|
(MoneyNewsWire.Net, May 09, 2018 ) The coating equipment market was valued at USD 13.79 Billion in 2015 and is projected to reach USD 19.33 Billion by 2021, at a CAGR of 5.8% from 2016 to 2021. Coating equipment serves various end-use industries, such as automotive & transportation, aerospace, industrial, and building & infrastructure. The coating equipment market has been segmented on the basis of type into liquid coating equipment, powder coating equipment, and specialty coating equipment. Among types, the specialty coating equipment is the largest segment of coating equipment market, in terms of value. Specialty coating equipment is majorly used in industrial applications. Rapid industrialization taking place in emerging countries, high demand for industrial coatings from varied end-use industries, and increasing awareness about benefits offered by protective coatings in various industries are the factors expected to lead towards the growth of the specialty coating equipment segment of the coating equipment market during the forecast period. Specialty coating equipment includes Physical Vapor Deposition (PVD), Chemical Vapor Deposition (CVD), and thermal spray guns.
Explore More Information about report @ https://www.researchcosmos.com/reports/global-coating-equipment-market-analysis-and-forecast-to-2022-growth-opportunity-assessment/8176790
Major end-use industries of coating equipment are automotive, industrial, and aerospace. In 2015, the industrial segment accounted for the largest share of the coating equipment market, owing to increased use of industrial coatings in heavy machinery as well as chemical and manufacturing industries. The specialty coatings applied by specialty coating equipment are long-lasting, uniform, and offer required finish. Increasing demand for industrial coatings from different end-use industries is expected to drive the growth of the industrial segment of the coating equipment market during the forecast period.
Powder coating equipment is generally used to coat metal surfaces. Equipment used to apply powder coating is dependent on the shape of the object, size of the object, and other parameters. The commonly used process for applying powder coating to metal surfaces is spraying powder coating by corona or tribo guns. The coated object is then cured in oven so as to form a uniform film of coatings. Various industries have started using powder coatings as they are free from volatile organic components. Moreover, increasing concerns about environment conservation and use of environment-friendly products are expected to fuel the demand for the powder coatings, thereby leading towards the growth of the powder coating equipment segment of the coating equipment market.
Request free sample @ https://www.researchcosmos.com/request/8176790
Increase in the number of varied end-use industries across the globe has resulted in growing demand for coating equipment. In 2015, the Asia-Pacific region accounted for the largest share of the coating equipment market. The Asia-Pacific coating equipment market is projected grow at the highest CAGR during the forecast period. China is projected to lead Asia-Pacific coating equipment market during the forecast period, while the India coating equipment market is projected to grow at the highest CAGR between 2016 and 2021.
Challenges, such as changes in the consumer preferences and development of inexpensive equipment for application of multiple coatings directly affect the growth of the coating equipment market. Moreover, fluctuations in currency also impact the buying capability of end users and industries, which eventually affect the coating equipment market. High costs of coating equipment also restrain the growth of the coating equipment market.
Companies operating in the coating equipment market have adopted various strategies, such as new product launches/development, expansions, and agreements to increase their market shares and expand their distribution networks. They engage in intensive research & development activities to innovate and develop new products that can open new avenues of application of coatings. For instance, in November 2015, Nordson Corporation launched Encore HD Mobile Spray System (powder coating), which features fourth generation dense phase spray technology developed by the company. This system enables optimum utilization of powder materials and provides increased speed of operation.
Check for discount @ https://www.researchcosmos.com/discount/8176790
In February 2014, Graco Inc. launched electric and gas airless sprayers. This product makes spraying easy, fast, and highly productive.
About Us:
Research Cosmos is an aggregator of syndicated and bespoke market research, business intelligence and consulting services on gamut of sectors across the globe. We’re associated with world renowned publishers who when combined, serve hundreds of fortune listed companies and publish wide range of insightful reports which cover nook and corner of every industry vertical.
Research Cosmos
Dani Rodriguez
+1 888 709 8757
dani@researchcosmos.com
Source: EmailWire.Com 
|
