Electrocoating Market to Witness Huge Growth by Key Players: PPG Industries Inc, Axalta Coating Systems Ltd, BASF SE, The Sherwin Willaims Company, Parker Trutec Inc, KCC Corporation

Global Electrocoating Market 2022-2026, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects in the coming years. The report includes a discussion of the key vendors operating in this market. An exclusive data offered in this report is collected by research and industry experts team.

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The global electrocoating market size is projected to grow from USD 3.9 billion in 2021 to USD 5.0 billion by 2026, at a CAGR of 4.7% during the forecast period. Electrocoating Market by Type (Cathodic Epoxy, Cathodic Acrylic, Anodic), Application (Passenger Cars, Commercial Vehicles, Automotive Parts & Accessories, Heavy-Duty Equipment, Appliances) and Region - Global Forecast to 2026.

The report provides a comprehensive analysis of company profiles listed below:
• PPG Industries Inc. (US)
• Axalta Coating Systems Ltd. (US)
• BASF SE (Germany)
• The Sherwin Willaims Company (US)
• Nippon Paint Holdings Co. Ltd. (Japan)
• Tatung Fine Chemicals Co. Ltd (Taiwan)
• KCC Corporation (South Korea)
• Kansai Paint Co. Ltd (Japan)
• B.L.Downey Company LLC (US)
• Hawking Electrotechnology Ltd (England)
• Therma-Tronx-X Inc. (US)
• Parker Trutec Inc (US).

"Cathodic acrylictypeis the fastest-growing segment in the electrocoating market in terms of both value and volume."
Cathodic acrylic electrocoating is available in a wide range of glosses and colors to maximize exterior durability, gloss retention, color retention, and corrosion protection. These products are used in the agricultural equipment, lawn & garden equipment, appliances, air-conditioners, and other such applications.

"Automotive parts & accessories application to be the fastest-growing segment in the electrocoating in terms of both value and volume."
Automotive parts & accessories is expected to be the fastest-growing application segment owing to the increased production of automobiles in emerging economies such as India and China. Automotive original equipment manufacturers produce different types of automotive components which require electrocoating. Electrocoating, due to its anti-corrosive and humidity resistance properties, acts as a cover for automotive parts like engine covers, bolts & frames, springs & splines, drive shafts, etc.

"Asia Pacific is the leading electrocoating market in terms of both value and volume."
Asia Pacific accounted for the major share in the electrocoating market. The growth of the electrocoating market in the region is mainly attributed to the high economic growth rate followed by heavy investment across various industries such as automotive, consumer goods & appliances, building & construction, and furniture. Various companies such as PPG Industries, Inc and BASF SE are setting up new plants or expanding their existing electrocoating and resin production units in the Asia Pacific region.

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Competitive Landscape of Electrocoating Market:
1 Introduction
2 Market Share Analysis
3 Market Ranking
4 Market Evaluation Framework
5 Revenue Analysis Of Top Market Players
6 Company Evaluation Matrix
6.1 Stars
6.2 Pervasive
6.3 Participants
6.4 Emerging Leaders
6.5 Strength Of Product Portfolio
6.6 Business Strategy Excellence
7 Small And Medium-Sized Enterprises (Sme) Evaluation Matrix
8 Start-Up/Small And Medium-Sized Enterprises (Sme) Evaluation Matrix
8.1 Progressive Companies
8.2 Responsive Companies
8.3 Dynamic Companies
8.4 Starting Blocks

Reason to Access this report:
• This report segments the global electrocoating market comprehensively. It provides the closest approximations of the revenues for the overall market and the sub-segments across different verticals and regions.

• The report helps stakeholders understand the pulse of the electrocoating market and provides them with information on key market drivers, restraints, challenges, and opportunities.

• This report will help stakeholders to understand competitors better and gain more insights to better their position in their businesses. The competitive landscape section includes the competitor ecosystem, new product development, agreement, contract, expansion, and acquisition.

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