The Electrocoating Market Size was valued at USD 4.25 billion in 2022, and expected to reach USD 6.04 billion by 2030, and grow at a CAGR of 4.5% over the forecast period 2023-2030. Electrocoating is an immersion coating procedure that coats a conductive item with electrically charged particles deposited from a water suspension. A positive charge is applied to the paint bath during the procedure, while the items to be coated get a negative charge. Paint particles suspended in water allow an electrical current to flow from one paint particle to the next until it reaches the part where the paint particles have electrically bonded themselves to the part's surfaces. The painted components are next baked, where the paint is melted onto the part for fusion bonding, and then heated to produce a hard film to coat the part.
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Due to its ability to coat even the most complex parts and assembled products while meeting specific performance requirements, electrocoating is widely used in the industry to coat products in a variety of categories, including metal office furniture, automotive parts, transformers, appliances, automobiles, transformers and much more. Low flammability Organic compound products are employed in E-coating, which results in products that are free of dangerous air pollutants. It has a number of environmental advantages, including decreased solid waste, lower pollutant levels in waste streams, and reduced fire hazard with water-based components.
Drivers:
Demand for automobiles is increasing
Environmental Benefits
Infrastructure development
Restraints:
Used in electronic appliances
Shortage of the Raw material
High maintenance and construction cost
Opportunity:
Advancement in technology
Increasing demand for the Agriculture Equipment
Challenge:
Barrier in the supply chain due to covid-19
The recent coronavirus outbreak wreaked havoc on the electrocoating (E-coat) sector. Many companies have warned that COVID-19's disruption in component supply from multiple countries will affect their planned manufacturing. Huge disruptions in various production and supply-chain operations have resulted in significant financial losses for the industry as a result of multiple precautionary lockdowns imposed by governments to control the spread of illness. Several manufacturing plants have been impacted by the ongoing COVID-19 epidemic in a number of countries. The pandemic has impacted almost every employee in every firm, resulting in job losses and wage reductions.
COVID-19 is a first-of-its-kind epidemic, requiring the automotive sector to reconsider its strategy. The vehicle segment of the industry may return soon, but the total market will take a long time to recover after the lockdown. The aforementioned determinants will have an impact on the market's revenue trajectory over the forecast period.
By Type:
Cathodic Epoxy
Cathodic Acrylic
Anodic
By Application:
Passenger Cars
Commercial Vehicles
Automotive Parts & Accessories
Heavy-Duty Equipment
Agricultural Equipment
Construction Equipment
Military & Aerospace Equipment
Appliances
Others
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Because of the increasing transportation manufacturing in the United States, North America dominates the electrocoating (E-coat) market. Furthermore, increased orders for e-coat in army and security equipment, as well as construction and household commodities, are expected to expand the market extension in the region in the approaching cycles. Asia-Pacific, on the other hand, is expected to rise rapidly during the projection period of 2023 to 2030, owing to rising demand from the automotive sector in the region's emerging nations.
Individual market affecting factors and changes in market regulation are also discussed in the report's nation section, which have an impact on the market's current and future developments. Downstream and upstream value chain analysis, technological trends and Porter's five forces analysis, and case studies are just a few of the data elements used to anticipate market scenarios for distinct countries. The presence and availability of global brands, as well as the difficulties they encounter owing to strong or scarce competition from local and domestic brands, as well as the impact of domestic tariffs and trading routes, are all taken into account when giving forecast analysis of nation data.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The Netherlands
Rest of Europe
Asia-Pacific
Japan
south Korea
China
India
Australia
Rest of Asia-Pacific
The Middle East & Africa
Israel
UAE
South Africa
Rest of Middle East & Africa
Latin America
Brazil
Argentina
Rest of Latin America
Kcc Corporation, Ppg Industries Inc., Basf Se, Nippon Paint Holdings Co. Ltd., Axalta Coating Systems Ltd, Kansai Paint Co Ltd., B.L Downey Company Llc., The Sherwin Williams Company, Tatung Fine Chemicals Co Ltd, and other players.
