Global Electrocoating Market 2021-2025

Global Electrocoating Market 2021-2025

Technavio has been monitoring the electrocoating market and it is poised to grow by $ 1.44 bn during 2021-2025, progressing at a CAGR of 6.52% during the forecast period. Our report on the electrocoating market provides a holistic analysis, market size and forecast, trends, growth drivers, and challenges, as well as vendor analysis covering around 25 vendors.

The report offers an up-to-date analysis regarding the current global market scenario, latest trends and drivers, and the overall market environment. The market is driven by the growing demand for electrocoating in automotive industry and the high demand for electrocoating applications from APAC. In addition, growing demand for electrocoating in automotive industry is anticipated to boost the growth of the market as well.

The electrocoating market analysis include type and application segments and geographic landscape.

Technavio's electrocoating market is segmented as below:

By Type

• cathodic electrocoating
• anodic electrocoating

By Application

• automobiles
• heavy-duty equipment
• appliances
• others

By Geographical Landscape

• APAC
• Europe
• North America
• MEA
• South America

This study identifies the excellent performance and superior propertiesas one of the prime reasons driving the electrocoating market growth during the next few years.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters. Our report on electrocoating market covers the following areas:

• Electrocoating market sizing
• Electrocoating market forecast
• Electrocoating market industry analysis

Technavio's robust vendor analysis is designed to help clients improve their market position, and in line with this, this report provides a detailed analysis of several leading electrocoating market vendors that include Arkema SA, Axalta Coating Systems Ltd., BASF SE, DuPont de Nemours Inc., KCC Co. Ltd., Nippon Paint Holdings Co. Ltd., PPG Industries Inc., Shimizu Corp., The Sherwin-Williams Co., and Valmont Industries Inc. Also, the electrocoating market analysis report includes information on upcoming trends and challenges that will influence market growth. This is to help companies strategize and leverage all forthcoming growth opportunities.

The study was conducted using an objective combination of primary and secondary information including inputs from key participants in the industry. The report contains a comprehensive market and vendor landscape in addition to an analysis of the key vendors.

Technavio presents a detailed picture of the market by the way of study, synthesis, and summation of data from multiple sources by an analysis of key parameters such as profit, pricing, competition, and promotions. It presents various market facets by identifying the key industry influencers. The data presented is comprehensive, reliable, and a result of extensive research - both primary and secondary. Technavio's market research reports provide a complete competitive landscape and an in-depth vendor selection methodology and analysis using qualitative and quantitative research to forecast the accurate market growth.