Monday, 16 April 2018

High Demand For Plating in Industrial Sectors is also Projected to drive Trivalent Chromium Finishing Market

The worldwide trivalent chromium finishing market is set to achieve USD 379.1 million by 2025, according to a report by Grand View Research, Inc. Trivalent chromium finishing is a type of coating used on metal components. It is preferred over hexavalent chromium on account of high cathode efficiency and better production capacity. In addition, its harmless nature leads to fewer regulations and low overhead costs. End users include aerospace, hydraulics and heavy machinery, oil and gas, automotive, appliances, architectural, fastener, and hardware.

Trivalent Chromium Finishing Market

Decorative and hard are two major types of chromium finishing. The former is used for producing decorative pieces to make it aesthetically pleasing, while the latter is used in producing industrial components with high durability and resistance. For instance, Oberflächentechnik Döbeln GmbH, one of the biggest plating providers in Germany, offers decorative plating services for various automotive original equipment manufacturers in different colors. Atotech, a specialty chemicals company in Germany, has perfected a hard chrome process for industrial sectors in 2017, through its proprietary BluCr method.

The end-of-life vehicles (ELV) directive and the Restriction of Hazardous Substances (RoHS) directive by the European Commission mandates all vehicles and their components be produced in such a manner in order to be disposed or recycled in an environmentally-friendly manner. A similar policy has been passed in the U.S. in order to minimize pollution levels, which posed a hazard in the form of hexavalent chromium plates. Many manufacturers have adhered to the directive and produce plates accordingly. For instance, DecoTri by Pavco Inc. meets requirements of the directive and promises ease during operation and intensity.

The trivalent chromium finishing market is expected to expand during the forecast phase (2014-2025) due to being highly preferred in heavy machinery, hydraulic, and automotive sectors. High demand for plating in such industrial sectors is also projected to drive market demand over the forecast phase. In addition, policies rolled out by regulatory agencies to adopt trivalent chrome as a suitable replacement for hexavalent chrome is predicted to influence market growth. Key market players include Ronatec C2C, Inc.; MacDermid, Inc.; Kakihara Industries Co., Ltd.; and Sarrel Group.

In-Depth Research Report On Trivalent Chromium Finishing Market: