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Global Industrial Coating Equipment Market 2019-2023| Rising Adoption of Automated Coating Systems to Promote Growth| Technavio

December 4, 2018

LONDON--(BUSINESS WIRE)--Dec 4, 2018--The global industrial coating equipment market is expected to post a CAGR of over 4% during the period 2019-2023, according to the latest market research report by .

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Technavio has released a new market research report on the global industrial coating equipment market for the period 2019-2023. (Graphic: Business Wire)

A key factor driving the growth of the market is the reducing demand for solvent-based coatings. Solvent-based coatings comprise of high level of organic compounds and are less prone to damage from exposure to temperature and humidity. In the liquid coatings segment, solvent-based varnishes were the preferred choice for coating applications and still dominates. However, in the last decade, the demand for solvent-based coatings has declined owing to the increasing emergence of environmental regulations. This is because solvent-based coatings emit VOCs that pollute the environment.

This market research report on the also provides an analysis of the most important trends expected to impact the market outlook during the forecast period. Technavio classifies an emerging trend as a major factor that has the potential to significantly impact the market and contribute to its growth or decline.

This report is available at a USD 1,000 discount for a limited time only:

In this report, Technavio highlights the rising adoption of automated coating systems as one of the key emerging trends in the global industrial coating equipment market:

Global industrial coating equipment market: Rising adoption of automated coating systems

Automation has been registering significant growth in industries due to the rising awareness of its benefits and declining cost of automation solutions. The global industrial coating equipment market has been moving towards automating its production line. As a process, coating is highly repetitive, hazardous, and requires high accuracy. The use of automation in the coating process can remove irregularities that may occur while manually carrying out the process.

“Most of the industrial coating equipment manufacturers in the market are now offering automation solution for coating applications. Spray application is one of the key areas wherein automated systems are being used in the coating process. The use of automated spray systems helps in simplifying the process. The significant aim of an effective spray system is to evenly spray coat the target area with the least amount of irregularities,” says a senior analyst at Technavio for research on paints, coatings, and pigments.

Global industrial coating equipment market: Segmentation analysis

This market research report segments the global industrial coating equipment market by end-user (discrete industry and process industry) and geographical regions (the Americas, APAC, and EMEA).

The discrete industry segment held the largest market share in 2018, accounting for over 56% of the market. This end-user segment is expected to dominate the global market throughout the forecast period.

APAC led the market in 2018 with a market share of nearly 50%. This region is expected to dominate the market through 2023.

Looking for more information on this market?

Technavio’s sample reports are free of charge and contain multiple sections of the report such as the market size and forecast, drivers, challenges, trends, and more.

Some of the key topics covered in the report include:

Market Landscape

Market ecosystem Market characteristics Market segmentation analysis

Market Sizing

Market definition Market size and forecast

Five Forces Analysis

Market Segmentation

Geographical Segmentation

Regional comparison Key leading countries

Market Drivers

Market Challenges

Market Trends

Vendor Landscape

Vendors covered Vendor classification Market positioning of vendors Competitive scenario

About Technavio

is a leading global technology research and advisory company. Their research and analysis focuses on emerging market trends and provides actionable insights to help businesses identify market opportunities and develop effective strategies to optimize their market positions.

With over 500 specialized analysts, Technavio’s report library consists of more than 10,000 reports and counting, covering 800 technologies, spanning across 50 countries. Their client base consists of enterprises of all sizes, including more than 100 Fortune 500 companies. This growing client base relies on Technavio’s comprehensive coverage, extensive research, and actionable market insights to identify opportunities in existing and potential markets and assess their competitive positions within changing market scenarios.

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View source version on businesswire.com:https://www.businesswire.com/news/home/20181204005682/en/

CONTACT: Technavio Research

Jesse Maida

Media & Marketing Executive

US: +1 844 364 1100

UK: +44 203 893 3200

www.technavio.com

KEYWORD:

INDUSTRY KEYWORD: TECHNOLOGY OTHER TECHNOLOGY MANUFACTURING CHEMICALS/PLASTICS OTHER MANUFACTURING NATURAL RESOURCES MINING/MINERALS OTHER NATURAL RESOURCES

SOURCE: Technavio Research

Copyright Business Wire 2018.

PUB: 12/04/2018 09:54 AM/DISC: 12/04/2018 09:54 AM

http://www.businesswire.com/news/home/20181204005682/en

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