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Key Market Drivers of E-Coat Market – Analysis, Size and Share Report by Radiant Insights

Key Market Drivers of E-Coat Market – Analysis, Size and Share Report by Radiant Insights

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Radiant Insights has announced the addition of “Global E-Coat Market Research Report 2021” Market Research report to their database

E-coat or electro-coat is an immersion technique in which electrically charged particles are deposited out of a water suspension in order to coat a conductive part. The coat thickness is controlled by the applied voltage. The fundamentals principle of e-coat technology is based on the ability of opposite charges to attract. E-coat technique is employed for uniform coating of interior and exterior surfaces. Low volatile organic compound products are used in e-coat as they give off no hazardous air pollutants.

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An additional environmental advantage of e-coat materials is that they produce very less solid waste compared to other coating techniques. The global e-coat market has witnessed a decent growth in 2015 and it is expected to continue the same trend during the forecast period. Housing and construction sector along with refurbishment trends act as the main market drivers of e-coat market because of the growing demands for residential buildings, commercial apartments and educational institutions that require both architectural and decorative coatings. 

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Improvement in the number of employees in various organizations is a market driver as it demands more number of transportation facilities such as buses, trailers, rails and auto mobiles which in turn has boosted the e-coat market. The rising demand for electronic gadgets such as mobile phones, laptops, computers and accessories have also boosted the e-coat market. Growing demand of household appliances such as washers/dryers, refrigerators, and dryers as a result of urbanization and dispensable income are another key market drivers of e-coat market. 

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Regulatory pressures also act as a market driver of e-coat as they recommend for low volatile organic compounds. Higher costs of traditional solvent are another significant factor that triggers e-coat market. Consumer’s interest and spending money on sports and recreation equipment are also considered as e-coat market drivers. The global E-coat market is segmented on the basis of type, application and geography. On the basis of type, the global e-coat market is segmented into cathodic epoxy and cathodic acrylic.

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