Fior Markets revealed study on Global E-Coat Market 2019 by Manufacturers, Regions, Type and Application, Forecast to 2024 which offers a deep scenario on the current state focusing on the major drivers and restraints for the key players. This report guides through various segments market with size status and forecast 2024. It’s a professional and in-depth study report that offers granular analysis of the market share, manufacturers, product type, applications, technological advancement, and geographic regions.
Electrophoretic Painting Process (E-Coat) is a process where a metal part is immersed in a water-based solution containing a paint emulsion. An electric voltage is applied to the part causing the paint emulsion to condense onto the part. A part can be painted both inside and out, wherever the liquid is able to reach a metal surface. The coating thickness is limited by the applied voltage. As areas of high voltage build a coating they become insulators thus allowing lower voltage areas to build up. Finally, the interior of a part can be coated since the exterior is fully insulated by the coating.
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E-Coat Market Scope:
The market is witnessing steady growth because of demand for e-coats in end-use industries such as automotive and appliances.
Automotive (including manufacturing and auto parts) is the most popular and the fastest-growing segment in the E-coat industry, which accounting for over 61% of the demand market in 2016. The application of metallic paints has increased in passenger cars, as they provide sparkling and glossy effect, due to which there is high demand among customers. The automotive manufacturers have introduced the trend of color customization in vehicles, especially in passenger cars, which is expected to drive the market.
In 2016, the cathodic epoxy E-coat is estimated to account for the largest market share (about 53% of USA), in terms of value. Cathodic epoxy e-coat is the conventional type of e-coat used to provide corrosion resistance to the automotive and appliances bodies. It is widely used in the automotive industry, as it provides superior salt spray, resistance to humidity, and cyclic corrosion resistance.
The key players in this market are Axalta Coating Systems, PPG Industries, BASF, Nippon Paint and Valspar Corporation.
The worldwide market for E-Coat is expected to grow at a CAGR of roughly xx% over the next five years, will reach xx million US$ in 2024, from xx million US$ in 2019.
This report focuses on the E-Coat in global market, especially in North America, Europe and Asia-Pacific, South America, Middle East and Africa. This report categorizes the market based on manufacturers, regions, type and application.
In addition, it delivers market trends, industry drivers, challenges, opportunities, key company profiles and strategies of players such as Axalta Coating Systems, PPG Industries, Inc., BASF SE, Nippon Paint Holdings, The Valspar Corporation, Tatung Fine Chemicals, KCC Corporation, Luvata Oy, Hawking Electrotechnology Ltd, NOROO Paint & Coatings Co., Ltd., Koch Membrane System, Inc, ClearClad, Therma-Tron-X, The Decc Company, B.L. Downey Company LLC.
Market segment by application, split into Passenger Cars, Commercial Vehicles, Automotive Parts & Accessories, Heavy-Duty Equipment, Appliances along with their consumption (sales), market share and growth rate.
The report showcases a detailed picture of the market, distinguishing the key business influencers. Further, the SWOT analysis tool is utilized so that you can try to be one step ahead of your competitors. Overall information along with expert opinion derived from trustworthy sources will assist in understanding the E-Coat market present trends, applications, and challenges. Trends like globalization, technology progress promote fragmentation regulation & ecological concerns.
This report examines market statistics giving consideration to an average production and consumption of the product coupled with the demand from the market. The report is helpful for the governments, commercials, residential and industrial consumers, as well as manufacturers, other stakeholders to organize strategies. It also includes technology source and R&D status of the foremost manufacturers in the E-Coat market.
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