E-coat is an immersion coating process in which electrically charged particles are deposited out of a water suspension to coat a conductive part. In E-coating positive charge is applied to the paint bath and a negative charge is applied to the workpiece. Workpiece are suspended in a paint solution and allowed to remain for a time as per thickness requirement. Further processed through a baking oven where the paint is melted onto the part for fusion bonding and heat cured to form a hard and durable film to coat the part. 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.
Cathodic acrylic is expected to witness the highest growth in the global e-coat market
Cathodic acrylic is expected to witness the highest growth in the e-coat market. Cathodic acrylic e-coat is used in applications where both UV durability and corrosion protection on ferrous workpiece 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 utilities.
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. Paints have increased in an automobile, as they ensure shinny and glossy effect, due to which they are highly demanded among customers. The trend of colour customization in vehicles, especially in automotive is expected to drive the e-coat market.
Asia-Pacific region in the e-coat market is witnessing moderate-to-high growth
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 is 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 revised environmental regulations would help the e-coat market to grow in the forecast period
This report includes a study of marketing and development strategies, along with the product portfolios of leading companies. It includes the profiles of leading manufacturers 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.
Maximize market research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Global E-Coat market. The report encompasses the market by different segments and region, providing the in-depth analysis of the overall industry ecosystem, useful for taking an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics, and future opportunities that might exist in the Global E-Coat market. ]
The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors have been taken into consideration for enhancing market know-how of our clients and at the same time explain the Global E-Coat market positioning of competitors.
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