Trivalent Chromium Finishing Market: By System (Conversion Coatings, Plating and Passivation), By Application (Functional and Decorative), By End User (Aerospace, Automotive, Hydraulics & Heavy, Machinery, Oil & Gas and Others) and Geography

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Trivalent Chromium Finishing Market estimated to be valued US$ 49.05 million in 2022 and poised to grow at significant CAGR 5.2% over 2023-2029. Some of the key factors influencing the market growth include increasing demand for trivalent chromium finishing from automotive industry, rising environmental concerns with regards to hexavalent chrome, increasing awareness about safety & health and growing need for improving the surface appearance of components. However, high initial investments to set up a trivalent chrome facility and availability of thermal spray coating as an alternative to plating are hindering the market growth. Global Trivalent Chromium Finishing market report gives comprehensive outlook on trivalent chromium finishing across the globe with special emphasis on key regions such as North America, Europe, Asia Pacific, Latin America, and Middle East and Africa. This report gives historical, current, and future market sizes (US$ Mn) on the basis of system, application, end user and region. This report studies global market dynamics elaborately to identify the current trends & drivers, future opportunities and possible challenges to the key stakeholders operating in the market. In addition, this report includes human demographics; regulatory scenario, and competition analysis with vividly illustrated the competition dashboard to assess the market competition. Moreover, PBI analyzed global trivalent chromium finishing market to better equip clients with possible investment opportunities across the regions (regional Investment Hot-Spots) and market unmet needs (Product opportunities). Key stakeholders of the global market report include suppliers, manufacturers, marketers, policy makers, and healthcare service providers engaged in global trivalent chromium finishing products.  Global trivalent chromium finishing market is surging owing to frequent acquisitions and launchings by the market players. For Instance, In May 2017, Atotech launched Blu the first trivalent chromium hard chrome. With Blu, Atotech is the first company in the electroplating industry to offer an industrial trivalent chromium hard chrome plating process and by this means an alternative to hexavalent hard chrome plating.

Global Trivalent Chromium Finishing Market Summary

Study Period

2024-2030

Base Year

2023

CAGR

5.2%

Largest Market

Asia Pacific

Fastest Growing Market

Europe
Drivers And Restraints

Throughout the history of nickel and chromium electroplating, there has been a desire to continuously improve the appearance and performance of the plated parts. For the past decades, the automotive industry has been in the forefront in demanding constant improvements. Trivalent chromates are ideal for use in automotive applications where it is desirable to eliminate hexavalent chrome and/or achieve the improved performances. For producing decorative pieces on cars the use of tri-chrome plating together with rules to decrease pollution and minimize vehicle weight are increasing demand for trivalent chromium finishing from automotive industry. In addition, automotive engine parts often benefit from trivalent chromium plating. Parts manufactured using this surface treatment may include gears, engine piston rings, brake discs, fasteners, suspension assemblies, rollers, and hydraulic cylinder rods. The auto manufacturing industry in the past relied heavily upon decorative chrome plating, and some auto makers still utilize decorative chrome to enhance vehicle bumpers, door handles and brand icons. Hence, increasing demand for trivalent chromium finishing from automotive industry is fueling the market growth. The major challenge for the market due to which there is a decreasing acceptance rate of the systems is the higher initial investments to set up a trivalent chrome facility. Moreover, there is an additional costs incurred for the metal and non-metal finishing companies for installation, commissioning and procurement of these tanks. Hence, higher initial investments hampers the market growth.

Key Features of the Reports

  • The report provides granular level information about the market size, regional market share, historic market and forecast.
  • The report covers in-detail insights about the competitors overview, company share analysis, key market developments, and their key strategies
  • The report outlines drivers, restraints, unmet needs, and trends that are currently affecting the market
  • The report tracks recent innovations, key developments and startups details that are actively working in the market
  • The report provides plethora of information about market entry strategies, regulatory framework and reimbursement scenario
  • The report analyses the impact of socio-political environment through PESTLE Analysis and competition through Porters Five Force Analysis in addition to recent technology advancements and innovations in the market

Global Trivalent Chromium Finishing Market Segmentation

By System
  • Conversion Coatings
  • Functional Conversion Coatings
  • Decorative Conversion Coatings
  • Plating
  • Functional Plating
  • Decorative Plating
  • Passivation
By Application
  • Functional
  • Decorative
By End User
  • Aerospace
  • Automotive
  • Hydraulics & Heavy
  • Machinery
  • Oil & Gas
  • Others
  • Appliance Industry
  • Architectural Industry
  • Fastener Industry
  • Hardware Industry
By Geography

