Electrodeposition coating is the most conventional coating process used in automobile industry. The two types of electrodeposition available include anodic and cathodic. In cathodic electrodeposition coating, the metal part is negatively charged while the paint to be coated is positively charged. The cathodic process helps in reducing the iron that can enter the paint film, which helps in offering high performance and excellent corrosion resistance. Hence, cathodic process is the most preferred electrodeposition process.

Market Dynamics

Growth of the automobile industry is expected to drive demand for paints and coatings from the industry, which is expected to drive demand for cathodic electrodeposition coating method over the forecast period. The increase in transportation and transit of consumer goods, people, and raw materials have boosted growth of the automobile industry. For instance, according to the China Association of Automobile Manufacturers (CAAM), in September 2021, the production and sales of commercial vehicles in China reached to 345,000 and 340,000 units, respectively, which showed an increase of 15.8% and 11.6% than that of last month, and up by 4% and 1.9% year on year.

Furthermore, according to the European Automobile Manufacturers Association (ACEA), in December 2021, commercial vehicle registrations increased by 5.7% across the European Union (EU). Moreover, according to the same source, in EU, demand for commercial vehicles increased by 2.5% in 2019, marking the seventh consecutive year of growth.

Furthermore, key players across the globe in the market are focusing on business expansion to gain strong foothold in the global market. For instance, in December 2021, BASF Coatings GmbH started construction of a new facility to double its production capacity of automotive refinish coatings at its site in Jiangmen, Guangdong Province in South China. The plant is expected to start production in the first half of 2022.

Key features of the study:

• This report provides in-depth analysis of cathodic electrodeposition coating market and provides market size (US$ Million & Tons) and Cumulative Annual Growth Rate (CAGR %) for the forecast period (2023-2030), considering 2022 as the base year
• It elucidates potential revenue opportunity across different segments and explains attractive investment proposition matrix for this market
• This study also provides key insights about market drivers, restraints, opportunities, new product launches or approvals, regional outlook, and competitive strategy adopted by leading players
• It profiles leading players in the global cathodic electrodeposition coating market based on the following parameters – company overview, financial performance, product portfolio, geographical presence, distribution strategies, key developments and strategies, and future plans
• Key companies covered as a part of this study includes Kansai Paint Co., Ltd., Axalta Coating Systems, Kyoei Vietnam Co., ltd, Nippon Paint Holdings Ltd., PPG Industries, Inc., B.L Downey, Dornauer-Grillitsch GmbH, KAPCO Manufacturing Inc., BASF Coatings Gmbh, and DuPont de Nemours, Inc.
• Insights from this report would allow marketers and management authorities of companies to make informed decision regarding future product launches, technology upgradation, market expansion, and marketing tactics
• The global cathodic electrodeposition coating market report caters to various stakeholders in this industry including investors, suppliers, cathodic electrodeposition coating manufacturers, distributors, new entrants, and financial analysts
• Stakeholders would have ease in decision-making through the various strategy matrices used in analyzing the cathodic electrodeposition coating market

Detailed Segmentation:

• Global Cathodic Electrodeposition Coating Market, By Resin Type:
  • Epoxy
  • Acrylic
• Global Cathodic Electrodeposition Coating Market, By Application:
  • Automobile Parts
  • Heavy Equipment
  • Electrical Appliances
  • Metal Furniture
  • Others
• Global Cathodic Electrodeposition Coating Market, By Region:
  • North America
  • Europe
  • Asia-Pacific
  • Latin America
  • Middle East & Africa
• Company Profiles
  • Kansai Paint Co., Ltd.
  • Axalta Coating Systems
  • Kyoei Vietnam Co., ltd
  • Nippon Paint Holdings Ltd.
  • PPG Industries, Inc.
  • B.L Downey
  • Dornauer-Grillitsch GmbH
  • KAPCO Manufacturing Inc.
  • BASF Coatings Gmbh
  • DuPont de Nemours, Inc.