• About us
  • Contact Us
  • Submit a Press Release
Thursday, February 9, 2023
Share on facebook
Share on twitter
Share on linkedin
Share on pinterest
South-Africana
No Result
View All Result
Submit PR
  • AFRICA
    Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

    Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

    Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

    Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

    Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

    Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

    The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

    Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

  • Botswana

    Botswana increases 2022 economic growth forecast to 6.7% – Reuters.com

    Scatec refinances US$100 million facility – PV-Tech

    Wide Support For New WHO ‘Best Buys’ To Address NCDs – Health Policy Watch

    Three Youth-Led African Agritech Businesses Receive Investment To Help Scale Up African Agriculture – Forbes

  • Eswatini

    Ngoma over the moon with spa and restaurant business – Caj News Africa

    Why Russia Is Failing To Gain Influence In Africa – Yahoo Finance

    Eswatini: Everything for patients – ZAWYA

    Combating the water crisis in Eswatini in southern Africa – Church News

  • Lesotho

    Meet the female cycling addicts – Business Daily

    Lesotho Increases Fruit Production – ZAWYA

    South Africa: President Ramaphosa encouraged by progress achieved in the Kingdom of Lesotho – ZAWYA

    Movers & Shakers: Five promotions at Health and Aged Care – The Mandarin

  • Namibia

    Local mining sector to showcase investment opportunities at SA … – Namibia Economist

    Osino receives offers to finance Twin Hills – Namibian

    /Ae//Gams Festival set for April – Participation applications now open – Namibia Economist

    Zooming in on Polycystic ovary syndrome – Namibia Economist

  • South Africa

    South Africa's biggest retailer is offering all-inclusive bursaries for … – BusinessTech

    EMERGING MARKETS-Turkey's lira hits fresh low; Sino-U.S. tensions weigh on China shares – Yahoo Finance

    South Africa’s biggest retailer is offering all-inclusive bursaries for 2023 – here’s how to apply – BusinessTech

    Lesotho, South Africa discuss issues of Mutual Interest – African Business

    Big changes for food labels in South Africa – including sugar warnings and an end to ‘super-food’ – BusinessTech

    Discount retailer Pepkor first quarter sales up 6.5% on store expansion

    Trending Tags

    • Press releases

      UHT Processing Market Statistics, Growth, Trends & Forecasts

      Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

      Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

      Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

      Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

      Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

      Data Center Power Market Projected to Gain $26.1 billion by 2025

      WTTx Market Size is projected to grow around worth US$ 33.0 billion by 2027

      WTTx Market Size is projected to grow around worth US$ 33.0 billion by 2027

      Trending Tags

      • AFRICA
        Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

        Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

        Spotcovery, ambayo hutumika kama daraja kati ya Wamarekani Weusi na Waafrika, imezindua zana ya uboreshaji kwenye tovuti.

        Spotcovery, intermediaire entre les Afro-Américains et les Africains, a lancé un outil d’optimisation sur le site

        Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

        Spotcovery, Which Serves as a Bridge Between African Americans and Africans, has Launched Optimization Tool on Site

        The Water Project Deepens its Commitment to Clean Water to Vihiga County, Kenya

        Mradi wa Maji waiimarisha ahadi yake ya kusafisha maji katika Kaunti ya Vihiga, Kenya

      • Botswana

        Botswana increases 2022 economic growth forecast to 6.7% – Reuters.com

        Scatec refinances US$100 million facility – PV-Tech

        Wide Support For New WHO ‘Best Buys’ To Address NCDs – Health Policy Watch

        Three Youth-Led African Agritech Businesses Receive Investment To Help Scale Up African Agriculture – Forbes

      • Eswatini

        Ngoma over the moon with spa and restaurant business – Caj News Africa

        Why Russia Is Failing To Gain Influence In Africa – Yahoo Finance

        Eswatini: Everything for patients – ZAWYA

        Combating the water crisis in Eswatini in southern Africa – Church News

      • Lesotho

        Meet the female cycling addicts – Business Daily

        Lesotho Increases Fruit Production – ZAWYA

        South Africa: President Ramaphosa encouraged by progress achieved in the Kingdom of Lesotho – ZAWYA

