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© 2016 Global Market Insights, Inc. USA. All Rights Reserved Trivalent Chromium Finishing Industry analysis research and trends report.

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Presentation on theme: "© 2016 Global Market Insights, Inc. USA. All Rights Reserved Trivalent Chromium Finishing Industry analysis research and trends report."— Presentation transcript:

1 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Trivalent Chromium Finishing Industry analysis research and trends report for 2019-2025: Global Market Insights Inc.

2 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  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  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. Regional Analysis of Trivalent Chromium Finishing Market :

3 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  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. Application Analysis of Trivalent Chromium Finishing Market :

4 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Browse Full Market Research Report On Trivalent Chromium Finishing Market @ http://bit.ly/2KwMzF1http://bit.ly/2KwMzF1 Request for an in-depth table of contents for this report @ http://bit.ly/2yKKBLI http://bit.ly/2yKKBLI

5 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com Market research reports: Key analytical components

6 © 2016 Global Market Insights, Inc. USA. All Rights Reserved www.gminsights.com  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. Competitive Market Share of Trivalent Chromium Finishing Market:

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