According to the research report titled ‘North America Automotive Chromium Finishing Market Forecast 2027 By End-user, By Base Material, By Process, By Vehicle, Research Report, COVID-19 Impact Statistics, Country Outlook, Price Trends, Historic Data, Growth Prospects, Competitive Industry Share’, available with MarketStudyReport, North America automotive chromium finishing market is anticipated to accrue a valuation of USD 380 million by 2027.

North America automotive chromium finishing industry is projected to expand significantly, owing to the consistent development in the automotive sector. Besides that, as the overall discretionary income of the local population increases, the rate of vehicle ownership is growing substantially.

Request sample copy of this report: https://www.marketstudyreport.com/request-a-sample/4229238/  

Along with that, individuals preference to acquire highly appealing vehicles, and various technological developments to enhance the external finishing of vehicles are driving the market expansion. Notably, chromium finishing offers shiny appearance, higher durability, and bright finish to a vehicle’s interior & exterior surface.

Segmentation of the market concerning base material comprises metal (aluminium, steel, others), and plastic. Among these, the steel metal segment is expected to account for 65% market share by 2027, owing to its immense employment in automotive parts production like drivetrain, fuel tank, suspension, braking & steering system, and body structure. The chromium finishing offers properties like high corrosion resistance and resilience to wear & tear.

Speaking of the process terrain, North America automotive chromium finishing market is divided into hard chrome and decorative chrome. The hard chrome segment is anticipated to gain traction through 2027, since it makes auto parts that are sturdy enough to withstand a vast range of damages while also enhancing their longevity.

Analysing the end-user outlook, the market bifurcation includes automotive OEM and automotive aftermarket. As the report cites, the automotive aftermarket segment is projected to account for 80% market share over the forecast period, because of steadily surging automotive sales, as well as focus on timely restoration & maintenance of vehicles.

Moving towards the market segmentation by vehicle type, it includes HCV, passenger car, two-wheeler, and LCV. Among these, the passenger car segment is estimated to hold 85% revenue share by 2027, owing to individual inclination for private vehicle, and widespread trend of customizing automotive parts for aesthetic appeal.

Talking about the regional outlook, the U.S. market is expected to progress at a substantial rate through 2027, because of the rising popularity and demand for electric cars. Furthermore, strict government rules regarding the acceptable emission level of vehicles, and awareness among people concerning the consequences of greenhouse gases, thus boosting the market outlook.

Eakas Corporation, Taiyo Technology of America Ltd., MacDermid Inc., Atotech B.V., Valley Chrome Plating Inc., and U.S. Chrome Corporation are influencing North America automotive chromium finishing market trends.