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Global E-coat Market Share, Size, Growth, Analysis, Forecast: By Type: Cathodic, Anodic; By Technology: Epoxy Coating Technology, Acrylic Coating Technology, By Application: Heavy-Duty Equipment, Appliances, Automotive Parts and Accessories, Commercial Vehicles, Passenger Cars, Others; Regional Analysis; Competitive Landscape; 2023-2028
Global E-coat Market Outlook
The global e-coat market size attained a value of USD 4.04 billion in 2022. The market is further expected to grow at a CAGR of 5.40% between 2023 and 2028, to reach a value of USD 5.48 billion by 2028.
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Key Trends in the Market
E coat, also known as e-coating, electro coating, or electrodeposition coating, or electropainting, refers to the process of painting in which electric current is used to deposit paint upon a surface. In this process, paint particles are submerged in a fluid bath which are exposed to oppositely charged metal plate, which leads to a strong attraction between metal plate and paint particles, resulting in the pain particles attaching to the metal plate.
- The rising demand for e coats in agriculture equipment, marine components, transformers, lawn and garden equipment, and furniture, among other appliances, is driving the global e-coat market growth.
- E coat ensures high-quality finish with great consistency. In this regard, the increasing demand for e coats across the industrial sector, to provide superior coating to the components in sectors such as oil and gas, automotive, food, and aerospace, among others, is fuelling the growth of the e coat market.
- The rising investments by major market players aimed towards expanding the technical possibilities and to carry out product innovations are expected to be the key e-coat market trends, bolstering the applications of e coating.
Market Analysis
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Based on type, the market is bifurcated into cathodic and anodic. On the basis of technology, the market is classified into epoxy coating technology and acrylic coating technology. By application, the market is segmented into heavy-duty equipment, appliances, automotive parts and accessories, commercial vehicles, and passenger cars, among others. The regional markets for e-coat can be divided into North America, Europe, the Asia Pacific, Latin America, and the Middle East and Africa.
The comprehensive EMR report provides an in-depth assessment of the market based on the Porter's five forces model along with giving a SWOT analysis. The report gives a detailed analysis of the following key players in the global e-coat market, covering their competitive landscape and latest developments like mergers, acquisitions, investments and expansion plans.
- Hawking Electrotechnology Limited
- HE Orr Company
- Greenkote PLC
- B.L. Downey Company LLC
- Axalta Coating Systems, LLC
- Lippert
- PPG Industries, Inc.
- BASF SE
- Henkel AG & Co. KGaA
- Others
Market Share by Technology
The epoxy coating technology segment, based on technology, accounts for a healthy e coat market share. Epoxy coating comes with significant advantages such as resistance to UV rays, heat, and abrasion. It is also corrosion resistant which makes it ideal for automobiles and consumer electronics. It is also an excellent insulator which protects different parts of an electronic component against moisture, dirt, or dust. Moreover, epoxy coating is easy to clean with an exceptional coating strength, which is further fuelling the growth of this segment, and augmenting the e coat market price.
Meanwhile, the acrylic coating technology segment is expected to witness a healthy growth in the forecast period, owing to its versatility, quick drying ability, high solubility in water, and low costs compared to its counter parts.
Market Share by Application
Based on application, the automotive parts and accessories segment accounts for a significant share in the e-coat market. High-quality finishing and easy maintenance of automobiles play a pivotal role in this sector. The growing popularity of aesthetically superior automotive vehicles are increasing the application of e coats in automotive parts and accessories. Over the forecast period, the anticipated increase in the sale of electric and hybrid electric vehicles is expected to bolster the growth of this segment and the overall e coat market size. On the other hand, the heavy-duty equipment is expected to generate a decent revenue in the forecast period, owing to the increasing demand for these equipment across industrial plants in the emerging economies.
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Competitive Landscape
Hawking Electrotechnology Limited is a metal finisher company which was established in the year 1985 and is headquartered in Brierley Hill, United Kingdom. This company manufactures and markets specialist electrophoretic coating systems with facilities in around 30 countries across the world. The product portfolio of this company includes high-end e coats such as ALPHACLAD CB105, ALPHACLAD AN, and ALPHACLAD XL6000 SERIES.
HE Orr Company is a leading powder coating and e coating manufacturer which has a network of OEMs and automakers. The company caters to the coating demands of automotive and agriculture sectors and has an established presence in the US e-coat market. It was founded in the year 1957 and is currently headquartered in Ohio in the United States.
