Asia Pacific Blood Glucose Test Strip Packaging Market Research Repor Global Coating Equipment Market Research Report - | Page 2

expected to cross USD 20 billion by 2022, at a CAGR of approximately 5% for the forecasted
period.
On the basis of type, powder coating is expected to grow at a highest CAGR for the forecast
period because it is the most common type which is applied to the metal surface. On the basis
of end-user, industrial sector is expected to lead the coating equipment market by 2022. The
demand for the coating equipment in the industrial segment is fueling up due to the increasing
use of coating in heavy machinery. Asia-Pacific is expected to account for the largest market
share for the forecast period.
Market Research Analysis
The market is highly application based. The industrial sector is dominating the coating
equipment market by end-user, due to increasing need for the personalized coating equipment
in various end-use industries. There is continues R&D carried out so as to develop new and
advanced equipment.
There is also seen an increase in demand of the coating equipment from the industries, which is
backed by the rapid industrialization, building and infrastructures. Furthermore such coating
equipment is used for coating heavy machines.
There are various restraints which hinders the growth of the coating equipment markets such
as high cost of coating equipment and fluctuation in the crude oil prices.
The report for Global Coating Equipment Market of Market Research Future comprises of
extensive primary research along with the detailed analysis of qualitative as well as quantitative
aspects by various industry experts, key opinion leaders to gain the deeper insight of the
market and industry performance. The report gives the clear picture of current market scenario
which includes historical and projected market size in terms of value, technological
advancement, macro economical and governing factors in the market. The report provides
details information and strategies of the top key players in the industry. The report also gives a
broad study of the different market segments and regions.
Complete Report Details Coating Equipment Market @
https://www.marketresearchfuture.com/reports/coating-equipment-market-2124
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