Market Overview:
The global cathodic electrocoating market is expected to grow at a CAGR of 5.5% during the forecast period from 2018 to 2030. The growth in this market can be attributed to the increasing demand for corrosion protection across various industries, such as automotive, heavy duty equipment, decorative & hardware, appliances, and other applications. Cathodic electrocoating is a type of coating that offers superior corrosion protection by forming an impermeable barrier on the surface of metal parts. It also helps in improving paint adhesion and hiding minor surface defects on the substrate material. Some of the key players operating in this market are PPG Industries (US), Axalta Coating Systems (US), BASF SE (Germany), Akzo Nobel N.V.(Netherlands), Kansai Paint Co., Ltd.(Japan), and Sherwin-Williams Company (US).
Product Definition:
Cathodic electrocoating is a process of applying paint or other coatings to metal objects by means of an electric current. This technique deposits a uniform coating on the object and minimizes flaws.
Epoxy electrocoat:
Epoxy electrocoat is a cathodic electrocoating process which utilizes an epoxy resin as the coating material. The major advantage of this process over others includes low operating costs, and high corrosion resistance. It also offers superior adhesion properties to substrates such as aluminum, steel, titanium alloys & their respective paints & coatings.
The global epoxy electrocoat market size was valued at USD 1.6 billion in 2015.
Acrylic electrocoat:
Acrylic electrocoat is a cathodic electrocoating process which utilizes an acrylic resin as the anode. The coating is applied to steel and steel alloys in various thicknesses from 0,3 - 3,0 mm. It offers several advantages over zinc or nickel coatings such as uniform thickness, better adhesion and corrosion resistance among others.
Application Insights:
Automotive was the largest application segment in 2017 and is expected to continue its dominance over the forecast period. Automotive parts are subject to extreme corrosion conditions which require a coating that provides protection against electrochemical degradation. Cathodic electrocoating offers high durability, low maintenance and easy cleaning properties which makes it an ideal solution for this application segment.
The heavy-duty equipment sector accounted for USD 536 million in 2016 on account of growing industrialization along with developing countries¢â‚¬â„¢ drive towards infrastructure development. The growth of this sector is largely dependent upon global construction activities, thus providing a positive scope for growth over the forecast period.
In addition to being one of the fastest-growing segments, decorative & hardware applications are also anticipated to exhibit significant gains owing to increasing consumer demand worldwide coupled with rising disposable income levels in emerging economies such as India & China.
Regional Analysis:
Asia Pacific dominated the global market in 2017 and is expected to witness significant growth over the forecast period. The presence of a large number of industries, coupled with rapid industrialization and urbanization, has resulted in an increased demand for consumer electronics across the region. This has led to increased spending on construction activities, which is anticipated to drive product demand across various applications such as decorative & hardware, appliances and automotive.
The growing manufacturing sector in emerging economies such as China and India have resulted in high consumption levels of raw materials used for electroplating including nickel-based cathodes along with other metal complexes.
Growth Factors:
- Increasing demand from automotive and aerospace industries for corrosion protection of metal parts.
- Growing popularity of cathodic electrocoating as a pretreatment method for powder coating and other surface coatings.
- Rising demand for environmentally friendly coatings with low VOC emissions.
- Advances in cathodic electrocoating technology that improve coating quality and performance.
- Growing use of cathodic electrocoating in small-scale businesses and DIY applications
Scope Of The Report
Report Attributes
Report Details
Report Title
Cathodic Electrocoating Market Research Report
By Type
Epoxy electrocoat, Acrylic electrocoat, Other
By Application
Automotive, Heavy Duty Equipment, Decorative & Hardware, Appliances, Other
By Companies
BASF, Axalta Coating Systems, Nippon Paint, PPG, Valspar, Shanghai Kinlita Chemical, KCC, Modine, Shimizu, Tatung Fine Chemicals
Regions Covered
North America, Europe, APAC, Latin America, MEA
Base Year
2021
Historical Year
2019 to 2020 (Data from 2010 can be provided as per availability)
Forecast Year
2030
Number of Pages
235
Number of Tables & Figures
165
Customization Available
Yes, the report can be customized as per your need.
Global Cathodic Electrocoating Market Report Segments:
The global Cathodic Electrocoating market is segmented on the basis of:
Types
Epoxy electrocoat, Acrylic electrocoat, Other
The product segment provides information about the market share of each product and the respective CAGR during the forecast period. It lays out information about the product pricing parameters, trends, and profits that provides in-depth insights of the market. Furthermore, it discusses latest product developments & innovation in the market.
