Global Chromate Conversion Coating Market to Grow at 7.1% During 2023-2028, Fueled by Rising Product Utilization in Aerospace and Automotive Sectors

September 07, 2023 | Chemical & Materials

According to the latest report by IMARC Group, titled “­­ Chromate Conversion Coating Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028,” 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 chromating, is a surface treatment process applied to metals, particularly aluminum and its alloys, to enhance their corrosion resistance and paint adhesion, and provide other functional benefits. This process involves the chemical reaction between a chromate solution and the metal substrate, leading to the formation of a thin film or coating on the metal's surface. The primary purpose of chromate conversion coating is to create a protective layer that acts as a barrier against corrosion. This layer inhibits the reaction of the metal with environmental factors, such as moisture, chemicals, and salts, that can lead to oxidation and degradation, and prepares the substrate for subsequent painting, bonding, or sealing operations. Chromate conversion coatings find widespread use in industries such as aerospace, automotive, electronics, and construction, where metals are exposed to harsh environments and need protection against corrosion.

Global Chromate Conversion Coating Market Trends:

The global chromate conversion coating market is experiencing significant growth due to the expanding product applications across various industries such as the aerospace sector, which relies on chromate conversion coatings to safeguard aircraft components from the harsh operating environment, ensuring extended service life and enhanced performance. Besides this, the bolstering growth of the automotive industry, wherein these coatings are used to protect vehicle parts and structures against corrosion, contributing to longer-lasting and safer vehicles, is aiding in market expansion. Furthermore, the growing demand for consumer electronics and the miniaturization of electronic devices necessitate effective protection against corrosion, which has led to increased adoption of chromate conversion coatings, thus strengthening the market growth. In addition to this, amid escalating environmental concerns, regulatory agencies worldwide have imposed stringent restrictions on the use of hexavalent chromium compounds due to their potential harm to ecosystems and human health, thus creating a favorable outlook for the market. Moreover, extensive research and development (R&D) efforts towards trivalent chromate conversion coatings, which offer comparable corrosion resistance and adhesion properties while being more environmentally friendly, are propelling the market forward. Apart from this, ongoing emphasis on sustainability, coupled with the evolving needs of key industries, is creating a conducive environment for businesses in the chromate conversion coating market to thrive by providing solutions that meet both performance and regulatory requirements.

Market Summary:

  • On the basis of the type, the market has been divided into type 1 and type 2.
  • Based on the class, the market is bifurcated into class 1A and class 3.
  • On the basis of the base type, the market has been segregated into aluminum, zinc, steel, copper, magnesium, cadmium, and other bases.
  • Based on the end use industry, the market is categorized into aerospace, maritime/naval, military and defense, electrical, automotive, oil and gas, construction, industrial, and others.
  • On a regional basis, the market has been segmented into North America (the United States and Canada), Asia-Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
  • The competitive landscape of the industry has also been examined along with the profiles of the key players.

Report Scope:

Report Features Details
Base Year of the Analysis 2022
Historical Period 2017-2022
Forecast Period 2023-2028
Units US$ Billion
Segment Coverage Type, Class, Base Type, End Use Industry, Region
Region Covered  Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Customization Scope 10% Free Customization
Report Price and Purchase Option Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support 10-12 Weeks
Delivery Format PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)

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Global Chromate Conversion Coating Market to Grow at 7.1% During 2023-2028, Fueled by Rising Product Utilization in Aerospace and Automotive Sectors
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