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These coating systems are primarily used to prevent corrosion in corrosion-prone steel and metal structures and buildings, such as bridges, underground pipelines, buildings, machines and mechanical devices (such as motion control systems, stationary or mobile robots), and offshore platforms. Industrial coating equipment is also used to apply fire-resistant coatings.
Coating Equipment Market Scope:
The report includes qualitative and quantitative analysis of the Coating Equipment Market based on segmentation involving economic and non-economic factors. It also includes an in-depth analysis of the Coating Equipment industry from various perspectives by employing Porter’s five forces analysis. The report provides insight into the Coating Equipment Market through the value chain. The report offers historical data and forecasts revenue growth at country, regional and levels along with an analysis of the market trends in each of the sub-segments and regions. The competitive landscape in the report includes details by Coating Equipment competitors including company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The bottom-up approach was used to estimate the and regional Coating Equipment Market size.
Coating Equipment Market Overview:
Stellar Market Research provides a comprehensive description of Coating Equipment Market which helps to understand its feature in an optimized way. The projected statistics, significant advancements and income are all included in detail in the Coating Equipment research paper.
Coating Equipment Market size was valued at US$ 20.3 Bn. in 2021 and the total revenue is expected to grow at 6.8% through 2022 to 2027, reaching nearly US$ 30.12 Bn. by 2027.
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Coating Equipment Market Segmentation:
The Coating Equipment Market is classified into three types: liquid coating, powder coating, and specialty coating. Powder coating and specialized coating will lead the industry in 2021, with a combined market share of 40%. Because of the capacity of specialty equipment to quote viral goods such as wood, metal, and flooring, it is the industry leader and a highly requested commodity. Powder Coating can cover objects with features like de-icing, abrasion, corrosion, and heat resistance, which is why it has such a large market share and is predicted to grow in the future. In 2021, Liquid Coating will have a 20% market share.The market is small because it is mostly utilized in the construction industry, but demand will increase as urbanization and construction increase. Specialty Coating is predicted to grow at the fastest rate during the forecast period and to lead the market by 2027.
The Coating equipment market is divided into four applications: industrial, automotive, construction, and aerospace. In the year 2021, the industrial sector will own 43% of the market. The industrial sector dominates the market due to the widespread use of coating equipment in machinery, manufacturing, and mass production. The automotive industry has a market share of 28% in 2021 and ranks second in the market because to the large use of Coating Equipment in this sector, with speciality coatings being utilized mostly for high temperatures. Construction industry has 17% market share in 2021 due to strong utilization of liquid coating in this sector, but it may increase at a quick pace due to global urbanization. The remaining 12% is in the aerospace sector, which is in the hands of very few countries, as are the individuals who use these services, and their frequency of usage is lower than in any other sector.
Coating Equipment Market Key Players:
Nordson Corporation (US)
Anest Iwata (Japan)
Graco Inc. (US)
C. Oerlikon (Switzerland)
IHI Ionbond AG (Switzerland)
SATA GmbH & Co. KG. (Germany)
ASAHI SUNAC CORPORATION (Japan)
Wagner GmbH (Germany)
Carlisle Companies (US)
OC Oerlikon Management AG (Switzerland)
Gema USA Inc. (US)
Axalta Coating Systems (US)
Cardinal (US)
Praxair ST Technology Inc. (US)
Regional Analysis:
Each regional Coating Equipment market sector is thoroughly investigated to determine its current and future growth prospects. This helps clients to grow their businesses. The Coating Equipment market report covers all five regions and their country-wise distribution. Their market size and trends are also included in the Coating Equipment report.
Key Questions answered in the Coating Equipment Market Report are:
Key offerings:
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About Stellar Market Research
Established in 2018, Stellar Market Research is India Based consulting and advisory firm focused on helping clients to reach their business transformation objectives with advisory services and strategic business. The company’s vision is to be an integral part of the client’s business as a strategic knowledge partner. Stellar Market Research provides end-to-end solutions that go beyond key research technologies to help executives in any organization achieve their mission-critical goals. The company has clients from all across the globe, 23 % from India and others from Japan, Korea, Germany, United States, etc. The company uses its extensive industry knowledge, strong network, and know-how to provide complete insights that give clients a competitive advantage.
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