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Is coating equipment important in the industrial market?

Is coating equipment important in the industrial market?

Nov 09 , 2021

The significant growth of the construction and automobile industry in developing countries are driving the coating equipment market. Coating equipment is increasingly important in the industrial market.

In 2020, the specialty coating equipment segment accounted for the largest share of the overall coating equipment market. The growing specialty coating market is driving the demand for coating equipment.

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Coating equipment are used in the application of coatings of machines, tools, and equipment used in the Industrial end-user industry. In the power generation industry, oil & gas industry, and consumer appliances industry. Rapid industrialization and development of new manufacturing facilities are expected to increase the demand for coating equipment, globally. PVD and CVD coatings are preferred for coating metal components and moving parts.

APAC (Asia Pacific) is estimated to be the largest market for Coating Equipment. The market in the region is primarily driven by the rising demand for building and infrastructure, industrial and automotive. The demand for coating equipment is mainly catered by global players manufacturing automobiles.

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