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Global Electrocoating Market to Grow at a CAGR of 5.29% by 2021 - Growing Demand for Electrocoating in Automotive Industry - Research and Markets

DUBLIN, Apr. 06, 2017 /PRNewswire/ --

Research and Markets has announced the addition of the "Global Electrocoating Market 2017-2021" report to their offering.

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The global electrocoating market to grow at a CAGR of 5.29% during the period 2017-2021.

The report, Global Electrocoating Market 2017-2021, has been prepared based on an in-depth market analysis with inputs from industry experts. The report covers the market landscape and its growth prospects over the coming years. The report also includes a discussion of the key vendors operating in this market.

One trend in the market is superior performance over other coating techniques. The consumer's preference is increasing toward electrocoating due to its performance and durability. Electrocoating exhibits superior performance over the other coatings techniques such as powder coating and liquid coatings. Electrocoating produces excellent color and glossy finish with an even and smooth coating film. Electrocoating protects the components from the harsh exterior weatherability and provides them high chemical resistance. This, in turn, increases the operational life of the automobile and other appliances. Electrocoating technique is an eco-friendly process and emits very less amount of VOCs in comparison with the traditional liquid coatings.

According to the report, one driver in the market is growing demand for electrocoating in automotive industry. The automotive industry is the largest end-user industry for the global electrocoating market. The global automotive industry is growing with significant speed. The industry is expected to grow significantly during the forecast period 2017-2021. In 2016, the global car sales reached to the 76.54 million units, due to increased production in China, India, and Mexico. Shifting customer preferences have led to the growth of the automotive industry with a significant focus on environment and safety concerns.

Key vendors

  • Axalta Coating Systems
  • BASF
  • KCC
  • PPG Industries
  • Valspar

Key Topics Covered:

PART 01: Executive summary

PART 02: Scope of the report

PART 03: Research Methodology

PART 04: Introduction

PART 05: Market landscape

PART 06: Market segmentation by type

PART 07: Market segmentation by application

PART 08: Geographical segmentation

PART 09: Market drivers

PART 10: Impact of drivers

PART 11: Market challenges

PART 12: Impact of drivers and challenges

PART 13: Market trends

PART 14: Vendor landscape

PART 15: Key vendor analysis

For more information about this report visit http://www.researchandmarkets.com/research/cpdh52/global

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To view the original version on PR Newswire, visit:http://www.prnewswire.com/news-releases/global-electrocoating-market-to-grow-at-a-cagr-of-529-by-2021---growing-demand-for-electrocoating-in-automotive-industry---research-and-markets-300436112.html