Electrocoating is an immersion coating process wherein electrically charged particles are deposited out of a water suspension to coat a conductive part. During the process, a positive charge is applied to the paint bath and a negative charge is given to the parts to be coated. The paint particles, which are suspended in water allows an electrical current to transfer from one paint particle to the other till it spreads to the part where the paint particles electrically attached themselves to the surfaces of the part. The coated parts are then processed through a bake oven where the paint is melted onto the part for fusion bonding and then heated to form a hard film to coat the part.
Due to its ability to coat even the most compound parts and assembled products while fulfilling the specific performance requirements, electrocoating is used widely in the industry as a means to coat products in various categories such as appliances, automobiles, automotive parts, transformers, metal office furniture and much more. Low volatile Organic compound products are used in E-coating which provides hazardous air pollutant free products. It has many environmental advantages such as reduced solid wastage, reduction of fire hazard with water base materials; lower the pollutants in waste streams.
Electrocoating market is segmented on the basis of equipment, type, material and applications. On the basis of key types, the market is segmented as cathodic and anodic.
Similarly, the rest of the segments are also divided into sub-segments to give a holistic view of the market. The market has also been analyzed by various geographical regions.
Asia-Pacific is the largest market for E-coat, both in terms of volume and value, followed by Western Europe and North America. Developing countries such as China, India and Brazil are the major consumers of e-coat. The market in countries of Middle East and Africa are growing. In developed countries such as U.S., Spain, Germany, Italy and Japan, the market is growing at a low to moderate rate. The e-coat market size, in terms of volume, is estimated to reach XX Million square meter by 2021, signifying a firm CAGR of over XX % between 2016 and 2021. The e-coat market registered a moderate growth in the past few years and is likely to continue so in the coming years. This growth is driven by the expanding automotive industry in the Asia-Pacific region.
Apart from this, this report also looks into whole value chain, pricing analysis opportunity analysis of this market. This report also covers the major patents and also the constraints and challenges faced by this market. Competitive landscape for each of the product types is highlighted and market players are profiled with attributes of Company Overview, Financial Overview, Business Strategies, Product Portfolio and Recent Developments. The report contains the most detailed and in-depth segmentation of the E-Coat market.