Global Coating Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027

MarketResearch.biz delivers in-depth insights on the global coating equipment market in its upcoming report titled, “Global Coating Equipment Market Trends, Applications, Analysis, Growth, and Forecast: 2018 to 2027”. The global coating equipment market is estimated to register a CAGR of X.X% in terms of value during forecast period 2018–2027. The report offers in-depth insights, revenue details, and other vital information regarding the target market, and the various trends, drivers, restraints, opportunities, and threats till 2027. The report offers insightful and detailed information regarding the various key players operating in the market, their financials, supply chain trends, technological innovations, key developments, apart from future strategies, acquisitions & mergers, and market footprint. The global coating equipment market report has been segmented on the basis of type, end-use industries, and region.

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Coating also known as substrate, is applied to surface of an object. Coatings can be used for functional, decorative or for both purposes. Equipment which is used for covering a surface with paint or other substances is known as coating equipment. Coating process provide complete surface coverage or part of a substrate. Coating equipment help manufacturers to achieve desirable chemical, scratch, and water resistance for products. The current expansion of automotive and building and construction industries is projected to have a significant impact on global coating equipment market.

Key factor projected to drive growth of the global coating equipment market is increasing building construction activities, which is increasing demand for effective coating products. Coating equipment help to add a preservative and protective layer for structures and safeguard buildings from corrosion, damage, and dampness, caused by frequently fluctuating climate conditions. Growing use of coating equipment for waterproofing is another major factor projected to drive growth of the market in ten five years.

In addition, coating equipment are used significantly in the aerospace industry, owing to its characteristics of providing electrical and high thermal resistance with significant protection against corrosion, dust, moisture, and water, which is projected to drive the global coating equipment market in next nine years.

High manufacturing costs, fluctuating currency, and crude oil prices are major factors expected to restrain growth of the global coating equipment market. However, various untapped markets in emerging economies are projected to create new opportunities for market players operating in various countries.

The target market audience for the coating equipment include raw material suppliers, coating applicators, distributors, suppliers, and traders of coating equipment, manufacturers of coating equipment, government and regional agencies, investment research firms, and research organizations.

Asia Pacific market is projected to account for highest share in terms of revenue in the global coating equipment market, owing to its increasing end-use applications in building & construction and automotive industries. Demand for coating equipment is projected to rise significantly from emerging economics such as China and India in next five years.

Global Coating Equipment Market Segmentation:

Segmentation by type:

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

Segmentation by end-use industries:

• Automotive and Transportation
• Building and Construction
• Aerospace
• Industrial

Segmentation by region:

• North America
• Europe
• Asia Pacific
• Latin America
• Middle East & Africa