E-Coat Market Revenue to Reach $3.80 Billion by 2021
The e-coat market size is estimated to reach USD 3.80 Billion by 2021, registering a CAGR of 4.34% between 2016 and 2021.
Electrocoating or E-coating is a process in which a metal is submerged in a water-based solution containing a paint emulsion, following which an electric voltage is applied to the metal enabling the paint emulsion to abridge on top of the part. The metal part can be painted both inside and out, wherever the liquid is able to reach a metal surface. As areas of high voltage build a coating, they take the form of insulators, thus allowing the lower voltage areas to build up. The interior of the metal part is then coated as the exterior part is completely insulated by the coating.
The research report studies the E-Coat Market using different methodologies and analyzers to provide accurate and in-depth information about the market. For a clearer understanding, it is divided into several parts to cover different aspects of the market.
Top Key Players in E-Coat market: 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.
Regional Analysis:
The market research report on the global E-Coat market offers complete analysis across various regions around the globe. The report contains detailed country-level analysis, market revenue, market value and forecast analysis for the following countries and regions: Geographically, the comprehensive analysis of ingestion, revenue and Market share and growth speed, historical and forecast (2021-2027) of these regions are covered.
Rising application in the automotive industry to fuel growth of E-coat market
With constantly evolving automotive industry, the demand for various aesthetic properties in the vehicles has been witnessing a subsequent increase. Cathodic acrylic e-coating is increasingly used across various vehicle segments of the automotive industry to provide resistance from corrosion and various other benefits. Cathodic acrylic e-coating provides higher salt spray, humidity resistance along with the cyclic corrosion resistance. Additionally, it also aids in the development of vehicles where light colors are required. Cathodic acrylic e-coat is available in a wide range of glosses and colors to escalate exterior durability and retention of gloss and color.
Key Developments
- In March 2019, PPG Industries, Inc. launched PPG POWERCRON 160 e-coat, an anionic epoxy coating having low volatile organic compound (VOC) content. The product was launched in North American market. The product is launched for automotive, casting, and heavy duty equipment manufacturers.
- In July 2018, PPG Industries, Inc. launched its new e-coat primer, PPG Enviro-Prime 8000, in Chinese market. The product is launched for automotive original equipment manufacturers. The new product launch will help PPG Industries to expand its market presence in China’s e-coat market.
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