Global Electrocoating Market Size, Status and Forecast 2021-2027

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.

Market Analysis and Insights: Global Electrocoating Market
The global Electrocoating market size is projected to reach US$ 5644.5 million by 2027, from US$ 3803.9 million in 2020, at a CAGR of 5.8% during 2021-2027.
With industry-standard accuracy in analysis and high data integrity, the report makes a brilliant attempt to unveil key opportunities available in the global Electrocoating market to help players in achieving a strong market position. Buyers of the report can access verified and reliable market forecasts, including those for the overall size of the global Electrocoating market in terms of revenue.
On the whole, the report proves to be an effective tool that players can use to gain a competitive edge over their competitors and ensure lasting success in the global Electrocoating market. All of the findings, data, and information provided in the report are validated and revalidated with the help of trustworthy sources. The analysts who have authored the report took a unique and industry-best research and analysis approach for an in-depth study of the global Electrocoating market.

Global Electrocoating Scope and Market Size
Electrocoating market is segmented by company, region (country), by Type, and by Application. Players, stakeholders, and other participants in the global Electrocoating market will be able to gain the upper hand as they use the report as a powerful resource. The segmental analysis focuses on revenue and forecast by Type and by Application in terms of revenue and forecast for the period 2016-2027.

Segment by Type
Cathodic
Anodic

Segment by Application
Automotive
Heavy Duty Equipment
Decorative & Hardware
Appliances
Other

By Region
North America
U.S.
Canada
Europe
Germany
France
U.K.
Italy
Russia
Nordic
Rest of Europe
Asia-Pacific
China
Japan
South Korea
Southeast Asia
India
Australia
Rest of Asia
Latin America
Mexico
Brazil
Rest of Latin America
Middle East & Africa
Turkey
Saudi Arabia
UAE
Rest of MEA

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

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