Reports and Data estimates the global Electrodeposition coating competitive landscape is highly fragmented with numerous players operating on a global and regional scale. The key companies in the market are engaged in mergers and acquisitions, joint ventures, collaborations, and product launches to gain a robust revenue growth over the forecast period. The report considers 2020-2021 as historic years, 2020 as the base year, and 2022-2028 as the forecast period. The report offers CAGR and market size for the global Electrodeposition coating during the forecast period.
The report also offers key insights about the top companies operating in the market and their market share and global position along with product portfolio and advancements. The top companies in the market include Axalta Coating Systems , PPG Industries, Inc. ,BASF ,Nippon Paint Holdings Co., Ltd. ,The Valspar Corporation, Tatung Fine Chemicals Co .Ltd, KCC Corporation , Luvata OY, Hawking Electrotechnology Ltd , Noroo Paint & Coatings Co., Ltd
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Electrodeposition coating Overview :-
The global Electrodeposition coating market is forecasted to grow at a rate of 4.2% from USD 3.54 billion in 2019 to USD 4.84 billion in 2027. The global electrodeposition coating market is anticipated to show notable growth over the outlook period leading to the increasing requirement from the automotive industry. Electro coat (electrodeposition coating) is a permanent emulsion of de-ionized water & organic resins containing solvents and ionic ingredients. Electro coat method uses electric current to install paint on the element parts.
The expanding market for the electro coating process as automated is a more economical alternative to other coating methods that is anticipated to spur the electro coating market extension over the upcoming period. Rising demand for electro coating in the coatings owing to more exceptional corrosion-resistance, environment friendliness, and superior throw power is demanded to expand the market growth over the projection period. Furthermore, ongoing improvement in technology and new systems, including anodic epoxides, cathodic epoxides, and cathodic acrylics, is foretold to boost the market for electro coating.
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For the purpose of this report Reports and Data has segmented global Electrodeposition coating market on the basis of type, application, and region:
Type Outlook (Revenue, USD Billion; 2017-2027)
- Cathodic Epoxy
- Cathodic Acrylic
- Anodic
Technology Type Outlook (Revenue, USD Billion; 2017-2027)
- Epoxy Coating Technology
- Acrylic Coating Technology
Application Outlook (Revenue, USD Billion; 2017-2027)
- Passenger Cars
- Commercial Vehicles
- Automotive Parts
- Heavy-Duty Equipment
Key Regional Markets Covered in the Report:
- North America (U.S.A., Canada, Mexico)
- Europe (Italy, U.K., Germany, France, Rest of Europe)
- Asia Pacific (India, China, Japan, South Korea, Australia, Rest of Asia Pacific)
- Latin America (Chile, Brazil, Argentina, Peru, Rest of Latin America)
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Key Questions answered by the Report:
- What is the expected year-on-year growth of the Electrodeposition coating during the forecast period?
- What key trends are expected influence revenue growth of the market going ahead?
- Which region is expected to account for largest revenue share over the forecast period?
- Which key companies are profiled in the report?
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