According to the research report titled ‘Europe Automotive Chromium Finishing Market Size By Process, By Base Material, By End-user, By Vehicle, Research Report, Country Outlook, Price Trends, Growth Prospects, Competitive Industry Share & Forecasts, 2021 – 2027’, available with Market Study Report, Europe automotive chromium finishing market is anticipated to record a strong compound annual growth rate through 2026.
 

Increasing sales of passenger vehicles, recovering economic conditions following the COVID-19 pandemic, and rising electric vehicle production are propelling the Europe automotive chromium finishing market. However, strict regulatory norms regarding chromium chemicals applications like testing, packaging and labelling of chromium chemicals are expected to restrain the market expansion.
 

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In terms of process, the industry space is bifurcated into decorative chrome and hard chrome, whereas the end-user terrain comprises of automotive OEM and automotive aftermarket segments.
 

Speaking of base material, Europe automotive chromium finishing market is fragmented into metal, steel, plastics, aluminum and others. The metal segment has been growing considerably in the recent past and is anticipated to seize 80% market share by the end of stipulated timeframe. This can be attributed to metal’s widespread adoption  as a decorative exterior and interior that helps in providing a luscious look on vehicles. Also, growing demand for piston rods, allow wheels, fuel doors, grills and others is fueling the segmental size.
 

Based on vehicle, industry scenario is classified into passenger cars, LCV, HCV and two-wheelers. The passenger cars segment is expected to garner USD 1.2 billion for Europe automotive chromium finishing industry by 2027. The product offers premium characteristics which helps in providing a shiny and bright finish to automobiles. It also improves the durability and aesthetic appeal of both the exterior and interior of the vehicles.
 

Regionally, the Germany automotive chromium finishing industry size is to expand with 35% CAGR through 2027, accredited to the high presence of large number of automakers in the country. Additionally, Germany has developed as a key manufacturer of electric vehicles and thus, surging EV sales and soaring investment to alleviate toxic carbon emissions are expected to provide several revenue-generating opportunities for the market majors.
 

Some of the leading companies in Europe automotive chromium finishing market sphere are Verbrugge International BV, Atotech Group, Andritz AG, Reeve Metal Finishing Co. Ltd, IHI Hauzer Techno Coating B.V., Metzka GmbH, Silchrome Plating Ltd., Satis Group, C.F.G. Rettifiche S.r.l, Borough Ltd., Stelmi Italia S.pA., Allenchrome Electroplating Ltd., Galvanica Italia S.r.l. and Graindorge among others.