The analysts forecast the global automotive chromium market to grow at a CAGR of 6.18% during the period 2018-2022.
Automotive chromium is extensively used for electroplating automotive components either for decorative or functional purposes. Decorative chromium plating protects automotive components from corrosion, wear and tear, and chemicals, thereby enhancing the aesthetic appeal of these components.
The report covers the present scenario and the growth prospects of the global automotive chromium market for 2018-2022. To calculate the market size, the report considers the revenue generated by the sales of automotive chromium across end-user industries including passenger vehicles, two-wheelers, and commercial vehicle segments.
The latest trend gaining momentum in the market is the rising demand for thin coatings in the automotive industry. Automotive manufacturers use thin coatings to reduce costs and environmental impacts.
One of the major drivers for this market is the increasing demand for decorative chrome plating. Decorative chrome plating protects automotive components from corrosion, scratch, and wear and tear.
The report states that one of the major factors hindering the growth of this market is the hazardous effects of chrome plating. Prolonged inhalation of highly concentrated hexavalent chromium can cause irritation to the nose, throat, and can result in nosebleeds.
- Kakihara Industries
- MVC Holdings
- Platform Specialty Products Corporation
Key Topics Covered:
01. Executive Summary
02. Scope Of The Report
03. Research Methodology
04. Market Landscape
05. Market Sizing
06. Five Forces Analysis
07. Market Segmentation By Application
08. Customer Landscape
09. Market Segmentation By End-User
10. Regional Landscape
11. Decision Framework
12. Drivers And Challenges
13. Market Trends
14. Vendor Landscape
15. Vendor Analysis
For more information about this report visit https://www.researchandmarkets.com/research/vxxfw8/global_automotive?w=4