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2022
E-coat Market

E-Coat Market

by Type (Cathodic Epoxy, Cathodic Acrylic, and Anodic) and Application (Passenger Cars, Commercial Vehicles, Automotive Parts & Accessories, Heavy-duty Equipment, and Appliances): Global Opportunity Analysis and Industry Forecast, 2022-2029

Report Code: A03242
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Nov 2022 | 5617 Views
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COVID-19

Pandemic disrupted the entire world and affected many industries.

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E-Coat Market Insights and Forecast -2027

E-coat or electro-coat is an immersion technique in which electrically charged particles are deposited out of a water suspension to coat a conductive part. The coating thickness is controlled by the applied voltage.

The fundamental principle of e-coat technology is based on the ability of opposite charges to attract. This process is a method of painting, which uses electrical current to deposit the paint. A metal part is immersed in a water-based solution containing a paint emulsion. An electric voltage is applied to the part causing the paint emulsion to condense onto the part. The applied voltage limits the coating thickness. The 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 little solid waste compared to other coating techniques.

COVID-19 scenario analysis:

  • Many companies have claimed that the disruption in the supply of components from various countries due to the outbreak of COVID-19 will impact the company's planned production.
  • The ongoing issue of COVID-19 in several countries has affected the supply of many companies’ manufacturing facilities.
  • Almost every worker in every company has been affected due to the pandemic as there are jobs and salary cuts by the companies.
  • The COVID-19 is one of the first pandemics of its kind that is forcing the automotive industry to re-think its business.
  • The automotive segment may revive soon in the market but it will take a long time to get back on track for the entire market after the lockdown.

Top impacting factors: Market scenario analysis, trends, drivers, and impact analysis 

Some of the factors influencing market are expected to spur the product demand over the forecast period. However, the high cost of equipment may hamper the growth of the market. Furthermore, the increasing use of low volatile organic compound products in e-coating, which provide non-hazardous air and pollutant-free products are expected to offer lucrative opportunities for the market over the forecast period.

The e-coat market trends are as follows:

Increasing government regulation for adapting organic compounds

Government regulations on air pollution have also influenced the e-coat market as the 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. This included the incorporation of nanoparticles into paint formulations, thereby making 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.

Increasing customer inclination toward better performance  

E-coat materials offer superior performance and better properties, such as corrosion resistance and enhanced adhesion, which drive the growth of the market. In addition, the development of end-user industries and technological advancement propel the growth of the market. However, the high cost of equipment hampers the market growth. Moreover, as applied voltage limits the coating thickness in which the areas of high voltage build a coating, they become insulators, thus allowing lower voltage areas to build up. Therefore, the interior of a part can be coated as the exterior is fully insulated by the coating, further boosting the market growth over the forecast period.

Key benefits of the report:

  • This study presents the analytical depiction of the e-coat market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with a detailed analysis of the e-coat market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the e-coat market scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market.
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in the coming years.

Questions answered in the market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?

E-Coat Market Report Highlights

Aspects Details
By Type
  • Cathodic Epoxy
  • Cathodic Acrylic
  • Anodic
By Application
  • Passenger Cars
  • Commercial Vehicles
  • Automotive Parts and Accessories
  • Heavy-duty Equipment
  • Others
Key Market Players PPG INDUSTRIES, INC., AXALTA COATING SYSTEMS, LTD, BASF SE, NIPPON PAINT HOLDINGS CO., LTD., THE SHERWIN WILLIAMS COMPANY, KCC CORPORATION, TATUNG FINE CHEMICALS CO., LTD., KANSAI PAINT CO., LTD., B.L DOWNEY COMPANY LLC.
Other Key Market Players AUTOTECH PRODUCTION SERVICES, INC., BEACON INDUSTRIES, INC., BROSE GROUP, DC COATERS, INC., ELECTROPRIME GROUP LLC., GEORGE KOCH SONS LLC., MAX COATING, INC., MID WEST COATINGS
 

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