North America

  • US
  • Canada

Europe

  • Germany
  • France
  • UK
  • Italy
  • Spain
  • Russia
  • Poland
  • Rest of Europe

Asia-Pacific

  • Japan
  • China
  • India
  • Australia & New Zealand
  • ASEAN (Includes Indonesia, Thailand, Vietnam, Philippines, Malaysia, and Others)
  • South Korea
  • Rest of Asia-Pacific

Latin America

  • Brazil
  • Mexico
  • Argentina
  • Venezuela
  • Rest of Latin America

Middle East and Africa (MEA)

  • Gulf Cooperation Council (GCC) Countries
  • Israel
  • South Africa
  • Rest of MEA

Frequently Asked Questions

The key segments covered in the Trivalent Chromium Finishing Market are technology, components, application, and end-users.

The Trivalent Chromium Finishing Market has been classified into North America, Asia Pacific, Europe, Latin America, Middle East and Africa, and the rest of MEA.

The Trivalent Chromium Finishing Market key players ASTERIONLLC (U.S.) Atotech (Germany), Chem ProcessingInc. (U.S.), CHEMEON Surface TechnologyLLC (U.S.), Electro Chemical Finishing (U.S.), Master Finish Company (U.S.), Midland Polishing & Plating Ltd. (U.K.), Ronatec C2CInc. (U.S.), Three J’s Industries Inc. (U.S.)

 

