Global Electrocoating Market / Sector Size, Status and Forecast 2019-2025 (Includes Business Impact of COVID-19)

                                          
Abstract, Snapshot, Market Analysis & Market Definition: Global Electrocoating Market


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%)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% during 2019-2025. This report focuses on the global Electrocoating status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Electrocoating development in United States, Europe and China.

Market Segmentation, Outlook & Viewpoint: Global Electrocoating Market

Segmentation by Product Type: Breakdown of data from year 2014 to 2019 and forecast until 2025:

Cathodic
Anodic

Segmentation by Application : Breakdown of data from year 2014 to 2019 and forecast until 2025:

Automotive
Heavy Duty Equipment
Decorative & Hardware
Appliances
Other

Top Companies & Key Players: Global Electrocoating Market


BASF
Axalta Coating Systems
Nippon Paint
PPG
Valspar
Shanghai Kinlita Chemical
KCC
Modine
Shimizu
Tatung Fine Chemicals

Key Insights Covered: Global Electrocoating Market
1.  North America, Europe, Asia Pacific, Middle East & Africa, Latin America market size (sales, revenue and growth rate) of Electrocoating industry.
2. Global major manufacturers' operating situation (sales, revenue, growth rate and gross margin) of Electrocoating industry.
3. Global major countries (United States, Canada, Germany, France, UK, Italy, Russia, Spain, China, Japan, Korea, India, Australia, New Zealand, Southeast Asia, Middle East, Africa, Mexico, Brazil, C. America, Chile, Peru, Colombia) market size (sales, revenue and growth rate) of Electrocoating industry.
4. SWOT analysis, New Project Investment Feasibility Analysis, Upstream raw materials and manufacturing equipment & Industry chain analysis of Electrocoating industry.
5. Global market size (sales, revenue) forecast by regions and countries from 2019 to 2024 of Electrocoating industry.

Research Methodology: Global Electrocoating Market

Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analyzed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please Request a Sample Report.
Demand Side Primary Contributors: OEMs, Industrial Professionals, Researches, Suppliers and Distributors, Group Purchasing Organizations, Associations, Insurers, Universities, Technological Writers, Scientists, Promoters, Investors among others.
Supply Side Primary Contributors: Product Managers, Marketing Managers, C-Level Executives, Distributors, Market Intelligence, Regulatory Affairs Managers among others.