Cathodic Electrodeposition Coating Market

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CATHODIC ELECTRODEPOSITION COATING MARKET
ANALYSIS

• Cathodic Electrodeposition Coating Market Report,
  by Resin Type (Epoxy and Acrylic), by Application
  (Automobile Parts, Heavy Equipment, Electrical
  Appliances, Metal Furniture, and Others), and by
  Region (North America, Latin America, Asia
  Pacific, Europe, and Middle East Africa) -
  Size, Share, Outlook, and Opportunity Analysis,
  2019 - 2027

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• Cathodic electrodeposition coating have many
  environmental benefits that makes it an
  environment friendly solution for metal
  finishers. The volatile organic compounds (VOCs)
  content in cathodic electrodeposition coating
  ranges from 0.1 pounds per gallon to 3.0 pounds
  per gallon, with most of the products containing
  below 1.0 pounds per gallon. Moreover, most of
  the cathodic electrodeposition coating products
  are water-based and are have low VOC. The epoxy
  and acrylic grades of cathodic electrodeposition
  coating are formulated to be hazardous air
  pollutants (HAPS) free. The biochemical oxygen
  demand (BOD/COD) levels in cathodic
  electrodeposition coating is low and the products
  have the capability to be run without any waste
  water to drain via closed loop rinsing.
• A properly maintained cathodic electrodeposition
  coating system generates a minimal amount of
  solid waste. Moreover, these systems are clean
  systems and do not require disposable suits,
  respirators, and other protective gears for
  protection of workers from airborne hazards that
  are a daily concern for spray painters. Moreover,
  it reduces fire hazards as, most of the cathodic
  electrodeposition products are not considered
  Red Label (substance is considered as
  flammable), as they are formulated from
  water-based materials. This simplifies shipping
  and storage of these products.

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• However, one of the drawbacks using cathodic
  electrodeposition coating include non-uniform
  coating i.e. part of the substrate, which is in
  proximity to the metal source displays higher
  thickness compared to the part, which is away
  from the source. However, this limitation can be
  reduced by using baths, where metal ions are in
  complex form.
• The cathodic electrodeposition coats exhibits
  high level of protection against corrosion due to
  presence of aromatic polyurethane and urea type
  cross-linkers. However, coatings containing
  aromatic polyurethane cross linkers do not
  perform well in ultraviolet (UV) lights. Aromatic
  polyurethanes can cause yellowing of the coating
  itself as well as yellowing in subsequent layers.
  Moreover, during the baking process, a
  significant undesired side reaction produces
  aromatic polyamines. These undesired aromatic
  polyamines can inhibit curing of subsequent acid
  catalyzed topcoat layers and thus, can cause
  delamination of subsequent top layers after
  exposure to sunlight.
• The global cathodic electrodeposition coating
  market was valued at US 2,408.5 million in 2018
  and is expected to exhibit a CAGR of 3.3, in
  terms of value over the forecast period
  (2019-2027), and is expected to reach US 3,016.8
  million by 2027.

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Figure 1 Global Cathodic Electrodeposition
Coating Market Share (), By Region, 2018
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• North America is expected to exhibit significant
  growth in the global cathodic electrodeposition
  market during the forecast period. This is owing
  to the established automotive industry, which is
  creating a stagnant demand for new coating
  technologies in the region. Cathodic
  electrodeposition coatings are used in automotive
  parts. Therefore, growth of the automotive
  industry is expected to fuel demand for cathodic
  electrodeposition coating and in turn, is
  expected to drive the market growth during the
  forecast period. For instance, according to the
  American Automotive Policy Council report on
  State of the U.S. Automotive Industry in 2018,
  the U.S. auto production raised from 5.6 million
  vehicles in 2009 to 11.3 million vehicles in
  2017. Moreover, according to the same source, the
  three major players in the U.S. automotive
  industry such as FCA US, Ford, and General Motors
  manufactures and buy vehicles and their parts,
  and also conducts RD in the U.S. than their
  competitors.

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Figure 2. Global Cathodic Electrodeposition
Coating Market Share (), By Application, 2018
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• Cathodic electrodeposition coating is the most
  widely used coating process in automotive
  industry, as it provides a corrosion resistant
  base coat on automotive parts in a single-layer
  process. Growth of the automobile industry is
  expected to drive demand for cathodic
  electrodeposition coating process over the
  forecast period. For instance, according to the
  India Brand Equity Foundation, India became the
  fourth largest auto market in 2018 with sales
  increasing 8.3 year-on-year to 3.99 million
  units. According to the same source, domestic
  automobiles sales increased by 6.71 during
  2013-2019 with 26.27 million vehicles sold in
  2019
• Major players operating in the global cathodic
  electrodeposition coating market include 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.

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• Reference https//https//www.coherentmarketinsig
  hts.com/market-insight/cathodic-electrodeposition-
  coating-market-3698

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