Coating Equipment Market To Accumulate Revenues Worth USD 20 Billion By 2022

Coating Equipment Market To Diversify Owing To Changing Requirements From End Users

Global Coating Equipment Market

Coating Equipment Market Share, Size, Trends, Analysis, Research, Review, Applications and Business Opportunity Analysis Report 2019 include historic data, with forecast data to 2022. Coating Equipment Industry 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.

The coating market has picked up momentum due to rising industrialization around the globe. Reports that evaluate the industrial and automation equipment industry have been made available by Market Research Future which creates reports on several industry verticals that review the market growth and prospects. The market is on track to gain USD 20 billion in revenue by 2022 while expanding at a CAGR of roughly 5% in the forecast period.

The escalation in the use of coatings for decorative and functional purposes is expected to accelerate the expansion of the market. The requirement for precise application and curing of powder coatings, ambient temperature adhesives and sealants, liquid paint, and food and beverage container production is anticipated to lead to the progress of the coating equipment in the coming years.

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Segmental Analysis

The segmentation of the coating equipment market is carried out on the basis of type, end-user, and region. By Type, the coating equipment market is segmented into powder coating equipment, liquid coating equipment, and specialty coating equipment. Based on end-user, the coating equipment market is segmented into industrial, automotive, aerospace, and construction. By Region, the coating equipment market is segmented into North America, Europe, Asia Pacific and the Rest of the World.

Detailed Regional Analysis

The evaluation of the regions in the coating equipment market comprises of regions such as North America, Europe, Asia Pacific and Rest of the World. The Asia Pacific region is anticipated to lead the coating equipment market globally. In the Asia Pacific region, China is responsible for the principal market share and is projected to be the fastest growing nation during the forecast period. The growth in the region is owing to the boost in demand from diverse consumer goods and industrial products.

Competitive Analysis

The expansion of the market is reliant on the cutbacks achieved in profile-raising and miscellaneous overhead. The client base in the market is diversifying rapidly to display a broad range of demands that have to be dealt with precision so as to create a loyal user base. An unequivocal lead in the market place is expected to be created due to amended strategies in specific areas. The creation of new competencies and resources in the market is expected to further fuel the development of the market. The restrictions in the market are dealt with effectively so that they don’t impact the growth of the market. The creation of favorable competitive advantage is expected to further expedite the development of the market in the forthcoming period. The experimentation in the basic strategies to help leadership to attain successful results in the market space is bolstering the growth in the market.

The noteworthy contenders in the global coating equipment market are Anest Iwata (Japan), IHI Ionbond AG (Switzerland), Graco Inc. (U.S.), O.C. Oerlikon (Switzerland), Nordson Corporation (U.S.), and SATA GmbH & Co. KG. (Germany).

Industry Updates:

April 2019 An important dealer of equipment for the precise use of industrial coating solutions, Nordson Industrial Coating Systems, declared the availability of the Nordson Wisdom smart connected platform recently. The Wisdom platform unites the Industry 4.0 and Industrial Internet of Things (IIoT) with Nordson Industrial Coating Systems’ (ICS) proven controls, hardware, application expertise, and field support to aid customers to advance their manufacturing process, and become more competitive and create better products.

Apr 2019 Mitsubishi HiTec Paper, a coated specialty paper producer has launched an original quality control system to guarantee production at its location in Bielefeld, Germany that meets future market requirements. As part of the company’s new business development plan, the original quality control system has been kicked off on the CM 21 coating machine. With this investment of approximately USD 1.1 million, Mitsubishi HiTec Paper confirmed that it would continue to concentrate on future, pioneering markets, and applications.

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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR) and Mar