Electrocoating or E-coating is a process in which a metal is submerged in a water-based solution containing a paint emulsion, following which an electric voltage is applied to the metal enabling the paint emulsion to abridge on top of the part. The metal part can be painted both inside and out, wherever the liquid is able to reach a metal surface. As areas of high voltage build a coating, they take the form of insulators, thus allowing the lower voltage areas to build up. The interior of the metal part is then coated as the exterior part is completely insulated by the coating. Following the painting of the tank, a rinse tank eradicates the residual emulsion from the metal part and recycles it back to the paint tank by the process of ultrafiltration. Additionally, the E-Coat is cured by heating process while the curing time and temperature is finalized by the epoxy, acrylic, etc.
The primary advantage of the E-coating is the ease of recuperating the E-coat that gets carried by the parts to the rinse tank of E-Coating. The E-coat rinse is regularly filtered through an ultrafiltration unit which splits the E-coat emulsion from the carrier solution and then sends it to the E-coat tank.
E-Coat Market Taxonomy
On the basis of product type, the global E-Coat market is classified into:
On the basis of application, the global E-Coat market is classified into:
Rising application in the automotive industry to fuel growth of E-coat market
With constantly evolving automotive industry, the demand for various aesthetic properties in the vehicles has been witnessing a subsequent increase. Cathodic acrylic e-coating is increasingly used across various vehicle segments of the automotive industry to provide resistance from corrosion and various other benefits. Cathodic acrylic e-coating provides higher salt spray, humidity resistance along with the cyclic corrosion resistance. Additionally, it also aids in the development of vehicles where light colors are required. Cathodic acrylic e-coat is available in a wide range of glosses and colors to escalate exterior durability and retention of gloss and color.
E-Coat Market Outlook – Superior performance and better properties coupled with increasing technological developments is propelling growth of the market
Growth in housing and construction sector along with rising trends of remodeling in various North American and Western European countries act as the main market drivers of e-coat market. Consequently, recuperation of the construction of housing units also back the amplifying demand for e-coat in the residential buildings, commercial apartments and educational institutions that further augments the demand for architectural along with the decorative coatings. Additionally, growing demand for various household appliances such as washers, dryers and refrigerators on the back of urbanization and rising dispensable income serve as the ancillary drivers of the e-coat market. Geographically, Asia-Pacific and North America are the key regions in the E-Coat market. Growing demand from the automotive industry and rapid infrastructural development coupled with increasing technological developments is the key revenue contributor in these regions. Further, worldwide development in automobile production coupled with the rising trend of dual tone colors in vehicles is supporting growth of the market. Leading companies in the global e-coat market include PPG Industries, Inc., Akzo Nobel N.V, NIPSEA Group, BASF SE, Axalta Coating Systems, Chugoku Marine Paints Ltd, The Valspar Corporation, and The Sherwin-Williams Company.
Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:
In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.
Coherent Market Insights desk research is based on a principle set of research techniques:
Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:
Preliminary Data Mining
The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.
Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.
Coherent Statistical model
We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:
Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.
This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:
The primary research is conducted with the ecosystem players including, but not limited to:
Finding it difficult to find the research that would cater to your business demands? Give us a chance to help you. One of our Research Consultants will connect to provide a customized solution.[email protected]
Talk to our research consultant to design an exclusive report as per your research needs.
We aim to fulfil client's research demands with tailored research solutions.
We aim to provide research studies in quickest turnaround time and in a much cost effective manner.
We cover each industry from supply and demand side with an aim to provide a most holistic research study.
We strive to provide most accurate and reliable research findings in our research reports.