News

Jul 14, 2023

Coating Equipment Market Global Industry Trends, Share & Growth 2028

Industry Overview of Coating Equipment Market Coatings refer to a blend of

Industry Overview of Coating Equipment Market

Coatings refer to a blend of film-forming materials applied to various substrates, such as metals, glass, polymers, ceramics, etc., to enhance their aesthetic value and improve their functional properties. The equipment used for laying these layers are generally categorized into powder, liquid, and specialty types. These machines assist in optimizing efficiency, promoting the uniform distribution of paints or coats on several components, enhancing the accessibility of an effective exhaust system to clear any remaining solvent vapors, ensuring optimum drying and proper mixing of various substances, etc. In addition to this, coating equipment assist in protecting against degradation, corrosion, rusting, and ultra-violet (UV) radiation at affordable prices. As a result, these machines find widespread applications across numerous sectors, including automotive, construction, industrial, aerospace, etc.

How Big Is the Coating Equipment Market?

The global coating equipment market reached a value of US$ 20.9 Billion in 2022. It is projected to reach a value of US$ 29.1 Billion by 2028, exhibiting a CAGR of 5.5% during 2023-2028.

Global Industry Trends and Drivers:

The escalating demand for these machines across commercial and residential establishments, owing to the increasing number of construction activities and the inflating need for industrializing the liquid gasket layer procedure with improved efficiency, is primarily driving the coating equipment market. Besides this, they are also utilized in aluminum window extrusions, door frames, building facades, bathrooms, electrical fittings, etc., on account of their various beneficial properties, such as durability, longevity, eco-friendly nature, etc., which is augmenting the market growth. Moreover, the rising consumer environmental consciousness is catalyzing the requirement for electric vehicles (EVs), where coating equipment are adopted to protect automobile substrates and components against rust and other damages and impart aesthetic appeal, thereby positively influencing the global market. Apart from this, the introduction of innovative and customized machines and continuous technological advancements in layer processes are expected to bolster the coating equipment market in the coming years.

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Key Market Segmentation:

The report provides detailed segmentation of the global coating equipment market based on based on product, distribution channel, application and region.

Breakup by Product:

Breakup by Distribution Channel:

Breakup by Application:

Breakup by Region:

The report provides a comprehensive analysis of the industry key players listed below:

The Major Players in the market are Anest Iwata Corporation, Asahi Sunac Corporation, Castolin Eutectic, Graco Inc., Hydromer, IHI Corporation, J. Wagner GmbH, Larius S.r.l, Nordson Corporation, OC Oerlikon, Praxair Surface Technologies Inc. (Linde plc) and Samvardhana Motherson Group.

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