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E-Coat Market Overview:E-Coat Market is expected to reach USD 4.1 Bn at the end of the forecasted period and is expected to grow at CAGR of 5.1% from 2018 to 2022.
E-Coat Market has seen a notable growth over the past few years and it has been expected that the global market will keep on growing during the forecast period. E-Coat are majorly used in the personal vehicles, commercial vehicles, automotive accessories, heavy vehicles and others. The growing applications are resulting in the increasing demand for E-Coat across the globe.
Apart from the aesthetic aspects, the e-coat needs to be protected against mechanical, physical and chemical attack is the reason why we coat the vehicles by means of electrocoating technology. There is verity of demands on e-coatings. The demand for materials for exterior application are different to those for products for interior applications. To fulfil this demand, several types of binders and additives are available.
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E-Coat Market Key Players:
E-Coat Market as include: Ad-Tech Industries Inc., Axalta Coating Systems, Nippon Paint Holdings, Beacon Industries, Inc., BASF SE, PPG Industries, KCC Corporation, Valspar Corporation, Noroo Paint & Coatings, Hawking Electrotechnology and others. This report includes the product portfolios of the same.
E-Coat Market Segment:
Geographically, the segmentation is done into several key regions like North America, Middle East & Africa, Asia Pacific, Europe and Latin America. The production, consumption, revenue, shares in mill UDS, growth rate of E-Coat market during the forecast period of 2018 to 2022 is well explained.
The ongoing market trends of E-Coat market and the key factors impacting the growth prospects are elucidated. With increase in the trend, the factors affecting the trend are mentioned with perfect reasons. Top manufactures, price, revenue, market share is explained to give a depth of idea on the competitive side.
E-Coating Market Regional Analysis:
Asia Pacific region accounted largest market share in the global e-coat market and expected to dominate during the forecast period due to rising population, automotive and growing residential and non-residential activities in the region. China being largest consumer, manufacturer and exporter of e-coating. Chinese manufacturers are mostly small manufacturers and some of the prominent manufacturers. India is the second largest consumer in Asia Pacific region. Several initiatives taken by Government of India will support the growth of coating industry in India. One of such initiative is 'Make in India'.
Industry/ Innovation/ Related News:
November 2015 – Parker Trutec Inc. has announced that the Urbana, Ohio, facility will construct a 57,000-square-foot building expansion. This expansion is expected to add a third electrocoating line to the coating’s application facility located at 4795 Upper Valley Pike. This new electrocoating process line addition compliments the other electrocoat lines that are already in place at Parker Trutec and is expected to launch mass production by second quarter 2017. The total project cost will exceed $8.0 million.
January 2016 – PPG marks completion of $20 million electrocoat center at zhangjiagang, china, facility. The new 37,500-square-foot (nearly 3,500 square meters) center adds production and blending capacity for high-performance cathodic electrocoat (e-coat) coatings. It is PPG’s second e-coat blending operation in China along with one in Tianjin. The new operation is expected to help PPG meet growing demand by automotive-manufacturing and industrial customers for environmentally friendly coatings, such as waterborne e-coat products that comply with environmental regulations in China.
June 2017 – BASF invests USD40 million in automotive coatings in North America. Increased waterborne base e-coat capacity in Tultitlan and electrocoat emulsion capacity in Greenville enables BASF to continue to drive innovation through production of state-of-the-art automotive coatings. Waterborne basecoats are low volatile organic compound paint products that give vehicles their color and electrocoat or e-coat is the primer coat applied to vehicles to prevent corrosion.
E-Coat Market Table of Content:
1 Executive Summary
2 Scope of the Report
3 Market Research Methodology
4 Market Landscape
5 Industry Overview of Global E-Coat Market
E-Coat Market Table of Content to be Continue….,
Complete Table of Content is Available at @ https://www.marketresearchfuture.com/reports/e-coat-market-1911
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