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Coating Equipment Market Strongly Driven by Rising Global Demand

The industry is expected to witness significant growth on account of high application scope coupled with growing consumption from the automotive application. The Global Coating Equipment Market is expected to reach USD 22.23 billion by 2025, according to a new report by Grand View Research, Inc.


Robust growth in the consumption owing to rising government spending, fast-growing population, and continued progress on infrastructure projects in Middle Eastern economies is likely to augment product utilization in the residential sector.Africa residential sector is expected to witness growth on account of increasing foreign direct investments and rising consumer’s willingness to spend.

Governments of Middle East have framed favourable policies to promote investments in the automotive sector. In addition, expansion of road networks along with urban population growth has played a crucial role in increasing sales of automotive vehicles in Middle East countries such as Saudi Arabia and United Arab Emirates.

The global coating equipment market is expected to witness significant competitive rivalry due to the presence of numerous players across the industry. As a result of changing consumer trend, various companies are launching new products to expand their product offerings and put up with the competition in the market.

Powder coating equipment accounted for a share of 38.7% of global market revenue in 2016 owing to low cost as compared to specialty coatings. Powder coating equipment has the ability to produce thin films which are utilized by aerospace and automotive industry due to their lightweight

To Know More About Coating Equipment Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/coating-equipment-market

Development and utilization of machinery in agriculture sector has witnessed significant growth globally which is anticipated to provide positive scope for product demand as the machinery typically requires coating

Market Segmentation of Coating Equipment Market:

The Global Coating Equipment Market segmented on the basis of Product and Application.

By Product:

    Specialty Coating Equipment
    Powder Coating Equipment
    Liquid Coating Equipment

By Application:

    Automotive
    Aerospace
    Construction
    Industrial

Inquire about Coating Equipment Market with Our Experts @ https://www.grandviewresearch.com/inquiry/4607
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