Coating Equipment Market Dynamics, Technological Advancements And Impact

The global coating equipment market size was estimated at USD 16.62 billion in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 5.3% from 2022 to 2030. The growing product demand in various applications such as aerospace, automotive, and construction is expected to drive the industry’s growth. The coatings industry endured a serious slump as a result of the impact of the shutdown imposed to stop the spread of the coronavirus. As a result, demand for coatings nearly dropped in many places and was unlikely to be revived until governments relaxed their stringent stay-at-home regulations, allowing their respective economies to return to some sort of stability.

Gather more insights about the market drivers, restrains and growth of the Coating Equipment Market

The global coating equipment market is one of the primary industries that would experience supply chain delays and industrial interruptions as a result of COVID-19 regulations. The shutdown of various facilities and industries in key locations is affecting global supply chains and significantly harming production, delivery schedules, and product sales.

One of the primary reasons driving the market is the significant growth in global demand for electric cars. The coating is crucial to avoid rust damage to the surface of electric cars and their goods, as well as contributing to their appearance and quality. As a result, the rising demand for coated electronic devices in electric cars is likely to boost market growth.

Governments are taking numerous initiatives, in accordance with technological advancements, to sell electric-powered vehicles through various subsidies such as incentives for installing charging stations and budget allotment for the improvement of electrical battery generation regarding weather extrude concerns.

The use of high-end coating equipment is not an economical option due to low capacity and less specific applications. The cost of the equipment is a vital factor in choosing both the coating methods and materials. Therefore, the availability of low-cost alternatives such as brushes, and rollers limits the market in some applications and is expected to hamper the market growth during the forecast period.

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Key Companies profiled:

• Nordson Corporation

• Gema Switzerland GmbH

• J. Wagner GmbH

• ANEST IWATA Corporation

• Carlise Companies Inc

• IHI Ionbond AG

• Statfield

• SAMES KREMLIN

• The Eastwood Company

• Graco Inc

• RED LINE INDUSTRIES LIMITED

• Pittsburgh Spray

• Reliant Finishing Systems

• ANEST IWATA USA, Inc.

• IHI HAUZE B.V.The global coating equipment market size was estimated at USD 16.62 billion in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 5.3% from 2022 to 2030. The growing product demand in various applications such as aerospace, automotive, and construction is expected to drive the industry’s growth. The coatings industry endured a serious slump as a result of the impact of the shutdown imposed to stop the spread of the coronavirus. As a result, demand for coatings nearly dropped in many places and was unlikely to be revived until governments relaxed their stringent stay-at-home regulations, allowing their respective economies to return to some sort of stability.