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Market Synopsis of E-Coat Market:The Global E-Coat Market has experienced a remarkable growth over the last decade and it has been analyzed that the global market will achieve the same growth during the forecast period. As per MRFR analysis, the Global E-Coat Market is accounted to reach USD 4.1 billion by 2022 with a CAGR of 5.1%. The major factors which are driving the global market are rapidly increasing number of vehicles, high physical strengths with superior properties, green environment regulations, low cost of coating, emerging economies and others. The rising demand from the agriculture sector has created a new platform for the E-Coat Market, and rising demand of automotive has enhanced the demand. However, there would be an ample opportunities for the overall growth of the global market. Geographically, Asia-Pacific has accounted the largest market share in 2015 and expected to lead the market during the forecast period.
Market Highlights:
Over the past few years, the global market has seen a substantial growth due to increasing demand of E-Coat. This has resulted into a higher growth rate at the end of forecasted period. As per the market analysis, different factors have created boom in the Global E-Coat Market are rapidly increasing number of vehicles, high physical strengths with superior properties, green environment regulations, low cost of coating, emerging economies and others.
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Regional Analysis:
“Asia-Pacific is projected to be the largest market during the forecast period”
Geographically, Asia-Pacific is expected to be the largest market for e-coat and accounting more than XX% of the total market. However, the emerging market such as China, where the rapid increasing population has become a major driving factor. Along with this, the increasing demand of E-Coat from the application segment and government support and subsidies have been a major growing factors which has fueled the demand for e-coat in the regional market. Followed by this Europe is expected to be the second ruling region and North America would be the third ruling region.
Scope of the study:
The scope of the study categorizes the E-Coat Market as product type and application.
By Product Type
• Anodic E-Coat
• Cathodic E-Coat
By Application
• Personal Vehicles
• Commercial Vehicles
• Automotive Accessories
• Heavy Vehicles
• Others
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Key Players for E-Coat Market:
Some of the key players in this market are Ad-Tech Industries Inc., Axalta Coating Systems, Nippon Paint Holdings, Beacon Industries, Inc., BASF SE, PPG Industries, KCC Corporation, Valspar Corporation, Noroo Paint & Coatings, Hawking Electrotechnology and others.
Key Points from Table of Contents:
10. Company Profiles
10.1 Ad-Tech Industries Inc
10.1.1 Overview
10.1.2 Financials
10.1.3 Product Portfolio
10.1.4 Business Strategies
10.1.5 Recent Development
10.2 Axalta Coating Systems
10.2.1 Overview
10.2.2 Financials
10.2.3 Product Portfolio
10.2.4 Business Strategies
10.2.5 Recent Development
10.3 Nippon Paint Holdings
10.3.1 Overview
10.3.2 Financials
10.3.3 Product Portfolio
10.3.4 Business Strategies
10.3.5 Recent Development
10.4 Beacon Industries, Inc
10.4.1 Overview
10.4.2 Financials
10.4.3 Product Portfolio
10.4.4 Business Strategies
10.4.5 Recent Development
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Release ID: 239144