witness substantial growth over
the next 8 years owing to the increasing demand for energy.
· Key
players including MacDermid Incorporated; Atotech Deutschland GmbH; Sarrel
Group; Chem Processing, Inc.; Kakihara Industries Co., Ltd.; and Ronatec C2C,
Inc. have a prominent presence in the global trivalent finishing market
Browse more reports of this category by Grand View
Research at: https://www.grandviewresearch.com/industry/paints-coatings-and-printing-inks
Grand
View Research has segmented the global trivalent chromate finishing market on
the basis of system, application, end use, and region:
Trivalent Chromium Finishing System Outlook
(Revenue, USD Million; 2014 - 2025)
·
Plating
·
Conversion
Coatings
·
Passivation
Trivalent Chromium Finishing Application
Outlook (Revenue, USD Million; 2014 - 2025)
·
Decorative
·
Functional
Trivalent Chromium Finishing End Use
Outlook (Revenue, USD Million; 2014 - 2025)
·
Automotive
·
Oil
& Gas
·
Aerospace
·
Hydraulics
& Heavy
·
Machinery
·
Others
Trivalent Chromium Finishing Regional
Outlook (Revenue, USD Million; 2014 - 2025)
·
North
America
·
Europe
·
Asia
Pacific
·
Central
& South America
·
Middle East &
Africa
Access
Press Release of Trivalent Chromate Finishing
Market@ https://www.grandviewresearch.com/press-release/global-trivalent-chromium-finishing-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and
fact-based research across a range of industries, from technology to chemicals,
materials and healthcare.
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