Coating Equipment Market Report

Market Insights

"The global coating equipment market is expected to grow from USD 19.27 billion in 2021 to USD 28.26 billion by 2028 at a CAGR of 5.55% during the forecast period of 2022-2028."

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Coating Equipment is used for applying coatings on surfaces in order to enhance their physical as well as mechanical properties. Some of the coating equipment includes standard coating pans, perforated coating pans, and fluidized bed coaters. These systems employ the use of rotating drums, spraying apparatus and the control of air to facilitate the distribution of the coating material to the pharmaceutical product besides facilitating the drying of the coating material. Coating equipment plays a crucial role in improving the physical and chemical stability and the ability to control the release of drugs in solid oral dosage forms.

Increasing demand from various end-use industries, the development of new coating applications, and a growing interest towards development of advanced coating equipment are the key driving forces fuelling the market for coating equipment. Coating equipment market growth can be attributed to the automotive industry, where it is used to get a better appearance along with protection against corrosion. Novel coating techniques like powder coating and thermal spray help to reduce time and provide environment-friendly solutions. Market growth increases from the up swelling of infrastructures and manufacturing company's investments. Also, the market growth is driven by trends such as sustainable and eco-friendly coating systems for surfaces. Nevertheless, high costs of procurement and significant maintenance expenses are some of the problems associated with the general uptake of the technology.

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Segment Analysis

Type Trends

"The specialty coating segment accounted for the largest market share."

Based on the type, the market is segmented as powder coating, liquid coating, and specialty coating. Specialty coating dominated the market in 2021 and is expected to maintain its dominance during the forecast period. Chemical vapor deposition, physical vapor deposition, plasma coating, and thermal sprays are among the key types included in the segment. There is a dramatic increase in the number of applications for specialty coating, which is fueling the demand for the segment.

End-Use Industry Trends

"The automotive industry segment accounted for the largest market share."

Based on the end-use industry type, the coating equipment market is segmented as automotive, aerospace, construction, industrial, and others. The automotive industry is likely to offer sizeable opportunities in the market during the forecast period. There is a constant improvement in the manufacturing of automotive components in order to meet the growing need for delivering high-performance products that consistently meet the industry specifications. Reliable performance, minimal maintenance requirements, optimum coating material utilization, and corrosion and UV-resistant coatings are some hot spot value additions provided by the use of efficient coating equipment in the industry.

Regional Trends

"Asia-Pacific accounted for the largest market share."

In terms of regions, Asia-Pacific is estimated to be the largest as well as fastest-growing coating equipment market during the forecast period, with China, Japan, and India, being the key countries with lucrative growth opportunities. The region has a greater number of players and has comparatively high competition when compared to the developed western economies. North America and Europe are also expected to offer substantial growth opportunities during the forecast period.

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Key Players

Some of the major coating equipment market participants include:

• Asahi Sunac Corporation
• Carlisle Companies
• Exel Industries
• Graco Inc.
• IHI Corporation
• Nordson Corp.
• OC Oerlikon Corporation AG.

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into market dynamics and will enable strategic decision-making for existing market players as well as those willing to enter the market.

What deliverables will you get in this report?

The coating equipment market is segmented into the following categories:

By Type:

• Powder Coating Equipment
• Liquid Coating Equipment
• Specialty Coating Equipment

By End-Use Industry Type:

• Automotive
• Aerospace
• Construction
• Industrial
• Others

By Region:

• North America (Country Analysis: the USA, Canada, and Mexico) 
• Europe (Country Analysis: Germany, France, the UK, Russia, Spain, and Rest of Europe)
• Asia-Pacific (Country Analysis: China, Japan, India, South Korea, and Rest of Asia-Pacific)
• Rest of the World (Sub-Region Analysis: Brazil, Argentina, and Others)

This report studies the market covering a period of 12 years of trend and forecast. The report provides detailed insights into the market dynamics to enable informed business decision-making and growth strategy formulation based on the opportunities present in the market.

Research Methodology

This strategic assessment report, from Stratview Research, provides a comprehensive analysis that reflects today’s coating equipment market realities and future market possibilities for the forecast period. The report segments and analyzes the market in the most detailed manner to provide a panoramic view of the market. The vital data/information provided in the report can play a crucial role for market participants as well as investors in the identification of the low-hanging fruits available in the market as well as to formulate growth strategies to expedite their growth process.

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools. More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles, have been leveraged to gather the data. We conducted more than 10 detailed primary interviews with market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

Customization Options

With this detailed report, Stratview Research offers one of the following free customization options to our respectable clients:

Company Profiling                                         

• Detailed profiling of additional market players (up to 3 players)
• SWOT analysis of key players (up to 3 players)

Competitive Benchmarking

• Benchmarking of key players on the following parameters: Product portfolio, geographical reach, regional presence, and strategic alliances

Custom Research: Stratview Research offers custom research services across sectors. In case of any custom research requirement related to market assessment, competitive benchmarking, sourcing and procurement, target screening, and others, please send your inquiry to sales@stratviewresearch.com.