Global Coating Equipment Market Report 2022 - Featuring IHI, Nordson, Graco, Buhler and PVD Products Among Others - ResearchAndMarkets.com
DUBLIN--(BUSINESS WIRE)--Dec 22, 2022--
The “Coating Equipment Global Market Report 2022” report has been added to ResearchAndMarkets.com’s offering.
This report provides strategists, marketers and senior management with the critical information they need to assess the global coating equipment market.
This report focuses on coating equipment market which is experiencing strong growth. The report gives a guide to the coating equipment market which will be shaping and changing our lives over the next ten years and beyond, including the markets response to the challenge of the global pandemic.
The global coating equipment market is expected to grow from $18.38 billion in 2021 to $20.23 billion in 2022 at a compound annual growth rate (CAGR) of 10.1%. The coating equipment market is expected to reach $26.05 billion in 2026 at a CAGR of 6.5%.
- IHI Corporation
- Nordson Corporation
- OC Oerlikon Management AG
- SATA GmbH & Co. KG
- Graco Inc.
- ANEST IWATA Corporation
- Buhler AG
- ASAHI SUNAC CORPORATION
- Wagner GmbH
- Carlisle Companies
- Exel Industries
- PVD Products Inc.
- Miba AG
- Semicore Equipment Inc.
- Guangdong HuiCheng Vacuum Technology Co. Ltd.
- Oxford Instruments
- AJA INTERNATIONAL
- Picosun Oy
- CVD Equipment Corporation
- T-M VACUUM PRODUCTS INC.
- Blosch AG
- KOLZER SRL
- Fujimi Corporation
- Singulus Technologies AG
- Gema USA Inc.
- Axalta Coating Systems
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The coating equipment market consists of sales of coating equipment by entities (organizations, sole traders, and partnerships) that are used for the application of the coating on a substrate. Coating equipment is used to coat machines, tools, instruments, and other items or articles that are intended for specific functions, services, purposes, or activities in order to protect them from corrosion or degradation and to extend their life span with lower maintenance and parts replacement costs.
The main types of coating equipment are powder coating equipment, liquid coating equipment and specialty coating equipment. Powder coating refers to polymer resin systems, combined with curatives, pigments, leveling agents, flow modifiers, and other additives. Powder Spray Guns and powder spray booths are generally used for the application of powder coatings.
The different materials include polyester, polyurethane, acrylic, PVC, epoxy, silicon and is used in various applications such as brushed, dipped or sprayed, diffusion, laser processing, plating, thermal spray, vapor deposition. It is employed in several sectors including automotive, medical, aerospace, industrial, building and construction, marine, electricals and electronics, other end users.
Asia Pacific was the largest region in the coating equipment market in 2021. North America was the second largest market in the coating equipment market. The regions covered in the coating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
The growing demand for electric vehicles will drive the growth of the coating equipment market going forward. Electric vehicles are those that are powered entirely or partially by electricity. Electric vehicles have minimal operating expenses since they have fewer moving parts to maintain, and they are also very eco-friendly because they consume little or no fossil fuels (petrol or diesel). Coatings are essential in keeping the substrates of electric vehicles and their components free of rust and other damage. It also has a big impact on the aesthetics of electric vehicles.
For instance, according to International Energy Agency, the global electric car stock reached 10 million units in 2020, a 43% growth over 2019. In addition, China had the largest fleet, with 4.5 million electric vehicles, but Europe had the largest annual rise, reaching 3.2 million in 2020. Therefore, the increasing demand for electric vehicles propels the growth of the coating equipment market.
The strategic agreements between coating equipment manufacturers and end-use industry players have emerged as a major trend impacting the market. Major companies operating in the coating equipment sector are focused on strategic agreements to strengthen their position
The countries covered in the coating equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA.
For more information about this report visit https://www.researchandmarkets.com/r/bdy4kt
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PUB: 12/22/2022 10:26 AM/DISC: 12/22/2022 10:26 AM