Electrocoat Market size 2019, Emerging Trends, New Technology, Growth Rate by Region Analysis and Forecasts to 2025
Electrocoat Market: What Will Be The Future Growth Opportunities?
Sellbyville, United States – July 29, 2019 /MarketersMedia/ —
Global Market Insights Inc. announces an ongoing comprehensive report on the “Electrocoat Market Size, Industry Analysis Report, Regional Outlook (U.S., Canada, UK, Germany, France, Italy, Spain, Russia, China, India, Japan, Australia, Malaysia, South Korea, Brazil, Mexico, Saudi Arabia, UAE, Kuwait, South Africa), Growth Potential, Competitive Market Share & Forecast, 2019 – 2025”. This report provides an exhaustive account of the industry including:
• Electrocoat market size, historical from 2014 to 2018 and annual forecast from 2019 to 2025
• Major electrocoat industry trends, technology evolution, economic indicators and business challenges
• Regulatory and geopolitical trends impacting the industry
• Business drivers and pitfalls impacting key regional markets
• Competitive landscape of the industry and detailed profiles on the major companies
Get Table of Contents (ToC) of this research report @ https://www.gminsights.com/request-toc/upcoming/3950
Electrocoat market will be driven by increasing applications in automotive industry in future. Electrocoat is used on seat tracks, wheels, truck chassis, space frames, cross members and many other components. One of the main reasons it is used in automotive industry is due to its ability to provide corrosion resistance. Additionally, it is cost effective and provides superior finishing to automobile parts & components. The worldwide demand of automobiles is rising due to increasing population, rising spending tendency of people and changing consumer preferences.
The process represents a key segment within electrocoat industry since it also offers considerable resistance against bimetallic corrosion, which poses significant risks across heavy equipment and construction sectors. Consistent expansion of distinct end-user segments like heavy equipment, residential and automotive will outline electrocoat market outlook.
The electrocoat market will witness promising trends in future owing to largescale applications in heavy duty equipments in agricultural & construction industry. Growing global population will generate more demand for food grains thereby farmers will be compelled to produce more yield with efficient use of agricultural equipments. Additionally, recent technological progressions and government incentives will generate favorable growth trends for agricultural equipments sector. Such trends will bolster the product demand in future.
The market is divided on the basis of type, technology and end-user industry. Based on type, the market is segmented into anodic and cathodic. Based on technology, the market is categorized into cathodic epoxy, cathodic acrylic, anodic epoxy and anodic acrylic. Based on end-user, the market is classified into automotive, household appliances, heavy duty equipment, military & defense and others.
Increase in consumer spending and a surge in infrastructure activities will augment the demand for heavy duty equipment in Europe, expanding the regional market size. Earlier in the year the German government had confirmed that it has committed nearly USD 170 billion towards infrastructure, housing, digital technology as well as education.
Browse complete summary of this research report @ https://www.gminsights.com/industry-analysis/electrocoat-market
North America will capture significant market share in electrocoat market by 2025 owing to thriving automotive industry. Despite slight decline in global automotive production for the year 2018, U.S. showed growth of 1.1% over the production of 2017 according to Organisation Internationale des Constructeurs d’Automobiles (OICA).
Some of the companies mentioned in the report include Axalta Coating Systems Ltd., Barron Metal Finishing, Clearclad Coatings LLC, Coatec India, Hartford Finishing, Inc. and PPG Industries, Inc., which offer efficient and reliable electrocoating products.
Global Market, By Type, 2014-2025 (USD xx)
• Cathodic
• Anodic
Global Market, By Technology, 2014-2025 (USD xx)
• Cathodic epoxy
• Cathodic acrylic
• Anodic epoxy
• Anodic acrylic
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About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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