Over the past few years, the global market has seen a substantial growth due to increasing demand of e-coat. This has resulted into a higher growth rate at the end of forecasted period. As per the market analysis, different factors have created boom in the global 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 Global E-Coat Market is accounted to reach USD 4.1 billion by 2022 and expected to grow over the CAGR of 5.1% during the period 2016 to 2022.
The Key Players of E-Coat Market Report 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.
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“Asia-Pacific is projected to be the Largest Market during the Forecast Period”
Geographically, Asia-Pacific is expected to be the largest market for e-coat and accounting largest Share of the total market. However, the emerging market such as China, where the rapid increasing population has become a major driving factor. Along with this, the increasing demand of e-coat from the application segment and government support and subsidies have been a major growing factors which has fueled the demand for e-coat in the regional market. Followed by this Europe is expected to be the second ruling region and North America would be the third ruling region.
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Scope of the Study:
The scope of the study categorizes the e-coat market as product type and application.
By Product Type:
- Anodic E-Coat
- Cathodic E-Coat
- Personal Vehicles
- Commercial Vehicles
- Automotive Accessories
- Heavy Vehicles
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