Product Code: RP-ID-10064243 |
Published Date: 21 Oct 2022 |
Region: NA |
Category: Chemicals |
Report ID: 10064243
Market Overview:
Global Electrocoating Market
Description
Electrocoating is an electrochemical method to apply a durable coating solution for several commercial purposes. Electrocoats have been considered to be used extensively in building and construction projects, heavy duty equipment, automotive, steel castings, engines, defense equipment, electronics, computer parts, etc.
Technology
Electrocoating material is manufactured using an immersion coating process in which negative and positive charges applied to different components using a water suspension. The surface to be coated is charged negatively, while the paint particles are positively charged and are suspended in the water suspension in which the surface to be coated is submerged. Electric current is then passed through the water suspension. This electric current compels the paint particles to coat the negatively charged surface electrically.
Market Dynamics
The Electrocoating market had seen an upward lift with an increase in the demand for automotive in the global market due to its use as a finisher for several automotive parts. Increase in the end user market for decorative products, hardware tools, eyeglass frames, jewelry, etc. had improved the market demand for electrocoats. The growing future prospects for the market for heavy duty equipment and bulk finishing, metal furnishing, electronic equipment, etc. is positively reinforcing the growth for the market of electrocoating.
Market Segmentation
The global market for electrocoating products can be segment as Cathodic or Anodic, based on the type of the electrocoating procedure applied. On the other hand, based on the application of the final product, the market can be either for automobiles, heavy duty equipment or appliances.
Geographic Analysis
Driven by the appliance industry and automotive, the market for electrocoats is more developed in the developing countries like India, Brazil and China. The markets in the middle east regions and in Africa are catching up with these countries as well. Apparently, the market is most developed in the Asia Pacific region while the North American and European markets have a low growth prospects for electrocoats.
Opportunities
The global market for electrocoating is driven by the increasing growth in the demand for automotive and appliances, and thus had been growing at the CAGR X.XX% currently. The products give a better performance and a stronger outcome while complying with the environmental regulations. The overall growth opportunities for the market seem bright with a constraint of high cost of capital for new entrants.
Key Players
BASF SE, KCC Corporation, Nippon Paint Holdings Co Ltd, Axalta Coating Systems, Hawking Electrotechnology, PPG Industries, Metokote Corporation Inc, Valspar Corporation, etc. are the few main global players in the market for electrocoating.
Report ContentsRegional AnalysisReport Highlights
Market segments
Market Drivers, Restraints and Opportunities
Market Size & Forecast 2016 to 2022
Supply & Demand Value Chain
Market - Current Trends
Competition & Major Companies
Technology and R&D Status
Porters Five Force Analysis
Strategic and Critical Success Factor Analysis of Key Players
North America
US and Canada
Latin America
Mexico, Brazil, Argentina and Rest of Latin America
Western Europe
EU5 (Germany, France, Italy, Spain, U.K.)
Nordic Countries (Denmark, Finland, Norway, and Sweden)
Benelux (Belgium, The Netherlands, and Luxembourg)
Rest of Western Europe
Eastern Europe
Russia
Poland
Rest of Eastern Europe
Asia Pacific
China
India
Japan
Australia and New Zealand
Rest of Asia Pacific
Middle East and Africa
GCC countries (Saudi Arabia, Oman, Qatar, Bahrain, UAE and Kuwait)
South Africa
North Africa
Rest of Middle East and Africa
This report is an elaborate aggregation of primary inputs from industry experts and participants across the supply chain. It provides details on market segmentation which is derived from several product mapping exercises, macroeconomic parameters and other qualitative and quantitative insights. The impact of all such factors is delivered across multiple market segments and geographies.
Detailed Historical Overview (Market Origins, Product Launch Timeline, etc.)
Consumer and Pricing Analysis
Market dynamics of the industry
Market Segmentation
Estimated Market Sizing in terms of volume and value
Recent trends in Market and impact
Research Status and Technology Overview
Extensive Industry Structure Coverage
Related Reports
Proof of Quality & Reliability
