Global Coating equipment Market will have major growth in coming years, Forecast 2023

Pune, India, December 19, 2017/MRFR Press Release/- Market Research Future published a Cooked research report on “Global Coating equipment Market Research Report - Forecast to 2023”              – Market Analysis, Scope, Stake, Progress, Trends and Forecast to 2023.

Nordson Corporation (U.S.), Anest Iwata (Japan), Graco Inc. (U.S.), O.C. Oerlikon (Switzerland), IHI Ionbond AG (Switzerland), and SATA GmbH & Co. KG. (Germany). and others are some of the prominent players profiled in MRFR Analysis and are at the forefront of competition in the global coating equipment market.

Coating Equipment Global Market – Overview

A coating is also known as substrate which is applied to the surface of any object. Coating has different purpose, it may be used for decorative, functional or for both. The equipment which is used for covering the surface of an object is known as coating equipment. Coating can be all-over coating, full covered surface or a part of substrate. The coating equipment includes resourcing of raw material, manufacturing and supply of coating equipment. According to a recent study report published by the Market Research Future, The global market of coating equipment is booming and expected to gain prominence over the forecast period. The market is forecasted to demonstrate a stunning growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).    

There are various factors that are responsible for the growth of the coating equipment industry that includes increase use of coating equipment in varied industries such as automotive & transportation, aerospace, industrial, and building & infrastructure. Different types of coating equipment are used in varied industry such as liquid coating equipment, powder coating equipment, and specialty coating equipment. The current coating equipment is focused over automation with the growing use of single-use liquid gasket.

The U.S. is one of the most supportive domestic economy for the development and commercialization of coating equipment with minimum market barrier. The major factor driving the U.S. coating equipment market is the innovation of their products through patents and data protection. The U.S. government is constantly working to create an export opportunity by diminishing the market access barrier so as to provide market information. According to the Pharmaceutical Research and Manufacturers Association (PhRMA), approximately more than 810,000 people are working in pharmaceutical industry in U.S.

Industry/ Innovation/ Related News:

The key strategies followed by most companies within the global Coating equipment market are that of new product development.

In Nov 2017, Nordson Corporation launches advanced New FX-942UV ACI In-Line Dual Sided Optical Inspection System for PCB conformal coating. This will widen their product portfolio to cater wide customer range.

In Oct 2015, IHI Ionbond AG has opened new coating service centre for automotive component in ChengDu, Sichuan Province, China.

Coating Equipment Market – Segmentation

The global coating equipment market is segmented in to 3 key dynamics for the convenience of the report and enhanced understanding;

Segmentation by Type                    : Comprises Liquid Coating Equipment, Powder Coating Equipment, and Specialty Coating Equipment.

Segmentation by End-user : Comprises Automotive, Aerospace, Industrial, and Construction.

Segmentation by Regions               : Comprises Geographical regions - North America, Europe, APAC and Rest of the World.

Coating equipment Market:

Regional Analysis

Asia Pacific is expected to account for the largest coating equipment market during the forecast period because of the growing demand of coating equipment’s in emerging economies such as China and Japan. China accounts approximately 55 per cent of the region consumption by volume as well as value. India is the second largest consumer of coating equipment in the year 2016. Asia Pacific is majorly solvent based system with low cost, low performance market, but due to emergence of countries such as China, India, and others are majorly contributing to the market. In future, the potential area of growth in Asia pacific involves the green coating equipment’s. The manufacturers of green coating are infusing high investment for the future advancement and environment friendly coating equipment’s. This trend will lead to the growth of the market during the forecast period. 

Canada is one of the leading markets in the North America coating equipment market after U.S. Canada ranks in the top 10 coating equipment market globally. The market in Canada is driven by high per capita spending on coating and growing government regulations. The public sector dominates the total healthcare spending in Canada. Canada is second among OECD countries, after U.S., in the participation of private insurers in drug spending.

Germany is on one of the most lucrative and perfect locations for the development, production, and sales of coating equipment. The country is majorly driven by the cutting edge research and development and immediate market access to the varied industry. Germany’s industrial sector is one of the most promising market due to higher growth opportunity. Steady increase in the manufacturing sector have resulted in the increase growth in the coating equipment’s market in future.

ACCESS REPORT DETAILS @ https://www.marketresearchfuture.com/reports/coating-equipment-market-2124

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