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Electrocoating Market

Electrocoating Market Size and Segment by Type (Cathodic Epoxy, Cathodic Acrylic, Anodic), By Application (Passenger Cars, Commercial Vehicles, Automotive Parts & Accessories, Heavy-Duty Equipment, Appliances, Others), and by Regions | Global Market Forecast 2022-2028

Report Id: SNS/C&M/1697 | June 2022 | Region: Global | 125 Pages

Report Scope & Overview:

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.  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.

Electrocoating Market Revenue Graph

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.

Market Dynamics:

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:

Impact of 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.

Key Players:

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.

Market Segmentation:

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

Electrocoating Market Segment Pie Chart

Regional Analysis:

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 2022 to 2029, 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

 

Electrocoating Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 4.07 Billion
Market Size by 2028 US$ 5.54 Billion
CAGR CAGR of 4.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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


Frequently Asked Questions (FAQ) :

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

 

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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Step 1: Secondary Research:

Secondary Research or Desk Research is as the name suggests is a research process wherein, we collect data through the readily available information. In this process we use various paid and unpaid databases which our team has access to and gather data through the same. This includes examining of listed companies’ annual reports, Journals, SEC filling etc. Apart from this our team has access to various associations across the globe across different industries. Lastly, we have exchange relationships with various university as well as individual libraries.

Secondary Research

Step 2: Primary Research

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