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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 Report Scope and Research Methodology
The study examines the most important Coating Equipment market trends and how they will affect new business investments and industry development. Market trends influence new technology, new rules, government investment, new uses, foreign entry, and other industry dynamics. This research contains a detailed trend analysis to help clients make decisions about expanding their presence in the Coating Equipment market.
The Coating Equipment Market Research offers unique important statistics, facts, information, trends, and competitive landscape insights in the specific industry. The current state of the Coating Equipment The market is examined, and the market is projected through 2029. The report is likely to include company profiles, capacity, production, price, cost, revenue, and contact information for the world's major manufacturers of Coating Equipment market share.
Coating Equipment Market overview:
According to market research, the entire Coating Equipment Market is predicted to rise rapidly. The study discusses the Coating Equipment market's growth drivers, main restraints, emerging difficulties, and current opportunities. The research includes a region- and segment-specific analysis of the dynamics and Coating Equipment market size.
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 Regional Insights:
The report includes a detailed analysis of all the regions and their countries mentioned below:
Coating Equipment Market Segmentation:
The Coating Equipment Market is classified into three types: liquid coating, powder coating, and specialty coating. Powder coating and specialised coating will lead the industry in 2021, with a combined market share of 40%. Because of the capacity of specialist equipment to quote viral products 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 because the market is small because it is mostly utilised in the building sector, but demand will increase.
The Coating equipment market is classified into four applications: industrial, automotive, construction, and aerospace. In 2021, the industrial sector will hold 43% of the market. The industrial sector dominates the market since it uses coating equipment the most 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 utilised mostly for high temperatures. Construction sector has 17% market share in 2021 due to strong utilisation of liquid coating in this sector, but it may increase at a quick pace due to global urbanisation. 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 include:
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)
Key Questions answered in the Coating Equipment Market Report are:
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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.
Contact Stellar Market Research
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