Coating Equipment Market 2018
Coating Equipment Market Share, Size, Trends, And Business Opportunity Analysis Report 2018 include historic data, with forecast data to 2022. Coating Equipment Market report is helpful for future strategy development, and to know about Market Drivers, Restraints, Opportunities, And Global market size, share, Growth, Trends, key players forecast to 2022
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Global Coating Equipment Market Information Report by Type (Liquid Coating Equipment, Powder Coating Equipment, and Specialty Coating Equipment), by End-user (Automotive, Aerospace, Industrial, and Construction) and by Region – Global Forecast to 2022
A coating is also known as substrate which is applied to the surface of any object. Coating has different purpose, it may be used for decorative, functional or for both. The equipment which is used for covering the surface of an object is known as coating equipment. The major drivers of coating equipment are increasing demand by industries such automotive & transportation, aerospace, building & infrastructure. The other growth drivers are growing demand for new vehicles and aircraft, increase in industrialization and increase in the acceptance of coating equipment.
Asia-Pacific region has been accounted for the highest CAGR for the forecast year due to huge demand for coating equipment. Various manufacturing facilities, distribution centers, research & development are been setup by the global companies to make presence in Asia-Pacific region. Asia-Pacific region is expected to grow at highest CAGR during the forecast period because of the growing demand for various industrial products and consumer goods. The global coating equipment market is expected to grow at a CAGR of approximately 5%.
A coating is also known as substrate which is applied to the surface of any object. Coating has different purpose, it may be used for decorative, functional or for both. The equipment which is used for covering the surface of an object is known as coating equipment. Coating can be all-over coating, full covered surface or a part of substrate. The coating equipment includes resourcing of raw material, manufacturing and supply of coating equipment. The market is expected to cross USD 20 billion by 2022, at a CAGR of approximately 5% for the forecasted period.
On the basis of type, powder coating is expected to grow at a highest CAGR for the forecast period because it is the most common type which is applied to the metal surface. On the basis of end-user, industrial sector is expected to lead the coating equipment market by 2022. The demand for the coating equipment in the industrial segment is fueling up due to the increasing use of coating in heavy machinery. Asia-Pacific is expected to account for the largest market share for the forecast period.
The key players of global coating equipment market are Nordson Corporation (U.S.), Anest Iwata (Japan), Graco Inc. (U.S.), O.C. Oerlikon (Switzerland), IHI Ionbond AG (Switzerland), and SATA GmbH & Co. KG. (Germany).
Market Research Analysis
The market is highly application based. The industrial sector is dominating the coating equipment market by end-user, due to increasing need for the personalized coating equipment in various end-use industries. There is continues R&D carried out so as to develop new and advanced equipment.
There is also seen an increase in demand of the coating equipment from the industries, which is backed by the rapid industrialization, building and infrastructures. Furthermore such coating equipment is used for coating heavy machines.
There are various restraints which hinders the growth of the coating equipment markets such as high cost of coating equipment and fluctuation in the crude oil prices.
The report for Global Coating Equipment Market of Market Research Future comprises of extensive primary research along with the detailed analysis of qualitative as well as quantitative aspects by various industry experts, key opinion leaders to gain the deeper insight of the market and industry performance. The report gives the clear picture of current market scenario which includes historical and projected market size in terms of value, technological advancement, macro economical and governing factors in the market. The report provides details information and strategies of the top key players in the industry. The report also gives a broad study of the different market segments and regions.
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