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Automotive Chromium Trends and Forecast
The future of the global automotive chromium market looks promising with opportunities in the two wheeler, passenger vehicle, commercial vehicle markets. The global automotive chromium market is expected to reach an estimated $2.25 billion by 2030 with a CAGR of 4.8% from 2024 to 2030. The major drivers for this market are increasing popularity of chrome, growing demand for passenegr cars, and rising demand for decorative plating in the automotive sector.
A more than 150-page report is developed to help in your business decisions. Sample figures with some insights are shown below.
Automotive Chromium by Segment
The study includes a forecast for the global automotive chromium by application, end use, and region.
Automotive Chromium Market by Application [Shipment Analysis by Value from 2018 to 2030]:
• Decorative Plating
• Functional Plating
Automotive Chromium Market by End Use [Shipment Analysis by Value from 2018 to 2030]:
• Two Wheelers
• Passenger Vehicles
• Commercial Vehicles
Automotive Chromium Market by Region [Shipment Analysis by Value from 2018 to 2030]:
• North America
• Europe
• Asia Pacific
• The Rest of the World
List of Automotive Chromium Companies
Companies in the market compete on the basis of product quality offered. Major players in this market focus on expanding their manufacturing facilities, R&D investments, infrastructural development, and leverage integration opportunities across the value chain. With these strategies automotive chromium companies cater increasing demand, ensure competitive effectiveness, develop innovative products & technologies, reduce production costs, and expand their customer base. Some of the automotive chromium companies profiled in this report include-
• Macdermid Enthone
• Kakihara Industries
• Sarrel
• MVC Holdings
• BASF SE
Automotive Chromium Market Insights
Lucintel forecasts that decorative platting will remain the larger segment over the forecast period due to its abrasion and stain resistance properties.
Within this market, passenger vehicle is expected to witness the highest growth due to easy availability of credit facilities.
APAC will remain the largest region over the forecast period due to increasing automotive vehicle production and presence of major OEMs in the region.
Features of the Global Automotive Chromium Market
Market Size Estimates: Automotive chromium market size estimation in terms of value ($B).
Trend and Forecast Analysis: Market trends (2018 to 2023) and forecast (2024 to 2030) by various segments and regions.
Segmentation Analysis: Automotive chromium market size by application, end use, and region in terms of value ($B).
Regional Analysis: Automotive chromium market breakdown by North America, Europe, Asia Pacific, and Rest of the World.
Growth Opportunities: Analysis of growth opportunities in different applications, end uses, and regions for the automotive chromium market.
Strategic Analysis: This includes M&A, new product development, and competitive landscape of the automotive chromium market.
Analysis of competitive intensity of the industry based on Porter’s Five Forces model.
FAQ
Q1. What is the automotive chromium market size?
Answer: The global automotive chromium market is expected to reach an estimated $2.25 billion by 2030.
Q2. What is the growth forecast for automotive chromium market?
Answer: The global automotive chromium market is expected to grow with a CAGR of 4.8% from 2024 to 2030.
Q3. What are the major drivers influencing the growth of the automotive chromium market?
Answer: The major drivers for this market are increasing popularity of chrome, growing demand for passenegr cars, and rising demand for decorative plating in the automotive sector.
Q4. What are the major segments for automotive chromium market?
Answer: The future of the automotive chromium market looks promising with opportunities in the two wheeler, passenger vehicle, commercial vehicle markets.
Q5. Who are the key automotive chromium market companies?
Answer: Some of the key automotive chromium companies are as follows:
• Macdermid Enthone
• Kakihara Industries
• Sarrel
• MVC Holdings
• BASF SE
Q6. Which automotive chromium market segment will be the largest in future?
Answer: Lucintel forecasts that decorative platting will remain the larger segment over the forecast period due to its abrasion and stain resistance properties.
Q7. In automotive chromium market, which region is expected to be the largest in next 5 years?
Answer: APAC will remain the largest region over the forecast period due to increasing automotive vehicle production and presence of major OEMs in the region.
Q.8 Do we receive customization in this report?
Answer: Yes, Lucintel provides 10% customization without any additional cost.
This report answers following 11 key questions:
Q.1. What are some of the most promising, high-growth opportunities for the automotive chromium market by application (decorative plating and functional plating), end use (two wheelers, passenger vehicles, and commercial vehicles), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2. Which segments will grow at a faster pace and why?
Q.3. Which region will grow at a faster pace and why?
Q.4. What are the key factors affecting market dynamics? What are the key challenges and business risks in this market?
Q.5. What are the business risks and competitive threats in this market?
Q.6. What are the emerging trends in this market and the reasons behind them?
Q.7. What are some of the changing demands of customers in the market?
