Interest in Ecoating grows worldwide
Interest in Ecoating grows worldwide
7 June 2022
For our News From The World column, we analyze a recent report conducted by MarketsandMarkets™. According to this research, globally, the ecoating market will grow 28 percent by 2026. The causes that are leading to this expansion of cataphoresis coating are many: need for excellent performance in corrosion resistance, current regulations, and target markets are just some of them.
According to the new market research report “Electrocoating Market by Type (Cathodic Epoxy, Cathodic Acrylic, Anodic), Application (Passenger Cars, Commercial Vehicles, Automotive Parts & Accessories, Heavy-Duty Equipment, Appliances) and Region – Global Forecast to 2026“, published by MarketsandMarkets™, the size of the cataphoresis market is expected to grow from $3.9 billion in 2021 to $5 billion by 2026, with a CAGR of 4.7 percent over the forecast period.
The ecoating market is growing due to increased demand for advanced, cost-effective technologies and strict government regulations globally.
The growing relevance of ecoating
Ecoating offers excellent corrosion resistance. It is widely used in the automotive industry, for example, because it offers superior resistance to salt spray, moisture and cyclic corrosion.
It can be formulated to provide protection on sharp edges and welds without backing off or exposing the underlying metal. Because these coatings have excellent projection ability, they are an ideal choice for complex shapes or parts with cavities or hidden areas that need a coating.
In addition, cataphoresis represents one of the best primer coatings available on the market. Increased demand from applications such as automotive, industrial vehicles, home appliances, etc. will lead to inevitable growth in the electrocoating market over the period considered by the research.
Heavy equipment is the fastest growing product area
Heavy-duty equipment is used in construction, agriculture, and industry to move large amounts of soil or to excavate foundations and landscape areas. They are also generally called earthmoving equipment.
Agricultural equipment such as tractors, bulldozers, excavators, military and aerospace applications are also included. Materials with lower curing temperatures have made it possible to electroplate on large-gauge materials that are difficult to process by conventional methods because of curing requirements at higher temperatures.
This capability can improve corrosion resistance while reducing application costs on agricultural products and construction equipment. It is estimated that cataphoresis is already currently applied on more than 50 percent of heavy industrial vehicles. Therefore, the global increase of of urbanization and industrialization will increase the growth of the market for this type of machinery and consequently the need for appropriate and high-performance anticorrosion treatments.