The Trivalent Chromium Finishing Market was valued at US$ 316.9 Million in 2021 and is projected to grow at a CAGR of 5.9% from 2022 to 2032, as per a recent Fact.MR report. By 2032, the market is forecasted to reach a valuation of US$ 586.5 Million.

Chromium plating remains the dominant revenue contributor, with demand growing at a rate of 5.1% between 2017 and 2021. This growth is expected to accelerate to a CAGR of 6% during the period from 2022 to 2032.

Key factors driving demand for trivalent chromium finishing include its ability to mitigate risks associated with hexavalent plating, making it an ideal choice for heavy, hydraulic, and automotive equipment manufacturing. The process enables the formation of a uniformly thick layer with superior throwing power, enhancing productivity in both metal and non-metal finishing applications.

Moreover, the market is set to benefit from the increasing focus on preventive maintenance in the hydraulics sector. Trivalent chromium offers improved wear resistance, making it an essential solution for extending the lifespan of components in demanding applications. This combination of safety, efficiency, and durability continues to bolster the market’s growth prospects.

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The trivalent chromium finishing market is significantly influenced by the rising demand for automobiles, as trivalent chromium is extensively used in designing both the exterior and interior components of vehicles. In the United States, the surge in car sales is primarily driven by the availability of affordable fuel. Additionally, automakers are introducing various incentive programs to boost vehicle purchases, further contributing to the market's growth.

Key Takeaways from the Study

  • Trivalent Chromium Finishing Market was valued at US$ 316.9 Mn in 2021. According to Fact.MR, Trivalent Chromium Finishing Market revenue would increase 1.8X between 2022 and 2032, reaching roughly US$ 586.5 Mn in 2032.
  • In terms of Application, Functional application is projected to account for the highest projected CAGR of over 6.3%.
  • In terms of type, Plating accounts for the highest CAGR of 5.1% during the historical period (2017-21).
  • U.S. is the dominant country in Trivalent Chromium Finishing Market with an absolute dollar growth opportunity of over US$ 101.5 Bn.

Trivalent Chromium Finishing Market Segmentation

  • By Type :
    • Plating
    • Conversion Coating
    • Passivation
  • By Application :
    • Functional
    • Decorative
  • By End-Use :
    • Automotive
    • Oil & Gas
    • Aerospace
    • Hydraulic & Heavy
    • Machinery
    • Other End-Uses
  • By Region :
    • North America
    • Latin America
    • Europe
    • APAC
    • MEA

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By the end of 2032, the United States is anticipated to have the largest market, with US$ 180.2 Mn. It is anticipated to increase by an absolute monetary increase of $80.9 million. Environmental concerns over the proliferation of hexavalent chromium are expected to increase the country's consumption of trivalent chromium. In the US, there has been a considerable increase in car sales as a result of the availability of cheaper fuel. Due to the presence of firms like McDermid Incorporated, Chem Processing, Inc., Ronatec C2C, Inc., and Asterion LLC in the nation, the market is expected to expand.

Some of the recent developments in the Trivalent Chromium Finishing market are:

  • In May 2019, Trion Coatings formed a strategic partnership with KCH Services to launch Safe Chrome, an innovative, eco-friendly chrome plating technology. This solution utilizes trivalent chromium combined with a patented ionic liquid to deliver superior galvanic plating. The technology outperforms hexavalent chromium in terms of speed, wear resistance, and overall performance.
  • Similarly, in February 2019, Cardinal Plating Solutions, a leading chromium plating provider, installed a production-ready trivalent chromium plating line, further advancing the adoption of sustainable and efficient plating technologies.

Key Companies Covered

  • MacDermid Incorporated
  • Atotech Deutschland GmbH
  • Sarrel Group
  • Chem Processing, Inc
  • Kakihara Industries Co., Ltd
  • Ronatec C2C, Inc
  • Asterion LLC
  • Electro Chemical Finishing Co
  • Midland Polishing and Plating Ltd
  • Poeton Industries Ltd.

Read More: https://www.factmr.com/report/trivalent-chromium-finishing-market

More Insights Available

Fact.MR, in its new offering, presents an unbiased analysis of the Trivalent Chromium Finishing Market, presenting historical market data (2017-2021) and forecast statistics for the period of 2022-2032.

The study reveals extensive growth in Trivalent Chromium Finishing in terms of Type (Plating, Conversion Coating and Passivation), of Application (Functional and Decorative application), of end-use (Automation, Oil & Gas, Aerospace, Hydraulic & Heavy, Machinery and Other End-Uses) across five regions (North America, Latin America, Europe, Asia Pacific and Middle East & Africa).

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