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An increase in demand for electric vehicles are expected to drive innovation in electrocoating manufacturing, thus driving the market during the forecast period.

The global electrocoating market is expected to grow from $3.97 billion in 2022 to $4.35 billion in 2023 at a compound annual growth rate (CAGR) of 9.6%. The electrocoating market size is expected to grow to $6.02 billion in 2027 at a CAGR of 8.5%.

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Global Electrocoating Market Segments Include:

• By Type: Cathodic, Anodic
• By Equipment: Curing System, Coating And Dispensing Systems, Handling Systems, Inspection System, Other Equipments
• By Application: Passenger Cars, Commercial Vehicles, Automotive Parts And Accessories, Heavy-Duty Equipment, Appliances, Other Applications
• By Geography: The market is segmented into North America, South America, Asia-Pacific, Eastern Europe, Western Europe, Middle East and Africa. Among these regions, Asia Pacific is the largest region in the global electrocoating market in 2021.

Major Market Players in the electrocoating market include Henkel AG & Co. KGaA, Axalta Coating Systems Ltd., B L Downey Co. Llc, BASF SE, Burkard Industries Inc., LCI Industries, Electro-Coatings of Iowa Inc.

Product innovations are the key trends gaining popularity in the electrocoating market. Major companies operating in the electrocoating sector are focused on introducing new products to sustain their position. For instance, in December 2020, Axalta Coating Systems Ltd., a US-based manufacturer of paints and industrial coating systems, launched AquaECTM 3500 EP, an environmentally-responsible electrocoat primer based on tin-free electrocoat Axalta technology. AquaECTM 3500 EP contains superior edge corrosion protection and meets all environmental constraints. It is a cost-effective solution that also offers energy savings.

The Electrocoating Global Market Report 2023  provides a electrocoating market overview for the time series: historic years (2010 – 2021) and ten years forecast (2023 – 2032). The electrocoating market forecast analyzes electrocoating market size, electrocoating market share, leading competitor market positions. The regions covered in the report include Asia-Pacific, China, Western Europe, Eastern Europe, North America, USA, South America, Middle East and Africa and the countries include Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.

Electrocoating refers to the immersion wet paint finishing process that uses electric current to coat a metal with another metal through the process of hydrolysis, which helps the electrical current deposit paint on a surface. It also helps to give thickness to objects. The electrocoating market is used in industries to coat a wide range of metal components.

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