Greenkote PLC is a prominent manufacturer of high-end environment friendly metal coatings which cater to the demands of automotive, infrastructure, information technology, and precious metals sectors, among others. This company offers thermal diffusion coating technology with patented corrosion-blocking system. Greenkote was founded 1999 and is currently headquartered in Ohio, United States.
Other market players include B.L. Downey Company LLC, Axalta Coating Systems, LLC, Lippert, PPG Industries, Inc., BASF SE, and Henkel AG & Co. KGaA, among others.
Key Highlights of the Report
| REPORT FEATURES | DETAILS |
|---|---|
| Base Year | 2022 |
| Historical Period | 2018-2022 |
| Forecast Period | 2023-2028 |
| Scope of the Report |
Historical and Forecast Trends, Industry Drivers and Constraints, Historical and Forecast Market Analysis by Segment:
|
| Breakup by Type |
|
| Breakup by Technology |
|
| Breakup by Application |
|
| Breakup by Region |
|
| Market Dynamics |
|
| Competitive Landscape |
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| Companies Covered |
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*At Expert Market Research, we strive to always give you current and accurate information. The numbers depicted in the description are indicative and may differ from the actual numbers in the final EMR report.
1 Preface
2 Report Coverage – Key Segmentation and Scope
3 Report Description
3.1 Market Definition and Outlook
3.2 Properties and Applications
3.3 Market Analysis
3.4 Key Players
4 Key Assumptions
5 Executive Summary
5.1 Overview
5.2 Key Drivers
5.3 Key Developments
5.4 Competitive Structure
5.5 Key Industrial Trends
6 Market Snapshot
6.1 Global
6.2 Regional
7 Opportunities and Challenges in the Market
8 Global E-Coat Market Analysis
8.1 Key Industry Highlights
8.2 Global E-coat Historical Market (2018-2022)
8.3 Global E-Coat Market Forecast (2023-2028)
8.4 Global E-Coat Market by Type
8.4.1 Cathodic
8.4.1.1 Market Share
8.4.1.2 Historical Trend (2018-2022)
8.4.1.3 Forecast Trend (2023-2028)
8.4.2 Anodic
8.4.2.1 Market Share
8.4.2.2 Historical Trend (2018-2022)
8.4.2.3 Forecast Trend (2023-2028)
8.5 Global E-Coat Market by Technology
8.5.1 Epoxy Coating Technology
8.5.1.1 Market Share
8.5.1.2 Historical Trend (2018-2022)
8.5.1.3 Forecast Trend (2023-2028)
8.5.2 Acrylic Coating Technology
8.5.2.1 Market Share
8.5.2.2 Historical Trend (2018-2022)
8.5.2.3 Forecast Trend (2023-2028)
8.6 Global E-Coat Market by Application
8.6.1 Heavy-Duty Equipment
8.6.1.1 Market Share
8.6.1.2 Historical Trend (2018-2022)
8.6.1.3 Forecast Trend (2023-2028)
8.6.2 Appliances
8.6.2.1 Market Share
8.6.2.2 Historical Trend (2018-2022)
8.6.2.3 Forecast Trend (2023-2028)
8.6.3 Automotive Parts and Accessories
8.6.3.1 Market Share
8.6.3.2 Historical Trend (2018-2022)
8.6.3.3 Forecast Trend (2023-2028)
8.6.4 Commercial Vehicles
8.6.4.1 Market Share
8.6.4.2 Historical Trend (2018-2022)
8.6.4.3 Forecast Trend (2023-2028)
8.6.5 Passenger Cars
8.6.5.1 Market Share
8.6.5.2 Historical Trend (2018-2022)
8.6.5.3 Forecast Trend (2023-2028)
8.6.6 Others
8.7 Global E-Coat Market by Region
8.7.1 North America
8.7.1.1 Market Share
8.7.1.2 Historical Trend (2018-2022)
8.7.1.3 Forecast Trend (2023-2028)
8.7.2 Europe
8.7.2.1 Market Share
8.7.2.2 Historical Trend (2018-2022)
8.7.2.3 Forecast Trend (2023-2028)
8.7.3 Asia Pacific
8.7.3.1 Market Share
8.7.3.2 Historical Trend (2018-2022)
8.7.3.3 Forecast Trend (2023-2028)
8.7.4 Latin America
8.7.4.1 Market Share
8.7.4.2 Historical Trend (2018-2022)
8.7.4.3 Forecast Trend (2023-2028)
8.7.5 Middle East and Africa
