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Coating Equipment Market 2018 Global Players SATA GmbH, IHI Ionbond Ag, Graco, Anest Iwata, Nordson, and O.C.Oerlikon
Global Market Insights, Inc.
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Coating Equipment Market size is expected to witness a surge in demand owing to increase in end use application in various industries including aerospace, automotive, industrial, transportation, and construction. Rise in automotive sales coupled with growing population, rapid boom of infrastructural industry and upsurging purchasing power of the consumers in emerging economies will boost the demand of coating equipment market growth.
Heavy machineries used in different industries employs various layering apparatus to provide tool resistance from corrosion, abrasion, rusting and wear & tear, which in turn increase the lifespan of these tools. Rise in industrialization in building and manufacturing industries in developing nations will upsurge coating equipment market. Growing application of heavy machines in manufacturing sector will also augment the market. Increase use of layering in household appliances, automobiles, and bicycle will ensure further product growth.
Covering is generally applied to the outer surface of the metal object protecting them from rusting, corrosion and other types of wear & tear. Layering can be used for functional as well as decorative purposes. Basic raw materials used in manufacturing the product are metals, plastics, rubber and electric circuit boards.
On the basis of its types, market is segmented into powder, liquid, and specialty covering equipment. Out of these machineries, powder covering equipment market is expected to witness high demands as it is preferred for being eco-friendly and emits less gases as compared to liquid or wet coating equipment. Stringent government regulations on environmental issues will boost the market acceptability of the coating equipment.
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Asia-Pacific holds the major market share due to growing demand of product market for various end use application in countries like China, Japan, and India. China, currently holds the largest market share in coating equipment market and will grow progressively in this region for the forecasted period India is also expected to evolve at fastest rate due to growing number of automotive and manufacturing industries. Rise in demand of industrial and consumer goods like TV, refrigerators, computers and cell phones will also drive market demand in the region. Several global competitors are focusing on emerging economies as the boom in industrialization & construction industries will grow the market size. Product consumption in small developing nations including Thailand, Indonesia, Malaysia, and Vietnam has been growing progressively in the region.
Global coating equipment market is consolidated in nature owing to the presence of few key players at domestic as well as international levels. Some of the key player include SATA GmbH, IHI Ionbond Ag, Graco, Anest Iwata, Nordson, and O.C.Oerlikon.
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
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