Market Research Future Published a Study Research Report on E-Coat Market Research Report – Global Forecast to 2022
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.
Apart from the aesthetic aspects, the e-coat needs to be protected against mechanical, physical and chemical attack is the reason why we coat the vehicles by means of electrocoating technology. There is verity of demands on e-coatings. The demand for materials for exterior application are different to those for products for interior applications. To fulfil this demand, several types of binders and additives are available. Furthermore, the application technology used depends on both the binder and the market. Improvement in sustainability, reduction of harmful substances and reduction of volatile organic compounds (VOC) are some of the general trends as per the requirement and regulations in global e-coat market. The relative importance of the various trends in e coat market depends on the governmental regulations in regions and on consumer need.
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The growth in the e-coat industry is primarily be 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 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 Key Players:
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 among others are some of the prominent players at the forefront of competition in the Global E-Coat Market and are profiled in MRFR Analysis.
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 Table Of Contents to be Continue….,
Browse key industry insights spread across 136 pages with 35 market data tables & 11 figures & charts from the report, “E-Coat Market Global Information: By Product Type (Anodic E-Coat and Cathodic E-Coat), Application (Personal Vehicles, Commercial Vehicles, Automotive Accessories, Heavy Vehicles and Others) and Region – Growth Potential, Price Trends, Competitive Market Share & Forecast, 2022” in detail along with the table of contents @https://www.marketresearchfuture.com/reports/e-coat-market-1911
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