What Happened
Global Demand Driven By Regulatory Bans On Hexavalent Chromium
The global zirconium-based conversion coatings market is expected to reach 170 index by 2035, driven by regulatory bans on hexavalent chromium and growing demand from the automotive and aerospace industries. The market is dominated by the Asia-Pacific region, with China holding an estimated 60-70% of installed capacity. The trend towards premiumization and digitalization is also prominent, with companies investing in high-performance and specialty formulations. According to IndexBox, the market is expected to grow at a compound annual rate of 5-7% from 2026 to 2035.