The report "E-Coat Market by Type (Cathodic Epoxy, Cathodic Acrylic, and Anodic), Application (Passenger Cars, Commercial Vehicles, Automotive Parts & Accessories, Heavy-Duty Equipment, and Appliances), and Region - Global Forecast to 2021", The e-coat market is projected to reach USD 3.80 Billion by 2021, registering a CAGR of 4.34% between 2016 and 2021. Superior performance of e-coats, compliance to environmental regulations, low cost, and growth in the end-use industries such as automotive and appliances are expected to drive the e-coat market.

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Passenger cars application expected to drive the global e-coat market

Passenger car is the most popular and the fastest-growing segment in the automotive industry. The main market for passenger cars includes Germany, China, Japan, South Korea, and India. 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.

Cathodic epoxy is the dominant type of e-coat

In 2016, the cathodic epoxy segment is estimated to account for the largest market share, 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. However, the cathodic epoxy technology, when applied on automotive bodies, generally requires a topcoat for protection from sunlight.

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Key market players in the global e-coat market

The key players in this market are Axalta Coating Systems (U.S.), PPG Industries, Inc. (U.S.), BASF SE (Germany), Nippon Paint Holdings Co., Ltd. (Japan), The Valspar Corporation (U.S.), Tatung Fine Chemicals Co., Ltd. (Taiwan), KCC Corporation (Korea), Luvata Oy (Finland), Hawking Electrotechnology Ltd. (U.K.), and NOROO Paint & Coatings Co., Ltd. (South Korea), among others.