E-COAT MARKET ANALYSIS

Market News

Key Developments

• In March 2019, PPG Industries, Inc. launched PPG POWERCRON 160 e-coat, an anionic epoxy coating having low volatile organic compound (VOC) content. The product was launched in North American market. The product is launched for automotive, casting, and heavy duty equipment manufacturers.
• In July 2018, PPG Industries, Inc. launched its new e-coat primer, PPG Enviro-Prime 8000, in Chinese market. The product is launched for automotive original equipment manufacturers. The new product launch will help PPG Industries to expand its market presence in China’s e-coat market.
• In 2017, BASF SE announced to invest US$ 40 million for expansion of its automotive coatings production facilities based in North America. The investments will be used in expansion of plants based in Greenville, Ohio and Tultitlan, Mexico. The Greenville plant produces electro coat emulsions. The increased capacity will help company to meet the increasing demand for automotive coatings.
• In 2017, Sherwin-Williams Company acquired The Valspar Corporation. The acquisition helped Sherwin-Williams to strengthen its position in paints and coatings market.