Applications
Automotive, Heavy Duty Equipment, Decorative & Hardware, Appliances, Other
The application segment fragments various applications of the product and provides information on the market share and growth rate of each application segment. It discusses the potential future applications of the products and driving and restraining factors of each application segment.
Some of the companies that are profiled in this report are:
- BASF
- Axalta Coating Systems
- Nippon Paint
- PPG
- Valspar
- Shanghai Kinlita Chemical
- KCC
- Modine
- Shimizu
- Tatung Fine Chemicals
Highlights of The Cathodic Electrocoating Market Report:
- The market structure and projections for the coming years.
- Drivers, restraints, opportunities, and current trends of market.
- Historical data and forecast.
- Estimations for the forecast period 2030.
- Developments and trends in the market.
- By Type:
- Epoxy electrocoat
- Acrylic electrocoat
- Other
- By Application:
- Automotive
- Heavy Duty Equipment
- Decorative & Hardware
- Appliances
- Other
- Market scenario by region, sub-region, and country.
- Market share of the market players, company profiles, product specifications, SWOT analysis, and competitive landscape.
- Analysis regarding upstream raw materials, downstream demand, and current market dynamics.
- Government Policies, Macro & Micro economic factors are also included in the report.
We have studied the Cathodic Electrocoating Market in 360 degrees via. both primary & secondary research methodologies. This helped us in building an understanding of the current market dynamics, supply-demand gap, pricing trends, product preferences, consumer patterns & so on. The findings were further validated through primary research with industry experts & opinion leaders across countries. The data is further compiled & validated through various market estimation & data validation methodologies. Further, we also have our in-house data forecasting model to predict market growth up to 2030.
Regional Analysis
- North America
- Europe
- Asia Pacific
- Middle East & Africa
- Latin America
Note: A country of choice can be added in the report at no extra cost. If more than one country needs to be added, the research quote will vary accordingly.
The geographical analysis part of the report provides information about the product sales in terms of volume and revenue in regions. It lays out potential opportunities for the new entrants, emerging players, and major players in the region. The regional analysis is done after considering the socio-economic factors and government regulations of the countries in the regions.
How you may use our products:
- Correctly Positioning New Products
- Market Entry Strategies
- Business Expansion Strategies
- Consumer Insights
- Understanding Competition Scenario
- Product & Brand Management
- Channel & Customer Management
- Identifying Appropriate Advertising Appeals
8 Reasons to Buy This Report
- Includes a Chapter on the Impact of COVID-19 Pandemic On the Market
- Report Prepared After Conducting Interviews with Industry Experts & Top Designates of the Companies in the Market
- Implemented Robust Methodology to Prepare the Report
- Includes Graphs, Statistics, Flowcharts, and Infographics to Save Time
- Industry Growth Insights Provides 24/5 Assistance Regarding the Doubts in the Report
- Provides Information About the Top-winning Strategies Implemented by Industry Players.
- In-depth Insights On the Market Drivers, Restraints, Opportunities, and Threats
- Customization of the Report Available
Frequently Asked Questions?
Cathodic electrocoating is a process that uses an electric current to create a protective coating on metal surfaces. This coating helps protect the metal from corrosion and other damage.
Some of the major companies in the cathodic electrocoating market are BASF, Axalta Coating Systems, Nippon Paint, PPG, Valspar, Shanghai‚Â Kinlita‚Â Chemical, KCC, Modine, Shimizu, Tatung Fine Chemicals.
The cathodic electrocoating market is expected to grow at a compound annual growth rate of 5.5%.
