The report "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 e-coat market is projected to reach USD 3.80 Billion by 2021, registering a CAGR of 4.34% between 2016 and 2021. Superior performance of e-coats, compliance to environmental regulations, low cost, and growth in the end-use industries such as automotive and appliances are expected to drive the e-coat market.

1. www.MarketsandMarkets.com
E-Coat Market by Type ,Application - &
by Region Global Trends & Forecast to
2021

2. 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

3. 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.

4. 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.

5. 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.

7. 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.

8. 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

9. 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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