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According to the latest research report by IMARC Group, The global coating equipment market size reached US$ 20.9 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 29.1 Billion by 2028, exhibiting a growth rate (CAGR) of 5.5% during 2023-2028.<br><br>More Info:- https://www.imarcgroup.com/coating-equipment-market
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Global Coating Equipment Market Research and Forecast Report 2023-2028 Author: Elena Anderson, Marketing Manager | Copyright © IMARC Service Pvt Ltd. All Rights Reserved IMARC Group © 2019 IMARC All Rights Reserved
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Report Description and Highlights Report Description Global Coating Equipment Market Research Report: The latest report by IMARC, titled “Coating Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2023-2028” finds that the global coating equipment market size reached US$ 20.9 Billion in 2022. Coatings are a mixture of film-forming materials applied on several substrates, including metals, polymers, glasses, and ceramics, to enhance their aesthetic and functional properties. These coatings are applied using specialized machines that promote even distribution of paints or coats on different components, optimize efficiency, enhance the accessibility of an effective exhaust system to clear any remaining solvent vapors, and ensure optimum drying and proper mixing of several substances. They also offer protection against degradation, corrosion, ultraviolet (UV) radiation, and rusting. As a result, coating equipment is widely adopted across automotive, construction, industrial, and aerospace industries across the globe. Request market/requestsample Free Sample Report: https://www.imarcgroup.com/coating-equipment-
Report Description and Highlights Report Description Global Coating Equipment Market Trends: The market is primarily driven by the widespread adoption of coating equipment in commercial and industrial establishments due to increasing construction activities across the globe. Moreover, the evolving living standards, rising population, and inflating disposable incomes, particularly in emerging economies, represent other major growth-inducing factors. Besides this, the rising environmental awareness among the masses has encouraged the adoption of electric vehicles (EVs), wherein coating equipment is utilized to protect automobile substrates and components against rust and other damages, which is providing a positive thrust to the market growth. Along with this, numerous product innovations, including the launch of customized coating equipment and technological advancements in coating processes to meet the evolving needs of different applications, are augmenting the market growth. Furthermore, the extensive utilization of powder coating equipment in door frames, building facades, bathrooms, aluminum window extrusions, and electrical fitting owing to its several beneficial properties, including longevity, eco- friendly nature, and durability, is anticipated to propel the market growth. Other factors, including the surging need for cost-effective coatings systems alternatives and the increasing application of heavy machinery in the manufacturing sector, are creating a positive market outlook across the globe. Looking forward, IMARC Group expects the market value to reach US$ 29.1 Billion by 2028, exhibiting a CAGR of 5.5% during the forecast period (2023-2028). Looking forward, the market value is projected to reach a strong growth during the forecast period (2023-2028).
Report Description and Highlights Report Description Market Summary: Breakup by Product: • Powder Coating Equipment • Liquid Coating Equipment • Specialty Coating Equipment Breakup by Distribution Channel: • Wholesale Distributor • Retail Distributor Breakup by Application: • Automotive • Aerospace • Construction • Industrial • Others Breakup by Region: • North America
Report Description and Highlights Report Description • United States • Canada • Asia-Pacific • China • Japan • India • South Korea • Australia • Indonesia • Others • Europe • Germany • France • United Kingdom • Italy • Spain • Russia • Others • Latin America
Report Description and Highlights Report Description • Brazil • Mexico • Others • Middle East and Africa
Report Description and Highlights Report Description Competitive Landscape with Key Players: • • • • • • • • • • • • Anest Iwata Corporation Asahi Sunac Corporation Castolin Eutectic Graco Inc. Hydromer IHI Corporation J. Wagner GmbH Larius S.r.l Nordson Corporation OC Oerlikon Praxair Surface Technologies Inc. (Linde plc) Samvardhana Motherson Group. View Full Report with TOC & List of Figure: https://www.imarcgroup.com/coating-equipment-market
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