        Movers & Shakers: Five promotions at Health and Aged Care – The Mandarin

      • Namibia

        Local mining sector to showcase investment opportunities at SA … – Namibia Economist

        Osino receives offers to finance Twin Hills – Namibian

        /Ae//Gams Festival set for April – Participation applications now open – Namibia Economist

        Zooming in on Polycystic ovary syndrome – Namibia Economist

      • South Africa

        South Africa's biggest retailer is offering all-inclusive bursaries for … – BusinessTech

        EMERGING MARKETS-Turkey's lira hits fresh low; Sino-U.S. tensions weigh on China shares – Yahoo Finance

        South Africa’s biggest retailer is offering all-inclusive bursaries for 2023 – here’s how to apply – BusinessTech

        Lesotho, South Africa discuss issues of Mutual Interest – African Business

        Big changes for food labels in South Africa – including sugar warnings and an end to ‘super-food’ – BusinessTech

        Discount retailer Pepkor first quarter sales up 6.5% on store expansion

        Trending Tags

        • Press releases

          UHT Processing Market Statistics, Growth, Trends & Forecasts

          Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

          Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

          Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

          Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

          Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

          Data Center Power Market Projected to Gain $26.1 billion by 2025

          WTTx Market Size is projected to grow around worth US$ 33.0 billion by 2027

          WTTx Market Size is projected to grow around worth US$ 33.0 billion by 2027

          Trending Tags

          Submit PR
          No Result
          View All Result
          South-africana
          Submit PR
          Home Press Releases

          Automotive Chromium Market Size Forecast to Reach $2.8 Billion by 2027

          admin by admin
          April 4, 2022
          in Press Releases
          Automotive Chromium Market Size Forecast to Reach $2.8 Billion by 2027
          Share on FacebookShare on Twitter


           


          Automotive Chromium Market

          (EMAILWIRE.COM, April 04, 2022 ) Automotive Chromium market size is forecast to reach US$2.8 billion by 2027 after growing at a CAGR of 6.7% during 2022-2027. The Automotive Chromium Industry uses a Chrome plating technique, which is a electroplating method of a thin layer of chromium onto a metal object such as copper, stainless steel, aluminium, and others. The product of Automotive chromium plating is called chrome. These automotive chromium plating can be decorative plating as well as offer corrosion resistance, easy-cleaning procedures, and increase surface hardness. Automotive Chromium plating is being increasingly used for plating various passenger vehicle components like bumpers, grills, mirror covers, inner and outer door handle, interior decorative parts, headrest, and other parts. The chromium plating process involves various different steps which include degreasing, cleaning dirt and impurities, different types of pre-treatment varying with the consistency of substrate material. Furthermore, surge in the demand for the Automotive Industry in the past and in the coming years are some of the major factors driving the Automotive Chromium market growth during the forecast period.

          COVID-19 Impact
          The recent outbreak of COVID-19 indicates that several developing and developed economies were not well-equipped to prevent the disease from spreading. Currently, due to the COVID-19 pandemic, the core industry automotive was highly impacted. Most of the manufacturing plants of automobiles were shut down, which declined the production of commercial and passenger vehicles. Also, due to supply chain disruptions such as raw material delays or non-arrival, disrupted financial flows, and rising absenteeism among production line staff, OEMs have been forced to function at zero or partial capacity, resulting in lower demand and consumption of Automotive Chromium. The governments of various countries are expected to increase their healthcare spending over the coming years to fight similar situations in the future. This is expected to ensure a positive demand for various Automotive Chromium products.

          Automotive Chromium Market Segment Analysis By Plating

          The Decorative Chromium plating segment held the largest share of 54% in the Automotive Chromium market in 2021. Decorative chromium is a thin layer of chromium deposit applied to a metallic or plastic substrate in order to impart particular surface properties like bright appearance, corrosion resistance, wear resistance, and scratch resistance. Decorative chromium is comparatively thinner than hard chromium. Additionally, decorative chromium depositions have a micro-discontinuity (micro-porous, micro-crack) structure in contrast to hard chromium, which is normally crack-free. This kind of Chromium plating is mainly applied in luxury passenger vehicles. As a result, the demand for Automotive Decorative Chromium plating can be seen positive, which contributes to increased business growth in the Automotive Chromium market.

