Apr 19, 2022 (Market Insight Reports) -- Chicago, Unites State :The global Electrocoating Market size is projected to grow from USD 3.9 billion in 2021 to USD 5.0 billion by 2026, at a CAGR of 4.7% throughout the forecast period. The demand for high-performance, cost-efficient, and eco-friendly coatings is anticipated to drive the expansion of the market throughout the forecast amount between 2022 to 2027. However, industrial plant shutdowns, interrupted provide chains, and reduced demand from end-use industries has negatively affected the electrocoating market.
The global electrocoating Market size is projected to witness an above-average growth over the next couple of years. Demand for automotive paints is growing due to constant improvements in their properties and functionalities. Today, electrocoating are not only used for electrical current to attract the paint product to a metal surface.
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Company Coverage (Company Profile, Sales Revenue, Price, Gross Margin, Main Products etc.):
Stricter environmental regulations to propel the market growth
The coating industry has been focusing on manufacturing environmentally friendly materials and coatings over the past two decades. This is the result of stricter environmental regulations and policies of governments across the globe regarding VOC emissions reduction from coatings. The US and European governments are especially concerned about air pollution and forming regulations heading towards less or zero harmful emissions. These regulations for reducing air pollution are expected to play a major role in improving the demand for e-coat.
Owing to very less or no HAP or VOC emissions during the electrocoating process, many product manufacturers have moved to e-coats for their applications. This also helps in product recycling and less hazardous waste generation during recycling, thus meeting the Resource Conservation and Recovery Act (RCRA). This will play a major role in improving the application areas of e-coats and further increasing their market in the future.
Product Type Coverage (Market Size & Forecast, Major Company of Product Type etc.):
Application Coverage (Market Size & Forecast, Different Demand Market by Region, Main Consumer Profile etc.):
Building & Household Products
Military & Defence
Highlights of Electrocoating Market Report:
1.The market structure and projections for the coming years.
2.Drivers, restraints, opportunities, and current trends of Racing Tires Market.
3.Historical data and forecast.
4.Estimations for the forecast period 2028.
5.Developments and trends in the market.
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Table Of Content
Chapter 1 Industry Overview
1.3 Research Scope
1.4 Major Country Wise Market Analysis
1.4.1 North America
220.127.116.11 United States