Based on application, the coating equipment market can be divided into: Automotive, Medical, Aerospace, Industrial, Building & Construction, Marine, Electrical & Electronics, Others
The medical segment of the coating equipment market is anticipated to expand at a rapid pace in the next decade, due to growing use of these equipment in drug delivery applications. Rising urbanization and industrialization in several regions of the world is likely to boost the demand for coating equipment in these regions in the near future.
Based on material characteristics and method of application, the coating equipment market can be segmented into liquid coating equipment, powder coating equipment, and specialty coating equipment.
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Coating Equipment Market: Region-wise Outlook
Based on geography, the global coating equipment market can be segregated into North America, Asia Pacific, Latin America, Europe, and Middle East & Africa. Asia Pacific is anticipated to be a highly attractive market for coating equipment during the forecast period. Industrial growth and rapid urbanization in countries such as China, India, and Indonesia is likely to boost the demand for coating equipment in these countries in the next decade. The coating equipment markets in mature economies in Western Europe and North America are likely to witness sluggish growth in the next decade. Demand for coating equipment in several developing countries such as Mexico, South Africa, and Russia is likely to remain high in the next few years.
Coating Equipment Market: Key Players Nordson Corporation, Anest Iwata, Graco Inc., C. Oerlikon, IHI Ionbond AG, SATA GmbH & Co. KG
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