According to a recent market study published by Growth Market Reports, titled, “Cathode Coating Market” by types and by applications: Size, Share, Trends and Opportunity Analysis, 2015-2030”, the market was valued at USD 40.6 Million in 2021 and is expected to grow at a growth rate of 13.4% by the year 2030.

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As per Growth Market Reports industry analyst Sakshi Bhoyar and Vineet Pandey “Global Cathode Coating Market” is anticipated to witness significant growth during the forecast period 2022-2030. Various strategies of market players and constant innovation in cathode coating are expected to drive the market and is anticipated to fuel the cathode coating market during the forecast period.

Cathode coating is the process of coating metal with respect to the substrate in an electrochemical cell. This process is also known as electrophoretic deposition (EPD), or e-coating. A part of the material is submerged in a container that holds the coating solution. Additionally, an electric current of 25-400 volts is used while coating, the object that needs to be coated is set at one of the electrodes (cathode) along with another set of counter electrodes that completes the entire circuit.

Key factors that are anticipated to fuel the demand for the global cathode coating market during the forecast period, increasing demand due to simplicity in installation of cathode coating. Conversely, expensive cathodic protection process hampering the market growth is hampering the growth of the market. Expansion into various industries is creating lucrative opportunities for market players.

The value chain concept disaggregates a firm into the various activities it performs. Conceptualizing from the firm level, this concept has been applied to industries as a whole. The resulting unified merchant embedded computing value chain comprises activities such as strategy, defining scope, user documentation, marketing, implementation, training & certification, maintenance & support, subscription, licensing, and operations. Developers, resellers, marketing companies, and license issuers have different profit margins that vary depending on the material, product, sizes, and prices, offered by the company.

The primary as well as secondary research methodology is used for keen observation and study about the Global Cathode Coating Market. The primary research methodology involves commercial agreements made with the primary respondents as well as consulting partners to extract critical information pertaining to the syndicated as well as consulting projects. Primary interviews conducted with the stakeholders across industry verticals on regular intervals in line with the ongoing studies and to keep ourselves abreast with the latest market trends & developments. Validation of the estimated market size, current and future trends done from the key opinion leaders (KOLs). These KOLs are the CXO level people from leading companies in the industry and possess the experience of around 10-20 years in the industry. On the other-hand the secondary research methodology involves exhaustive desk research undertaken to understand the prevailing market trends & dynamics, market competition, customer insights and other KPIs. Company websites, their SEC filings, annual reports, broker & financial reports and investor presentations are scanned for understanding the competitive scenario, details and developments, and the overall competitive landscape. Regional government and statistical databases analyzed for macro & micro analysis. Research publications and paid data referred to obtain and validate the market estimations, budget, expenditure and other statistical insights.

The COVID-19 pandemic has highlighted economic disparities in the global demand in the crises of global interdependence and governance challenges. Epidemics are isolated concerns for businesses and prospects for emerging patterns and vulnerabilities. According to the current pandemic situation, strict measures are required for monitoring the situation, which in turn, affect businesses causing unanticipated short and long-term effects. Consequently, epidemics and pandemics are problems for individual market and an enhancement of existing dynamics and limitations. In the long-term, COVID-19 can serve as another opportunity for manufacturers to reconsider their commitment to the supply chain in regions prone to outbreaks and to reconfigure themselves regionally. In current scenario, COVID-19 is hampering the production process of several manufacturing industries and businesses. Moreover, trade barriers are further reducing the demand-supply of various products and services. However, reduction in outdoor activities and social distancing has created lucrative opportunities for the market.

Key Takeaways from the Study:

  • The players include Hannecard Roller Coatings Inc, Durr Group, Industrie De Nora S.p.A, Transene Company Inc, and SACHEM INC, among others.
  • Based on type, the global cathode coating market is segmented into the oxide coatings, fluoride coatings, phosphate coatings, lithium composite coatings, glass coatings, other coatings. The oxide coating segment is estimated to constitute a significant market share in the forecast period, as it adds thickness to the materials and is super durable to corrosion or rust. The fluoride coating segment is expected to register substantial growth in the forecast period, due to its wide usage in the various applications for coatings. The highly resistant coating to chemicals, weather, corrosion and is highly preferred. These factors are projected to boost the global cathode coating market during the forecast period.
  • In terms of application, the global cathode coating market is bifurcated into electric and plug-in hybrid vehicles, portable electronic devices, medical devices, space/ aeronautical/ defense-related devices, and others. The electric and plug-in hybrid vehicles segment is estimated to expand at a significant CAGR during the forecast period, owing to the rising cost of oil and gas and the shift of people to electric vehicles.
  • The market in Asia Pacific is estimated to expand from 2022 to 2030, due to the rising demand of cathode coatings materials and high levels of industrialization. This factor is expected to drive the demand for cathode coating over the forecast period.

Report Scope:

Report Metric

Details

Market Value in 2021

USD 40.6 Million

Market Growth Rate (from 2020 to 2028)

13.4%

Historical Data

2015 to 2020

Base Year

2021

Forecast Period

2022 – 2030

Units Considered

Value (USD Million)

Market Segments

By Type, By Application, and By Region

Key Companies Profiled

Hannecard Roller Coatings Inc, Durr Group, Industrie De Nora S.p.A, Transene Company Inc, and SACHEM INC, among others.

Customization Scope

Report customization available on request

Pricing and Purchase Options

Avail tailor-made purchase options to meet your research requirements.

Target Audience:

  • Supply-side: Product Providers
  • Demand Side: Electric and Plug-In Hybrid Vehicles, Portable Electronic Devices, Medical Devices, Space/ Aeronautical/ Defense-Related Devices, and Others.
  • Regulatory Side: Concerned government authorities, and other regulatory bodies.
  • Associations and Industry Bodies: Environmental Protection Agency and others.