EPA promulgated the Electroplating regulation (40 CFR Part 413) in 1974 and amended it in 1977, 1979, 1981 and 1983. The regulation applies to certain facilities that discharge their wastes to POTWs. The requirements are incorporated into permits or other control mechanisms for indirect dischargers.
The article cited AMA's "Global E-Coat Market Study" explored CAGR of 20.3%. According to the report, Rising Consumers Interest and Spending Money on Sports and Recreation Equipment is one of the primary growth factors for the market. Growing Housing and Construction Sector Coupled With Refurbishment
is also expected to contribute significantly to the E-Coat market. Overall, Passenger Cars
applications of E-Coat, and the growing awareness of them, is what makes this segment of the industry important to its overall growth. The Technology, such as Epoxy Coating, is boosting the E-Coat market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.The Process, such as Pretreatment, is boosting the E-Coat market. Additionally, the rising demand from SMEs and various industry verticals, macro-economic growth are the prime factors driving the growth of the market.
New technologies and major shifts in the industry will be game-changing factors that all players have to react now in order to maintain strong positions in the future. As many industry experts agree that significant changes are ahead. AMAs Analyst on the Global E-Coat market identified that the demand is rising in many different parts of the world as "Rising Agricultural Equipment Industry
". Furthermore, some recent industry insights like "In 2023, Axalta Coating Systems wins AquaEC Flex Broad Bake Electrocoat was awarded a 2023 BIG Innovation Award by the Business Intelligence Group (BIG). The annual business awards program honors organizations, products, and individuals who bring fresh ideas to life in novel ways. and In 2020, Axalta launched a new cathodic tin-free electrocoat primer to its Industrial Coatings range. AquaECT 3500 EP is based on Axalta's next generation, tin-free electrocoat technology and has been specifically formulated to meet the evolving needs of its customers in the automotive parts and accessories, agriculture, construction and earthmoving equipment (ACE), general industry, and industrial job coaters." which is constantly making the industry very dynamic.
The report provides an in-depth analysis and forecast about the industry covering the following key features: o Industry outlook including current and future market trends, drivers, restraints, and emerging technologies o Analyses the Global E-Coat market according to Type, Application, and regions o Analyzes the top 10 players in terms of market reach, business strategy, and business focus o Provides stakeholders insights and key drivers & trends of the market
**The market is valued based on weighted average selling price (WASP) and includes any applicable taxes on manufacturers. All currency conversions used in the creation of this report have been calculated using constant annual average 2023 currency rates.
Market Size Estimation In market engineering method, both top-down and bottom-up approaches have been used, along with various data triangulation process, to predict and validate the market size of the E-Coat market and other related sub-markets covered in the study.
o Key & emerging players in the market have been observed through secondary research. o The industrys supply chain and overall market size, in terms of value, have been derived through primary and secondary research processes. o All percentage shares, splits, and breakdowns have been determined using secondary sources and verified through primary sources.
Data Triangulation The overall E-Coat market size is calculated using market estimation process, the E-Coat market was further split into various segments and sub-segments. To complete the overall market engineering and arriving at the exact statistics for all segments and sub-segments, the market breakdown and data triangulation procedures have been utilized, wherever applicable. The data have been triangulated by studying various influencing factors and trends identified from both demand and supply sides of various applications involved in the study. Along with this, the Global E-Coat market size has been validated using both top-down and bottom-up approaches.