Trivalent Chromium Finishing Market Share, Potential Growth, Latest Trends and Forecasts Report By 2025 “The trivalent chromium finishing industry is anticipated to grow at a significant CAGR of 5.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe.”
Global Trivalent Chromium Finishing Market is anticipated to reach USD 379.1 million by 2025. The market is anticipated to grow at a healthy rate in the years to come. The factors that propel the growth of the market include rising awareness about safety and health coupled with governing mandates to impose trivalent chromium as a replacement for hexavalent chromium, and extensive investigation to decrease the use of destructive chemicals in the chrome finishing procedure. The trivalent chromium finishing industry is anticipated to grow at a significant CAGR of 5.4% in the upcoming period as the scope, product types, and its applications are increasing across the globe. Trivalent chromium finishing market may be explored by system, application, end use, and geography. The market may be explored by system as Plating, Passivation, and Conversion Coatings. The “Trivalent Chromium plating” dominated the market in 2016 and is anticipated to maintain its dominance by 2025. As compared to coating, plating has gained higher share because of huge acceptance in productions such as appliance, architecture, and automotive. Trivalent chromium finishing industry may be explored by application as Decorative, and Functional. The “Decorative” segment dominated the market in 2016 and anticipated to maintain its dominance by 2025. Availability of different shades and product differentiation could be attributed to decorative applications. Chromium improves the appearance of components giving rise to a glossy and corrosion resistant surface.
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