E-Coat Market worth 3.80 Billion USD by 2021

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E-Coat Market by Type ,Application - by Region
Global Trends Forecast to 2021
www.MarketsandMarkets.com
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E-Coat Market by Type (Cathodic Epoxy, Cathodic
Acrylic, and Anodic), Application (Passenger
Cars, Commercial Vehicles, Automotive Parts
Accessories, Heavy-Duty Equipment, and
Appliances), and Region - Global Forecast to
2021 The global e-coat market is estimated to
grow from USD 3.08 Billion in 2016 to USD 3.80
Billion by 2021, at a CAGR of 4.34 between 2016
and 2021

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Passenger cars application expected to drive the
global e-coat market Passenger car is the most
popular and the fastest-growing segment in the
automotive industry. The main market for
passenger cars includes Germany, China, Japan,
South Korea, and India. The application of
metallic paints has increased in passenger cars,
as they provide sparkling and glossy effect, due
to which there is high demand among customers.

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The automotive manufacturers have introduced the
trend of color customization in vehicles,
especially in passenger cars, which is expected
to drive the market. In addition, an increase in
the disposable income of consumers in developing
economies has fueled the demand of passenger
cars. Automotive companies are establishing
manufacturing facilities in emerging countries to
cater to this increased demand. The Indian
automotive industry is witnessing a phase of
rapid transformation and growth, mainly driven by
healthy economic conditions and growing
infrastructure development. The Indian automotive
industry has emerged as the seventh largest in
the world. Global automotive companies have
estimated India as a global sourcing hub due to
its rapidly increasing demand. In India, healthy
economic growth, changing consumer preferences,
improvement in the standard of living and
increased spending on infrastructure development
in the automotive and electronics segments are
expected to drive the e-coat market in the
Asia-Pacific region.
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Cathodic epoxy is the dominant type of e-coat In
2016, the cathodic epoxy segment is estimated to
account for the largest market share, in terms of
value. Cathodic epoxy e-coat is the conventional
type of e-coat used to provide corrosion
resistance to the automotive and appliances
bodies. It is widely used in the automotive
industry, as it provides superior salt spray,
resistance to humidity, and cyclic corrosion
resistance. However, the cathodic epoxy
technology, when applied on automotive bodies,
generally requires a topcoat for protection from
sunlight. It can be formulated to provide
protection over sharp edges and welds without
removing or exposing the metal underneath. As
these coatings exhibit excellent throw power, it
makes them a preferred choice for complex ware
packages or parts with cavities or hidden areas
that need coating.
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Asia-Pacific is the fastest-growing e-coat
market The automotive industry in the region is
witnessing a phase of rapid transformation and
growth, mainly driven by the stable economic
growth and growing infrastructure
development. E-coat contains polymeric materials
such as epoxy and acrylic that are used for
decorative and protective purposes. The resin
component in the formulation largely determines
the processing and end-use performance properties
of e-coat. The segmentation of the market is done
on the basis of type, namely, cathodic epoxy,
cathodic acrylic, and anodic. Cathodic epoxy
e-coat is the most popular segment because of its
superior adhesion and corrosion resistance
properties. It is designed to be compatible with
a wide range of liquid and powder topcoat
materials. Cathodic acrylic e-coat materials
require only one coat because of its excellent
resistance to UV rays. Anodic possess the same
properties as cathodic epoxy does. It is used
where components must be coated as assemblies
that contain heat-sensitive parts such as
bearings and seals.
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Target Audience Manufacturers of E-Coat and
their Raw Materials such as Resins, Solvents,
Additives, and Pigments Manufacturers of
Applications such as Passenger Cars, Commercial
Vehicles, Automotive Parts Accessories,
Heavy-Duty Equipment, Appliances, and
Others Traders, Distributors, and Suppliers of
E-Coat Regional Manufacturers' Associations and
General Paints Coatings Associations Government
and Regional Agencies and Research
Organizations
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Key Compotators The e-coat market is highly
competitive, with key market players, such as
Axalta Coating Systems (U.S.), PPG Industries,
Inc. (U.S.), BASF SE (Germany), Nippon Paint
Holdings Co., Ltd. (Japan), The Valspar
Corporation (U.S.), Tatung Fine Chemicals Co.,
Ltd. (Taiwan), KCC Corporation (Korea), Luvata Oy
(Finland), Hawking Electrotechnology Ltd. (U.K.),
and NOROO Paint Coatings Co., Ltd. (South
Korea). 
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