Electrocoating Market Recent trends and developments, key business strategies and forecast year 2019-2025

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.

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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%)

In 2018, the global Electrocoating market size was 3181.2 million US$ and it is expected to reach 4711.2 million US$ by the end of 2025, with a CAGR of 5.8% between 2019 and 2025.

This report studies the Electrocoating market size by players, regions, product types and end industries, history data 2014-2018 and forecast data 2019-2025; This report also studies the global market competition landscape, market drivers and trends, opportunities and challenges, risks and entry barriers, sales channels, distributors and Porter's Five Forces Analysis.

This report focuses on the global top players, covered

BASF

Axalta Coating Systems

Nippon Paint

PPG

Valspar

Shanghai Kinlita Chemical

KCC

Modine

Shimizu

Tatung Fine Chemicals

Market segment by Regions/Countries, this report covers

North America

Europe

China

Rest of Asia Pacific

Central & South America

Middle East & Africa

Market segment by Type, the product can be split into

Cathodic

Anodic

Market segment by Application, the market can be split into

Automotive

Heavy Duty Equipment

Decorative & Hardware

Appliances

Other

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