E-Coat Market
E-Coat Market Overview:
E-Coat Market is expected to reach USD 4.1 Billion at the end of the forecasted period and is expected to grow at CAGR of 5.1% from 2018 to 2022.
E-Coat Industry is primarily being driven by a boom in residential construction activity in the world and growing automotive industry in the Asia Pacific region. In addition to this, increasing spending capacity of people in turn is expected to benefit the major applications in which e-coatings and preservatives are used – namely metals like steel, aluminium, titanium among others.
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.
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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.
Industry/ Innovation/ Related News:
June 2017 – BASF invests USD 40 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.
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.
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 coatings 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.
E-Coat Market Application:
E-Coat Market are rapidly increasing number of vehicles, high physical strengths with superior properties, green environment regulations, low cost of coating, emerging economies and others.
The major factors which are driving the global market are rapidly increasing number of vehicles, high physical strengths with superior properties, green environment regulations, low cost of coating, emerging economies and others. The rising demand from the agriculture sector has created a new platform for the e-coat market, and rising demand of automotive has enhanced the demand. However, there would be an ample opportunity for the overall growth of the global market. Geographically, Asia-Pacific has accounted the largest market share in 2018 and expected to lead the market during the forecast period.
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.
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E-Coat 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'. This initiative is expected to foster growth in Indian e-coat market by allowing duty rationalization for skill development, feedstock, improving infrastructure and tax incentives for R&D investments. Approval of the GST bill is another key reform which is expected to lower logistics cost by 10-15% and create a unified market across the country. The launch of Single Window Interface for Facilitating Trade (SWIFT) by government would help importers or exporters to file a common integrated declaration, instead of 9 forms across 6 agencies. In addition to this, North America & Europe have witnessed healthy growth in e-coating market owing to a growing non-residential repair, renovation and new construction activities in the region.
E-Coat Market Competitive Landscape:
The report analyses the degree of competition among the industry players as well as industry growth and market scenario. The global e-coating market is at a growing stage, which represents moderate stats in terms of market value and overall volume. Over the past few years, e-coating market has witnessed healthy demand due to increasing spending capacity of people which has stoked sales of furniture. Nevertheless, the degree of competition among the market players is still less owing to limited major market players across the globe. Globally market for e-coating is fragmented and it is moving towards growth expansion by specifically adopting partnership, expansion and joint-venture strategies and product launch strategies.
E-Coat Market Table of Content:
1 Executive Summary
2 Scope of the Report
2.1 Market Definition
2.2 Scope of the Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat of New Entrants
4.1.2 Bargaining Power of Buyers
4.1.3 Threat of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain of Global E-Coat Market
5 Industry Overview of Global E-Coat Market
5.1 Introduction
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
E-Coat Market Table of Content to be Continue….,
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