市场调查报告书
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汽车铬市场规模、份额、成长分析、按应用、最终用途、按地区 - 产业预测,2024-2031 年Automotive Chromium Market Size, Share, Growth Analysis, By Application (Decorative Plating, Functional Plating), By End - Use (Two Wheelers, Commercial Vehicles), By Region - Industry Forecast 2024-2031 |
2022年全球汽车铬市场规模为18亿美元,从2023年的18.8亿美元成长到2031年的27.2亿美元,复合年增长率预计为4.7%。
在汽车行业,由于装饰电镀在轮罩、标誌、门把和装饰等各种车辆部件中的应用,对装饰电镀的需求显着增加。这种成长趋势很大程度上源于消费者对镀铬饰面日益增长的偏好,这不仅需要先进的製造设备,而且预计将在未来九年推动市场成长。这一上升趋势的主要贡献者是功能性铬,它主要用于活塞桿和环等关键部件。汽车需求的成长,特别是在北美和欧洲,预计将对市场动态产生积极影响。装饰电镀作为一个关键应用领域脱颖而出,在镀铬需求不断增长的推动下,可能会占据重要的市场占有率。装饰性镀铬比镀镍或涂布更受青睐,因为它具有很强的附着力和良好的耐腐蚀。全球汽车数量正在增加,这一趋势预计将在未来几年进一步推动市场扩张。此外,在容易获得的信贷选择的支持下,乘用车领域的成长预计将加强该行业的成长轨迹,从而扩大对汽车内部和外部零件镀铬的需求。铬的使用在摩托车零件中也很广泛,它可以提高美观性并提供出色的耐腐蚀和耐磨性。
Global Automotive Chromium Market size was valued at USD 1.8 billion in 2022 and is poised to grow from USD 1.88 billion in 2023 to USD 2.72 billion by 2031, growing at a CAGR of 4.7% in the forecast period (2024-2031).
The automotive industry is experiencing a significant uptick in demand for decorative plating, driven by its application across various vehicle components such as wheel covers, logos, door handles, and trims. This rising trend is largely rooted in the growing consumer preference for chrome finishes, which not only necessitates advanced manufacturing facilities but is also expected to propel market growth over the next nine years. A substantial contributor to this upward trend is functional chromium, utilized primarily in critical components like piston rods and rings. The increasing demand for vehicles, particularly in North America and Europe, is set to positively impact market dynamics. Decorative plating stands out as the leading application segment, likely to capture a substantial market share, fueled by the heightened demand for chroming. The application of decorative chromium over nickel or copper plating is particularly favored for its strong adhesion and excellent corrosion protection. With the global vehicle count on the rise, this trend is expected to further catalyze market expansion in the forthcoming years. In addition, the growth in the passenger vehicle segment, supported by accessible credit options, is projected to enhance the industry's growth trajectory and, consequently, amplify the requirement for chroming across both interior and exterior automobile parts. The use of chromium is also prevalent in two-wheeler components, enhancing their aesthetics while providing superior corrosion resistance and wear durability.
Top-down and bottom-up approaches were used to estimate and validate the size of the Global Automotive Chromium market and to estimate the size of various other dependent submarkets. The research methodology used to estimate the market size includes the following details: The key players in the market were identified through secondary research, and their market shares in the respective regions were determined through primary and secondary research. This entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews for key insights from industry leaders such as CEOs, VPs, directors, and marketing executives. All percentage shares split, and breakdowns were determined using secondary sources and verified through Primary sources. All possible parameters that affect the markets covered in this research study have been accounted for, viewed in extensive detail, verified through primary research, and analyzed to get the final quantitative and qualitative data.
Global Automotive Chromium Market Segmental Analysis
Global Automotive Chromium Market is segmented by Application, by End Use, and by Region. Based on Application, the market is segmented into Decorative Plating, Functional Plating. Based on End User, the market is segmented into Two Wheelers, Passenger Vehicles, and Commercial Vehicles. Based on region, the market is segmented into North America, Europe, Asia Pacific, Latin America and Middle East & and Africa.
Driver of the Global Automotive Chromium Market
The Global Automotive Chromium market is significantly driven by the metal's remarkable corrosion resistance and durability, which are vital for various vehicle components subjected to challenging environmental conditions. These inherent properties of chromium enhance the longevity of automotive parts, ensuring they withstand wear and tear effectively. As manufacturers increasingly prioritize the production of durable and reliable vehicles, the demand for chromium continues to rise, reinforcing its critical role in the automotive industry. This trend underscores chromium's importance in maintaining vehicle integrity and performance, ultimately supporting the growth of the global automotive chromium market.
Restraints in the Global Automotive Chromium Market
Restraints in the global automotive chromium market primarily arise from cost fluctuations. Prices for chromium can be unpredictable, influenced by various factors such as mining conditions, geopolitical tensions, and shifting market demand. These price variations can significantly impact the overall cost structure for manufacturers in the automotive industry, making it challenging for them to maintain stable profit margins. As a result, companies may face difficulties in budgeting and forecasting, which could hinder their operational efficiency. Addressing these cost uncertainties is crucial for manufacturers to ensure competitive pricing and sustain their position in the global automotive market.
Market Trends of the Global Automotive Chromium Market
The Global Automotive Chromium market is witnessing a significant shift towards eco-friendly processes, largely influenced by heightened environmental awareness and stringent regulations. The industry is increasingly adopting trivalent chromium plating solutions, which offer a sustainable alternative to traditional hexavalent chromium methods known for their harmful effects. This transition not only complies with global sustainability goals but also enhances the overall safety and environmental footprint of automotive production. As manufacturers prioritize greener practices to meet consumer demand for eco-conscious products, the adoption of trivalent chromium is expected to accelerate, shaping the future landscape of the automotive sector and driving market growth.