E-Coat Market Overview:
The global e-coat market has experienced a remarkable growth over the last decade and it has been analyzed that the global market will achieve the same growth during the forecast period. As per MRFR analysis, the global e-coat market is accounted to reach USD 4.1 billion by 2022 with a CAGR of 5.1%.
The major factors which are driving the global 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 rising demand from the agriculture sector has created a new platform for the e-coat market, and rising demand of automotive has enhanced the demand. However, there would be an ample opportunities for the overall growth of the global market. Geographically, Asia-Pacific has accounted the largest market share in 2015 and expected to lead the market during the forecast period.
Study Objectives of E-Coat Market:
- To provide detailed analysis of the market structure along with forecast for the next 6 years of the various segments and sub-segments of the e-coat market
- To provide insights about factors affecting the market growth
- To analyze the e-coat market based on various factors- price analysis, supply chain analysis, porters five force analysis etc.
- To provide historical and forecast revenue of the market segments and sub-segments with respect to four main geographies and their countries- Americas, Europe, Asia-Pacific, and Middle East & Africa.
- To provide country level analysis of the market with respect to the current market size and future prospective
- To provide country level analysis of the market for segments by product types, by applications and by regions
- To provide overview of key players and their strategic profiling in the market, comprehensively analyzing their core competencies, and drawing a competitive landscape for the market
- To track and analyze competitive developments such as joint ventures, strategic alliances, mergers and acquisitions, new product developments, and research and developments in the global market
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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 more than XX% 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.
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
- By Application
- Personal Vehicles
- Commercial Vehicles
- Automotive Accessories
- Heavy Vehicles
- 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.
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