PUBLISHER: The Business Research Company | PRODUCT CODE: 1648763
PUBLISHER: The Business Research Company | PRODUCT CODE: 1648763
Electrocoating is a wet paint finishing method that involves immersing a metal in an electrically charged bath, utilizing electric current to deposit another metal onto the surface through hydrolysis. This process not only facilitates the application of paint but also contributes to adding thickness to objects. The electrocoating market finds widespread use across various industries for coating different metal components.
There are two main types of electrocoating such as cathodic and anodic. Cathodic electrocoating is employed in applications requiring corrosion protection for ferrous substrates and UV durability. It is particularly useful in scenarios where light colors are essential. In this process, the cathode serves as the positive or oxidizing electrode, receiving electrons from the external circuit and undergoing reduction during the electrochemical reaction. A range of equipment types is utilized in the electrocoating process, including curing systems, coating and dispensing systems, handling systems, inspection systems, and others. These systems find application in various sectors such as passenger cars, commercial vehicles, automotive parts and accessories, heavy-duty equipment, appliances, and more.
The electrocoating market research report is one of a series of new reports from The Business Research Company that provides electrocoating market statistics, including electrocoating industry global market size, regional shares, competitors with an electrocoating market share, detailed electrocoating market segments, market trends and opportunities, and any further data you may need to thrive in the electrocoating industry. This electrocoating market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future state of the industry.
The electrocoating market size has grown strongly in recent years. It will grow from $4.3 billion in 2024 to $4.55 billion in 2025 at a compound annual growth rate (CAGR) of 5.7%. The growth in the historic period can be attributed to environmental regulations, automotive industry growth, industrial and commercial construction, consumer electronics, demand for high-quality metal finishing.
The electrocoating market size is expected to see strong growth in the next few years. It will grow to $6.05 billion in 2029 at a compound annual growth rate (CAGR) of 7.4%. The growth in the forecast period can be attributed to growth of The aerospace and defense sectors, increasing infrastructure development, sustainable coatings, global industrialization,The need for electrocoating systems. Major trends in the forecast period include technological advancements, ongoing advancements in electrocoating technology, water-based coatings, uv-curable electrocoatings, industry 4.0 integration.
The electrocoating market is expected to experience growth due to an increasing demand for electric vehicles (EVs). Electric vehicles, which rely either entirely or partially on electricity, utilize electrocoating as a primer coating for various parts and accessories. This coating is crucial for ensuring the long-lasting durability of metal components in electric vehicles. According to the International Energy Agency, the electric vehicle market share is expected to increase to 14% by 2022, with roughly ten million electric cars sold worldwide. This surge in demand for electric vehicles is a significant driver for the growth of the electrocoating market.
The electrocoating market is anticipated to benefit from the rising demand in the automotive industry. Electrocoating, also known as electrophoretic deposition (EPD) or e-coating, plays a crucial role in the automotive sector, providing an effective and versatile method for coating various vehicle components. It offers benefits such as corrosion protection, aesthetic finishing, and increased durability. In May 2023, Australia's automotive sector witnessed a 1.3% increase in vehicle production compared to the same period in 2022, emphasizing the growing demand in the automotive industry. The application of electrocoating in this sector contributes to the market's overall growth.
Product innovations are emerging as a key trend in the electrocoating market, with major companies focusing on introducing new and advanced products to maintain their competitive positions. For example, PPG Industries Inc., a US-based manufacturing company specializing in paints, coatings, and specialty materials, launched PPG ENVIRO-PRIME EPIC 200R coatings in June 2023. This collection of electrocoat materials cures at lower temperatures than competitors, providing sustainability features such as reduced energy consumption and CO2 emissions at production sites. The innovation addresses challenges associated with conventional e-coats, ensuring well-cured coatings at lower baking temperatures without compromising production throughput or coating performance.
Major companies in the electrocoating market are strategically forming partnerships to better serve their existing consumers. One notable example is the collaboration between PPG Industries Inc. and Satys Group in France for an aircraft e-coat system. This collaboration involves the installation of a PPG AEROCRON e-coat priming system at Satys' factory, providing electrocoating (e-coat) services for original equipment manufacturer (OEM) aircraft components. In June 2023, PPG Industries Inc. announced this partnership with Satys Group to bring new e-coat technology to key aircraft OEMs. The PPG Aerocron technology ensures a more consistent finish on aircraft components while using less paint compared to standard spray-applied processes, benefiting French clients. Satys Group, a France-based industrial company, will set up the PPG AEROCRON e-coat priming system at its factory in Dugny, France, as part of this collaboration.
In another instance, Novaria Group, a US-based aerospace and defense company, acquired Hohman Plating in April 2022 for an undisclosed amount. This strategic acquisition aimed to strengthen Novaria Group's position in aerospace and defense components, particularly in proprietary coating solutions. Hohman Plating, a US-based metal finishing and coating company, became part of Novaria Group through this transaction.
Major companies operating in the electrocoating market include AkzoNobel, PPG Industries, BASF, Sherwin-Williams, DuPont, Henkel, Axalta Coating Systems, Valspar, Jotun, Eastman Chemical Company, RPM International, 3M, Royal DSM, KCC Corporation, CVC Specialty Chemicals, Intech PPG, Techno Coatings, Cortec Corporation, Clariant, Kansai Paint, Nippon Paint, Carboline, Tnemec Company, Zircotec, Mankiewicz, Klockner Pentaplast, American Industrial Coatings, Superior Industrial Coatings, Noroo Paint, EonCoat, Sika
Asia-Pacific was the largest region in the electrocoating market in 2024. The regions covered in the electrocoating market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The countries covered in the electrocoating market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
The electrocoating market consists of sales of continuous motion, conveyorized tanks, batch installations, and bulk coating systems. Values in this market are 'factory gate' values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods.
The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD unless otherwise specified).
The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products.
Electrocoating Global Market Report 2025 from The Business Research Company provides strategists, marketers and senior management with the critical information they need to assess the market.
This report focuses on electrocoating market which is experiencing strong growth. The report gives a guide to the trends which will be shaping the market over the next ten years and beyond.
Where is the largest and fastest growing market for electrocoating ? How does the market relate to the overall economy, demography and other similar markets? What forces will shape the market going forward? The electrocoating market global report from the Business Research Company answers all these questions and many more.
The report covers market characteristics, size and growth, segmentation, regional and country breakdowns, competitive landscape, market shares, trends and strategies for this market. It traces the market's historic and forecast market growth by geography.
The forecasts are made after considering the major factors currently impacting the market. These include the Russia-Ukraine war, rising inflation, higher interest rates, and the legacy of the COVID-19 pandemic.