Coating Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

Coating Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028

The global coating equipment market size reached US$ 20.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.

Coatings refer to a mixture of film-forming materials that are deposited onto various substrates, such as glass, metals, and ceramics, to enhance their aesthetics and functional properties. The equipment used for applying these coatings are generally categorized into liquid, powder, and specialty types. These machines assist in promoting the uniform distribution of paints or coats on different components, optimizing efficiency, and ensuring optimum drying and proper mixing of several substances. This, in turn, assists in providing protection against rusting, degradation, corrosion, and ultra-violet (UV) radiation at affordable prices.

Coating Equipment Market Trends:

The widespread adoption of coating equipment across the commercial and residential establishments can be attributed to the increasing ongoing construction activities across the globe and the need to industrialize the liquid gasket coating procedure with improved efficiency. This, along with the inflating disposable incomes, evolving living standards, and rising population. particularly in emerging economies, are primarily driving the market growth. Additionally, the increasing environmental consciousness has facilitated the adoption of electric vehicles (EVs), wherein coating equipment is utilized to impart aesthetic appeal and protect automobile substrates and components against rust and other damages, which, in turn, is supporting the market growth. Moreover, various product innovation, such as the introduction of customized coating equipment, along with significant technological advancements in coating processes to meet the evolving needs of different applications are also contributing to the market growth. Additionally, the extensive deployment of powder coating equipment in aluminum window extrusions, door frames, building facades, bathrooms, electrical fitting due to its various beneficial properties, including durability, longevity, and eco-friendly nature, is propelling the market growth. Other factors, such as the rising need for cost-effective coatings systems alternatives and the growing application of heavy machinery in manufacturing sector are creating a positive outlook for the market.

Key Market Segmentation:

IMARC Group provides an analysis of the key trends in each sub-segment of the global coating equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, distribution channel and application.

Breakup by Product:

Powder Coating Equipment

Liquid Coating Equipment

Specialty Coating Equipment

Breakup by Distribution Channel:

Wholesale Distributor

Retail Distributor

Breakup by Application:

Automotive

Aerospace

Construction

Industrial

Others

Breakup by Region:

North America

United States

Canada

Asia-Pacific

China

Japan

India

South Korea

Australia

Indonesia

Others

Europe

Germany

France

United Kingdom

Italy

Spain

Russia

Others

Latin America

Brazil

Mexico

Others

Middle East and Africa

Competitive Landscape:

The competitive landscape of the industry has also been examined along with the profiles of the key players being 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.

Key Questions Answered in This Report

1. What was the size of the global coating equipment market in 2022?

2. What is the expected growth rate of the global coating equipment market during 2023-2028?

3. What are the key factors driving the global coating equipment market?

4. What has been the impact of COVID-19 on the global coating equipment market?

5. What is the breakup of the global coating equipment market based on the product?

6. What is the breakup of the global coating equipment market based on the application?

7. What are the key regions in the global coating equipment market?

8. Who are the key players/companies in the global coating equipment market?