Q.8. What are the new developments in the market? Which companies are leading these developments?
Q.9. Who are the major players in this market? What strategic initiatives are key players pursuing for business growth?
Q.10. What are some of the competing products in this market and how big of a threat do they pose for loss of market share by material or product substitution?
Q.11. What M&A activity has occurred in the last 5 years and what has its impact been on the industry?
For any questions related to Automotive Chromium Market, Automotive Chromium Market Size, Automotive Chromium Market Growth, Automotive Chromium Market Analysis, Automotive Chromium Market Report, Automotive Chromium Market Share, Automotive Chromium Market Trends, Automotive Chromium Market Forecast, Automotive Chromium Companies, write Lucintel analyst at email: helpdesk@lucintel.com. We will be glad to get back to you soon.
Table of Contents
1. Executive Summary
2. Global Automotive Chromium Market : Market Dynamics
2.1: Introduction, Background, and Classifications
2.2: Supply Chain
2.3: Industry Drivers and Challenges
3. Market Trends and Forecast Analysis from 2018 to 2030
3.1. Macroeconomic Trends (2018-2023) and Forecast (2024-2030)
3.2. Global Automotive Chromium Market Trends (2018-2023) and Forecast (2024-2030)
3.3: Global Automotive Chromium Market by Application
3.3.1: Decorative Plating
3.3.2: Functional Plating
3.4: Global Automotive Chromium Market by End Use
3.4.1: Two Wheelers
3.4.2: Passenger Vehicles
3.4.3: Commercial Vehicles
4. Market Trends and Forecast Analysis by Region from 2018 to 2030
4.1: Global Automotive Chromium Market by Region
4.2: North American Automotive Chromium Market
4.2.2: North American Automotive Chromium Market by End Use: Two Wheelers, Passenger Vehicles, and Commercial Vehicles
4.3: European Automotive Chromium Market
4.3.1: European Automotive Chromium Market by Application: Decorative Plating and Functional Plating
4.3.2: European Automotive Chromium Market by End Use: Two Wheelers, Passenger Vehicles, and Commercial Vehicles
4.4: APAC Automotive Chromium Market
4.4.1: APAC Automotive Chromium Market by Application: Decorative Plating and Functional Plating
4.4.2: APAC Automotive Chromium Market by End Use: Two Wheelers, Passenger Vehicles, and Commercial Vehicles
4.5: ROW Automotive Chromium Market
4.5.1: ROW Automotive Chromium Market by Application: Decorative Plating and Functional Plating
4.5.2: ROW Automotive Chromium Market by End Use: Two Wheelers, Passenger Vehicles, and Commercial Vehicles
5. Competitor Analysis
5.1: Product Portfolio Analysis
5.2: Operational Integration
5.3: Porter’s Five Forces Analysis
6. Growth Opportunities and Strategic Analysis
6.1: Growth Opportunity Analysis
6.1.1: Growth Opportunities for the Global Automotive Chromium Market by Application
6.1.2: Growth Opportunities for the Global Automotive Chromium Market by End Use
6.1.3: Growth Opportunities for the Global Automotive Chromium Market by Region
6.2: Emerging Trends in the Global Automotive Chromium Market
6.3: Strategic Analysis
6.3.1: New Product Development
6.3.2: Capacity Expansion of the Global Automotive Chromium Market
6.3.3: Mergers, Acquisitions, and Joint Ventures in the Global Automotive Chromium Market
6.3.4: Certification and Licensing
7. Company Profiles of Leading Players
7.1: Macdermid Enthone
7.2: Kakihara Industries
7.3: Sarrel
7.4: MVC Holdings
7.5: BASF SE
.
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Lucintel has been in the business of market research and management consulting since 2000 and has published over 1000 market intelligence reports in various markets / applications and served over 1,000 clients worldwide. This study is a culmination of four months of full-time effort performed by Lucintel's analyst team. The analysts used the following sources for the creation and completion of this valuable report:
In-depth interviews of the major players in this market
Detailed secondary research from competitors’ financial statements and published data
Extensive searches of published works, market, and database information pertaining to industry news, company press releases, and customer intentions
A compilation of the experiences, judgments, and insights of Lucintel’s professionals, who have analyzed and tracked this market over the years.
Extensive research and interviews are conducted across the supply chain of this market to estimate market share, market size, trends, drivers, challenges, and forecasts. Below is a brief summary of the primary interviews that were conducted by job function for this report.
Thus, Lucintel compiles vast amounts of data from numerous sources, validates the integrity of that data, and performs a comprehensive analysis. Lucintel then organizes the data, its findings, and insights into a concise report designed to support the strategic decision-making process. The figure below is a graphical representation of Lucintel’s research process.
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