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APAC Automotive Chromium Finishing Market size to reach $2.6 Bn by 2027

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APAC Automotive Chromium Finishing Market size is anticipated to cross USD 2.6 billion by 2027, according to a latest forecast report by Graphical Research. The increasing usage of chrome finishing in commercial and passenger vehicles will drive the industry development.

Some of the key findings of the automotive chromium finishing market report include:

  • The passenger car segment is dominating the market in terms of revenue throughout the study period. Increasing sales of passenger vehicles along with rising disposable income will propel the market revenue.
  • Proliferating demand for luxury vehicles in developed countries will accelerate the demand for chromium finishing.
  • The stringent regulations and highly competitive landscape of the industry will present challenges to the entry of new market players.
  • Increasing focus on weight & carbon emission reduction will improve the sales of electric vehicles, thus increasing the market size.
  • COVID-19 had a severe toll on the industry progress and plummeted the growth to an unprecedented level in 2020.
  • Key manufacturers of chromium finishing in the Asia Pacific include Atotech Deutschland GmbH, Synergies Castings Limited, Veer industries, China Metal Solutions, Highnic Group, Jin Yuan Kang Industry Co., Ltd., Asahi Precision Co.,Ltd., Toyoriko CO., Ltd., Toyo Koka Co., Ltd., Mitsuya Co., Ltd., Kiyokawa Plating Industry Co., Ltd., Precision Plating (Aust) Pty Ltd., Hardchrome Engineering, Phiew Seng, and Wong Wai Vit Co., Ltd.

The growing sales performance of premium & sports cars in many countries of the region, especially in developed nations will present significant growth opportunities for the market. China is the leading luxury car market in the Asia Pacific and accounted for around 32% of the global share of luxury car sales. China’s car sales have been witnessing such strong growth over the past years that it has become an epicenter of the region. Automobile manufacturers, such as Maserati and Lamborghini have observed high sales volumes in the past few years. Additionally, the rapid rate of electric vehicle adoption is further fueling the demand for chromium finishing.

Browse detailed statistical insights from the report, “Asia Pacific Automotive Chromium Finishing Market Size By Vehicle (Two-wheelers, HCV, LCV, Passenger Cars), By Process (Hard Chrome, Decorative Chrome), Base Material (Metal {Aluminum, Steel}, Plastics), By End-user (Automotive Aftermarket, Automotive OEM), Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027” along with the table of contents (ToC) @

https://www.graphicalresearch.com/industry-insights/1712/asia-pacific-automotive-chromium-finishing-market

In terms of the base material, the aluminum segment  will witness over 4.1% CAGR between 2021 and 2027. Aluminum consists of a substantial amount of the vehicle weight and may vary according to the vehicle. For instance, a Smart Fortwo contains around 62 kg aluminum whereas a Range Rover Sport contains some 610 kg aluminum. The aluminum content in electric vehicles is around 30% higher than the internal combustion vehicles.

Decorative chrome is the most preferred process among vehicle manufacturers attributaed to the increasing demand for enhancing the appearance and aesthetic polishes on automobile parts. Moreover, the growing demand for EVs is certain to increase the market share of decorative chrome.

Passenger cars acquired a major portion of the automotive chromium finishing market in terms of revenue. In 2020, it was estimated to hold over 80% of the industry share owing to the larger sales of passenger vehicles and the high rate of adoption of premium vehicles.

Among the countries included in the study, China is anticipated to lead the market and will reflect a CAGR of 3.9% till 2027. The growth of the market in the country is underpinned by its position as one of the major markets for luxury cars and increasing investment by international players.

The APAC automotive chromium finishing market research report includes in-depth coverage of the industry with estimates & forecast in terms of volume in Kilotons & revenue in USD Million from 2016 to 2027, for the following segments:

Asia Pacific Market, By Process

  • Hard chrome
  • Decorative chrome

Asia Pacific Market, Base Material

  • Plastics
  • Metal
    • Aluminum
    • Steel
    • Others

Asia Pacific Market, By End-user

  • Automotive Aftermarket
  • Automotive OEM

Asia Pacific Market, By Vehicle

  • HCV
  • LCV
  • Passenger Cars
  • Two-wheelers

The above information has been provided for the following countries:

  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Thailand
    • Rest of Asia Pacific