Electrocoating (E-Coat) Market Scope: Analysis By Revenue Growth, Development And Demand Forecast To 2024

The electrocoating (e-coat) market has been segmented by product type into cathodic epoxy, cathodic acrylic, anodic epoxy and anodic acrylic electrocoatings. Among these segments, the cathodic acrylic electrocoatings is anticipated to drive the overall market of electrocoating by generating noteworthy revenue. This can be attributed to its applications that defy UV rays. Moreover, with rising population there is a huge demand for electrocoating in domestic construction sector.

In the regional segment, Asia-Pacific accounted for the highest percentage of market share in 2016 and is anticipated to continue its dominance over the forecast period owing to the increasing demand in the automotive industry. Additionally, spiked growth of electronic appliance industries is likely to provide robust growth to electrocoating market over the forecast period. Further, presence of automotive manufacturers is anticipated to drive the growth of electrocoating market in Europe region. Factors such as increasing activity of renovation of houses and buildings combined with high disposable income are expected to drive the growth of North America market at a significant pace.

The global e-coat market was valued at USD 3.5 Billion in 2016 and is likely to reach USD 4.6 Billion by the end of 2024, expanding at a notable CAGR over the period 2017-2024.  Rising demand for electrocoating from various industries such as automotive and electronic appliance is expected to foster the growth of global e-coat market over the forecast period. Further, its advantage of uniform coating of the surfaces and less waste production as compared to other coating processes is anticipated to drive the expansion of e-coat market.

Download Sample of This Strategic Report @ https://www.researchnester.com/sample-request-383

Automotive Industry Reflects Significant Opportunities

Rising demand from automotive industry is the major factor driving the growth of the global electrocoating market due to high demand for color customization with its wide range of color and glosses.  Moreover, electronic coatings find its usage in coating electronic appliances as they offer resistance to corrosion and humidity. These factors are expected to augment the growth of the global e-coat market.

The report titled “Electrocoating (E-Coat) Market: Global Demand Analysis & Opportunity Outlook 2024” delivers detailed overview of the electrocoating (e-coat) market in terms of market segmentation by product type, application, by distribution channel and by region.

However, presence of alternatives is likely to inhibit the growth of the e-coat market in the near future.

Further, for the in-depth analysis, the report encompasses the industry growth drivers, restraints, supply and demand risk, market attractiveness, BPS analysis and Porter’s five force model.

This report also provides the existing competitive scenario of some of the key players of the electrocoating (e-coat) market which includes company profiling of BASF SE, Nippon Paint Holdings Co. Ltd., KCC Corporation, Axalta Coating Systems, PPG Industries Inc., The Valspar Corporation, Tatung Fine Chemicals Co. Ltd, Luvata Oy, Hawking Electrotechnology Ltd. and NOROO Paint & Coatings Co. Ltd.

Curious about this latest version of report? Obtain Report Details @ https://www.researchnester.com/reports/electrocoating-e-coat-market-global-demand-analysis-opportunity-outlook-2024/383

The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the electrocoating (e-coat) marketthat will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.

About Research Nester

Research Nester is a leading service provider for strategic market research and consulting. We aim to provide unbiased, unparalleled market insights and industry analysis to help industries, conglomerates and executives to take wise decisions for their future marketing strategy, expansion and investment, etc. We believe every business can expand to its new horizon, provided a right guidance at a right time is available through strategic minds. Our out of box thinking helps our clients to take wise decision so as to avoid future uncertainties.

Contact Us

AJ Daniel
Email: info@researchnester.com
U.S. Phone: [+1 646 586 9123]
U.K. Phone: [+44 203 608 591]

Read More Related Reports:-

Crowdsourced Data Collection Market
Smart Grid Network Market
V-Basilar Artery Syndrome Treatment Market
Smart transformer market
Cerebral Artery Syndrome Treatment Market
Neuralgia Market
Acute diffuse demyelination treatment market
Electrically Insulated Varnish Market
Industrial Battery Market
Weakness Attack Drug Market
HVAC (Heating, Ventilation, and Air Conditioning) Control Market

Share your love
Christophe Rude

Christophe Rude

Articles: 15890

Leave a Reply

Your email address will not be published. Required fields are marked *