Coating Equipment - Global Market Outlook (2018-2027)
According to Stratistics MRC, the Global Coating Equipment Market is accounted for $20.40 billion in 2018 and is expected to reach $38.46 billion by 2027 growing at a CAGR of 7%. Rising demand from growing end-use industries and need for replacement of existing coating systems are likely to boost the growth of the market. However, Availability of low-cost alternatives for some applications is likely to hamper the profit boundaries.
Coating is a covering that is applied on a surface to improve its functional or aesthetic properties. Paints are a major type of coatings. Paints are used in a wide variety of applications in automotive, industrial, building & construction, marine, medical, electrical & electronics, utility, and oil & gas sectors. Coatings are applied on all kinds of substrates including polymers, glasses, metals, and ceramics. The use of coatings is increasing all over the world as companies are adopting a prevention-based approach in order to decrease the costs incurred by rusting of equipment. A wide range of techniques to apply coatings on a substrate, which use different equipment, are available. A good coating equipment device ensures that there is even distribution of the coating material over the substrate, proper mixing of different components of the material being coated, optimum drying, and presence of an efficient exhaust system to remove the residual solvent vapors. Rising consumption of coatings across the world is likely to, in turn, raise the demand for coating equipment in the next few years.
Based on the end user, the aerospace industry is projected to register the fastest-growth during the forecast period. Strong growth of the aerospace industry and development of new aerospace coatings are the factors boosting the growth of the coating equipment market in this segment.
By geography, Asia Pacific is projected to be the fastest-growing coating equipment market. High population growth, industrial development, increase in demand for automobiles, and growing demand for coatings with better efficiency in the region is driving the coating equipment market. The market in the region is witnessing significant growth due to the presence of growing economies
Some of the key players in the Silver Enamel market include Wiwa Wilhelm Wagner GmbH, Tritech Industries Inc , Titan Tool, Sata GmbH & Co Kg, OC Oerlikon Corporation AG, Nordson Corporation, Ningbo Dino-Power Machinery, Larius, J Wagner GmbH , Ingersoll-Rand, IHI Corporation, Graco Inc, Carlisle Companies, Asahi Sunac Corporation and Anest Iwata.
• Specialty Coating Equipment
• Powder Coating Equipment
• Liquid Coating Equipment
• Thermal Spray Equipment
• Other Types
End Users Covered:
• Building & Infrastructure
• Automotive & Transportation
• Other End Users
• North America
o Rest of Europe
• Asia Pacific
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2017, 2018, 2019, 2023 and 2027
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic analysis: Drivers and Constraints, Product/Technology Analysis, Porter’s five forces analysis, SWOT analysis etc.
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
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