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Electrocoating (E-Coat) Market Worth 3.69 Billion USD by 2020


News provided by

MarketsandMarkets

12 Aug, 2015, 13:30 GMT

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CHICAGO, August 12, 2015 /PRNewswire/ --

The report "Electrocoating (E-Coat) Market by Type (Cathodic Epoxy, Cathodic Acrylic, Anodic), by Application (Passenger Cars, Commercial Vehicles, Automotive Parts & Accessories, Heavy Duty Equipment, Appliances, & Others) & By Region - Global Forecasts to 2020", published by MarketsandMarkets, The market size, in terms of value, of E-Coat was estimated to be about USD 2.87 Billion in 2015 and is projected to reach USD 3.69 Billion by 2020, at a CAGR of 5.12% between 2015 and 2020.

Browse 92 Tables and 71 Figures spread through 189 Pages and in-depth TOC on "Electrocoating (E-Coat) Market".

http://www.marketsandmarkets.com/Market-Reports/electrocoating-market-29663206.html
Early buyers will receive 10% customization on this report.

The market report analyzes the global e-coat market with respect to market drivers, restraints, opportunities, and challenges in different regions.

E-coat is a unique immersion coating process in which electrically charged particles are deposited out of a water suspension to coat a conductive part. In this process, a positive charge is applied to the paint bath and a negative charge is applied to the parts to be-coated. The paint particles are suspended in water. The paint allows an electric current to travel from one paint particle to another till it reaches the part where the paint particles electrically attach themselves to the surfaces of the part. The parts are then processed through a bake oven where the paint is melted onto the part for fusion bonding and then heat cured to form a hard and durable film to coat the part.

Download Free Sample Pages: http://www.marketsandmarkets.com/pdfdownload.asp?id=29663206

The drivers identified for the electrocoating market are growing automotive and appliance industry. Developing countries such as China, India, and Brazil are the major consumers of e coat. The market in countries of Middle East and Africa are also growing. In developed countries such as the U.S., Spain, Germany, Japan, and Italy, the market is growing at a low to moderate rate.

Asia-Pacific is the largest market for e-coat, both in terms of volume and value, followed by Western Europe and North America. The key companies in this market are Axalta Coating Systems (U.S.), BASF SE (Germany), Hawking Electrotechnology (U.K.), KCC Corporation (South Korea), Koch Membrane Systems Inc. (U.S.), Luvata Oy (Finland), MetoKote Corporation, Inc. (U.S.), Nippon Paint Holdings Co., Ltd. (Japan), PPG Industries, Inc. (U.S.), and the Valspar Corporation (U.S.).

The e-coat market, in terms of value and volume, is estimated by considering the current and future projections according to the economic and industrial outlook. This analysis also covers important developments, expansions, partnerships & agreements, and mergers & acquisitions of the leading global companies.

The market size of e-coat majorly depends on new production of automobiles such as passenger cars, commercial vehicles, heavy duty construction, and agricultural equipment's. The e-coat offers superior performance and are cheaper. They also comply with environmental regulations. Because of this characteristic, e-coat is in high demand in end-use industries such as appliances, automotive, construction, and furniture. The restraint in the market is the initial high cost of capital equipment. The opportunities for the e-coat industry are growing automotive market in Asia-Pacific and the Middle-East, booming agricultural equipment industry, and others.

Browse Related Reports: 

Paints & Coatings Market by Resin Type (Acrylic, Alkyd, Epoxy, Polyurethane, Polyester, & Others), by Technology (Waterborne, Solvent Borne, High Solids, Powder & Others), by Application (Architectural & Paints) - Global Forecasts to 2020
http://www.marketsandmarkets.com/Market-Reports/paint-coating-market-156661838.html

Waterborne Coatings Market by Resin (Acrylic, Polyester, Alkyd, Epoxy, Polyurethane, PTFE, PVDF, PVDC, & Others), by Application (Architectural, Automotive, General Industrial, Protective, Wood, Marine, Packaging, Coil, & Others) - Global Forecast to 2019
http://www.marketsandmarkets.com/Market-Reports/waterborne-waterbased-coatings-market-205422792.html

About MarketsandMarkets 

MarketsandMarkets is world's No. 2 firm in terms of annually published premium market research reports. Serving 1700 global fortune enterprises with more than 1200 premium studies in a year, M&M is catering to multitude of clients across 8 different industrial verticals. We specialize in consulting assignments and business research across high growth markets, cutting edge technologies and newer applications. Our 850 fulltime analyst and SMEs at MarketsandMarkets are tracking global high growth markets following the "Growth Engagement Model - GEM". The GEM aims at proactive collaboration with the clients to identify new opportunities, identify most important customers, write "Attack, avoid and defend" strategies, identify sources of incremental revenues for both the company and its competitors.

M&M's flagship competitive intelligence and market research platform, "RT" connects over 200,000 markets and entire value chains for deeper understanding of the unmet insights along with market sizing and forecasts of niche markets. The new included chapters on Methodology and Benchmarking presented with high quality analytical infographics in our reports gives complete visibility of how the numbers have been arrived and defend the accuracy of the numbers.

We at MarketsandMarkets are inspired to help our clients grow by providing apt business insight with our huge market intelligence repository.

Contact: 

Mr. Rohan
1 South Dearborn Street,
21st Floor , Chicago,
Illinois, 60603,
United States
Tel: +1-888-600-6441
Email: sales@marketsandmarkets.com

Visit MarketsandMarkets Blog @ http://www.marketsandmarketsblog.com/market-reports/chemical
Connect with us on LinkedIn @ http://www.linkedin.com/company/marketsandmarkets

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