Trivalent Chromium Finishing Industry analysis research and trends report for 2019-2025
According to new Global Market Insights, Inc, chemical research report Trivalent Chromium Finishing Market size is growing at a significant rate to 2025 due to strict enforcement of various regulations to implement use of trivalent chromium finishing as a replacement for hexavalent chromium finishing. It reduces the environmental and health concerns which are otherwise linked with hexavalent chrome finishing. Trivalent chromium finishing has good throwing power which allows for more uniform deposit thicknesses on the finishing product and thus resulting in improving the efficiency of metals and non-metal finishing operations.
Growing automotive industry mainly in China and India owing to growing consumer spending power and easy loan approvals will in turn drive trivalent chromium finishing market size. According to end of life vehicles directive, automobile component manufacturers are mandated to use trivalent chromium finishing as it provides protection to the components in the longer run. Furthermore, increasing focus on maintenance in the hydraulic industry, where trivalent chromium offers excellent abrasive resistance is anticipated to drive the product demand in the coming years. Growing infrastructural boom in Asia Pacific mainly in India, Indonesia and China will further boost the trivalent chrome finished coating demand for architectural components, which will help attain promising gains to the overall trivalent chromium finishing market size in the upcoming years.
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Huge investment linked with setting up of trivalent chromium finishing facility is probable to hinder the market growth in the near future. However, increasing regulations against the use of hexavalent chromium finishing will generate ample growth opportunities for trivalent chromium finishing market size in the coming years.
Based on system, the trivalent chromium finishing market is segmented into passivation, plating and conversion coatings. Chromium plating usually referred to as chrome, is a procedure of electroplating thin layer of chromium onto a metal object. The chromium layer can increase surface hardness, ease of cleaning procedure or provide corrosion resistance.
Based on application, the trivalent chromium finishing market is segmented into decorative or functional. The decorative application provides various types of shades, which has positive impact on the product differentiation. The use of trivalent chromium finishing in decorative application improves the look of components by providing glossy surfaces and resistance to corrosion. While in functional application a thick layer of chromium is formed over the surface of the component to deliver better resistance and protect the component from dust and other particulate contaminations. Functional trivalent chromium finishing is used mainly for worn-out components to increase their lifespan.
Based on end-user, the trivalent chromium finishing market is segmented into hydraulics & heavy machinery, aerospace, automobile, oil & gas industry and others. The automobile industry can be further segmented into two-wheeler, commercial vehicles, and passenger vehicles. Two-wheelers are usually more economical, requires less maintenance cost and lesser parking space, which is the main reason behind rapidly growing two wheelers segment. The abovementioned trends have significant positive influence on the market growth owing to its use in plating components as it improves the vehicle’s aesthetics.
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Europe is expected to be the fastest growing region due to presence of several regulatory mandates set by the European Union, which are anticipated to have positive impact on trivalent chromium finishing market size in the forthcoming years. For instance, the European regulation no. 1907 of 2006 cites references for hexavalent chromium finishing while Annex n.16-348 of 2013 contains the regulations put an effective ban on use of hexavalent chromium in all European countries. The regulation states that no product can be produced by using hexavalent chromium which depicts revising all production standards and thus positive growth parameters for the overall business size in the coming years.
Trivalent chromium finishing market is fragmented in nature due to presence of several global and regional market players. Ronatec C2C, MacDermid Inc., Atotech Deutschland, Chem Processing Incorporated, Sarrel Group, Kakihara Industries Co., Limited, Columbia Chemical, Dallatorre, etc are some of the key industry players engaged in R&D activities to develop new methods, which complies with the regulatory policies. For instance, Atotech has launched BluCr technique for electroplating which is a safe alternative for hexavalent chromium finishing process, commonly used in construction, automotive and oil & gas industry.
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