Skip to main content

Posts

Showing posts with the label Coating Equipment

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 Uni