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E-coat, also known as electro-coat, is a coating
method that uses electrically charged particles deposited from a water
suspension to cover conductive parts. The thickness of the coating is
determined by the applied voltage. The e-coat, or electronic coat, is
electrically charged thanks to cutting-edge technology. Water suspension is
employed to produce voltage in proportion to the thickness of these coats. The
technology in these coats' primary role is to attract opposing charges. It's a
painting technique in which the paint is settled using an electric current. The
metal section is painted with water-based paint solutions. As per the market
dynamics, the electrocoating market is projected to grow at the CAGR of 4.460%
over the forecasted period.
Due to the novel coronavirus (COVID-19) pandemic,
the electrocoating industry is predicted to increase slowly in 2021. This
lethal virus has wreaked havoc around the globe, particularly in North America
and Europe. Many companies have reported that COVID-19's disruption in
component supply from multiple countries will affect their planned
manufacturing. Due to numerous precautionary lockdowns imposed by governments
to control the spread of disease, substantial interruptions in various
production and supply-chain processes have resulted in significant financial
losses for the market.
its ability to coat even the most complex parts and assembled products while
meeting specific performance requirements, electrocoating is widely used in the
industry to coat products in a variety of categories, including appliances,
automobiles, automotive parts, transformers, metal office furniture, and much
more. The higher rate of utilization across the maximum level of end users
determines the growth of global electrocoating market.
increased need for passenger automobiles, heavy-duty vehicles, and commercial vehicles
will increase the demand for e-coatings, propelling the electrocoating (E-coat)
market's growth rate. In addition, the low-cost coating will increase market
value. Electrocoating (E-coat) is expected to increase at a faster rate due to
its higher performance and attributes.
recent decades, the agricultural sector in Asia Pacific, particularly in China
and India, has experienced substantial growth. Because of technological
improvements and the incorporation of IoT, the agricultural equipment market is
seeing a growth in demand. Agricultural equipment is alternately exposed to
moist and dry conditions, reducing its resistance to corrosion and wear and
tear. Coatings with good corrosion resistance and heat dissipation materials
should be provided to extend its useful lifespan. E-coats with established
corrosion resistant qualities are ideal for this application. The demand for
e-coats in the agricultural equipment, parts, and accessories market is likely
to rise in the future, thanks to rising sales of agricultural equipment, parts,
United States and European governments are particularly concerned about air
pollution and are developing rules aimed at reducing or eliminating hazardous
emissions. Regulatory considerations are also a market driver for e-coat, as it
is advised that less volatile organic chemicals be used. The last two decades,
the coatings industry has focused on developing environmentally friendly
materials and coatings. This is the outcome of countries around the world
enacting stronger environmental regulations and policies aimed at reducing VOC
emissions from coatings.
of their various properties, electrocoating materials have a lot of potential
in the appliance market. UV protection, electrical conductivity, and durability
are just a few of the features offered by these products.
of new enterprises joining the e-coat market, the greater capital costs
associated with setting up factories, as well as space constraints, deter new
entrants and established players from establishing new production lines. Though
coating the complete automotive body in a given amount of time appears to be
feasible, the technology's current capital expenditures deter many companies
from adopting it, as there is a risk that their production lines may not be
able to satisfy demand on a daily basis. Some manufacturers, on the other hand,
install their own equipment when the cost of it drops. As a result, the
manufacturer's production quantities justify the cost savings from outsourcing
the e-coat service.
different colors necessitate different processing tanks, which will present a
significant challenge to the industry.
Automotive Parts & Accessories
Military & Aerospace Equipment
Asia Pacific (APAC)
Middle East & Africa
Due to the
sheer advancements in transportation manufacturing in the United States, North
America controls the electrocoating (E-coat) market. Furthermore, increased
orders for e-coat in army and security equipment, as well as construction and
household commodities, are expected to expand market extension in the region
over the future cycles.
is expected to increase rapidly in the Asia Pacific region, particularly in
China, India, and Southeast Asian countries. Rapid industrialization, a shift
in end-use industries' manufacturing bases, and an expansion in the number of
applications are some of the primary drivers of the electrocoating market's
growth. During the forecast period, large end-use applications such as
passenger automobiles and commercial vehicles, together with rising demand in
the Asia Pacific region, are likely to drive increased demand for
electrocoating. The electrocoating market in Asia Pacific is being driven by
factors such as a large and growing population base, as well as a movement of
production units from North America and Europe to Asia Pacific.
KEY COMPANIES IN
report offers a competitive analysis of prominent companies operating in the
global electrocoating market. Some of the leading players profiled in the
market research report include:
IFB Industries Limited
FAWER Y-TEC Automotive Chassis System Co.,Ltd
Axalta Coating Systems
PPG Industries, Inc.
Nippon Paint Holdings Co., Ltd.
Tatung Fine Chemicals Co., Ltd.
Hawking Electrotechnology Limited
NOROO Paint & Coatings Co., Ltd.