Internet Of Things (Iot) Is Fastest Growing Segment Fueling The Growth Of E-Coat Market
The global e-coat market is estimated to be valued at US$ 3.90 Bn in 2023 and is expected to exhibit a CAGR of 5.5% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights. Market Overview: E-coat protects automobile bodies during the assembly process from corrosion under the heaviest of conditions. It provides an even coating of protective paint on all interior and exterior surfaces without overspray during application. Market key trends: One of the key trends in the e-coat market is the increasing adoption of multi-layer e-coat process. The multi-layer e-coat process involves applying more than one layer of e-coat to the substrate. This enhances the overall protection level, appearance, and corrosion resistance. Automotive OEMs are increasingly adopting the multi-layer e-coat process as it provides durable protection for vehicles and meets stringent environmental regulations. Segment Analysis The global E-Coat market is segment...