[144 Pages Report] The Coating Equipment Market was valued at USD 13.79 Billion in 2015 and is projected to reach USD 19.33 Billion by 2021, at a CAGR of 5.8% between 2016 and 2021.

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The key companies profiled in the coating equipment market research report are Nordson Corporation (U.S.), Anest Iwata (Japan), Graco Inc. (U.S.), O.C. Oerlikon (Switzerland), IHI Ionbond AG (Switzerland), SATA GmbH & Co. KG. (Germany), among others.

Coating Equipment Market, by Type:

Liquid Coating Equipment
Powder Coating Equipment
Specialty Coating Equipment
Coating Equipment Market, by End-Use Industry:

Automotive & Transportation
Aerospace
Industrial
Building & Infrastructure
Others
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Among end-use industries, the industrial segment is projected to lead the coating equipment market during the forecast period.

Heavy machinery and equipment employed in varied end-use industries to carry out numerous processes need to be protected from corrosion, abrasion, and other types of wearing. For this, industrial coatings are used. Increasing use of industrial coatings in heavy machinery as well as in the manufacturing industry is expected to fuel the demand for the coating equipment in the industrial segment. Thus, high demand for industrial coatings from various industries is the reason for the largest share of the industrial segment in the coating equipment market.

Among types, the powder coating equipment segment is projected to grow at the highest CAGR during the forecast period.

Powder coating is generally applied to metal surfaces. The most commonly used process for applying powder coating to metal surfaces is to spray it with the help of corona or tribo guns. The coated object is then cured in oven to form a uniform film of coatings. Industries have started using powder coatings as they are free from volatile organic components. Increasing concerns about environment conservation and growing use of environment-friendly products that are free from volatile organic components are expected to contribute towards the demand for powder coatings, thereby fueling the growth of the powder coating equipment segment of the coating equipment market.

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