E-Coat Market Analysis

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E-Coat Market Analysis is anticipated to reach approximately USD 4 Bn by 2026 and estimated to reach at CAGR of about 4.5% during a forecast period of 2017-2026.
E-coat is the process of coating which employs electrical current to adhere the paint. A work piece which is metal is suspended in a water-based solution containing a paint emulsion. An electric voltage is applied to the part causing the paint emulsion to adhere onto the metal part. The applied voltage maintains the coating thickness. E-coat offers superior performance and better properties such as corrosion resistant & enhanced adhesion, durability, UV resistance and etc drives the growth of the market. E-Coat is usually preferred for complex and bigger parts. Technological innovations impel the growth of the market. The Growth of the automotive sector in rising economies and potential for e-coat from the shipbuilding & pipeline industries are expected to offer growth opportunity for the market.E-Coat MarketE-coat market is segmented on the basis of electro-coating type into anodic epoxy, anodic acrylic, cathodic epoxy, and cathodic acrylic. Cathodic acrylic electro coat materials are used for top coat application because of their resistance to UV rays. Cathodic acrylic is expected to witness the highest growth in the e-coat market. Cathodic acrylic e-coat is typically used in applications where both UV durability and corrosion protection on ferrous substrates (steel) are required. It is also used in applications where light colors are required. Cathodic acrylic e-coat is available in a wide range of glosses and colors to maximize exterior durability, gloss retention, color retention, and corrosion protection. This type is used as a one-coat finish in the agricultural and lawn & garden equipment and appliances and air-conditioner applications.
Based on application, e-coat market is segmented into Commercial Vehicles, Heavy-duty Equipment, Automotive Parts & Accessories,, aircraft and Appliances. Automotive is the most popular and the fastest growing segment in the E-Coat market. The major market for automotive includes Germany, China, Japan, South Korea, and India. Metallic paints has increased in passenger cars, as they ensure sparkling and glossy effect, due to which there is high demand among customers. The trend of color customization in vehicles, especially in automotive, which is expected to drive the market.
Geographically E-Coat market can be segmented into North America, Europe, Asia-Pacific, Middle East & Africa and Latin America. Asia-Pacific region in the e-coat market is witnessing moderate-to-high growth with increasing demand, especially from China, India, and South Korea. Increasing demand from the automotive and commercial vehicles segments along with electronic appliances market are driving the Asia-Pacific e-coat market. China is the world’s largest producer and consumer of e-coat. China is the largest manufacturer of automobiles in the world increasing population, improved lifestyle, low-cost labor, and restructured environmental regulations would help the e-coat market to grow in the country in the forecast period.
Xalta Coating Systems , PPG Industries, Inc., BASF SE , Nippon Paint Holdings Co., Ltd., The Valspar Corporation, Tatung Fine Chemicals Co., Ltd., KCC Corporation, Luvata Oy, Hawking Electro technology Ltd., and NOROO Paint & Coatings Co., Ltd., PPG Industries, Inc., Akzo Nobel N.V, NIPSEA Group, Axalta Coating Systems, Chugoku Marine Paints Ltd, The Valspar Corporation and The Sherwin-Williams Company are some of the keyplayer of E-Coat Market.
The Scope of the E-Coat Market:
E-Coat Market By Type:

• Cathodic Epoxy
• Cathodic Acrylic
• Anodic
E-Coat Market By Application Type:
• Heavy-duty Equipment
• Aircraft
• Appliances
• Commercial Vehicles
• Automotive Parts & Accessories
E-Coat Market By Region:
• Asia Pacific
• Europe
• North America
• Middle East & Africa
• Latin America
Key Players Analysed in the E-Coat Market:
• Axalta Coating Systems
• PPG Industries, Inc.
• BASF SE
• Nippon Paint Holdings Co., Ltd.
• The Valspar Corporation
• Tatung Fine Chemicals Co., Ltd.
• KCC Corporation
• Luvata Oy
• Hawking Electrotechnology Ltd.
• NOROO Paint & Coatings Co., Ltd.
• Henkel AG & Co. KGaA
• Nordson Corp.
• Dymax Corp.
• Akzo Nobel N.V
• NIPSEA Group
• Chugoku Marine Paints Ltd
• The Sherwin-Williams Company.
For more information visit: https://www.maximizemarketresearch.com/market-report/e-coat-market/13083/
This Report Is Submitted By Maximize Market Research
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Listing ID: 2705d26ca0ab6ae2

May 19, 2021 12:42 pm

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