Market Insights

The market size of Trivalent Chromium Finishing is estimated to touch a valuation of USD 416 million by 2030 and is projected to register a 5.80% CAGR over the forecast period (2021-2030)

Market Segmentation

The global Trivalent Chromium Finishing Industry is broadly bifurcated based on type and application. The type segment comprises passivation, plating, and conversion coatings.

Based on the application, the global Trivalent Chromium Finishing Industry is bifurcated into hydraulics & heavy machinery, oil & gas, automotive, aerospace, and others.

Implementation of new regulatory reforms on hexavalent chromium to restrict emissions has led to a replacement with trivalent chromium which is highly demanded by the end-user industry and customers. Most of the industry players have shifted to hexavalent to trivalent chromium following the demand and stringent regulations.Characteristics such as easy to clean, better exposure around holes, precise throw, low burning, zero necessity for color buffing, and reduced toxic emissions which helps to keep the potential operator safe from hazardous exposure are some of the benefits of trivalent chromium finishing.

Though the operational cost of the trivalent chromium is higher in contrast to hexachrome; the cost could be controlled through reduced rejection rate, product quality, growing demand for eco-friendly products, which could help the market players to gain significantly.

Regional Outlook

Region-wise, North America is anticipated to be a key market for trivalent chromium finishing owing to the emerging oil and gas industry, automobile, aerospace, hydraulics & heavy machinery, and others. The growing existence of the industries in the region such as Canada and the U.S. are stimulating the growth of the global Trivalent Chromium Finishing Industry. The North American automotive sector is anticipated to be a major contributor in terms of revenue generation for the global market during the forecast period owing to the escalating demand for new technology in the manufacturing industries. The growing demand for ecologically feasible coating materials and technologies is predicted to be a key driver for the Trivalent Chromium Finishing Industry in North America. The shift in demand for replacing hexavalent chromium finishing into other advanced solutions is projected to propel the global Trivalent Chromium Finishing Industry over the forecast period.

The Asia Pacific with high growth prediction in the global trivalent chromate conversion coating market is anticipated to flourish rapidly during the forecast period. The booming manufacturing sector in the region, specifically the automobile segment will drive the global market growth. Automotive manufacturing in regions such as India, Japan, and South Korea is on the rise, and this growth trend is impacting the market positively. High demand for superior-finish products and wide application in premium automotive technologies is creating opportunities in the Trivalent Chromium Finishing Industry in the region. Emerging machinery and metalworking market in the region are also creating lucrative avenues for trivalent chromium finishing and is expected to propel the market growth during the forecast period.

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Major Players

Industry players engaged in the global Trivalent Chromium Finishing Industry includes Midland Polishing and Plating Ltd., Chem Processing Inc., CHEMEON Surface Technology LLC, Ronatec C2C Inc., Electro Chemical Finishing, Master Finish Company, MacDermid Inc, Master Finish Company, J’s Industries Inc., Atotech, and Asterion LLC.

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