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North America Automotive Chromium Finishing Market To Hit USD 380 Mn By 2027. North America automotive chromium finishing market size is expected to grow at a strong rate as the automotive sector in the region is seeing a consistent upward trend. The number of vehicle owners is rapidly increasing because of the rise in the average disposable income of the regional population.
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North America Automotive Chromium Finishing Market To Witness Accelerated Growth by 2027 ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
North America Automotive Chromium Finishing Market To Hit USD 380 Mn By 2027. North America automotive chromium finishing market size is expected to grow at a strong rate as the automotive sector in the region is seeing a consistent upward trend. The number of vehicle owners is rapidly increasing because of the rise in the average disposable income of the regional population. • People are increasing their spending capacity to buy highly attractive cars. Several technological advancements are taking place in boosting the quality of surface finishing of these vehicles, fostering the use of automotive chromium finishing in the region. • Carmakers and customers alike, are growing their inclination to customize the designs of their cars. Automotive chromium finishing procedures will play a vital role in creating attractive customizations for a wide range of vehicles. This process has many beneficial properties, such as bright finish, great durability, and a shiny appearance across the interior and exterior parts of the car. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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The automotive sector in the U.S. is showing great signs of progress as the demand for electric cars is growing at an exponential rate among customers in the country. The federal government has become quite stringent with its rules regarding the permissible emission rate of the automotive sector. Consumers in the U.S. have become more aware of the harmful effects of greenhouse gases on the environment and have opted for purchasing electric cars instead of fossil-fueled ones. These factors have boosted the application area of automotive chromium finishing. North America automotive chromium finishing market size is projected to reach a valuation of more than $380 million by 2027. The steel base material applications will capture more than 65% share of the regional market by 2027 as it is popularly used in the manufacturing of automobile parts. A vehicle consumes an average of more than 900 kgs of steel to make various components that include drive train, body structure, braking & steering systems, suspension, and fuel tanks, among others. Automotive chromium finishing is highly used in vehicles, as they not only enhance their aesthetic appearance but offer a vital functional advantage, which is high resistance to corrosion and wears & tear of auto components. The aftermarket segment is estimated to capture more than 80% share of automotive chromium finishing market in North America by 2027. As the sale of automobiles is sharply growing in the region, so is the need to send them for timely repair and maintenance services. The exterior parts of vehicles require the most repairs and maintenance, thereby increasing the use of automotive chromium finishing. ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
Segments of North America Automotive Chromium Finishing Market ; • North America Market, By End-user • Automotive OEM • Automotive Aftermarket • North America Market, By Vehicle • Passenger car • Light commercial vehicle (LCV • Heavy commercial vehicle (HCV) • Two-wheelers ©2018 Graphical Research. All rights reserved. www.graphicalresearch.com
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