Currently it's possible to switch between chrome browser tabs in the order they were visited before. Hit Ctrl+Shift+A to list all opened tabs, navigate them using arrows if needed and finally press Enter. Unfortunately, it's still impossible to do that natively via handy Ctrl+Tab hotkey.
It can be achieved in Windows using AutoHotkey automation tool. Install v2.0, and run the script:
.\AutoHotkey[32|64].exe chrome-ctrl+tab.ahk
Ctrl+Tab and Ctrl+Shift+Tab, arrows navigation and Esc will work the way you expected.
Instead of starting AutoHotkey manually, create shortcut for .\AutoHotkey[32|64].exe chrome-ctrl+tab.ahk target and add it to startup system folder.