Global Coating Equipment Market Is Expected To Reach Around USD 31.32 Billion By 2025

26-Jul-2019 | Zion Market Research

Zion Market Research has published a new report titled “Coating Equipment Market by Coating Type (Powder, Liquid, and Specialty) and by End-Use Industry (Automotive & Transportation, Aerospace, Industrial, Building & Construction, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025”. According to the report, the global coating equipment market was USD 20.40 billion in 2018 and is expected to reach around USD 31.32 billion by 2025, at a CAGR of 6.3% between 2019 and 2025.

Coating equipment offers anti-condensation and anti-thermal properties to any surface. This coating equipment enhances the object’s critical properties and forms a protective barrier against corrosion of the surface that occurs due to the surface’s reaction with the various elements present in the external environment. The global coating equipment market is likely to experience significant growth over the upcoming years, owing to the rising demand for innovative and improved coating equipment products across various industrial sectors and growing demand for coating equipment by automotive, aerospace, industrial, building and construction, and marine industries. Additionally, rising awareness regarding energy conservation among global consumers, an increasing number of construction projects across the world are also fueling the global coating equipment market. Robust industrialization and easy availability of raw materials are also expected to increase the demand for coating equipment in the years to come. However, the availability of low-cost alternatives for some applications may act as a restraining factor and hamper the coating equipment market development globally.

Browse the full “Coating Equipment Market by Coating Type (Powder, Liquid, and Specialty) and by End-Use Industry (Automotive & Transportation, Aerospace, Industrial, Building & Construction, and Others): Global Industry Perspective, Comprehensive Analysis, and Forecast, 2018–2025” Report at https://www.zionmarketresearch.com/report/coating-equipment-market

The global coating equipment market is mainly fragmented based on coating type and end-use industry. On the basis of coating type, the global coating equipment market is divided into powder, liquid, and specialty. The specialty coating segment is anticipated to show the highest CAGR in the global market over the forecast timeline. Based on end-use industry, the global coating equipment market is mainly classified into automotive and transportation, industrial, aerospace, building and construction, and others. In 2018, the industrial segment dominated the global coating equipment market. The aerospace segment is expected to register the highest CAGR in the upcoming years.

In 2018, the Asia Pacific region held the largest share of the coating equipment market globally. This regional dominance can be mainly attributed to the rapidly flourishing marine and aerospace industries in the region, rapid urbanization, and swift industrialization. Moreover, the Asia Pacific coating equipment market is anticipated to be the fastest growing region over the forecast time period, owing to the developing automotive industry across the region. China, Japan, and India are likely to be the rapidly growing countries in the region’s coating equipment market in the future.

Some major players of the global coating equipment market are IHI Corporation, Nordson Corporation, Sata, OC Oerlikon Corporation, Asahi Sunac, Anest Iwata, Graco, J. Wagner, Wiwa Wilhelm Wagner, Carlisle Companies, Larius, Tritech Industries, Ningbo Dino-Power Machinery, Titan Tool, W.I.T. S.R.L., Ingersoll-Rand, Exel Industries, and Han Shin Painting System.

This report segments the global coating equipment market into:

Global Coating Equipment Market: Coating Type Analysis

  • Powder Coating
  • Liquid Coating
  • Specialty Coating

Global Coating Equipment Market: End-Use Industry Analysis

  • Automotive and Transportation
  • Aerospace
  • Industrial
  • Building and Construction
  • Others

Global Coating Equipment Market: Regional Analysis

  • North America
    • The U.S.
  • Europe
    • UK
    • France
    • Germany
  • Asia Pacific
    • China
    • Japan
    • India
  • Latin America
    • Brazil
  • The Middle East and Africa

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