8.7.5.1 Market Share
8.7.5.2 Historical Trend (2018-2022)
8.7.5.3 Forecast Trend (2023-2028)
9 North America E-Coat Market Analysis
9.1 United States of America
9.1.1 Market Share
9.1.2 Historical Trend (2018-2022)
9.1.3 Forecast Trend (2023-2028)
9.2 Canada
9.2.1 Market Share
9.2.2 Historical Trend (2018-2022)
9.2.3 Forecast Trend (2023-2028)
10 Europe E-Coat Market Analysis
10.1 United Kingdom
10.1.1 Market Share
10.1.2 Historical Trend (2018-2022)
10.1.3 Forecast Trend (2023-2028)
10.2 Germany
10.2.1 Market Share
10.2.2 Historical Trend (2018-2022)
10.2.3 Forecast Trend (2023-2028)
10.3 France
10.3.1 Market Share
10.3.2 Historical Trend (2018-2022)
10.3.3 Forecast Trend (2023-2028)
10.4 Italy
10.4.1 Market Share
10.4.2 Historical Trend (2018-2022)
10.4.3 Forecast Trend (2023-2028)
10.5 Others
11 Asia Pacific E-Coat Market Analysis
11.1 China
11.1.1 Market Share
11.1.2 Historical Trend (2018-2022)
11.1.3 Forecast Trend (2023-2028)
11.2 Japan
11.2.1 Market Share
11.2.2 Historical Trend (2018-2022)
11.2.3 Forecast Trend (2023-2028)
11.3 India
11.3.1 Market Share
11.3.2 Historical Trend (2018-2022)
11.3.3 Forecast Trend (2023-2028)
11.4 ASEAN
11.4.1 Market Share
11.4.2 Historical Trend (2018-2022)
11.4.3 Forecast Trend (2023-2028)
11.5 Australia
11.5.1 Market Share
11.5.2 Historical Trend (2018-2022)
11.5.3 Forecast Trend (2023-2028)
11.6 Others
12 Latin America E-Coat Market Analysis
12.1 Brazil
12.1.1 Market Share
12.1.2 Historical Trend (2018-2022)
12.1.3 Forecast Trend (2023-2028)
12.2 Argentina
12.2.1 Market Share
12.2.2 Historical Trend (2018-2022)
12.2.3 Forecast Trend (2023-2028)
12.3 Mexico
12.3.1 Market Share
12.3.2 Historical Trend (2018-2022)
12.3.3 Forecast Trend (2023-2028)
12.4 Others
13 Middle East and Africa E-Coat Market Analysis
13.1 Saudi Arabia
13.1.1 Market Share
13.1.2 Historical Trend (2018-2022)
13.1.3 Forecast Trend (2023-2028)
13.2 United Arab Emirates
13.2.1 Market Share
13.2.2 Historical Trend (2018-2022)
13.2.3 Forecast Trend (2023-2028)
13.3 Nigeria
13.3.1 Market Share
13.3.2 Historical Trend (2018-2022)
13.3.3 Forecast Trend (2023-2028)
13.4 South Africa
13.4.1 Market Share
13.4.2 Historical Trend (2018-2022)
13.4.3 Forecast Trend (2023-2028)
13.5 Others
14 Market Dynamics
14.1 SWOT Analysis
14.1.1 Strengths
14.1.2 Weaknesses
14.1.3 Opportunities
14.1.4 Threats
14.2 Porter’s Five Forces Analysis
14.2.1 Supplier’s Power
14.2.2 Buyer’s Power
14.2.3 Threat of New Entrants
14.2.4 Degree of Rivalry
14.2.5 Threat of Substitutes
14.3 Key Indicators for Demand
14.4 Key Indicators for Price
15 Value Chain Analysis
16 Competitive Landscape
16.1 Market Structure
16.2 Company Profiles
16.2.1 Hawking Electrotechnology Limited
16.2.1.1 Company Overview
16.2.1.2 Product Portfolio
16.2.1.3 Demographic Reach and Achievements
16.2.1.4 Certifications
16.2.2 HE Orr Company
16.2.2.1 Company Overview
16.2.2.2 Product Portfolio
16.2.2.3 Demographic Reach and Achievements
16.2.2.4 Certifications
16.2.3 Greenkote PLC
16.2.3.1 Company Overview
16.2.3.2 Product Portfolio
16.2.3.3 Demographic Reach and Achievements
16.2.3.4 Certifications
16.2.4 B.L. Downey Company LLC
16.2.4.1 Company Overview
16.2.4.2 Product Portfolio
16.2.4.3 Demographic Reach and Achievements
16.2.4.4 Certifications
16.2.5 Axalta Coating Systems, LLC
16.2.5.1 Company Overview
16.2.5.2 Product Portfolio
16.2.5.3 Demographic Reach and Achievements
16.2.5.4 Certifications
16.2.6 Lippert
16.2.6.1 Company Overview
16.2.6.2 Product Portfolio
16.2.6.3 Demographic Reach and Achievements
16.2.6.4 Certifications
16.2.7 PPG Industries, Inc.
16.2.7.1 Company Overview
