Apart from the aesthetic aspects, the e-coat needs to be protected against mechanical, physical and chemical attack is the reason why we coat the vehicles by means of electrocoating technology. There are verity of demands on e-coatings. The demand for materials for exterior application are different to those for products for interior applications. To fulfil this demand, several types of binders and additives are available. Furthermore, the application technology used depends on both the binder and the market. Improvement in sustainability, reduction of harmful substances and reduction of volatile organic compounds (VOC) are some of the general trends as per the requirement and regulations in global e-coat market. The relative importance of the various trends in e coat market depends on the governmental regulations in regions and on consumer need.

The growth in the COVID-19 analysis on E-Coating Market is primarily be driven by a boom in residential construction activity in the world and growing automotive industry in the Asia Pacific region. In addition to this, increasing spending capacity of people in turn is expected to benefits the major applications in which e-coatings and preservatives are used – namely metals like steel, aluminium, titanium among others.

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E-Coating Market - Regional Analysis:

Asia Pacific region accounted largest market share in the global electrocoating industry and expected to dominate during the forecast period due to rising population, automotive and growing residential and non-residential activities in the region. China being largest consumer, manufacturer and exporter of e-coating. Chinese manufacturers are mostly small manufacturers and some of the prominent manufacturers. India is the second largest consumer in Asia Pacific region. Several initiatives taken by Government of India will support the growth of coating industry in India. One of such initiative is 'Make in India'. This initiative is expected to foster growth in Indian e-coat market by allowing duty rationalization for skill development, feedstock, improving infrastructure and tax incentives for R&D investments. Approval of the GST bill is another key reform which is expected to lower logistics cost by 10-15% and create a unified market across the country.