Electrocoating Market (Updated Version Available)

Electrocoating Market Size By Application, Industry Analysis Report, Regional Outlook (North America, Europe, Asia Pacific, Middle East & Africa, And South America), Growth Potential, Price Trends, Competitive Market Share & Forecast, 2020 - 2026

Report ID : RI_76552 | Date : June 2020 | Format : ms word ms Excel PPT PDF

This Report Includes The Most Up-To-Date Market Figures, Statistics & Data
Electrocoating is an organic coating method that uses electrical current to deposit paint onto a part or assembled product. Because of its ability to coat even the most complex parts and assembled products with specific performance requirements, electrocoating is used throughout industry as a means to coat products in various categories such as: agricultural equipment, appliances, automobiles, automotive parts, marine components, transformers, metal office furniture, lawn & garden equipment and furniture, fasteners, trim appliances, fixtures and much more.
The automotive sector is the largest consumer of electrocoating technology, and the growing automotive sector in developing nations highly contributes to the market growth. High demand for e-coating in the automotive sector is mainly driven by the growing production of passenger cars and commercial vehicles. The market for e-coating is influenced by end-user industries awareness about the need for corrosion-free, smooth finish, wide compatibility with other coatings (liquid and powder), applicability on all types of substrates, such as steel, aluminum, electro-galvanized, galvanized, zinc, iron, etc., and the level of protection that can be achieved through this technology. The automotive manufacturers promote the trend of color customization in vehicles, especially in passenger cars. The increasing purchasing power in developing countries, economic growth, growing infrastructure projects supported by respective governments, and the need for automobiles add to the high demand for e-coating.
Cathodic type coatings offer high chemical and corrosion resistance, and are mostly used in automotive and appliance industries. These type of coatings are generally preferred for the complex ware packages, or parts with cavities or hidden portions that need coating. Their availability in a wide range of color and gloss, make them an ideal choice for exterior one-coat final finishes. All the automakers employ cathodic epoxy e-coating for under the hood applications, and as a prime coat. These coatings are used, when there is a requirement for UV durability and corrosion resistance, on ferrous substrates.
The increasing population in Asia-Pacific, and the need for automobiles (passenger cars, commercial vehicles, heavy-duty equipment, such as agricultural and construction equipment, military, and aerospace), followed by appliances, decorative & hardware, fasteners, HVAC, steel strapping, general finishing, and other bulk products, are anticipated to increase the global consumption of e-coating. Asia-Pacific leads the e-coating market, with a share of 48.9% of the global market, followed by Europe (24.7%), North America (23.9%), and Rest of the World (2.5%)

The Global Electrocoating Market size was xxx million USD with a CAGR xx % from 2015- 2019. It will stretch to xxx million USD in 2020 with a CAGR of xx % from 2020 - 2026.

As the report focuses on global Electrocoating Market, mainly in Europe and Asia Pacific, North America, Middle East and Africa, and South America. This report segmented the Market on the basis of regions, manufacturers, applications, and type.

in addition, this report introduces Market competition situation among the vendors and company profile, besides, Market price analysis and value chain features are covered in this report.

In Market segmentation by manufacturers, the report covers the following companies-
BASF
Axalta Coating Systems
Nippon Paint
PPG
Valspar
Shanghai Kinlita Chemical
KCC
Modine
Shimizu
Tatung Fine Chemicals

In Market segmentation by geographical regions, the report has analyzed the following regions-
North America (USA, Canada and Mexico)
Europe (Germany, France, UK, Russia and Italy)
Asia-Pacific (China, Japan, Korea, India and Southeast Asia)
South America (Brazil, Argentina, Columbia etc.)
Middle East and Africa (Saudi Arabia, UAE, Egypt, Nigeria and South Africa)

In Market segmentation by types covers:
Cathodic
Anodic
In Market segmentation by applications :
Automotive
Heavy Duty Equipment
Decorative & Hardware
Appliances
Other

Apart from the drivers, restraints, and opportunities, the report also offers competitive landscape, including various growth strategies adopted by profiled players for establishing significant position in the industry. The segmentation included in the comprehensive report will help respectable manufacturers to set up their processing units in the regions and increase their global presence. This would also benefit the industry and increase the company\'s product portfolio.

The research provides answers to the following key questions:
• What is the estimated growth rate and Market share and size of the Electrocoating Market for the forecast period 2020 - 2026?
• What are the driving forces in the Electrocoating Market for the forecast period 2020 - 2026?
• Who are the prominent Market players and how have they gained a competitive edge over other competitors?
• What are the Market trends influencing the progress of the Electrocoating industry worldwide?
• What are the major challenges and threats restricting the progress of the industry?
• What opportunities does the Market hold for the prominent Market players?
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