Global Automotive Chromium Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global automotive chromium market in its upcoming report titled, “Global Automotive Chromium Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global automotive chromium market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The automotive chromium market report has been segmented on the basis of application, end-use, and region.

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This report is based on synthesis, analysis, and interpretation of information gathered regarding the target market from various sources. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts with the primary objective to provide a holistic view of the market. In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact in order to make informed forecasts about the scenarios in future.

Chrome is slang for Chromium, one of the 92 naturally occurring chemical elements. Chrome is used metal but cannot be used as a solid. Chrome plating is a technique of electroplating a thin layer of chromium on the object. The plating of chrome provides corrosion resistance and high strength to products.

On the basis of application, the decorative plating segment is expected to hold major revenue share in the global automotive chromium market. The segment includes plating exterior components of the automobile. Stain resistance and abrasion properties of plating are anticipated to drive segment growth over the forecast period. In automobiles decorative plating is done on components such as logos & emblems, wheel covers, door handles, mirror housings, and interior & exterior trims.

On the basis of end-use, the passenger vehicles segment is estimated to hold major revenue share in the global automotive chromium market and is expected to maintain its dominance over the forecast period. Growing demand for passenger vehicles owing to rising population and increasing disposable income is anticipated to augment market growth over the forecast period.

Europe market is estimated to hold major revenue share in the global automotive chromium market, in 2017 and is expected to maintain its dominance over the forecast period. Presence of large number of automotive manufacturers in the region is anticipated to drive Europe automotive chromium market over the forecast period. The Asia Pacific accounts for the largest revenue share contribution of the target market, followed by markets in the Asia Pacific, North America, Latin America, and the Middle East & Africa respectively. Growing production of the automobile in the region is expected to be a major factor driving market growth. Increasing demand for passenger vehicles in the region is expected to fuel industry growth over the forecast period.

Market segmentation and key players operating in the global automotive chromium market:

By application:

• Decorative plating
• Functional plating

By end-use:

• Two wheelers
• Passenger vehicles
• Commercial vehicles

By region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa