The global chromate conversion coating market is expected to exhibit a growth rate (CAGR) of 7.1% during 2023-2028.
Chromate conversion coating, also known as chem film or Alodine coating, refers to a type of coating used to passivate steel, aluminum, zinc, cadmium, copper, silver, titanium, magnesium, and tin alloys using an immersion bath process. It usually imparts a distinctively iridescent, greenish-yellow color to otherwise white or gray metals. Chromate conversion coating serves as a corrosion inhibitor, a decorative finish, and a primer to improve the adherence of paints and adhesives. It also provides resistance to abrasion and light chemical attacks on soft metals. As a result, chromate conversion coating is widely utilized across several industries, including automotive, aviation and aerospace, buildings and architecture, electronics, marine, medical equipment, etc.
Chromate Conversion Coating Market Trends:
The escalating demand for high-performance coatings to prevent degradation and corrosion in industrial machinery and equipment is primarily driving the global chromate conversion coating market. In addition to this, the widespread adoption of chromate conversion coatings owing to several associated benefits, including self-healing nature, ease of application, high efficiency:cost ratio, etc., is also propelling the market growth. Furthermore, the emerging popularity of chromate conversion coatings for decorative applications as they enhance the look of components by making the surface glossy and aesthetically appealing is creating a positive outlook for the market. Besides this, the increasing focus on predictive maintenance in the hydraulics industry, where chrome offers superior abrasive resistance, is also catalyzing the market growth. Moreover, the rising usage of chromate conversion coatings in aircraft and aerospace structural components, including shock absorbers, side and torsion struts, landing gear, wing parts, etc., is acting as a significant growth-inducing factor. Additionally, the widespread adoption of trivalent chromate conversion coatings in the automotive industry as they represent Restriction of Hazardous Substances Directive (RoHS) compliant materials and aid in reducing carbon footorints is expected to drive the global chromate conversion coating market in the coming years.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each segment of the global chromate conversion coating market report, along with forecasts at the global, regional and country levels from 2023-2028. Our report has categorized the market based on type, class, base type and end use industry.
Breakup by Type:
Breakup by Class:
Breakup by Base Type:
- Aluminum Base
- Zinc Base
- Steel Base
- Copper Base
- Magnesium Base
- Cadmium Base
Breakup by End Use Industry:
- Military and Defense
- Oil and Gas
Breakup by Region:
- North America
- South Korea
- United Kingdom
- Latin America
- Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players.
|Base Year of the Analysis
||Type, Class, Base Type, End Use Industry, Region
|| Asia Pacific, Europe, North America, Latin America, Middle East and Africa
||United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
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Key Questions Answered in This Report:
- How has the global chromate conversion coating market performed so far and how will it perform in the coming years?
- What has been the impact of COVID-19 on the global chromate conversion coating market?
- What are the key regional markets?
- What is the breakup of the market based on the type?
- What is the breakup of the market based on the class?
- What is the breakup of the market based on the base type?
- What is the breakup of the market based on the end use industry?
- What are the various stages in the value chain of the industry?
- What are the key driving factors and challenges in the industry?
- What is the structure of the global chromate conversion coating market and who are the key players?
- What is the degree of competition in the industry?