16.2.7.2 Product Portfolio
16.2.7.3 Demographic Reach and Achievements
16.2.7.4 Certifications
16.2.8 BASF SE
16.2.8.1 Company Overview
16.2.8.2 Product Portfolio
16.2.8.3 Demographic Reach and Achievements
16.2.8.4 Certifications
16.2.9 Henkel AG & Co. KGaA
16.2.9.1 Company Overview
16.2.9.2 Product Portfolio
16.2.9.3 Demographic Reach and Achievements
16.2.9.4 Certifications
16.2.10 Others
17 Key Trends and Developments in the Market
List of Key Figures and Tables
1. Global E-Coat Market: Key Industry Highlights, 2018 and 2028
2. Global E-coat Historical Market: Breakup by Type (USD Million), 2018-2022
3. Global E-Coat Market Forecast: Breakup by Type (USD Million), 2023-2028
4. Global E-coat Historical Market: Breakup by Technology (USD Million), 2018-2022
5. Global E-Coat Market Forecast: Breakup by Technology (USD Million), 2023-2028
6. Global E-coat Historical Market: Breakup by Application (USD Million), 2018-2022
7. Global E-Coat Market Forecast: Breakup by Application (USD Million), 2023-2028
8. Global E-coat Historical Market: Breakup by Region (USD Million), 2018-2022
9. Global E-Coat Market Forecast: Breakup by Region (USD Million), 2023-2028
10. North America E-coat Historical Market: Breakup by Country (USD Million), 2018-2022
11. North America E-Coat Market Forecast: Breakup by Country (USD Million), 2023-2028
12. Europe E-coat Historical Market: Breakup by Country (USD Million), 2018-2022
13. Europe E-Coat Market Forecast: Breakup by Country (USD Million), 2023-2028
14. Asia Pacific E-coat Historical Market: Breakup by Country (USD Million), 2018-2022
15. Asia Pacific E-Coat Market Forecast: Breakup by Country (USD Million), 2023-2028
16. Latin America E-coat Historical Market: Breakup by Country (USD Million), 2018-2022
17. Latin America E-Coat Market Forecast: Breakup by Country (USD Million), 2023-2028
18. Middle East and Africa E-coat Historical Market: Breakup by Country (USD Million), 2018-2022
19. Middle East and Africa E-Coat Market Forecast: Breakup by Country (USD Million), 2023-2028
20. Global E-Coat Market Structure
Key Questions Answered in the Report
The market size reached a value of USD 4.04 billion in 2022.
The market is estimated to grow at a CAGR of 5.40% between 2023 and 2028.
The market is estimated to witness a healthy growth in the forecast period of 2023-2028 to reach a value of USD 5.48 billion by 2028.
The rising application of e-coats across various appliances and products of the marine, agriculture, and electronics sector, growing demand for high-end and consistent coatings in the industrial sector, and technological advancements in the automotive sector are the major drivers of the market.
The key trends in the market include the growing awareness about the advantages of epoxy coatings and rising investments by the major market players aimed towards producing innovative e coats.
The thickness of e coating can last from 18 to 28 microns.
Cathodic and anodic are the different types in the market.
Epoxy coating technology and acrylic coating technology are the primary technologies in the market.
Heavy-duty equipment, appliances, automotive parts and accessories, commercial vehicles, and passenger cars, among others, are the different applications of e-coating in the market.
Hawking Electrotechnology Limited, HE Orr Company, Greenkote PLC, B.L. Downey Company LLC, Axalta Coating Systems, LLC, Lippert, PPG Industries, Inc., BASF SE, and Henkel AG & Co. KGaA, among others, are the key players in the global e-coat market, according to the report.
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