Coating Equipment Market was priced by US$ 13.50 billion in 2016. It is likely to record a CAGR of 5.7% during 2019 to 2025 and is projected to touch a value of US$ 22.23 billion by the completion of the prediction period.
Drivers:
Increasing
demand for the products from a number of applications for example building
& construction, automotive & transportation, aerospace is expected to
provide optimistic possibility for the development of the coating equipment
market during the period of forecast. Increasing subdivision of construction
owing to growing populace and suburbanization is projected to motivate the
demand during the following eight years. Speedy industrial development through
the region of Asia Pacific is additionally estimated to boost the development.
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Moderately
low-priced fares of the air travel, low slung prices of aviation fuel, are
fascinating new-fangled fliers and growing frequency of flying. This
sequentially is motivating the industry of aerospace. The business of aviation depend
on new-fangled airplanes so as to satisfy the growing demand of the customer.
In this way motivating the demand for the new airplanes and due to which the
growing demand for the Coating Equipment.
Restraints:
The
most important raw materials consumed in the production of coatings are colors
& pigments those are the byproducts of crude oil. The fluctuating prices of
raw materials tend to instability in the prices of coatings. In that way
upsetting the demand for the coating equipment. The dependency of the market on
the prices of the material is expected to restrain the demand during the period
of forecast.
Greater
preliminary prices of the equipment is additionally projected to hamper the
development of the market during the period of forecast. However, a number of
companies for example Anesta Iwata and OC Oerlikon are involved in proposing
process precise parts to the consumers. The parts for example control valves,
spray guns and feeders, are set a price lower as equated to the entire system.
The
coating equipment for liquid is likely to observe low-slung percentage of
development as equated with other products. The giving out of Volatile Organic
Compounds (VOC), for the duration of the procedure of layering is nearby 3.5 to
5.5 pounds per gallon, this is considerably great. The environmental worries
associated with the process is estimated to restrain the development of the
global coating equipment industry during the period of forecast.
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The
global coating equipment market can be classified by Application, Product, Type
and Region. By Application, it can be classified as Industrialized, Aerospace,
Construction, Automotive & Transportation and Others. By Product, it can be
classified as Liquid Coating Equipment, Specialty Coating equipment, Powder
Coating Equipment. By Type, it can be classified as Specialty, Powder and
Liquid.
Regional Lookout:
By
Region the global coating equipment industry can be classified as North
America, Europe, Asia Pacific, Central & South America, and Middle East
& Africa. In 2016, Asia Pacific ruled the market. It was responsible for a
40.1% share. Increasing subdivision of construction, through Asia Pacific
region, together with an upgraded financial plan for substructure were expected
to be the important features for the growing demand for the product during the
period of forecast.
Enhancement
of the effectiveness in present constructions and increasing actions of
makeover have the uppermost prospective to inspire the demand for the product
in industrialized markets. Beginning of many projects for airports, hospitals,
schools and construction of roads is projected to increase the demand for the
product through Europe. Furthermore, technical progressions owing to widespread
research & development in the arena of coatings is additionally expected to
boost the demand.
Growing
demand from the subdivision of automobile for anti-moisture, long lasting and
anti-erosion, coverings owing to altering tendency of the customer, is expected
to deliver an optimistic possibility for the development of the market through
Canada. The increasing demand from farming business for power and liquid
centered products is additionally expected to deliver optimistic possibility
for the development of the global coating equipment market during the period of
forecast.
The
U.S.A. ruled the North American market for coating equipment. It was
responsible for a share of 75.0% in 2016. Bigger budget for the industrial
development by the government of the U.S.A to generate additional employments
is likely to motivation the sector of manufacturing through the region. Thus
offering constructive opportunity for the development of the market for coating
equipment during period of forecast.
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