ID: MRFR/CnM/9216-HCR | October 2021 | Region: Global | 99 Pages
Table of Contents
1. EXECUTIVE SUMMARY
1.1. Market Attractiveness Analysis
1.1.1. Global Chrome Plating Market, by Type
1.1.2. Global Chrome Plating Market, by Application
1.1.3. Global Chrome Plating Market, by Region
2. MARKET INTRODUCTION
2.1. Definition
2.2. Scope of the Study
2.3. Market Structure
3. RESEARCH METHODOLOGY
3.1. Research Process
3.2. Primary Research
3.3. Secondary Research
3.4. Market Size Estimation
3.5. Forecast Model
3.6. List of Assumptions&Limitations
4. MARKET DYNAMICS
4.1. Introduction
4.2. Drivers
4.3. Restraints
4.4. Opportunities
4.5. Challenges
4.6. Trends
5. MARKET FACTOR ANALYSIS
5.1. Supply Chain Analysis
5.1.1. Raw Material Suppliers
5.1.2. Chrome PlatingManufacturers
5.1.3. Distribution & Sales Channel
5.1.4. EndUsers
5.2. Porter’s Five Forces Model
5.2.1. Bargaining Power of Suppliers
5.2.2. Bargaining Power of Buyers
5.2.3. Threat of New Entrants
5.2.4. Threat of Substitutes
5.2.5. Intensity of Rivalry
5.3. Pricing Analysis(USD/Tons), by Region
5.4. Impact of COVID-19 on the global chrome plating market
6. GLOBAL CHROME PLATING MARKET, BY TYPE (TONS) (USD MILLION)
6.1. Introduction
6.2. Hard Chrome Plating
6.2.1. Market Estimates & Forecast, by Region/Country, 2019–2028
6.3. Decorative Chrome Plating
6.3.1. Market Estimates & Forecast, by Region/Country, 2019–2028
7. GLOBAL CHROME PLATING MARKET, BYAPPLICATION (TONS) (USD MILLION)
7.1. Introduction
7.2. Automotive
7.2.1. Market Estimates & Forecast, by Region/Country, 2019–2028
7.3. Aerospace & Defense
7.3.1. Market Estimates & Forecast, by Region/Country, 2019–2028
7.4. Metal Finishing
7.4.1. Market Estimates & Forecast, by Region/Country, 2019–2028
7.5. Others
7.5.1. Market Estimates & Forecast, by Region/Country, 2019–2028
8. GLOBAL CHROME PLATING MARKET, BYREGION(TONS) (USD MILLION)
8.1. Overview
8.2. North America
8.2.1. US
8.2.2. Canada
8.3. Europe
8.3.1. Germany
8.3.2. UK
8.3.3. France
8.3.4. Russia
8.3.5. Spain
8.3.6. Denmark
8.3.7. Italy
8.3.8. Rest of Europe
8.4. Asia-Pacific
8.4.1. China
8.4.2. Japan
8.4.3. India
8.4.4. South Korea
8.4.5. Australia & New Zealand
8.4.6. Rest of Asia-Pacific
8.5. Latin America
8.5.1. Brazil
8.5.2. Mexico
8.5.3. Argentina
8.5.4. Rest of Latin America
8.6. Middle East & Africa
8.6.1. Turkey
8.6.2. UAE
8.6.3. Saudi Arabia
8.6.4. South Africa
8.6.5. Rest of the Middle East & Africa
9. COMPETITIVE LANDSCAPE
9.1. Market Introduction
9.2. Recent Developments
9.2.1. Mergers/Acquisitions, Expansion, Investment, Partnership, Collaboration, Product Launch
9.3. Global Market Strategy Analysis
9.4. Competitive Benchmarking
10. COMPANY PROFILES
10.1. J and N Metal Products
10.1.1. Company Overview
10.1.2. Financial Overview
10.1.3. Products Offered
10.1.4. Key Developments
10.1.5. SWOT Analysis
10.1.6. Key Strategies
10.2. Al ASHRAFI Group
10.2.1. Company Overview
10.2.2. Financial Overview
10.2.3. Products Offered
10.2.4. Key Developments
10.2.5. SWOT Analysis
10.2.6. Key Strategies
10.3. Sharretts Plating
10.3.1. Company Overview
10.3.2. Financial Overview
10.3.3. Products Offered
10.3.4. Key Developments
10.3.5. SWOT Analysis
10.3.6. Key Strategies
10.4. Al Asriah Metal Coating L.L.C.
10.4.1. Company Overview
10.4.2. Financial Overview
10.4.3. Products Offered
10.4.4. Key Developments
10.4.5. SWOT Analysis
10.4.6. Key Strategies
10.5. Peninsula Metal Finishing
10.5.1. Company Overview
10.5.2. Financial Overview
10.5.3. Products Offered
10.5.4. Key Developments
10.5.5. SWOT Analysis
10.5.6. Key Strategies
10.6. Pioneer Metal Finishing
10.6.1. Company Overview
10.6.2. Financial Overview
10.6.3. Products Offered
10.6.4. Key Developments
10.6.5. SWOT Analysis
10.6.6. Key Strategies
10.7. Allied Finishing
10.7.1. Company Overview
10.7.2. Financial Overview
10.7.3. Products Offered
10.7.4. Key Developments
10.7.5. SWOT Analysis
10.7.6. Key Strategies
10.8. Atotech Deutschl
10.8.1. Company Overview
10.8.2. Financial Overview
10.8.3. Products Offered
10.8.4. Key Developments
10.8.5. SWOT Analysis
10.8.6. Key Strategies
10.9. Interplex Industries
10.9.1. Company Overview
10.9.2. Financial Overview
10.9.3. Products Offered
10.9.4. Key Developments
10.9.5. SWOT Analysis
10.9.6. Key Strategies
10.10. Kuntz Electroplating Market
10.10.1. Company Overview
10.10.2. Financial Overview
10.10.3. Products Offered
10.10.4. Key Developments
10.10.5. SWOT Analysis
10.10.6. Key Strategies
10.11. Trinity Holdings
10.11.1. Company Overview
10.11.2. Financial Overview
10.11.3. Products Offered
10.11.4. Key Developments
10.11.5. SWOT Analysis
10.11.6. Key Strategies
11. APPENDIX
11.1.1. Discussion Blueprint
$21.73 billion
4.0%
North America
2021-2028
According to MRFR analysis, chrome plating market is register to a CAGR of over 4.0% to reach around USD 21.73 billion by the end of 2028.
The chrome plating process applyies a thin layer of chromium on to a substrate such as metals or alloys through an electroplating process. It consists of unique properties such as hardness, durability, high strength, and corrosion resistance. It is bifurcated into two types, hard chrome plating and decorative chrome plating, which is also known as thin-dense chrome plating. In many end-use industries, hard chrome plating is commonly used to provide a shiny and smooth surface thatis easier to clean.In a simple way, chrome plating is used to improve the wear and corrosion resistance of certain components.
The prominent factor driving the growth of the chrome plating market is its wide range of applications in various end-use industries such as the automotive industry, aerospace& defense industry, and metal finishing industry. The use of chrome platingin the automotive and aerospace industry helps the manufacturers to improves the performance of several components such as piston rings and valves, tool and dies, printing wear roll surfaces, brake discs, auto engine and suspension parts, motor shafts, aircraft landing gears and components, machineryparts, medical devices, fasteners, and commercial firearms components. Superior characteristics of chrome platingsuch as abrasion resistance, friction coefficient, plating thickness, high hardness, friction coefficient, influence on the base material, adhesion, partial platingare expected to augment the market growth for chrome plating in the automotive industryover the forecast period. Another factor driving the growth of the market isthe upsurge in demand for plastic electroplating in the automotive industry, which is expected to fuel the global market demand over the foreseeable period because plastic electroplating is used in modern vehicles for chrome-plating lightweight parts.