| Report Attributes | Details |
|---|---|
| Market Size in 2022 | US$ 4.25 Billion |
| Market Size by 2030 | US$ 6.04 Billion |
| CAGR | CAGR of 4.5% From 2023 to 2030 |
| Base Year | 2022 |
| Forecast Period | 2023-2030 |
| Historical Data | 2020-2021 |
| Report Scope & Coverage | Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook |
| Key Segments | • By Type (Cathodic Epoxy, Cathodic Acrylic, Anodic) • By Application (Passenger Cars, Commercial Vehicles, Automotive Parts & Accessories, Heavy-Duty Equipment, Appliances, Others) |
| Regional Analysis/Coverage | North America (USA, Canada, Mexico), Europe (Germany, UK, France, Italy, Spain, Netherlands, Rest of Europe), Asia-Pacific (Japan, South Korea, China, India, Australia, Rest of Asia-Pacific), The Middle East & Africa (Israel, UAE, South Africa, Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America) |
| Company Profiles | Kcc Corporation, Ppg Industries Inc., Basf Se, Nippon Paint Holdings Co. Ltd., Axalta Coating Systems Ltd, Kansai Paint Co Ltd., B.L Downey Company Llc., The Sherwin Williams Company, Tatung Fine Chemicals Co Ltd, and other players. |
| DRIVERS | • Demand for automobiles is increasing. • Environmental Benefits. • Infrastructure development |
| Restraints | • Used in electronic appliances. • Shortage of the Raw material • High maintenance and construction cost |
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans:Primary or secondary type of research done by this reports.
Ans: Used in electronic appliances, Shortage of the Raw material and High maintenance and construction cost are the restraints for Electrocoating Market.
Ans: Electrocoating is an immersion coating procedure that coats a conductive item with electrically charged particles deposited from a water suspension.
Ans: Electrocoating Market Size was valued at USD 4.07 billion in 2021, and expected to reach USD 5.54 billion by 2028, and grow at a CAGR of 4.5 % over the forecast period 2022-2028.
Table of Contents
1. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Electrocoating Market Segment, By Type
8.1 Cathodic Epoxy
8.2 Cathodic Acrylic
8.3 Anodic
9. Electrocoating Market Segment, By Application
9.1 Passenger Cars
9.2 Commercial Vehicles
9.3 Automotive Parts & Accessories
9.4 Heavy-Duty Equipment
9.4.1 Agricultural Equipment
9.4.2 Construction Equipment
9.4.3 Military & Aerospace Equipment
9.5 Appliances
9.6 Others
10. Regional Analysis
10.1 Introduction
10.2 North America
10.2.1 USA
10.2.2 Canada
10.2.3 Mexico
10.3 Europe
10.3.1 Germany
10.3.2 UK
10.3.3 France
10.3.4 Italy
10.3.5 Spain
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4 Asia-Pacific
10.4.1 Japan
10.4.2 South Korea
10.4.3 China
10.4.4 India
10.4.5 Australia
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.1 Israel
10.5.2 UAE
10.5.3 South Africa
10.5.4 Rest
10.6 Latin America
10.6.1 Brazil
10.6.2 Argentina
10.6.3 Rest of Latin America
13. Company Profile
13.1 Kcc Corporation
13.1.1 Financial
13.1.2 Products/ Services Offered
13.1.3 SWOT Analysis
13.1.4 The SNS view
13.2 Ppg Industries, Inc.
13.3 Basf Se
13.4 Nippon Paint Holdings Co., Ltd.
13.5 Axalta Coating Systems, Ltd
13.6 Kansai Paint Co., Ltd.
13.7 B. L Downey Company Llc.
13.8 The Sherwin Williams Company
13.9 Tatung Fine Chemicals Co., Ltd.
14.Competitive Landscape
14.1 Competitive Benchmark
14.2 Market Share analysis
14.3 Recent Developments
15. Conclusion
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