          Automotive Chromium Market Segment Analysis – By Vehicle

          The Passenger Vehicles segment held the largest share in the Automotive Chromium market in 2021 and is growing at a CAGR of 9.5% during 2022-2027. The sale of passenger vehicles has been notably increasing in the developing regions, owing to the growing disposable income of the population in these regions. According to OICA, global passenger car sales was accounted for 63,730,387 in 2019 and 53,598,846 in 2020, showing a small decrease due to the impact of covid. As the development and urbanization of countries are growing at a rapid rate, more and more people from rural areas are moving to the cities, thereby which is increasing the demand for high-quality passenger cars for them. The number of passenger car-owners opting for chromium-plated parts in their vehicles has been multiplied because the plating doesn’t only enhances the decorative/aesthetic appearance of the vehicle but also protects it from rust and scratches as well. Many passenger vehicle manufacturers are using chromium-plated parts to their vehicles to enhance the overall aesthetic appeal to attract and increase their customer base, which has led to significant product demand in the Automotive Chromium industry during the forecast period.

          Request for Sample Report @ https://www.industryarc.com/pdfdownload.php?id=503570

          Report Price: $ 4500 (Single User License)

          Automotive Chromium Market Segment Analysis – By Geography

          Europe region held the largest share in the Automotive Chromium market in 2021 up to 42% and remains the epicenter of development prospects in the global Automotive Chromium market. The presence of prominent manufacturers like Mercedes Benz, Porsche, BMW, and others, which inflates the market scope and continues the market growth in the European region. The automotive industry remains crucial for Europe’s prosperity. According to the European Union, “The automotive sector provides direct and indirect jobs to 13.8 million Europeans, representing 6.1% of total EU employment. 2.6 million people work in the direct manufacturing of motor vehicles, representing 8.5% of EU employment in manufacturing. The EU is among the world’s biggest producers of motor vehicles.” The European Automotive industry, to strengthen the competitiveness and preserve its top place, supports global technological harmonization and also provides funding for its R&D. which has led to significant product demand in the Automotive Chromium industry in the European region during the forecast period.

          Automotive Chromium Market Drivers

          Increase of production activities in the automotive sector

          Globalization, industrialization, digitalization, and increasing competition are pressing the face of the industry. In addition, increasing safety requirements and voluntary environmental commitments by the automotive industry have also contributed to the changes ahead. According to Organisation Internationale des Constructeurs d’Automobiles (OICA), there has been a global production of 57,262,777 vehicles in 2021, which shows a significant surge compared to the year 2020, where there was a production of 52,146,292, after it suffered a fall from 67,485,823 in 2019, due to the covid-19 pandemic. Proving the capacity of the automotive industry to recover in spite of a global crisis, consequently maintaining a market demand for Automotive Chromium as well.

          Lower Toxicity compared to any other plating

          From the health and goodwill of the environment perspective, trivalent chromium, which is used for the plating process, is comparatively less toxic. Because of the lower toxicity, it is not regulated as strictly, which reduces overhead costs. Other environmental concerns and health advantages include its higher cathode efficiencies, which cause less chromium air emissions; lower concentration levels, leading to less chromium waste, and anodes that don’t decompose.

          Direct Purchase @ https://www.industryarc.com/purchasereport.php?id=503570

          Automotive Chromium Market Challenges

          Higher price associated with the Automotive Chromium

          The high cost associated with the Automotive Chromium plays a spoilsport in the rapidly growing Automotive Chromium market over the forecast period. On average, the Automotive Chromium plating for vehicles ranges from $500 to $2500, which is higher in the price for most of the consumers, hindering the purchases made by the manufacturing units. Hence, this factor has become the major challenge of Automotive Chromium in terms of consumption, which constrains the growth of the market.

          Automotive Chromium Industry Outlook

          Technology launches, acquisitions, and R&D activities are key strategies adopted by players in this market. Automotive Chromium top 10 companies include:

          Atotech Deutschland

          Borough Ltd

          Chem Processing Inc

          MacDermid Inc.

          U.S. Chrome

          Borough UK

          Taiyo Technology of America Inc.

          COLLINI GRUPPE

          Valley Chrome Plating Inc.

          F.H. Lambert Limited

          Recent Developments

          In August 2019, Atotech acquires J-KEM International. Atotech states in their press release that “J-KEM is a global supplier of high-quality chemical products and processes for the printed circuit board and general metal finishing industries. J-KEM’s strong technology and customer relationships complement Atotech’s product portfolio and will help expand addressable markets and drive future growth.”

          Key Takeaways

          Europe mainly dominates the Automotive Chromium market, owing to the presence of key automotive vehicle production plants in this region.

          Asia-Pacific has a rising demand for Automotive Chromium in growing Automobile industries in emerging economies allied with increasing decorative temptation in the region is likely to boost demand for the market in these regions.

          Decorative Chromium plating dominates the Automotive Chromium market mainly because it offers stain resistance.

          However, Chromium plating remains as high-cost spending for the various middle class and lower class people to afford, which, hence being a growth restraint for the Automotive Chromium market.

          Relevant Report:

          Chromium Market
          https://www.industryarc.com/Report/18668/chromium-market.html

          For more Chemicals and Materials Market reports, please click here

          About IndustryARC: IndustryARC primarily focuses on Cutting Edge Technologies and Newer Applications market research. Our Custom Research Services are designed to provide insights on the constant flux in the global supply-demand gap of markets. Our strong team of analysts enables us to meet the client research needs at a rapid speed, with a variety of options for your business. Any other custom requirements can be discussed with our team, drop an e-mail to sales@industryarc.com to discuss more about our consulting services.



          Source link

          Previous Post

          The Automotive Antipinch Power Window Systems Market to witness on-demand service access

          Next Post

          African Development Bank Group Vice Presidents and Director General on official visit to Botswana and Zimbabwe

          Related Posts

          Press Releases

          UHT Processing Market Statistics, Growth, Trends & Forecasts

          February 3, 2023
          Press Releases

          Industrial PC Market Worth $6.6 billion in 2028 at a CAGR of 5.5%

          February 3, 2023
          Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026
          Press Releases

          Automotive Adhesive Tapes Market Size is projected to reach USD 12.1 Billion By 2026

          February 3, 2023
          Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024
          Press Releases

          Fatty Amines Market Global Analysis by Top Key Players Focusing on Growth Strategies and Upcoming Trends 2024

          February 3, 2023
          Press Releases

          Data Center Power Market Projected to Gain $26.1 billion by 2025

          February 3, 2023
          Low VOC Adhesives Market worth $63.3 billion by 2026
          Press Releases

          Low VOC Adhesives Market worth $63.3 billion by 2026

          February 2, 2023

          Discussion about this post

          LATEST NEWS

          Botswana increases 2022 economic growth forecast to 6.7% – Reuters.com

          February 6, 2023

          Scatec refinances US$100 million facility – PV-Tech

          February 6, 2023

          Wide Support For New WHO ‘Best Buys’ To Address NCDs – Health Policy Watch

          February 6, 2023

          Three Youth-Led African Agritech Businesses Receive Investment To Help Scale Up African Agriculture – Forbes

          February 6, 2023

          About

          South Africana™ reports and aggregates business, socio-economic, Tech and industrial news on Southern African countries.

          We provide press release distribution to media outlets in Africa including Botswana, Eswatini, Lesotho, Namibia and South Africa. To submit a press release today, contact us.

          Categories

          BOTSWANA

          ESWATINI

          LESOTHO

          NAMIBIA

          SOUTH AFRICA

          PRESS RELEASES

          Recent Post

          Recent Posts
          • Botswana increases 2022 economic growth forecast to 6.7% – Reuters.com
          • Scatec refinances US$100 million facility – PV-Tech
          • Wide Support For New WHO ‘Best Buys’ To Address NCDs – Health Policy Watch

          Subscribe to Our Newsletter

            Share Us

            Share on facebook
            Share on twitter
            Share on linkedin
            Share on pinterest
            South Africana™ is part of GroupWeb Media Network. © 2023 GroupWeb Media LLC
            No Result
            View All Result
            • AFRICA
            • Botswana
            • Eswatini
            • Lesotho
            • Namibia
            • South Africa
            • Press releases

            © 2022 Copyright SOUTH-AFRICANA