Furthermore, chrome plating is also used for wear and corrosion resistance in addition to its tribological (low friction) characteristics. However, there are some environmental concerns associated with the disposal of the plating solution. Henceforth, many players of chrome plating are looking foranother alternative plating process for automotive components and other products. The high-velocity oxyfuel (HVOF) sprayed coatingsare one of the best alternatives to hard chrome plating, which comprises cermet materials such as tungsten carbide and cobalt.HVOF sprayed coatings can also provide better wear and corrosion resistance. One of the major advantages of HVOF sprayed coatings is its service temperature, which can be resisted at high temperatures up to 540-degree Celsius, while hard chrome can resist up to 425-degree Celsius only. Hence, HVOF sprayed WC-12Co material is expected to hamper the market growth.
ASTM B-556is an ASTM (American Society for Testing and Materials)standard framework imposed for thin chromium coating.
QQ-C-320B is a federal specification issued by the General Services Administration for chromium plating (electrodeposited). This specification is specified for electrodeposited chromium plating.
MIL-C-20218F and MIL-C-23422 are military specifications by the US department of defense for chromium plating applied to surfaces where a lubricating film must be sustained, such as cylinder bores.
SAE AMS 2406L specification has been specified by SAE international for hard chromium plate used on parts for increasing abrasion resistance, increasing tool and die life, maintaining the accuracy of gauges, and reconditioning worn or undersized parts, but usage is not limited to such applications.
The coronavirus out break has been negatively impacted the market growth of chrome platingand other markets across the globe. The automotive industry, as well as the aerospace & defense industry, are the key sectors of the chrome plating market, which have seen a major lump during the assessment period. According to the International Organization of Motor Vehicle Manufacturers, the NAFTA region saw auto production declining by more than 20%, with the US manufacturing declining by 19%. South America dropped by more than 30%, with Brazil down by almost 32%. The Middle East &Africa region also declined sharply, by more than 35%. Meanwhile, Asia-Pacific resisted reasonably well, with a decline of only 10%.
The pandemic has resulted inan imbalance in market demand and shortage in supply, which is causing disruption in the global supply chain and the halting of many production plants across all the regions. Moreover, one of the major factors hampering the growth of many end-use industries is over dependence on China. Over the past few years, many manufacturers are over dependence on China for raw materials required for production. After imposing the lockdown, there is a shortage in supply due to lack of transportation, which has been negatively affected the growth of the global chrome plating industryduring the assessment period.
Furthermore, in the recent past, a decline in demand from various key industries such as construction, textiles, and steel has led to metal and mining companies operating at limited capacity and stockpiling, along with the forced lockdowns reduced their scale of operations.
The supply chain analysis evaluates every stage and step taken by stakeholders involved through out the production and distribution of chrome plating. The supply chain includes raw materials and suppliers, chrome plating producers, distribution channels, and end-use industries.
Generally, chromium is the key raw material of chrome plating, and for decorative chrome plating, copper and nickel areapplied in a middle layer as a raw material. The distribution channel in this market comprises distributors, wholesalers, and e-commerce merchants.
Market USP
Chrome plating has good wear and corrosion resistance property
Market Drivers
Market Restraints
By Type
Report Attribute/Metric | Details |
---|---|
Market Size | 2030: USD 21.73 Billion |
CAGR | 4.0%(2021–2028) |
Base Year | 2021 |
Forecast Period | 2022-2030 |
Historical Data | 2019Â &Â 2020 |
Forecast Units | Value (USD Billion) |
Report Coverage | Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
Segments Covered | By Type, By Application, By Region |
Geographies Covered | North America, Europe, Asia-Pacific, and Rest of the World (RoW) |
Key Vendors | J and N Metal Products(US),Al ASHRAFI Group (UAE),Sharretts Plating (US),Al Asriah Metal Coating L.L.C. (UAE),Peninsula Metal Finishing (US),Pioneer Metal Finishing (US),Allied Finishing (US),Atotech Deutschl (Germany),Interplex Industries (US),Kuntz Electroplating Market (Canada),Trinity Holdings (India),Roy Metal Finishing (US),Bajaj Electroplaters (India),Al wadi Metal (UAE) |
Key Market Opportunities | Many players of chrome plating are looking foranother alternative plating process for automotive components and other products. |
Key Market Drivers |
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Frequently Asked Questions (FAQ) :
chrome plating market is predicted to grow at 4.00 % through forecast period of 2019-2028.
The forecast period for chrome plating market research report is 2020-2027.
Global chrome plating market is dominated by APAC region.