market; thanks to the growing demands for commercial apartments, educational institutions, and
residential buildings that require both - decorative and architectural coatings. The rising demand for
electronic gadgets such as laptops, mobile phones, computers, and accessories are also boosting the
e-coat market.
Growing demand for household appliances such as refrigerators, washers/dryers, and dryers as a
result of urbanization and dispensable income act as another key market driver of e-coat market.
Higher cost of conventional solvent is another significant factor that triggers e-coat market. The E-
coat market is segmented on the basis of type, application and geography.
The “cathodic epoxy” segment is expected to account for the largest market share, with respect to
value. Cathodic epoxy e-coat is the traditional type of e-coat used for providing corrosion resistance
to the appliances. As these coatings exhibit excellent throw power, it makes them a preferred choice
for complex ware packages or parts with cavities or hidden areas that require coating.
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On the basis of application, the e-coat market is segmented into commercial vehicles, passenger cars,
automotive parts & accessories, housing and construction, heavy-duty equipment, appliances,
hardware goods, bulk fasteners, agriculture equipment, aircraft and so on. On the basis of geography,
the e-coat market is segmented into North America, Asia Pacific, Europe, Latin America and Middle
East & Africa.
In the Asia Pacific region, China is expected to play an important role in the years to come; followed
by India. In India, improvement in the standard of living and increased spending on infrastructure
development in the electronics segments are expected to drive the e-coat industry in the Asia Pacific
region.
The key players of E-coat industry are PPG Industries Inc., Axalta Coating Systems, BASF SE, Nippon
Paint Holdings Co. Ltd., Tatung Fine Chemicals Co. Ltd., KCC Corporation, The Valspar Corporation,
Luvata OY, Hawking Electrotechnology Ltd., Noroo paint & Coatings, Allnex S.a r.l., Arkema SA, Nuplex
industries Limited, Cytec Industries Inc., Akzo Nobel N.V., NIPSEA Group, Chugoku Marine Paints Ltd.,
The Sherwin-Williams Company, Koch Membrane Systems Inc. and Metokote Corporation Inc.