Global Coating Equipment Market to Reach USD 35.7 Billion by 2033, Stimulated by Significant Growth in the Automotive Industry

December 31, 2024 | Chemical & Materials

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According to the latest report by IMARC Group, titled “Coating Equipment Market Report by Product (Powder Coating Equipment, Liquid Coating Equipment, Specialty Coating Equipment), Distribution Channel (Wholesale Distributor, Retail Distributor), Application (Automotive, Aerospace, Construction, Industrial, and Others), and Region 2025-2033,” the global coating equipment market size reached USD 23.1 Billion in 2024. Coating equipment encompasses a wide range of devices, including spray guns, rollers, dip tanks, and more specialized machines, including powder coating systems and thermal spray equipment. These tools enable the precise application of coatings such as paint, powder, adhesives, varnishes, and protective films onto surfaces made of metal, wood, and plastics. The primary objectives of coating equipment are to enhance the durability, appearance, and functionality of products. In the automotive industry, coating equipment is used to apply protective paint layers to prevent corrosion and improve aesthetics. In construction, it's employed to waterproof and protect building materials. In the food industry, coating equipment may be used to apply food-grade coatings to packaging materials.

Global Coating Equipment Market Trends:

The increasing demand for advanced coatings across various industries is driving the global market. As industries seek to improve the durability, aesthetics, and functionality of their products, they are increasingly adopting advanced coating technologies. These coatings enhance corrosion resistance, provide thermal insulation, offer UV protection, and impart other desirable properties to a wide range of surfaces, from automotive components to architectural structures. Moreover, the automotive and aerospace industries have played a pivotal role in augmenting the coating equipment market. These sectors require precise and high-performance coatings to meet stringent quality and performance standards. Coating equipment manufacturers have responded by developing advanced systems that can apply coatings with precision and consistency, leading to increased demand for such equipment. Additionally, the growing emphasis on energy efficiency and sustainability has fueled the demand for coating equipment in the construction and renewable energy sectors. Coatings can enhance the energy performance of buildings, solar panels, and wind turbines. Looking forward, the market value is projected to reach USD 35.7 Billion by 2033, expanding at a CAGR of 4.69% during 2025-2033.

Market Summary:

Based on the product, the market has been segmented into powder, liquid, and specialty coating equipment.
On the basis of the distribution channel, the market has been divided into wholesale and retail distributors.
Based on the application, the market has been bifurcated into automotive, aerospace, construction, industrial, and others.
Region-wise, the market has been segmented into North America (the United States and Canada), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia, and others), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia, and others), Latin America (Brazil, Mexico, and others), and Middle East and Africa.
The competitive landscape of the market has also been examined, with some 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 Scope:

Report Features	Details
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)

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Global Coating Equipment Market to Reach USD 35.7 Billion by 2033, Stimulated by Significant Growth in the Automotive Industry

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