A
new research report by Transparency Market Research offers a
comprehensive evaluation of the global E-Coat
Market. The
study, titled “E-Coat
Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast 2016 - 2024”,
is available for sale on the firm’s website.
E-coat
or electro-coat is an immersion technique in which electrically
charged particles are deposited out of a water suspension in order to
coat a conductive part. The coat thickness is controlled by the
applied voltage. The fundamental principle of e-coat technology is
based on the ability of opposite charges to attract. E-coat technique
is employed for uniform coating of interior and exterior surfaces.
Low volatile organic compound products are used in e-coat as they
give off no hazardous air pollutants. An additional environmental
advantage of e-coat materials is that they produce very less solid
waste compared to other coating techniques.
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Market Research Report @
The
e-coat market is segmented on the basis of electro-coating
technologies into anodic epoxy, anodic acrylic, cathodic epoxy, and
cathodic acrylic. Cathodic acrylic electro coat materials are used
for top coat application because of their resistance to UV rays.
Based on application, the e-coat market is segmented into automotive
parts and accessories, housing and construction, transportation,
hardware goods, bulk fasteners, agriculture equipment, military
equipment, and aircraft. The electro coating process is segmented as
pretreatment, electro coat bath, post rinses, and bake oven.
The
global e-coat market has witnessed a decent growth in 2015 and it is
expected to continue the same trend during the forecast period
(2016-2024). Housing and construction sector along with refurbishment
trends act as the main market drivers of e-coat market because of the
growing demands for residential buildings, commercial apartments and
educational institutions that require both architectural and
decorative coatings. Improvement in the number of employees in
various organizations is a market driver as it demands more number of
transportation facilities such as buses, trailers, rails and auto
mobiles which in turn has boosted the e-coat market. The rising
demand for electronic gadgets such as mobile phones, laptops,
computers and accessories have also boosted the e-coat market.
Growing demand of household appliances such as washers/dryers,
refrigerators, and dryers as a result of urbanization and dispensable
income are another key market drivers of e-coat market. Regulatory
pressures also act as a market driver of e-coat as they recommend for
low volatile organic compounds. Higher costs of traditional solvent
is another significant factor that triggers e-coat market. Consumers’
interest and spending money on sports and recreation equipment are
also considered as e-coat market drivers.
Government
regulations on air pollution have also influenced the e-coat market
since global demand for less volatile organic compounds and hazardous
air- free products has increased. Recent progress in nanotechnology
has imparted a significant positive change in the e-coat market as
incorporation of nanoparticles into paint formulations makes paints
more corrosion and scratch resistant. Salient features of e –coat
such as uniform coating thickness, complete paint coverage,
resistance to mechanical deformation, compatibility with other
products, ease of application on a number of substrates, good
chemical resistance, and aesthetic finishing have helped it to garner
attention in the global market.
In
terms of region, the global market for e-coat has been segmented into
Asia Pacific, EU, and Latin America. In the Asia -Pacific region,
China is expected to play a significant role in the near future
followed by India. The key market players of e-coat are based in
Eastern Europe and Latin America. Positive response for the e-coat
market is expected in the Middle East and Rest of the World as well.
Major
players operating in the global e-coat market include 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.
Get
accurate market forecast and analysis on the E-Coat market. Request a
sample to stay abreast on the key trends impacting this market@
The
report offers a comprehensive evaluation of the market. It does so
via in-depth qualitative insights, historical data, and verifiable
projections about market size. The projections featured in the report
have been derived using proven research methodologies and
assumptions. By doing so, the research report serves as a repository
of analysis and information for every facet of the market, including
but not limited to: Regional markets, technology, types, and
applications.
The
study is a source of reliable data on:
- Market segments and sub-segments
- Market trends and dynamics
- Supply and demand
- Market size
- Current trends/opportunities/challenges
- Competitive landscape
- Technological breakthroughs
- Value chain and stakeholder analysis
The
regional analysis covers:
- North America (U.S. and Canada)
- Latin America (Mexico, Brazil, Peru, Chile, and others)
- Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
- Eastern Europe (Poland and Russia)
- Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
- Middle East and Africa (GCC, Southern Africa, and North Africa)
About
Us
Transparency
Market Research (TMR) is a market intelligence company, providing
global business information reports and services. Our exclusive blend
of quantitative forecasting and trends analysis provides
forward-looking insight for thousands of decision makers. TMR's
experienced team of Analysts, Researchers, and Consultants, use
proprietary data sources and various tools and techniques to gather
and analyze information.
Our
data repository is continuously updated and revised by a team of
research experts, so that it always reflects the latest trends and
information. With a broad research and analysis capability,
Transparency Market Research employs rigorous primary and secondary
research techniques in developing distinctive data sets and research
material for business reports.
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