SAN FRANCISCO, October 7, 2021 / PRNewswire / – A new market research published by Global Industry Analysts Inc., (GIA), the leading market research firm, today released its report titled “Electrocoating – Trajectory and analysis of the world market”. The report presents new perspectives on the opportunities and challenges in a dramatically transformed post-COVID-19 market.
FACTS AT A GLANCE
Editing: 9; Posted: April 2021
Executive pool: 2836
Companies: 10 – Players covered include Axalta Coating Systems LLC; BASF SE; Hawking Electrotechnology Limited; KCC Corporation; Luvata Oy; Nippon Paint Holdings Co., Ltd. ; NOROO Paint and Coatings Co., Ltd; PPG Industries, Inc .; Tatung Fine Chemicals Co., Ltd. ; The Valspar Company et al.
Blanket: All major geographies and key segments
Segments: Application (automotive, household appliances, other applications); Type (cathodic epoxy, cathodic acrylic, anodic)
Geographies: World; United States; Canada; Japan; China; Europe (France; Germany; Italy; UK; Spain; Russia; and rest of Europe); Asia Pacific (Australia; India; South Korea; and rest of Asia Pacific); Latin America (Argentina; Brazil; Mexico; and rest of Latin America); Middle East (Iran; Israel; Saudi Arabia; United Arab Emirates; and rest of Middle East); and Africa.
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Global Electroplating Market to Reach $ 4.1 billion by 2026
Amid COVID-19 Crisis, Global Electroplated Coating Market is estimated to be 3.4 billion US dollars in 2020, is expected to reach a revised size of US $ 4.1 billion by 2026, with a CAGR of 2.9% over the analysis period. Cathodic epoxy, one of the segments analyzed in the report, is expected to register a CAGR of 3.4% and reach 2.4 billion US dollars at the end of the analysis period. After a thorough analysis of the business implications of the pandemic and the induced economic crisis, the growth of the cathodic acrylic segment is readjusted to a revised CAGR of 2.1% for the next 7 year period.
The US market is estimated at $ 946.2 million in 2021, when China is expected to reach $ 811.4 million by 2026
The electroplating market in the United States is estimated at US $ 946.2 million in 2021. China, the world’s second-largest economy, is expected to reach a projected market size of US $ 811.4 million by 2026, with a CAGR of 5.4% over the analysis period. Other notable geographic markets include Japan and Canada, each forecasts growth of 0.7% and 2.2% respectively over the analysis period. In Europe, Germany is expected to grow at around 1.4% CAGR.
Anode segment to be reached US $ 359.2 million by 2026
In the global anodizing segment, United States, Canada, Japan, China and Europe will drive the estimated 2.2% CAGR for this segment. These regional markets representing a combined market size of US $ 230.4 million in 2020 will reach a projected size of US $ 269.1 million before the end of the analysis period. China will remain among the most dynamic of this group of regional markets. Following
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SOURCE Global Industry Analysts, Inc.