Pune, India -- (SBWIRE) -- 03/08/2018 -- Coating equipment is used for the precision application and curing of powder coatings, liquid paint, adhesives and sealants, and container coatings. The latest trend in this market is rapid industrialization across the Asia-Pacific region and growing construction sector.

The Global Coating Equipment Market provides an in-depth analysis of the market in terms of revenue and emerging market trends. Market accounted for USD 14.70 billion in 2016 and is projected to grow at a CAGR of 6.0% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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There is a growing demand for coating equipment in applications such as automotive & transportation, aerospace, industrial, and building & construction which is expected to drive market over the forecasted years.

Major Market Drivers and Restraint:

- Growing construction sector due to increasing population and urbanization

- Rapid industrialization across Asia Pacific

- High cost of coating equipment

- Fluctuating raw material prices

Market Segmentation

- Type
- Architecture

- Application

- Geography

On the basis of type, the market is segmented into

- Liquid Coating Equipment

- Powder Coating Equipment

- Specialty Coating Equipment

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On the basis of application, the market is segmented into

- Automotive & transportation

- Aerospace

- Industrial

- Building & Construction

On the basis of geography, the coating equipment market report covers data points for 28 countries across multiple geographies such as

- North America

- South America

- Europe

- Asia-Pacific

- Middle East & Africa

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Top Key Players are:

Some of the major players in coating equipment market include Buhler AG, PVD Products, Inc., BCI Blösch Group, Applied Materials, Inc., IHI Corporation, Singulus Technologies AG, Kolzer SRL, Scientific Vacuum Systems Ltd. (SVS), T-M Vacuum Products, Inc., ULVAC, Inc., CVD Equipment Corporation, AJA International, Semicore, OC Oerlikon, Miba Coating Group and many more.

Major Market Competitors:

Some of the major players in coating equipment market include Buhler AG, PVD Products, Inc., BCI Blösch Group, Applied Materials, Inc., IHI Corporation, Singulus Technologies AG, Kolzer SRL, CVD Equipment Corporation, AJA International, Semicore, OC Oerlikon, Miba Coating Group and many more.

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