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.
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.
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