IMARC Group, a leading market research company, has recently releases report titled “Coating Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028.” The study provides a detailed analysis of the industry, including the global coating equipment market forecast, size, growth, share, trends, and report. The report also includes competitor and regional analysis and highlights the latest advancements in the market.
Industry Overview of Coating Equipment Market
Coating equipment play a vital role in enhancing the appearance and functionality of various substrates, including metals, glass, polymers, and ceramics. These equipment apply a combination of film-forming materials to the surfaces, and they are available in powder, liquid, and specialty types. By utilizing these machines, efficiency is optimized, paints or coatings are evenly distributed on different components, effective exhaust systems clear solvent vapors, proper mixing of substances is ensured, and optimal drying is achieved. Moreover, coating equipment provide protection against degradation, corrosion, rusting, and UV radiation at affordable prices. As a result, they have extensive applications in industries such as automotive, construction, industrial, aerospace, and more.
How Big Is the Coating Equipment Market?
The global coating equipment market size 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 increasing demand for coating equipment in both commercial and residential sectors, driven by the growth in construction activities and the need for more efficient liquid gasket layer procedures, is a key factor propelling the market. These machines are widely used in various applications, such as aluminum window extrusions, door frames, building facades, bathrooms, and electrical fittings, due to their desirable properties like durability, longevity, and eco-friendliness, which contribute to the market expansion. Additionally, the growing environmental consciousness among consumers is fueling the demand for electric vehicles (EVs), leading to the adoption of coating equipment for protecting vehicle substrates and components from rust and other damages while enhancing their aesthetic appeal. Furthermore, the introduction of innovative and customized machines, as well as continuous technological advancements in coating processes, are anticipated to drive the coating equipment market in the upcoming years.
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:
Powder Coating EquipmentLiquid Coating EquipmentSpecialty Coating Equipment
Breakup by Distribution Channel:
Wholesale DistributorRetail Distributor
Breakup by Application:
AutomotiveAerospaceConstructionIndustrialOthers
Breakup by Region:
North America
United StatesCanadaAsia-Pacific
ChinaJapanIndiaSouth KoreaAustraliaIndonesiaOthersEurope
GermanyFranceUnited KingdomItalySpainRussiaOthersLatin America
BrazilMexicoOthersMiddle East and Africa
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.
