Wednesday, 7 February 2018

Growing Demand for Coating Equipment for Protection and Decoration of Objects

A coating is a layer applied to the inner or outer surface of an object to provide protection as well as aesthetics. Coating equipment find application in several sectors such as automotive, aerospace, construction, and industrial.

Coating Equipment Market 

Versatility in Coating Applications

By way of product, coating equipment can be categorized into specialty coating equipment, powder coating equipment, and liquid coating equipment. The segment of specialty coating equipment is predicted to grow with the fastest CAGR of 6.5% during the forecast period. This growth is associated with increasing use of technologies like chemical vapor deposition and physical vapor deposition across several industries. Specialty coating equipment are capable of providing coating for various products including metal, flooring, and wood and this will aid their demand.

The segment of powder coating equipment is predicted to grow at a significant rate. This equipment is capable of providing the coated products with resistance against heat, corrosion, and abrasion, and also aids in de-icing them. Liquid coating equipment are less expensive than others and are predicted to be utilized in the construction industry for painting applications.

An Ionic Contamination Test System

Recently, Specialty Coating Systems, a provider of thermal and UV cure systems and ionic contamination test systems, introduced a software-controlled ionic contamination system called “Omegameter SMD 650”. This system can be used for accurate and partial quality testing. The system can identify the existence of ionic contamination on bare circuit boards as well as assembled printed circuit boards and other electronic components.

Market Overview

According to Grand View Research, Inc., the worldwide coating equipment market is expected to reach USD 22.2 billion by 2025. Rapid urbanization, fast growing population, and ongoing infrastructure development can drive the market. However, high initial cost of the product can restrain market growth over the forecast period (2014 to 2025). In 2016, Asia Pacific acquired the largest market share due to a thriving construction sector in this region.

Some of the leading companies operating in the market are Graco Inc; IHI Ionbond AG;
Nordson Corporation; Praxair S. T. Technology, Inc.; and OC Oerlikon Corporation AG.

In-Depth Research Report On Coating Equipment Market:

1 comment:

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