E-coat Market Overview:
The global e-coat market is on track to surpass a predicted valuation of USD 4.1 billion by 2022, with a CAGR of 5.1% during the forecast period covering years from 2016 to 2022.
Market Research Future (MRFR) revealed several opportunities that the e-coat market can use to establish its market dominance. These factors are rising inclusion of green environmental regulations, the low cost associated with e-coating, superior properties, growing demand from the emerging economies, a surge in disposable income, and others will help the global e-coat market in its growth.
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The global market for e-coat is expected to gain, notably from the strategic changes implemented by various top players and new entrants. Their competition will help the market in profiting in terms of revenue. These companies are Axalta Coating Systems, Ad-Tech Industries Inc., Beacon Industries, Inc., Nippon Paint Holdings, PPG Industries, KCC Corporation, BASF SE, Noroo Paint & Coatings, Hawking Electrotechnology, Valspar Corporation, and others.
Among various strategic moves, spurring the investment for research and development related work will help companies in launching new products and increasing their edge in the market. Apart from these, regular methods like mergers, acquisitions, and others will help the companies in increasing their revenues. MRFR gathered information regarding these moves to understand how the market will ensure a profit in the coming days. Such reading will help in better development of strategies.
The global E-coat Market, as discussed by MRFR research analysts, can be studied based on a segmentation that includes product types and applications. This segmentation helps in gathering points for a better discussion regarding various changes made in the market.
By product types, the global market for e-coat will be segmented into anodic e-coat and cathodic e-coat. The anodic e-coat method is gaining substantial thrust from several end users.
By applications, the report on the e-coat market is dealing with segments like a personal vehicle, commercial vehicle, heavy vehicles, automotive accessories, and others. The rising disposable income has triggered a boost in the personal vehicle segment, which will
Europe has a robust automotive sector. This will ensure a better intake of the e-coat in the segment. Various automotive manufacturers like Mercedes, BMW, Piaggio, Lamborghini, Rolls Royce, and others are expected to increase the inclusion of e-coat in their manufacturing process. This is to boost its supply chain to meet the global need as it is rising with a surge in the global disposable income. This is especially true for countries from the developing regions. The developing countries from the Asia Pacific region are evolving strongly as a hub for the automotive sector due to which growth for the e-coat market in the region would be easier. Countries like India, China, South Korea, and Japan can boost market prospects in the coming years.
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In North America, the automotive sector is getting revamped due to the growing changes launched in countries like the US and Canada. In the US, General Motors is making significant progress to stay in the market and implement changes.
In April 2020, Honda revealed in a guideline about how to handle car coatings after a collision. In that guideline, Honda mentioned that a seam sealer should be used only if the primary e-coat applied by the company remains or other coatings have been applied first. This will help in establishing the importance of the company’s e-coating mechanism and will provide better maintenance service.
Table of Content
1 Executive Summary
2 Scope Of The Report
2.1 Market Definition
2.2 Scope Of The Study
2.2.1 Research Objectives
2.2.2 Assumptions & Limitations
2.3 Markets Structure
3 Market Research Methodology
3.1 Research Process
3.2 Secondary Research
3.3 Primary Research
3.4 Forecast Model
4 Market Landscape
4.1 Five Forces Analysis
4.1.1 Threat Of New Entrants
4.1.2 Bargaining Power Of Buyers
4.1.3 Threat Of Substitutes
4.1.4 Segment Rivalry
4.2 Value Chain/Supply Chain Of Global E-Coat Market
5 Industry Overview Of Global E-Coat Market
5.2 Growth Drivers
5.3 Impact Analysis
5.4 Market Challenges
5.5 Impact Analysis
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