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Table of Contents
Coating is a covering surface over the object usually known as substrate. Basically coating over substrate either for functional or decorative purpose. Functional purpose of coating provides corrosion, wettability and adhesion to substrate to increase quality of product. On other hand words and images painted on products serve the purpose of product decoration. Paint is one of the important as well as widely used coatings globally in industrial as well as medical industry.
Coating Equipment Market has shown and expected to show strong growth attributed to adoption of prevention based approach from rusting and maintenance by the companies all over the world. Coating Equipment helps in evenly distribution of the material over the surface, proper mixing of the ingredients and makes sure for optimum dryness of the coating. Substrate properties can be changed with coating some coating application such as semiconductor device fabrication.
Coating Equipment market based on the product type is segmented into liquid coating, powder coating and specialty coating. The basic raw material for liquid based coating are additives, carriers, pigments and resins. The carrier can be water, solvent or both. On other hand powder coating require no carrier. All the basic material is formulated into the powder form. Liquid coating spray guns are used that rely on high pressurized compressed air to provide layered coating. Nowadays powder coating are carried out with corona guns as coating equipment. Triboo guns are other type of equipment used for powder coating.
Automotive industry driving Coating Equipment Market growth. High sales volume of automobile and increasing demand for OEM leading to high use of coating and hence Coating Equipment. Aerospace industry also shown high use of Coating Equipment and continued to show strong growth. Coating equipment in medical industry expected to deliver growth due to growing use of these equipment in drug delivery applications. Industrial as well as Infrastructure industry also continue to generate high sales volume in forecasted period.
Geographically Asia Pacific is leader in Coating Equipment Market and expected to remain most attractive market for forecasted period. Rise in Automobile industry, high population count and increasing concentration of Coating Equipment manufacturing plants leading to generate high sales revenue. North America and Europe also expected to show high growth in upcoming years. Middle East, Africa and Latin American Coating Equipment Market expected to remain constant in forecasted period.
Coating Equipment Market : Product Type
Coating Equipment Market : Application
Global Coating Equipment Market: Competitive Analysis
Report includes accurate analysis of key players with Market Value, Company profile, SWOT analysis. The Study consists of following key players in Global Coating Equipment Market:
Geographical analysis of Coating Equipment Market:
Global Coating Equipment Market Report delivers a comprehensive analysis of the following parameters:
Parameters | Details |
---|---|
Base Year |
2024 |
Historical Data |
2019-2024 |
Forecast Data |
2025-2031 |
Base Year Value (2024) |
USD 30427.32 million |
Forecast Value (2031) |
USD 48223.91 million |
CAGR (2025-2031);?>) |
6.8 % |
Regional Scope |
North America, Europe, Asian Pacific, Latin America, Middle East and Africa, and ROW |
Coating Equipment Market was valued at around USD 30427.32 million in 2024 & is estimated to reach USD 48223.91 million by 2031.
Coating Equipment Market is likely to grow at Compound Annual Growth Rate (CAGR) of 6.8% between 2025 and 2031.
Coating Equipment Market is dominated by the Automotive & Transportation segment and the Asia-Pacific region holds the highest market share in 2023.
Some of the top key players in the Coating Equipment Market are
Primary driving factors for the growth of the Coating Equipment Market include Rise in Automobile industry, high population count and increasing concentration of Coating Equipment manufacturing plants.
Yes, the report includes Geopolitical impact on the market.
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