1. Executive Summary
2. Assumptions and Acronyms Used
3. Research Methodology
4. Cathodic Electrocoating Market Overview
4.1. Introduction
4.1.1. Market Taxonomy
4.1.2. Market Definition
4.2. Macro-Economic Factors
4.2.1. Industry Outlook
4.3. Cathodic Electrocoating Market Dynamics
4.3.1. Market Drivers
4.3.2. Market Restraints
4.3.3. Opportunity
4.3.4. Market Trends
4.4. Cathodic Electrocoating Market - Supply Chain
4.5. Global Cathodic Electrocoating Market Forecast
4.5.1. Cathodic Electrocoating Market Size (US$ Mn) and Y-o-Y Growth
4.5.2. Cathodic Electrocoating Market Size (000 Units) and Y-o-Y Growth
4.5.3. Cathodic Electrocoating Market Absolute $ Opportunity
5. Global Cathodic Electrocoating Market Analysis and Forecast by Type
5.1. Market Trends
5.2. Introduction
5.2.1. Basis Point Share (BPS) Analysis by Type
5.2.2. Y-o-Y Growth Projections by Type
5.3. Cathodic Electrocoating Market Size and Volume Forecast by Type
5.3.1. Epoxy electrocoat
5.3.2. Acrylic electrocoat
5.3.3. Other
5.4. Absolute $ Opportunity Assessment by Type
5.5. Market Attractiveness/Growth Potential Analysis by Type
6. Global Cathodic Electrocoating Market Analysis and Forecast by Application
6.1. Market Trends
6.2. Introduction
6.2.1. Basis Point Share (BPS) Analysis by Application
6.2.2. Y-o-Y Growth Projections by Application
6.3. Cathodic Electrocoating Market Size and Volume Forecast by Application
6.3.1. Automotive
6.3.2. Heavy Duty Equipment
6.3.3. Decorative & Hardware
6.3.4. Appliances
6.3.5. Other
6.4. Absolute $ Opportunity Assessment by Application
6.5. Market Attractiveness/Growth Potential Analysis by Application
7. Global Cathodic Electrocoating Market Analysis and Forecast by Sales Channel
7.1. Market Trends
7.2. Introduction
7.2.1. Basis Point Share (BPS) Analysis by Sales Channel
7.2.2. Y-o-Y Growth Projections by Sales Channel
7.3. Cathodic Electrocoating Market Size and Volume Forecast by Sales Channel
7.3.1. Manufacturer/Distributor/Service Provider
7.3.2. Aftermarket
7.4. Absolute $ Opportunity Assessment by Sales Channel
7.5. Market Attractiveness/Growth Potential Analysis by Sales Channel
8. Global Cathodic Electrocoating Market Analysis and Forecast by Region
8.1. Market Trends
8.2. Introduction
8.2.1. Basis Point Share (BPS) Analysis by Region
8.2.2. Y-o-Y Growth Projections by Region
8.3. Cathodic Electrocoating Market Size and Volume Forecast by Region
8.3.1. North America
8.3.2. Latin America
8.3.3. Europe
8.3.4. Asia Pacific
8.3.5. Middle East and Africa (MEA)
8.4. Absolute $ Opportunity Assessment by Region
8.5. Market Attractiveness/Growth Potential Analysis by Region
8.6. Global Cathodic Electrocoating Demand Share Forecast, 2019-2029
9. North America Cathodic Electrocoating Market Analysis and Forecast
9.1. Introduction
9.1.1. Basis Point Share (BPS) Analysis by Country
9.1.2. Y-o-Y Growth Projections by Country
9.2. North America Cathodic Electrocoating Market Size and Volume Forecast by Country
9.2.1. U.S.
9.2.2. Canada
9.3. Absolute $ Opportunity Assessment by Country
9.4. North America Cathodic Electrocoating Market Size and Volume Forecast by Application
9.4.1. Automotive
9.4.2. Heavy Duty Equipment
9.4.3. Decorative & Hardware
9.4.4. Appliances
9.4.5. Other
9.5. Basis Point Share (BPS) Analysis by Application
9.6. Y-o-Y Growth Projections by Application
9.7. North America Cathodic Electrocoating Market Size and Volume Forecast by Type
9.7.1. Epoxy electrocoat
9.7.2. Acrylic electrocoat
9.7.3. Other
9.8. Basis Point Share (BPS) Analysis by Type
9.9. Y-o-Y Growth Projections by Type
9.10. Market Attractiveness/Growth Potential Analysis
9.10.1. By Country
9.10.2. By Product Type
9.10.3. By Application
9.10.4. By Sales Channel