  1. Executive Summary
  2. Global Trivalent Chromium Finishing Market Introduction
    • Global Trivalent Chromium Finishing Market - Taxonomy
    • Global Trivalent Chromium Finishing Market -Definitions
      • System
      • Application
      • End User
  1. Global Trivalent Chromium Finishing Market Dynamics
    • Drivers
    • Restraints
    • Opportunities/Unmet Needs of the Market
    • Trends
    • Global Trivalent Chromium Finishing Market Dynamic Factors - Impact Analysis
    • Global Trivalent Chromium Finishing Market - Competition Landscape
  2. Global Trivalent Chromium Finishing Market Analysis, 2018-2022 and Forecast, 2023-2029
    • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
    • Year-over-Year (Y-o-Y) Growth Analysis (%)
    • Market Opportunity Analysis
  3. Global Trivalent Chromium Finishing Market, By System, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
    • Conversion Coatings
      • Functional Conversion Coatings
        • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Decorative Conversion Coatings
        • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Plating
        • Functional Plating
          • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Decorative Plating
          • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
        • Passivation
          • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
          • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
          • Market Opportunity Analysis
  1. Global Trivalent Chromium Finishing Market, By Application, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
    • Functional
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Decorative
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
  1. Global Trivalent Chromium Finishing Market Forecast, By End User, 2018-2022 and Forecast, 2023-2029
    • Aerospace
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Automotive
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Hydraulics & Heavy
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Machinery
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Oil & Gas
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Others
      • Appliance Industry
        • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Architectural Industry
        • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Fastener Industry
        • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
      • Hardware Industry
        • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
        • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
        • Market Opportunity Analysis
  1. Global Trivalent Chromium Finishing Market Forecast, By Region, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
    • North America
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Europe
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Asia-Pacific
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Latin America
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Middle East and Africa
      • Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
      • Year-over-Year (Y-o-Y) Growth Analysis (%) and Market Share Analysis (%)
      • Market Opportunity Analysis
    • Global Trivalent Chromium Finishing Market - Opportunity Analysis Index, By System, Application, End User and Region, 2023-2029
  2. North America Trivalent Chromium Finishing Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
    • System Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Conversion Coatings
        • Functional Conversion Coatings
        • Decorative Conversion Coatings
      • Plating
        • Functional Plating
        • Decorative Plating
      • Passivation
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Functional
      • Decorative
    • End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace
      • Automotive
      • Hydraulics & Heavy
      • Machinery
      • Oil & Gas
      • Others
        • Appliance Industry
        • Architectural Industry
        • Fastener Industry
        • Hardware Industry
      • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • US.
        • Canada
      • North America Trivalent Chromium Finishing Market - Opportunity Analysis Index, By System, Application, End User and Country, 2023-2029
      • North America Trivalent Chromium Finishing Market Dynamics - Trends
  1. Europe Trivalent Chromium Finishing Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
    • System Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Conversion Coatings
        • Functional Conversion Coatings
        • Decorative Conversion Coatings
      • Plating
        • Functional Plating
        • Decorative Plating
      • Passivation
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Functional
      • Decorative
    • End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace
      • Automotive
      • Hydraulics & Heavy
      • Machinery
      • Oil & Gas
      • Others
        • Appliance Industry
        • Architectural Industry
        • Fastener Industry
        • Hardware Industry
      • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Germany
        • UK
        • France
        • Spain
        • Italy
        • Russia
        • Poland
        • Rest of Europe
      • Europe Trivalent Chromium Finishing Market - Opportunity Analysis Index, By System, Application, End User and Country, 2023-2029
      • Europe Trivalent Chromium Finishing Market Dynamics - Trends
  1. Asia-Pacific Trivalent Chromium Finishing Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
    • System Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Conversion Coatings
        • Functional Conversion Coatings
        • Decorative Conversion Coatings
      • Plating
        • Functional Plating
        • Decorative Plating
      • Passivation
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Functional
      • Decorative
    • End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace
      • Automotive
      • Hydraulics & Heavy
      • Machinery
      • Oil & Gas
      • Others
        • Appliance Industry
        • Architectural Industry
        • Fastener Industry
        • Hardware Industry
      • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Japan
        • China
        • India
        • ASEAN
        • Australia & New Zealand
        • Rest of Asia-Pacific
      • Asia-Pacific Trivalent Chromium Finishing Market - Opportunity Analysis Index, By System, Application, End User and Country, 2023-2029
      • Asia-Pacific Trivalent Chromium Finishing Market Dynamics - Trends
  1. Latin America Trivalent Chromium Finishing Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
    • System Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Conversion Coatings
        • Functional Conversion Coatings
        • Decorative Conversion Coatings
      • Plating
        • Functional Plating
        • Decorative Plating
      • Passivation
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Functional
      • Decorative
    • End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace
      • Automotive
      • Hydraulics & Heavy
      • Machinery
      • Oil & Gas
      • Others
        • Appliance Industry
        • Architectural Industry
        • Fastener Industry
        • Hardware Industry
      • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Brazil
        • Mexico
        • Argentina
        • Venezuela
        • Rest of Latin America
      • Latin America Trivalent Chromium Finishing Market - Opportunity Analysis Index, By System, Application, End User and Country, 2023-2029
      • Latin America Trivalent Chromium Finishing Market Dynamics - Trends
  1. Middle East and Africa Trivalent Chromium Finishing Market Analysis, 2018-2022 and Forecast, 2023-2029 (Revenue, USD Mn), Volume (000 MT)
    • System Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%), and Market Share (%)
      • Conversion Coatings
        • Functional Conversion Coatings
        • Decorative Conversion Coatings
      • Plating
        • Functional Plating
        • Decorative Plating
      • Passivation
    • Application Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Functional
      • Decorative
    • End User Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn), Y-o-Y Growth (%) and Market Share (%)
      • Aerospace
      • Automotive
      • Hydraulics & Heavy
      • Machinery
      • Oil & Gas
      • Others
        • Appliance Industry
        • Architectural Industry
        • Fastener Industry
        • Hardware Industry
      • Country Analysis 2018-2022 and Forecast 2023-2029 by Revenue (USD Mn) Y-o-Y Growth (%) and Market Share (%)
        • Gulf Cooperation Council (GCC) Countries
        • Israel
        • South Africa
        • Rest of MEA
      • MEA Trivalent Chromium Finishing Market - Opportunity Analysis Index, By System, Application, End User and Country, 2023-2029
      • MEA Trivalent Chromium Finishing Market Dynamics - Trends
  1. Competition Landscape
    • Strategic Dashboard of Top Market Players
    • Company Profiles (Introduction, Financial Analysis, System & Service Offerings, Key Developments, Strategies, and SWOT Analysis)
      • ASTERIONLLC (U.S.)
      • Atotech (Germany)
      • Chem ProcessingInc. (U.S.)
      • CHEMEON Surface TechnologyLLC (U.S.)
      • Electro Chemical Finishing (U.S.)
      • (U.S.)
      • Master Finish Company (U.S.)
      • Midland Polishing & Plating Ltd. (U.K.)
      • Ronatec C2CInc. (U.S.)
      • Three J's IndustriesInc. (U.S.)
  1. Research Methodology
  2. Key Assumptions and Acronyms
  • ASTERIONLLC (U.S.)
  • Atotech (Germany)
  • Chem ProcessingInc. (U.S.)
  • CHEMEON Surface TechnologyLLC (U.S.)
  • Electro Chemical Finishing (U.S.)
  • Master Finish Company (U.S.)
  • Midland Polishing & Plating Ltd. (U.K.)
  • Ronatec C2CInc. (U.S.)
  • Three J's IndustriesInc. (U.S.)

Adjacent Markets