Published Date: 2021-09-06
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North American Automotive Chromium Finishing Market size is projected to exceed USD 380 million by 2027, according to a latest forecast report by Graphical Research. Technological advancements in the field of surface finishing will propel chromium finishing demand in the U.S. automotive industry over the forecast timeframe.
The rising need for customized solutions from carmakers and changing customer lifestyles in the U.S. will drive the share of the North America automotive chromium finishing industry over the forecast timeframe. The product features excellent durability, shiny look, and bright finish to various interior & exterior components of vehicles. Such trends will propel industry development in the region during the study timeframe.
Although the product is gaining significant attention from tier-1 & tier-2 auto suppliers, the challenges associated with stringent government regulations will slow down the market demand over the forecast timeframe. For instance, US EPA, OSHA, etc., authorities have specified the exposure limit for product manufacturers to regulate the emission from the sector. However, the growing demand for electric cars and rising premium car sales in the region will further propel North America automotive chromium finishing industry growth during the study timeframe.
Browse detailed statistical insights from the report, “North America Automotive Chromium Finishing Market Forecast 2027 By End-user (Automotive OEM, Automotive Aftermarket), By Base Material (Metal [Steel, Aluminum], Plastics), By Process (Decorative Chrome, Hard Chrome), By Vehicle (Passenger Car, LCV, HCV, Two-Wheelers), Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share” along with the table of contents (ToC) @
Plastics segment will grow at a CAGR of 2.9% during the forecast timeframe. The growing usage of lightweight materials coupled with increasing demand for excellent surface finishing solutions will enhance the segment’s growth.
Hard chrome finishing will have a considerable share of the North America automotive chromium finishing market over the forecast timeframe. This process offers toughening properties to auto parts; however, the availability of substitute products will hinder industry development during the study timeframe.
The aftermarket segment will hold over 80% share during the study time period. Rising repair and maintenance activities of automobiles in the U.S. will increase product usage in the segment. The growing demand for passenger cars in the country will support the growth of the aftermarket sector, fueling the automotive chromium finishing demand in the near future.
LCV segment will grow at around 2% CAGR during the study timeframe, which can be credited to increasing dependency on road transportation for the movement of goods in North America. Rising industrialization and trade movements between different states in the U.S. will propel product penetration in light commercial vehicles during the forecast timeframe.
The North American 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:
North America Market, By Base Material
North America Market, Process By End-user
North America Market, By End-user
North America Market, By Vehicle
The above information has been provided for the following countries:
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