E-Coat Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2016 - 2024
- Transparency Market Research
E-coat or electro-coat is an immersion technique in which electrically charged particles are deposited out of a water suspension in order to coat a conductive part. The coat thickness is controlled by the applied voltage. The fundamental principle of e-coat technology is based on the ability of opposite charges to attract. E-coat technique is employed for uniform coating of interior and exterior surfaces. Low volatile organic compound products are used in e-coat as they give off no hazardous air pollutants. An additional environmental advantage of e-coat materials is that they produce very less solid waste compared to other coating techniques.
The e-coat market is segmented on the basis of electro-coating technologies 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. Based on application, the e-coat market is segmented into automotive parts and accessories, housing and construction, transportation, hardware goods, bulk fasteners, agriculture equipment, military equipment, and aircraft. The electro coating process is segmented as pretreatment, electro coat bath, post rinses, and bake oven.
The global e-coat market has witnessed a decent growth in 2015 and it is expected to continue the same trend during the forecast period (2016-2024). Housing and construction sector along with refurbishment trends act as the main market drivers of e-coat market because of the growing demands for residential buildings, commercial apartments and educational institutions that require both architectural and decorative coatings. Improvement in the number of employees in various organizations is a market driver as it demands more number of transportation facilities such as buses, trailers, rails and auto mobiles which in turn has boosted the e-coat market. The rising demand for electronic gadgets such as mobile phones, laptops, computers and accessories have also boosted the e-coat market. Growing demand of household appliances such as washers/dryers, refrigerators, and dryers as a result of urbanization and dispensable income are another key market drivers of e-coat market. Regulatory pressures also act as a market driver of e-coat as they recommend for low volatile organic compounds. Higher costs of traditional solvent is another significant factor that triggers e-coat market. Consumers’ interest and spending money on sports and recreation equipment are also considered as e-coat market drivers.
Government regulations on air pollution have also influenced the e-coat market since global demand for less volatile organic compounds and hazardous air- free products has increased. Recent progress in nanotechnology has imparted a significant positive change in the e-coat market as incorporation of nanoparticles into paint formulations makes paints more corrosion and scratch resistant. Salient features of e –coat such as uniform coating thickness, complete paint coverage, resistance to mechanical deformation, compatibility with other products, ease of application on a number of substrates, good chemical resistance, and aesthetic finishing have helped it to garner attention in the global market.
In terms of region, the global market for e-coat has been segmented into Asia Pacific, EU, and Latin America. In the Asia -Pacific region, China is expected to play a significant role in the near future followed by India. The key market players of e-coat are based in Eastern Europe and Latin America. Positive response for the e-coat market is expected in the Middle East and Rest of the World as well.
Major players operating in the global e-coat market include PPG Industries, Inc., Akzo Nobel N.V, NIPSEA Group, BASF SE, Axalta Coating Systems, Chugoku Marine Paints Ltd, The Valspar Corporation, and The Sherwin-Williams Company.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
The study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
Highlights of the report:
- A complete backdrop analysis, which includes an assessment of the parent market
- Important changes in market dynamics
- Market segmentation up to the second or third level
- Historical, current, and projected size of the market from the standpoint of both value and volume
- Reporting and evaluation of recent industry developments
- Market shares and strategies of key players
- Emerging niche segments and regional markets
- An objective assessment of the trajectory of the market
- Recommendations to companies for strengthening their foothold in the
Note: Although care has been taken to maintain the highest levels of accuracy in TMR’s reports, recent market/vendor-specific changes may take time to reflect in the analysis.
Have query on this report?Make an Enquiry
The team was the biggest help to us. Not only were we provided with customized solutions but also we were guided through the most complicated situations. The information was on-point yet comprehensive. The experience was absolutely satisfying and helped us turn many challenges into opportunities.
Ours is a startup with a unique set of challenges and we were therefore hesitant but the team totally put us at ease with their knowledge and expertise. Our business and its challenges were understood perfectly and help was extended accordingly. The tailor made approach really helped us gain the most informative insights.
The report repository is absolutely impressive –updated and exhaustive in terms of markets covered and information provides. Besides, with the support extended to us by the team, we could reduce costs as well as move to sustainable growth. This really helped us tap into new opportunities. Happy to have gone ahead with ResearchMos.us.
We have had a long term engagement with ResearchMoz.us and never have we felt that the work done and help extended were below flawless. The report repository is one of the best one can hope to tap into. Recently, our partner businesses opted for consultancy services and they are all thrilled with the outcome.
Insights from reports helped us improve our profit margins significantly. Most of the knowledge we needed on the market were provided to us on a granular basis. From trends, and drivers to competitive analysis, the information was not just crisp but also insightful. That helped us chart a robust growth strategy and as of now we are happy to state that we are reaping big benefits.
More from Chemicals
ChemicalsChinese Markets for Container Coatings
ChemicalsChinese Markets for Antioxidants
ChemicalsChinese Markets for Silicone Coatings
ChemicalsChinese Markets for Absorbents
Chemicals and MaterialsGlobal Market Study on Sodium Cyanide: Upswing in Mining Activities Boosting Sales Prospects