9.11. North America Cathodic Electrocoating Demand Share Forecast, 2019-2029
10. Latin America Cathodic Electrocoating Market Analysis and Forecast
10.1. Introduction
10.1.1. Basis Point Share (BPS) Analysis by Country
10.1.2. Y-o-Y Growth Projections by Country
10.1.3. Latin America Average Pricing Analysis
10.2. Latin America Cathodic Electrocoating Market Size and Volume Forecast by Country
10.2.1. Brazil
10.2.2. Mexico
10.2.3. Rest of Latin America
10.3. Absolute $ Opportunity Assessment by Country
10.4. Latin America Cathodic Electrocoating Market Size and Volume Forecast by Application
10.4.1. Automotive
10.4.2. Heavy Duty Equipment
10.4.3. Decorative & Hardware
10.4.4. Appliances
10.4.5. Other
10.5. Basis Point Share (BPS) Analysis by Application
10.6. Y-o-Y Growth Projections by Application
10.7. Latin America Cathodic Electrocoating Market Size and Volume Forecast by Type
10.7.1. Epoxy electrocoat
10.7.2. Acrylic electrocoat
10.7.3. Other
10.8. Basis Point Share (BPS) Analysis by Type
10.9. Y-o-Y Growth Projections by Type
10.10. Market Attractiveness/Growth Potential Analysis
10.10.1. By Country
10.10.2. By Product Type
10.10.3. By Application
10.10.4. By Sales Channel
10.11. Latin America Cathodic Electrocoating Demand Share Forecast, 2019-2029
11. Europe Cathodic Electrocoating Market Analysis and Forecast
11.1. Introduction
11.1.1. Basis Point Share (BPS) Analysis by Country
11.1.2. Y-o-Y Growth Projections by Country
11.1.3. Europe Average Pricing Analysis
11.2. Europe Cathodic Electrocoating Market Size and Volume Forecast by Country
11.2.1. Germany
11.2.2. France
11.2.3. Italy
11.2.4. U.K.
11.2.5. Spain
11.2.6. Russia
11.2.7. Rest of Europe
11.3. Absolute $ Opportunity Assessment by Country
11.4. Europe Cathodic Electrocoating Market Size and Volume Forecast by Application
11.4.1. Automotive
11.4.2. Heavy Duty Equipment
11.4.3. Decorative & Hardware
11.4.4. Appliances
11.4.5. Other
11.5. Basis Point Share (BPS) Analysis by Application
11.6. Y-o-Y Growth Projections by Application
11.7. Europe Cathodic Electrocoating Market Size and Volume Forecast by Type
11.7.1. Epoxy electrocoat
11.7.2. Acrylic electrocoat
11.7.3. Other
11.8. Basis Point Share (BPS) Analysis by Type
11.9. Y-o-Y Growth Projections by Type
11.10. Market Attractiveness/Growth Potential Analysis
11.10.1. By Country
11.10.2. By Product Type
11.10.3. By Application
11.10.4. By Sales Channel
11.11. Europe Cathodic Electrocoating Demand Share, 2019-2029
12. Asia Pacific Cathodic Electrocoating Market Analysis and Forecast
12.1. Introduction
12.1.1. Basis Point Share (BPS) Analysis by Country
12.1.2. Y-o-Y Growth Projections by Country
12.1.3. Asia Pacific Average Pricing Analysis
12.2. Asia Pacific Cathodic Electrocoating Market Size and Volume Forecast by Country
12.2.1. China
12.2.2. Japan
12.2.3. South Korea
12.2.4. India
12.2.5. Australia
12.2.6. Rest of Asia Pacific (APAC)
12.3. Absolute $ Opportunity Assessment by Country
12.4. Asia Pacific Cathodic Electrocoating Market Size and Volume Forecast by Application
12.4.1. Automotive
12.4.2. Heavy Duty Equipment
12.4.3. Decorative & Hardware
12.4.4. Appliances
12.4.5. Other
12.5. Basis Point Share (BPS) Analysis by Application
12.6. Y-o-Y Growth Projections by Application
12.7. Asia Pacific Cathodic Electrocoating Market Size and Volume Forecast by Type
12.7.1. Epoxy electrocoat
12.7.2. Acrylic electrocoat
12.7.3. Other
12.8. Basis Point Share (BPS) Analysis by Type
12.9. Y-o-Y Growth Projections by Type
12.10. Market Attractiveness/Growth Potential Analysis
12.10.1. By Country
12.10.2. By Product Type
12.10.3. By Application
12.10.4. By Sales Channel
12.11. Asia Pacific Cathodic Electrocoating Demand Share, 2019-2029
13. Middle East & Africa Cathodic Electrocoating Market Analysis and Forecast
