Coating Equipment Market

Coating Equipment Market is valued at USD 18.25 Billion in 2021 and is expected to reach USD 27.08 Billion by 2028 with a CAGR of 5.8% over the forecast period.

Global Coating Equipment Market: Global Size, Trends, Competitive, Historical & Forecast Analysis, 2021-2028- Rising Demand from the building and construction industry and growing demand from the automotive sector, industrial, medical sector demand are the major factors driving the growth of the Global Coating Equipment Market.

Scope of Global Coating Equipment Market Report-

Coating equipment is used to cover metal surfaces. These equipments are used to apply the coating depends on the size of the object, the size of the object and other parameters. A coating device is defined as a piece of equipment used for layer coating. Coatings are classified into liquids, powders or special coatings according to the type of coating. These coatings are applied to protect them from rust, spoilage and rust, extending their useful life without the need for maintenance or replacement. The most commonly used method of applying powder coating to metal surfaces is by spraying a powder coating with a corona or a tribo gun. The use of coatings is increasing worldwide as companies rely on prevention-based approaches to reduce equipment corrosion costs. Extensive techniques are available for applying coatings on substrates using various materials.

Covid-19 has also impacted the growth of the coating equipment market due to transportation restrictions supply chain has been totally disturbed and it affected the raw material supply, production, and manufacturing activities of the coating equipment industry.

The global coating equipment market is segmented based on coating type, end-use industry, and geography. Based on coating type, the global coating equipment market is segmented into powder coating equipment, liquid coating equipment and specialty coating equipment. Based on end-use industry, the coating equipment market is segmented into automotive & transportation, aerospace, industrial, building & infrastructure, others.

The regions covered in this coating equipment market report are Asia-Pacific, North America, Europe, and the Rest of the World. Based on a country level, the market of coating equipment is subdivided into the U.S., Mexico, Canada, U.K., France, Germany, Italy, China, Japan, India, Southeast Asia, Middle East Asia (UAE, Saudi Arabia, Egypt) GCC, Africa, etc.

Coating Equipment Market Key Players

• IHI Corporation
• Nordson Corporation
• OC Oerlikon Management AG
• SATA GmbH & Co. KG
• Graco Inc.
• ANEST IWATA Corporation
• Others

Global Coating Equipment Market Segmentation:

By Coating Type

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

By End-Use Industry

• Automotive & Transportation
• Aerospace
• Industrial
• Building & Infrastructure
• Others

Global Coating equipment Market Dynamics–

A coating is a covering that is applied to a surface to improve its functional or aesthetic properties. Paint is used as a coating it has  a wide variety of applications in the automotive, industrial, building and construction, marine, medical, electrical and electronics, utilities and oil and gas sectors. In the recent year, the increasing urban population is changing the perspective of standard lifestyle. So, number of people are passionate about to buy cars and various types of vehicles. Similarly, increased overall vehicle demand, aging vehicles, environmental concerns, and increased infrastructure these are some factors that are supplementing the demand of coating equipments in automotive industries. Additionally, accelerated demand for eco-friendly coatings including waterborne coatings, powder coatings and UV-cured coatings in emerging economies including China and Brazil is expected to propel automotive coating industry growth which is further increasing the demand for coating equipments. 

In addition, increasing coating on industrial and medical machines for protecting machines from the environmental implications is also supplementing the increasing in demand. However, the he development of cheaper equipment for coatings may obstruct for the growth of the coating equipment market. In spite of that, the emergence of new technologies may create more opportunities for the further growth of the market. 

News-

Harland Medical Launched Coating Testing Thickness System for Medical Devices

On April 13^th, 2022; Harland Medical Systems, Inc. announced the release of the CTS1100 Coating Thickness Testing System at MD&M West. As a testing system, the CTS1100 allows medical device manufacturers to accurately and easily measure coating thickness on their equipment.

Singulus Technologies Agreed with CNBM to Develop New Vacuum Coating Machines for CdTe Thin-Film Technology

On May 7^th, 2021; Singulus Technologies Ag (Singulus Technologies) entered into an agreement with China National Building Materials (CNBM) for the development of Next Generation Vacuum Coating Machines. The production of CdTe thin-film solar modules is a case of objective use.

Biocoat, Inc. Launched On-Site Contract Coating Service Business Unit

On September 17^th, 2019; Biocoat, Inc., a specialized manufacturer of hydrophilic biomaterial coatings for medical devices, announced today that the company has launched an ISO-certified, full-service facility for its customers to apply HYDAK coatings for unique medical devices. Prior to the launch of the new facility, Biocoate will work with companies to apply the coating process to their facility or, if necessary, recommend a third-party vendor.

 

Global Coating Equipment Market Regional Analysis–

Asia Pacific is expected to show a fastest growth in the global  coating equipment market owing to the rising demand from building and infrastructure, industrial and automotive industry. Rapid industrialization and urbanization in the region, improvements in public infrastructure, growing demand for consumer goods such as China, India and South Korea are also supplementing the market growth. For example; According to data published by the United Nations Statistics Division, China accounted for 28.7 percent of global manufacturing output in 2019. 

Europe is expected to show a significant demand in the global coating equipment market due to rising number of product launches and technological advancements in this field in tis region. Germany dominates this region, which is the focal point of the automotive industry, due to the increasing demand in the market to prevent various automotive components from friction and damage and repair.

On Special Requirement Coating Equipment Market Report is also available for the below Regions and Country:

North America

• U.S.
• Canada

Europe

• Germany
• France
• U.K.
• Italy
• Spain
• Sweden
• Netherland
• Turkey
• Switzerland
• Belgium
• Rest of Europe

Asia-Pacific

• South Korea
• Japan
• China
• India
• Australia
• Philippines
• Singapore
• Malaysia
• Thailand
• Indonesia
• Rest Of APAC

Latin America

• Mexico
• Colombia
• Brazil
• Argentina
• Peru
• Rest of South America

Middle East and Africa

• Saudi Arabia
• UAE
• Egypt
• South Africa
• Rest Of MEA

Report Analysis	Details
Historical data	2018 - 2021
Forecast Period	2022 - 2028
Market Size in 2021:	USD 318.25 Billion
Base year considered	2021
Forecast Period CAGR %:	5.8%
Market Size Expected in 2028:	USD 27.08 Billion
Tables, Charts & Figures:	175
Pages	196
Coating Equipment Companies	IHI Corporation, Nordson Corporation, OC Oerlikon Management AG, SATA GmbH & Co. KG, Graco Inc., ANEST IWATA Corporation, and others.
Segments Covered	By Coating Type, By End-Use Industry
Regional Analysis	North America, U.S., Mexico, Canada, Europe, UK, France, Germany, Italy, Asia Pacific, China, Japan, India, Southeast Asia, South America, Brazil, Argentina, Columbia, The Middle East and Africa, GCC, Africa, Rest of the Middle East and Africa

Key Benefits of Global Coating Equipment Market Report–

• Global Coating equipment market report covers in-depth historical and forecasts analysis.
• Global Coating equipment market research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, Regional and Country Level.
• Global Coating equipment market report helps to identify opportunities in the marketplace.
• Global Coating equipment market report covers extensive analysis of emerging trends and competitive landscape.