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LONDON--(BUSINESS WIRE)--The electrocoating market is expected to grow by USD 1.07 billion during 2020-2024, according to Technavio. The report offers a detailed analysis of the impact of the COVID-19 pandemic on the electrocoating market in optimistic, probable, and pessimistic forecast scenarios. Enterprises will go through the Response, Recovery, and Renew phases. Download a Free Sample Report on COVID-19 The electrocoating market will witness a neutral impact during the forecast period owing to the widespread growth of the COVID-19 pandemic. As per Technavios pandemic-focused market research, market growth is likely to increase as compared to 2019. With the continuing spread of the novel coronavirus pandemic, organizations across the globe are gradually flattening their recessionary curve by leveraging technology. Many businesses will go through response, recovery, and renewal phases. Building business resilience and enabling agility will aid organizations to move forward in their journey out of the COVID-19 crisis and towards the next normal. This post-pandemic business planning research will aid clients to: Download the Post-Pandemic Business Planning Structure. Click here Key Considerations for Market Forecast: Gain instant access to 17,000+ market research reports by using Technavio's SUBSCRIPTION platform Related Report on Materials Industries: Global Pipe Coating Market- The pipe coating market is segmented by type (Thermoplastic coatings, Metal coatings, Fusion-bonded epoxy coatings, Concrete weight coatings, and others), geography (North America, Europe, APAC, MEA, and South America), and application (Oil and Gas, Industrial and chemical processing, Municipal water supply, and Others). Click Here to Get an Exclusive Free Sample Report Global Ceramic Coating for Thermal Spray Market- The ceramic coating for the thermal spray market is segmented by product (oxides, carbides, nitrides, and others), end-user (aerospace and defense, automotive, healthcare, energy generation, and others), and geography (APAC, Europe, MEA, North America, and South America). Click Here to Get an Exclusive Free Sample Report Major Three Electrocoating Market Participants: Arkema SA Arkema SA operates its business through various segments such as High-Performance Materials, Industrial Specialties, and Coating Solutions. The company offers Certincoat LowE electrocoating. It provides low emissivity, color neutrality, high transmission for sunlight, flexibility, and durability. BASF SE BASF SE operates its business through various segments such as Agricultural Solutions, and Other. The company offers E-Coat with CathoGuard technology for automotive applications. Berkshire Hathaway Inc. Berkshire Hathaway Inc. operates its business through various segments such as Manufacturing, McLane Company, Service and Retail, BNSF, and Berkshire Hathaway Energy. The company offers electrocoating under its brand Axalta Coating Systems. It offers AquaEC cathodic coatings and AquaEC cathodic coatings. If you purchase a report that is updated in the next 60 days, we will send you the new edition and data extract FREE! Get report snapshot here to get detailed market share analysis of market participants during COVID-19 lockdown: https://www.technavio.com/report/electrocoating-market-industry-analysis Electrocoating Market 2020-2024: Segmentation The electrocoating market is segmented as below: The electrocoating market is driven by the growing demand for electrocoating in the automotive industry. In addition, other factors such as high efficiency and superior properties of electrocoating over other coating techniques are expected to trigger the electrocoating market toward witnessing a CAGR of over 5% during the forecast period. Get more insights about the global trends impacting the future of the electrocoating market, Request Free Sample @ https://www.technavio.com/talk-to-us?report=IRTNTR45894 Market Drivers Market Challenges Market Trends Vendor Landscape About Us Technavio is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions. With over 500 specialized analysts, Technavios report library consists of more than 17,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavios comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

Answer: Electrocoating Market to Accelerate at a CAGR Over 5% during 2020-2024 | Research Report by Technavio Shape strategic responses through the phases of industry recovery Arkema SA, BASF SE, and Berkshire Hathaway Inc. will emerge as major electrocoating market participants during 2020-2024