Automotive Chromium Finishing Global Market Report 2024

The automotive chromium finishing market size has grown steadily in recent years. It will grow from $4.23 billion in 2023 to $4.38 billion in 2024 at a compound annual growth rate (CAGR) of 3.5%. The growth in the historical period can be ascribed to the demand for aesthetic appeal and corrosion resistance, emerging trends in luxury automotive preferences, adherence to regulatory standards, customization in the aftermarket, and the upsurge in vehicle production.

The automotive chromium finishing market size is expected to see steady growth in the next few years. It will grow to $4.96 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%. The anticipated growth in the forecast period can be attributed to the evolving design trends in electric vehicles, a heightened emphasis on sustainable finishing processes, the expanding growth of emerging markets, the integration of connected and autonomous vehicles, and a transition towards non-hexavalent chromium. Notable trends expected in the forecast period encompass progress in chromium plating technologies, the introduction of matte finishes and diverse color variations, collaborative initiatives with automotive designers, the promotion of recyclability and circular economy practices, and strategic partnerships dedicated to research and development.

The anticipated surge in luxury vehicle sales is poised to drive the growth of the automotive chromium finishing market. Luxury vehicles, characterized by enhanced amenities for driver comfort and status, benefit from chromium finishing, which imparts a dazzling and corrosion-resistant surface, contributing to a luxurious and traditionally elegant appearance. For instance, Cox Automotive, a US-based automobile company, reported in December 2022 that the share of luxury vehicle sales increased to 18.2% in November from 17.8% in October, reaching historically high levels. Thus, the increasing sales of luxury vehicles play a pivotal role in propelling the growth of the automotive chromium finishing market.

The escalating demand within the automotive industry is expected to be a driving force for the automotive chromium finishing market in the future. The automotive industry encompasses activities related to the design, development, manufacturing, marketing, and sales of vehicles. Chromium finishings find application in the automotive sector for exterior trims and accents, providing a glossy and corrosion-resistant surface. Additionally, these finishings are used in interior components such as knobs, buttons, and accents. According to the European Automobile Manufacturers Association, global motor vehicle production reached 85.4 million units in 2022, marking a significant 5.7% increase compared to 2021. Furthermore, Brand Finance plc, a UK-based brand valuation company, reported in February 2022 that the automobile sector achieved approximately 78 million unit sales, representing a substantial 10% increase. Hence, the growing demand within the automotive industry contributes to the growth of the automotive chromium finishing market.

Product innovations stand out as a prominent trend gaining traction in the automotive chromium finishing market. Major players within the automotive chromium finishing sector are actively pursuing the development of innovative products to fortify their market positions. For example, in March 2023, STEK USA Inc., a US-based manufacturer specializing in ceramic coatings, films, and car care products, introduced the DYNOchrome series, a groundbreaking chrome paint protection film. This pioneering product is crafted with advanced technology, utilizing a 100% TPU-based plastic film to achieve a natural metal finish. The DYNOchrome boasts a top-coated film with a self-healing and hydrophobic layer, backed by a 10-year warranty against manufacturing defects.

Prominent companies in the automotive chromium finishing market are strategically introducing advanced solutions, such as compact Multi-Purpose Vehicles (MPVs), to gain a competitive advantage. Compact MPVs are vehicles designed to provide families with a blend of space, comfort, and reliability, incorporating advanced technology, flexible seating options, and ample luggage room. For instance, in August 2023, Toyota Kirloskar Motor Private Limited, an Indian-based automobile company, unveiled the Toyota Rumion. This vehicle features Toyota's signature MPV front grille, a chrome-finished front bumper, LED tail lamps with chrome garnish on the back door, and a stylish two-tone interior. The Toyota Rumion is available in six variants, offering choices between manual and automatic transmissions.

In September 2021, Creative Liquid Coatings (CLC), a US-based motor vehicle manufacturing company, successfully acquired significant assets of McKechnie Vehicle Components (MVC) for an undisclosed amount. This strategic acquisition positions CLC to better meet client demands with an expanded footprint across the United States, providing a comprehensive turn-key solution for molded, painted, and chrome-plated parts. McKechnie Vehicle Components (MVC), the acquired entity, specializes in chrome plating and painting plastic and stainless-steel parts within the motor vehicle manufacturing industry.

Major companies operating in the automotive chromium finishing market report are Atotech Deutschland GmbH, Sarrel Group, MacDermid Incorporated, COLLINI GRUPPE, Collini GmbH, Eakas Corporation, Synergies Castings Limited, MVC Holdings LLC, Techmetals Inc., Allied Finishing Inc., United States Chrome Corporation, Chem Processing Inc., Electro-Spec Inc., Micro Metal Finishing LLC, Borough Ltd., Taiyo America Inc., Hadronics Inc., Roll Technology Corp., Valley Chrome Plating Inc., SAT Plating LLC, FH Lambert Limited, American Electroplating Company, Rotorua Electroplaters Ltd., Ogawa Asia Co. Ltd., Kakihara Industries Co. Ltd., Chromium Inc., Ultra Plating Corporation, Pentrate Metal Processing Inc., Pentrate Metal Processing, Seminole Metal Finishing Inc.

Asia-Pacific was the largest region in the automotive chromium finishing market in 2023. The regions covered in the automotive chromium finishing market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. The countries covered in the automotive chromium finishing market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA, Italy, Spain, Canada.

The primary types of base materials for automotive chromium finishing are metal and plastic. Metals encompass a diverse range of materials characterized by opaqueness, flammability, ductility, and often a glossy appearance. They serve as good conductors of electricity and heat, generating cations by electron loss and producing basic oxides and hydroxides. The various processes involve the application of decorative chrome and hard chrome to passenger cars, light commercial vehicles (LCV), heavy commercial vehicles (HCV), and two-wheelers. The end users in this process include original automotive equipment manufacturers (OEM) and aftermarket applications.

The automotive chromium finishing market research report is one of a series of new reports that provides automotive chromium finishing market statistics, including automotive chromium finishing industry global market size, regional shares, competitors with a automotive chromium finishing market share, detailed automotive chromium finishing market segments, market trends and opportunities, and any further data you may need to thrive in the automotive chromium finishing industry. This automotive chromium finishing market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry.

The automotive chromium finishing market includes revenues earned by entities by providing polished chrome plating, smoked chrome plating, and precision chrome plating. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included.

The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified).


The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.