The global coating equipment market size reached USD 23.1 Billion in 2024. Looking forward, IMARC Group expects the market to reach USD 35.7 Billion by 2033, exhibiting a growth rate (CAGR) of 4.69% during 2025-2033.
Report Attribute
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Key Statistics
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Base Year
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2024
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Forecast Years
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2025-2033
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Historical Years
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2019-2024
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Market Size in 2024
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USD 23.1 Billion |
Market Forecast in 2033
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USD 35.7 Billion |
Market Growth Rate 2025-2033 | 4.69% |
Coatings refer to a mixture of film-forming materials that are deposited onto various substrates, such as glass, metals, and ceramics, to enhance their aesthetics and functional properties. The equipment used for applying these coatings are generally categorized into liquid, powder, and specialty types. These machines assist in promoting the uniform distribution of paints or coats on different components, optimizing efficiency, and ensuring optimum drying and proper mixing of several substances. This, in turn, assists in providing protection against rusting, degradation, corrosion, and ultra-violet (UV) radiation at affordable prices.
The widespread adoption of coating equipment across the commercial and residential establishments can be attributed to the increasing ongoing construction activities across the globe and the need to industrialize the liquid gasket coating procedure with improved efficiency. This, along with the inflating disposable incomes, evolving living standards, and rising population. particularly in emerging economies, are primarily driving the market growth. Additionally, the increasing environmental consciousness has facilitated the adoption of electric vehicles (EVs), wherein coating equipment is utilized to impart aesthetic appeal and protect automobile substrates and components against rust and other damages, which, in turn, is supporting the market growth. Moreover, various product innovation, such as the introduction of customized coating equipment, along with significant technological advancements in coating processes to meet the evolving needs of different applications are also contributing to the market growth. Additionally, the extensive deployment of powder coating equipment in aluminum window extrusions, door frames, building facades, bathrooms, electrical fitting due to its various beneficial properties, including durability, longevity, and eco-friendly nature, is propelling the market growth. Other factors, such as the rising need for cost-effective coatings systems alternatives and the growing application of heavy machinery in manufacturing sector are creating a positive outlook for the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global coating equipment market report, along with forecasts at the global, regional and country level from 2025-2033. Our report has categorized the market based on product, distribution channel and application.
Breakup by Product:
Breakup by Distribution Channel:
Breakup by Application:
Breakup by Region:
The competitive landscape of the industry has also been examined along with the profiles of the key players being Anest Iwata Corporation, Asahi Sunac Corporation, Castolin Eutectic, Graco Inc., Hydromer, IHI Corporation, J. Wagner GmbH, Larius S.r.l, Nordson Corporation, OC Oerlikon, Praxair Surface Technologies Inc. (Linde plc) and Samvardhana Motherson Group.
Report Features | Details |
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Base Year of the Analysis | 2024 |
Historical Period | 2019-2024 |
Forecast Period | 2025-2033 |
Units | Billion USD |
Segment Coverage | Product, Distribution Channel, Application, Region |
Region Covered | Asia Pacific, Europe, North America, Latin America, Middle East and Africa |
Countries Covered | United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico |
Companies Covered | Anest Iwata Corporation, Asahi Sunac Corporation, Castolin Eutectic, Graco Inc., Hydromer, IHI Corporation, J. Wagner GmbH, Larius S.r.l, Nordson Corporation, OC Oerlikon, Praxair Surface Technologies Inc. (Linde plc) and Samvardhana Motherson Group. |
Customization Scope | 10% Free Customization |
Post-Sale Analyst Support | 10-12 Weeks |
Delivery Format | PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request) |
The global coating equipment market was valued at USD 23.1 Billion in 2024.
We expect the global coating equipment market to exhibit a CAGR of 4.69% during 2025-2033.
The growing utilization of coating equipment across the commercial and residential spaces for
promoting uniform distribution of paints on different components and ensuring optimum drying and proper mixing of several substances is primarily driving the global coating equipment market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent
lockdown regulations across several nations, resulting in the temporary closure of numerous end-use industries, thereby limiting the demand for coating equipment.
Based on the product, the global coating equipment market has been segmented into powder coating equipment, liquid coating equipment, and specialty coating equipment. Among these, specialty coating equipment represents the largest market share.
Based on the application, the global coating equipment market can be bifurcated into automotive, aerospace, construction, industrial, and others. Currently, the automotive sector accounts for the majority of the total market share.
On a regional level, the market has been classified into North America, Europe, Asia-Pacific, Middle East and Africa, and Latin America, where Asia-Pacific currently dominates the global market.
Some of the major players in the global coating equipment market include Anest Iwata Corporation, Asahi Sunac Corporation, Castolin Eutectic, Graco Inc., Hydromer, IHI Corporation, J. Wagner GmbH, Larius S.r.l, Nordson Corporation, OC Oerlikon, Praxair Surface Technologies Inc. (Linde plc), and Samvardhana Motherson Group.