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Automotive Chromium Finishing Market 2023-2032 New Challenges, Growth Prospects, Global Overview And Major Players | Atotech GmbH, Sarrel Group, MacDermid Incorporated, COLLINI GRUPPE, Collini GmbH
Automotive Chromium Finishing Market
The Business Research Company's Automotive Chromium Finishing Global Market Report 2023 identifies increasing sales of luxury vehicles as the major driver for the Automotive Chromium Finishing Market's growth in the forecast period. Luxury vehicles are vehicles with additional amenities for the driver's comfort and status. Chromium finishing, with its dazzling, brilliant surface, and corrosion-resistant qualities, lends luxurious and traditional elegance to luxury vehicles.
The global automotive chromium finishing market is expected to grow from $4.06 billion in 2022 to $4.23 billion in 2023 at a compound annual growth rate (CAGR) of 4.2%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The automotive chromium finishing market is expected to reach $4.77 billion in 2027 at a CAGR of 3.1%.
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Major competitors in the Automotive Chromium Finishing Market are Atotech GmbH, Sarrel Group, MacDermid Incorporated, COLLINI GRUPPE, Collini GmbH, Eakas Corporation, Synergies Castings Limited, MVC Holdings LLC, Techmetals Inc., Allied Finishing Inc., United States Chrome Corporation, Chem Processing Inc., Electro-Spec Inc., Micro Metal Finishing LLC, Borough Ltd., Taiyo America Inc., Hadronics Inc., Roll Technology Corp., Valley Chrome Plating Inc., SAT Plating LLC, FH Lambert Limited, American Electroplating Company, Rotorua Electroplaters Ltd., Ogawa Asia Co. Ltd., Kakihara Industries Co. Ltd., Chromium Inc., Ultra Plating Corporation, Penetrate Metal Processing Inc., Penetrate Metal Processing, and Seminole Metal Finishing Inc.
A key trend in the Automotive Chromium Finishing Market includes Product innovations. Major companies operating in the automotive chromium finishing market are developing innovative products to sustain their position in the market. For instance, in March 2023, STEK USA Inc., a US-based manufacturer of ceramic coatings, films, and car care products, launched the DYNOchrome series, the world's first chrome paint protection film. It is uniquely designed with advanced technology and 100% TPU-based plastic film, resulting in a natural metal finish. The DYNOchrome is designed with a top-coated film with a self-healing and hydrophobic layer and a 10-year warranty against manufacturing defects.
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The Automotive Chromium Finishing Market is segmented -
By Base Material: Metal, Plastics
By Process: Decorative Chrome, Hard Chrome
By Vehicle: Passenger Car, Light Commercial Vehicles (LCV), Heavy Commercial Vehicles (HCV), Two-Wheelers
By End-User: Automotive Original Equipment Manufacturer (OEM), Automotive Aftermarket
By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Automotive Chromium Finishing Market.
The Business Research Company's "Global Automotive Chromium Finishing Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Automotive Chromium Finishing Market Include:
1. Executive Summary
2. Automotive Chromium Finishing Market Characteristics
3. Automotive Chromium Finishing Market Trends And Strategies
4. Automotive Chromium Finishing Market - Macro Economic Scenario
5. Global Automotive Chromium Finishing Market Size and Growth
……
32. Global Automotive Chromium Finishing Market Competitive Benchmarking
33. Global Automotive Chromium Finishing Market Competitive Dashboard
34. Key Mergers And Acquisitions In The Automotive Chromium Finishing Market
35. Automotive Chromium Finishing Market Future Outlook and Potential Analysis
36. Appendix
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