13.1. Introduction
13.1.1. Basis Point Share (BPS) Analysis by Country
13.1.2. Y-o-Y Growth Projections by Country
13.1.3. Asia Pacific Average Pricing Analysis
13.2. Middle East & Africa Cathodic Electrocoating Market Size and Volume Forecast by Country
13.2.1. Saudi Arabia
13.2.2. South Africa
13.2.3. UAE
13.2.4. Rest of Middle East & Africa (MEA)
13.3. Absolute $ Opportunity Assessment by Country
13.4. Middle East & Africa Cathodic Electrocoating Market Size and Volume Forecast by Application
13.4.1. Automotive
13.4.2. Heavy Duty Equipment
13.4.3. Decorative & Hardware
13.4.4. Appliances
13.4.5. Other
13.5. Basis Point Share (BPS) Analysis by Application
13.6. Y-o-Y Growth Projections by Application
13.7. Middle East & Africa Cathodic Electrocoating Market Size and Volume Forecast by Type
13.7.1. Epoxy electrocoat
13.7.2. Acrylic electrocoat
13.7.3. Other
13.8. Basis Point Share (BPS) Analysis by Type
13.9. Y-o-Y Growth Projections by Type
13.10. Market Attractiveness/Growth Potential Analysis
13.10.1. By Country
13.10.2. By Product Type
13.10.3. By Application
13.10.4. By Sales Channel
13.11. Middle East & Africa Cathodic Electrocoating Demand Share, 2019-2029
14. Competition Landscape
14.1. Global Cathodic Electrocoating Market: Market Share Analysis
14.2. Cathodic Electrocoating Distributors and Customers
14.3. Cathodic Electrocoating Market: Competitive Dashboard
14.4. Company Profiles (Details Overview, Financials, Developments, Strategy)
14.4.1. BASF
14.4.1.1. Overview
14.4.1.2. Financials
14.4.1.3. Developments
14.4.1.4. Strategic Outlook
14.4.2. Axalta Coating Systems
14.4.2.1. Overview
14.4.2.2. Financials
14.4.2.3. Developments
14.4.2.4. Strategic Outlook
14.4.3. Nippon Paint
14.4.3.1. Overview
14.4.3.2. Financials
14.4.3.3. Developments
14.4.3.4. Strategic Outlook
14.4.4. PPG
14.4.4.1. Overview
14.4.4.2. Financials
14.4.4.3. Developments
14.4.4.4. Strategic Outlook
14.4.5. Valspar
14.4.5.1. Overview
14.4.5.2. Financials
14.4.5.3. Developments
14.4.5.4. Strategic Outlook
14.4.6. Shanghai Kinlita Chemical
14.4.6.1. Overview
14.4.6.2. Financials
14.4.6.3. Developments
14.4.6.4. Strategic Outlook
14.4.7. KCC
14.4.7.1. Overview
14.4.7.2. Financials
14.4.7.3. Developments
14.4.7.4. Strategic Outlook
14.4.8. Modine
14.4.8.1. Overview
14.4.8.2. Financials
14.4.8.3. Developments
14.4.8.4. Strategic Outlook
14.4.9. Shimizu
14.4.9.1. Overview
14.4.9.2. Financials
14.4.9.3. Developments
14.4.9.4. Strategic Outlook
14.4.10. Tatung Fine Chemicals
14.4.10.1. Overview
14.4.10.2. Financials
14.4.10.3. Developments
14.4.10.4. Strategic Outlook
14.4.11. COMPANY 11
14.4.11.1. Overview
14.4.11.2. Financials
14.4.11.3. Developments
14.4.11.4. Strategic Outlook
14.4.12. COMPANY 12
14.4.12.1. Overview
14.4.12.2. Financials
14.4.12.3. Developments
14.4.12.4. Strategic Outlook
14.4.13. COMPANY 13
14.4.13.1. Overview
14.4.13.2. Financials
14.4.13.3. Developments
14.4.13.4. Strategic Outlook
14.4.14. COMPANY 14
14.4.14.1. Overview
14.4.14.2. Financials
14.4.14.3. Developments
14.4.14.4. Strategic Outlook
14.4.15. COMPANY 15
14.4.15.1. Overview
14.4.15.2. Financials
14.4.15.3. Developments
14.4.15.4. Strategic Outlook
14.4.16. COMPANY 16
14.4.16.1. Overview
14.4.16.2. Financials
14.4.16.3. Developments
14.4.16.4. Strategic Outlook
14.4.17. COMPANY 17
14.4.17.1. Overview
14.4.17.2. Financials
14.4.17.3. Developments
14.4.17.4. Strategic Outlook
14.4.18. COMPANY 18
14.4.18.1. Overview
14.4.18.2. Financials
14.4.18.3. Developments
14.4.18.4. Strategic Outlook
14.4.19. COMPANY 19
14.4.19.1. Overview
14.4.19.2. Financials
14.4.19.3. Developments
14.4.19.4. Strategic Outlook
14.4.20. COMPANY 20
14.4.20.1. Overview
14.4.20.2. Financials
14.4.20.3. Developments
14.4.20.4. Strategic Outlook