Global E-Coat Market Trends, Applications, Analysis, Growth, and Forecast to 2028
“Global E-Coat Market Analysis Trends, Applications, Analysis, Growth, and Forecast to 2028” is a recent report generated by MarketResearch.biz. The global e-coat market report has been segmented on the basis of type, application, and region.
E-coating or Electrocoating is a process where metal is submerged in water-based solution comprising of paint emulsion, and electric voltage is then applied, to metal enabling paint emulsion to abridge on top of part. Metal part can be painted from both outside and inside, wherever liquid is able to reach to metal surface. In high voltage areas, it builds a coating and they take form of insulators, thus allow to build up in lower voltage areas. Interior of metal part is then coated as exterior part which is completely insulated by coating. E-coat is cured by the heating process where the temperature and curing time is finalized by the acrylic, epoxy, and other products.
The key advantage of e-coating is ease of recuperating e-coat that gets carried by parts to rinse tank of e-coating. E-coat materials provide enhanced performance and superior properties including enhanced adhesion, and corrosion resistant, among others.
Increasing demand for e-coat across various end-use industries such as heavy-duty equipment such as agricultural equipment, construction equipment, and military & aerospace equipment is a major factor expected to drive growth of the global market. Moreover, increasing implementation of e-coat in various commercial vehicles and automotive parts and accessories applications is another factor projected to propel the global market growth.
In addition, superior performance and better properties, coupled with green environmental regulations are other factors expected to drive growth of the global market. Rapid growth in the end-use industries is another key factor expected to fuel the target market growth.
However, High initial investment for equipment is major factor expected to hamper growth of the global market.
On the basis of type, cathodic segment is projected to register major share in term of revenue in the global e-coat market. E-coat are widely used in several automotive applications including passenger cars, heavy-duty equipment, automotive parts and accessories, commercial vehicles, and appliances, among others owing to its excellent UV ray resistance properties. The cathodic segment revenue is projected to register highest CAGR.
On the basis of application, passenger car segment is projected to register major share in term of revenue in the global e-coat market. Application of metallic paints is increased in the passenger cars, as they offer glossy and sparkling effect, because of which its demand is increasing among customers. Automotive manufacturers have started new trend of color customization in the vehicles, especially in the passenger cars, which is another factor expected to drive the global market growth. The passenger car segment revenue is projected to register highest CAGR.
Asia Pacific e-coat market is expected to account for highest revenue share in the global market. The Asia Pacific e-coat market is projected to register highest growth rate in terms of revenue, owing to increasing implementation of e-coats in various end-use applications such as heavy-duty equipment such as agricultural equipment, construction equipment, and military & aerospace equipment.
Global e-coat market segmentation:
Segmentation by Type:
- o Cathodic Epoxy
- o Cathodic Acrylic
- o Anodic Epoxy
- o Anodic Acrylic
Segmentation by Application:
- Passenger Cars
- Commercial Vehicles
- Automotive Parts & Accessories
- Heavy-Duty Equipment
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
Attribute Report Details Market Size Ask For Market Size Growth Rate Ask For Growth Rate Key Companies Ask For Companies Report Coverage Revenue analysis, Competitive landscape, Key company analysis, Market Trends, Key segments, Distribution Channel, Market Dynamics, COVID-19 Impact Analysis and more… Historical Data Period 2015-2020 Base Year 2022 Forecast Period 2022-2031 Region Scope North America, Europe, Asia-Pacific, South America, Middle East & Africa Country Scope United States, Canada and Mexico, Germany, France, UK, Russia and Italy, China, Japan, Korea, India and Southeast Asia, Brazil, Argentina, Colombia etc.Saudi Arabia, UAE, Egypt, Nigeria and South Africa Revenue in US$ Mn
- Axalta Coating Systems Ltd.
- 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.
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