Research Reports

Chemicals and Materials

icon
Home » Reports » Electrocoating E Coat Market Global Demand Analysis Opportunity Outlook 2024
Market Research Report

Electrocoating (E-Coat) Market : Global Demand Analysis & Opportunity Outlook 2024

Published On : 09:40 AM, 14th September, 2017 REP-ID-383 Category: Chemicals and Materials

E-coat Market Overview

E-coat, also known as electro coating, is a method of painting which uses electricity to condense the paint emulsion on the body or part of the material. The e-coat offers various advantages over other types of coatings. The first and foremost advantage is the uniform coating of the surfaces. Also, e-coat application results in less solid waste production as compared to other coating processes.    

Market Size and Forecast

Global e-coat market was valued at USD 3.5 Billion in 2016. Further, global e-coat market is anticipated to flourish at a CAGR of 4.6% over the forecast period 2017-2024 and is likely to reach USD 4.6 Billion by the end of 2024. Rising demand for e-coat from various industries such as automotive and electronic appliance is expected to foster the growth of global e-coat market over the forecast period.

In the terms of region, Asia-Pacific accounted for the highest percentage of market share in 2016. Additionally, Asia-Pacific is anticipated to continue its dominance over the forecast period on the account of the increasing demand from the automotive industry. Further, spiked growth of electronic appliance industries is likely to provide robust growth to e-coat market over the forecast period. Moreover, set up of manufacturing facilities in Asia-Pacific region by key e-coat companies is envisioned to bolster the growth of Asia-Pacific e-coat market. China is the major country witnessing the augmented demand for e-coat products. Additionally, China accounted for highest consumption of e-coat in 2016 on the account of the largest number of automobile production in the world.

Electrocoating market

Europe e-coat market is expected to witness significant growth over the forecast period due to the presence of automotive manufacturers in the region. Further, rising construction activities in Western Europe is expected to propel the growth of e-coat market in Europe region. North America is     anticipated to grow at significant pace over the forecast period owing to high disposable income coupled with increasing activity of renovation of houses and buildings.

Market Segmentation

Our-in depth analysis of the global e-coat market includes the following segments:

By Product Type

  • Cathodic
    • Cathodic Epoxy
    • Cathodic Acrylic
  • Anodic
    • Anodic Epoxy
    • Anodic Acrylic

By Application

  • Passenger Cars
  • Commercial Vehicles
  • Automotive Parts & Accessories
  • Heavy Duty Equipment
    • Agricultural Equipment
    • Construction Equipment
    • Military & Aerospace Equipment
  • Appliances
  • Others

By Distribution Channel

  • Original Equipment Manufacturer (OEM)
  • Aftermarket

By Region

Global e-coat market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth & Opportunity Analysis
  • Latin America (Brazil, Mexico, Rest of Latin America) Market size, Y-O-Y growth & Opportunity Analysis
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, Rest of Europe) Market size, Y-O-Y growth & Opportunity Analysis
  • Asia-Pacific (China, India, Japan, Singapore, Australia, New Zealand, Rest of Asia) Market size, Y-O-Y growth & Opportunity Analysis.
  • Middle East and Africa (GCC, North Africa, South Africa & Rest of Middle East) Market size, Y-O-Y growth & Opportunity Analysis

Growth Drivers & Challenges

Rising demand from automotive industry is the major factor driving the growth of the global e-coat market. Over the past few years, automotive industry has witnessed high demand for color customization. Availability of e-coat in wide range of color and glosses are resulting in spiked adoption e-coat in automotive industry. Furthermore, acceptance to environmental regulation is resulting in the adoption of e-coat by various end-use industries. Moreover, electronic coat are widely used for coating electronic appliances as they offers resistance to corrosion and humidity. These factors are expected to augment the growth of the global e-coat market.

Rapid pace of construction and infrastructure development is one of the key factors fuelling the demand for e-coat. Consequently, renovation and remodeling of houses and buildings is boosting the electronic coat market.  Apart from this, technological innovation and development associated with e-coat such as DOE matrix is one of the key factors fuelling the growth of the global e-coat market.

However, declining demand and production rate of agricultural equipment is anticipated to hinder the growth of the global e-coat market. Availability of alternatives such as solvent based coatings is likely to restrain the growth of this market.

Key Players

  • BASF SE
    • Company Overview
    • Key Product Offerings
    • Business Strategy
    • SWOT Analysis
    • Financials
  • Nippon Paint Holdings Co., Ltd.
  • KCC Corporation
  • Axalta Coating Systems
  • PPG Industries, Inc.
  • The Valspar Corporation
  • Tatung Fine Chemicals Co., Ltd.
  • Luvata Oy
  • Hawking Electrotechnology Ltd.
  • NOROO Paint & Coatings Co., Ltd.

Scope and Context

Overview of the Parent Market

Analyst View

Segmentation

The global e-coat market is segmented as follows:

  • By Product Type Size & Y-O-Y Growth Analysis
  • By Application Market Size & Y-O-Y Growth Analysis
  • By Distribution Channel Market Size & Y-O-Y Growth Analysis
  • By Region Market Size & Y-O-Y Growth Analysis

Market Dynamics

Supply & Demand Risk

Competitive Landscape

Porter’s Five Force Model

Geographical Economic Activity

Key Players (respective SWOT Analysis) and their Strategies and Product Portfolio

Recent Trends and Developments

Industry Growth Drivers and Challenges

Key Information for Players to establish themselves in current dynamic environment

 

Key Answers Captured in Report?
Which geography would have better demand for product/services?
What are the strategies adopted by big players in the regional market?
Which country would see the steep rise in CAGR & year-on-year (Y-O-Y) growth?
What is the current & expected market size in next five years?
What is the market feasibility for long term investment?
What opportunity the country would offer for existing and new players in the market?
What is risk involved for suppliers in the geography?
What factors would drive the demand for the product/service in near future?
What is the impact analysis of various factors in the market growth?
What are the recent trends in the regional market and how successful they are?

SELECT LICENSE TYPE

KEY BENEFITS

  • DIRECT ANALYST ASSISTANCE

    Direct access to analyst to help you understand the market in a better way to handle your critical question

  • CUSTOMIZE AS PER YOUR NEED

    Citing your business specific requirement our consultant would assist you ensuring targeted goal is achieved

  • DISCOUNT ON CUSTOMISATION

    Get 10% free customization

  • QUALITY ASSURED

    Great focus on accuracy and quality of the research

Connect With Us

Call us

(U.S.) - +1 646 586 9123
(Canada) - +1 437 889 3230
(U.K.) - +44 203 608 5919
(India) - + 91 120 660 5495
Email: info@researchnester.com

Ask The Analyst

Delivery Center

1014, 10th Floor, Tower A1,
Ansal Corporate Park, Plot no 7A/1,
Sector 142 Noida., 201301 India
Phone : +91 958 228 3827, +91 120 660 5495
info@researchnester.com

US Office

1820 Avenue M, Suite# 1113,
Brooklyn, New York 11230
Phone : +1 646 586 9123
info@researchnester.com

Canada (Toronto)

Phone : +1 437 889 3230
info@researchnester.com

UK Office (London)

Phone : +44 203 608 5919
info@researchnester.com

Copyright © 2017 Research Nester. All rights reserved

Top