Coating Equipment Market Size is Grow USD 16.10 Billion at a CAGR of 6.2%, Growing demand from end-use industries | Reports and Data

Coating Equipment Market
Coating Equipment Market

The growing demand from application industries and high demand for powder coatings are driving the need for the market.

The global Coating Equipment market is forecast to reach USD 25.25 Billion by 2027, according to a new report by Reports and Data. The size of the coating equipment market is projected to experience a surge in demand due to increased end-use applications in various industries like aerospace, automotive, manufacturing, transport, and construction. An increase in car sales along with an increasing population, a rapid boom in the infrastructure industry, and increased consumer buying power in emerging economies would improve the market. Heavy machinery used in various sectors utilizes different layering techniques to provide tool protection from corrosion, abrasion, rusting, and wear & tear, which would, in turn, increases the lifetime of these tools. Growing industrialization in developing nations’ construction and manufacturing industries would improve the demand. Increasing layering use in household appliances, vehicles, and bicycles would ensure more product development.

Robust demand growth due to increased government spending, rapid population growth, and ongoing progress on infrastructure projects in Middle Eastern economies is likely to increase commodity usage in the residential sector. Africa ‘s residential industry is projected to see growth due to increased foreign direct investment and increased consumer purchasing willingness.

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Top Key Players: Castolin Eutectic, Praxair S. T. Technology, Inc., J Wagner GmbH, Asahi Sunac Corporation, Anest Iwata, Graco Inc, C Oerlikon Corporation AG, Sata GmbH & Co.Kg, Sulzer Ltd, and Nordson Corporation, among others.

 

Further key findings from the report suggest:

Specialty coating systems are used for the application of specialty coatings. These include PVD and CVD devices and, among others, thermal sprays. The need for this equipment is growing in the developing countries of APAC and the Middle East & Africa due to the growing demand for long-lasting protective layers in several products.

In the following years, aerospace is expected to record the fastest growth. The steady growth of the aerospace industry and the production of new aerospace coatings are factors that fuel the growth of this segment ‘s demand for coating machines.

APAC is expected to be the fastest-growing market for coating appliances. The market is driven by high population growth, industrial development, increased demand for automobiles, and rising demand for coatings with better performance in the region. The region’s market is seeing tremendous growth owing to the emergence of growing economies like India, China, and ASEAN countries like Thailand and Indonesia.

Regional Outlook

  • North America (U.S., Canada)
  • Europe (U.K., Italy, Germany, France, Rest of EU)
  • Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
  • Latin America (Chile, Brazil, Argentina, Rest of Latin America)
  • The Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)

To know more about the report: https://www.reportsanddata.com/report-detail/coating-equipment-market

Market Segmnetation:

Product Outlook (Revenue, USD Billion; 2017-2027)

  • Specialty coating equipment
  • Powder coating equipment
  • Liquid coating equipment

Distribution Channel Outlook (Revenue, USD Billion; 2017-2027)

  • Wholesale and Distributor Business Trend
  • Retail Distribution Channel

Application Outlook (Revenue, USD Billion; 2017-2027)

  • Automotive
  • Aerospace
  • Construction
  • Industrial
  • Others

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Table of Contents:

Report Overview

1.1 Research Scope

1.2 Key Coating Equipment market segments

1.3 Major players

1.4 Market analysis by product type

1.5 Market analysis by application

1.6 Report timeline

 Global Growth Trends

2.1 Global Coating Equipment market size

2.2 Latest regional market trends

2.3 Emerging growth trends

 Competitive Outlook

3.1 Global Coating Equipment market key players

3.2 Global Coating Equipment size by manufacturers

3.3 Products of major players

3.4 Entry barriers in the Coating Equipment market

3.5 Mergers, acquisitions, joint ventures, and other strategic alliances

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