Lucintel Forecasts the Global Electrocoating Market to Reach $5.6 billion by 2030
Lucintel Forecasts the Global Electrocoating Market to Reach $5.6 billion by 2030
Blog Article
According to a market report by Lucintel, the future of the global electrocoating market looks promising with opportunities in the passenger car, commercial vehicle, automotive part & accessories, heavy-duty equipment, and appliance markets. The global electrocoating market is expected to reach an estimated $5.6 billion by 2030 from $4.3 billion in 2024,at a CAGR of 4.5% from 2024 to 2030. The major drivers for this market are strict rules and regulations and policies by the government, growing demand of environment-friendly products, as well as, technological advancements and rising agricultural equipment industry.
A more than 150-page report to understand trends, opportunity and forecast in electrocoating market to 2030 by type (cathodic epoxy, cathodic acrylic, and anodic), application (passenger cars, commercial vehicles, automotive parts & accessories, heavy-duty equipment, appliances, and others), and region (North America, Europe, Asia Pacific, and the Rest of the World).
Lucintel forecasts that, within the type category, cathodic epoxy will remain the largest segment over the forecast period because of its outstanding adhesion and corrosion protection qualities, as well as, its compatibility with a variety of liquid and powder topcoat materials.
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In terms of region, APAC will remain the largest region over the forecast period due to increasing output of passenger automobiles and commercial vehicles in the automotive industry, rising farmers using advanced agricultural equipment, and expanding industries in this region.
PPG Industries, BASF, The Sherwin Willaims Company, Nippon Paint, Tatung Fine Chemicals, Axalta Coating Systems, KCC Corporation, Kansai Paint, Hawking Electrotechnologyare the major suppliers in the electrocoating market.
This unique research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or write us at helpdesk@lucintel.comTo get access of more than 1000 reports at fraction of cost visit Lucintel'sAnalytics Dashboard.
About Lucintel
At Lucintel, we offer solutions for you growth through game changer ideas and robust market &unmet needs analysis. We are based in Dallas, TX and have been a trusted advisor for 1,000+ clients for over 20 years. We are quoted in several publications like the Wall Street Journal, ZACKS, and the Financial Times.
Contact:
Roy Almaguer
Lucintel
Dallas, Texas, USA
Email: roy.almaguer@lucintel.com
Tel. +1-972-636-5056
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