Global Vacuum Coating Equipment Market

The coating equipment is used for the application of the coating to a substrate. Coating equipment is used to coat machines, tools, instruments, and other items or articles that are intended for specific functions, services, purposes, or activities in order to protect them from corrosion or degradation and to extend their life span with lower maintenance and part replacement costs. The main types of coating equipment are powder coating equipment, liquid coating equipment, and specialty coating equipment. Powder coating refers to polymer resin systems combined with curatives, pigments, levelling agents, flow modifiers, and other additives. Powder spray guns and powder spray booths are generally used for the application of powder coatings. The different materials include polyester, polyurethane, acrylic, PVC, epoxy, and silicon and are used in various applications such as brushed, dipped, or sprayed surfaces, diffusion, laser processing, plating, thermal spraying, and vapor deposition. It is employed in several sectors, including automotive, medical, aerospace, industrial, building and construction, marine, electrical and electronics, and other end users. The coating equipment market research report is one of a series of new reports from The Business Research Company that provides coating equipment market statistics, including coating equipment industry global market size, regional shares, competitors with a coating equipment market share, detailed coating equipment market segments, market trends and opportunities, and any further data you may need to thrive in the coating equipment industry. This coating equipment market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global coating equipment market size grew from $20.44 billion in 2022 to $22.29 billion in 2023 at a compound annual growth rate (CAGR) of 9.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The coating equipment market size is expected to grow to $29.33 billion in 2027 at a CAGR of 7.1%. The growth in demand for electric vehicles will drive the growth of the coating equipment market going forward. Electric vehicles are those that are powered entirely or partially by electricity. Electric vehicles have minimal operating expenses since they have fewer moving parts to maintain, and they are also very eco-friendly because they consume little or no fossil fuels (petrol or diesel). Coatings are essential in keeping the substrates of electric vehicles and their components free of rust and other damage. It also has a big impact on the aesthetics of electric vehicles. For instance, according to the International Energy Agency, the global electric car stock reached 10 million units in 2020, a 43% growth over 2019. In addition, China had the largest fleet, with 4.5 million electric vehicles, but Europe had the largest annual rise, reaching 3.2 million in 2020. Therefore, the increase in demand for electric vehicles propels the growth of the coating equipment market. The strategic agreements between coating equipment manufacturers and end-use industry players have emerged as a major trend impacting the market. Major companies operating in the coating equipment sector are focused on strategic agreements to strengthen their position. For instance, in October 2021, Nordson Michelman, Inc., a US-based developer and manufacturer of materials for industrial manufacturing, coatings, printing, and packaging, partnered with CMS Industrial Technologies, LLC, a US-based manufacturer of industrial and converting equipment. With the partnership, the companies intended to develop Michelman’s coating machinery, including slide-angle testers, blade coaters, spray coaters, and rod and press rod coaters. Moreover, in October 2021, Michelman, a US-based chemical company, formed a partnership with CMS Industrial Technologies LLC, a US-based equipment supplier, to manufacture coating equipment such as rod coaters, press rod coaters, blade coaters, spray coaters, and slide-angle testers. CMS will also provide engineering, replacement parts, and support. In August 2021, Odyssey Investment Partners, a US-based private equity investment firm, announced the acquisition of Painters Supply & Equipment Co. for an undisclosed amount. The acquisition will generate recurring revenue for Odyssey while also providing exceptional value to both vendor partners and customers. Painters Supply & Equipment Co. is a US-based company that offers a wide range of specialty coatings and services. Major players in the coating equipment market are IHI Corporation, Nordson Corporation, OC Oerlikon Management AG, SATA GmbH & Co. KG, Graco Inc., ANEST IWATA Corporation, Bühler AG, ASAHI SUNAC CORPORATION, Wagner GmbH, Carlisle Companies, Exel Industries, PVD Products Inc., Miba AG, Semicore Equipment Inc., Guangdong HuiCheng Vacuum Technology Co.Ltd., Oxford Instruments, AJA INTERNATIONAL, Picosun Oy, CVD Equipment Corporation, ULVAC, T-M VACUUM PRODUCTS Inc., Blösch AG, KOLZER SRL, Fujimi Corporation, Singulus Technologies AG, Gema USA Inc., and Axalta Coating Systems. Asia-Pacific was the largest region in the coating equipment market in 2022. North America was the second-largest market in the coating equipment market. The regions covered in the coating equipment market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the coating equipment market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The coating equipment market consists of sales of standard coating pans and fluidized bed coaters. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global coating equipment market is segmented - 1) By Coating Type: Powder Coating Equipment, Liquid Coating Equipment, and Specialty Coating Equipment 2) By Material Type: Polyester, Polyurethane, Acrylic, PVC, Epoxy, Silicon 3) By Application: Brushed, Dipped Or Sprayed, Diffusion, Laser Processing, Plating, Thermal Spray, Vapor Deposition 4) By End Use Industry: Automotive, Medical, Aerospace, Industrial, Building and Construction, Marine, Electrical and Electronics, and Other End Users

The term "coating additives" refers to a specialized group of chemically engineered materials designed to enhance performance by modifying the rheology and coating formulations' anti-foaming, wetting, and dispersing properties. Coating additives are used to remove defects in the coating, such as foam bubbles, poor levelling, and flocculation. They are also used to impart specific properties to the formulations, such as better slip, flame retardance, UV stability, chemical resistance, and other properties. The main types of coating additives are acrylics, fluoropolymers, urethane, metallic additives, and others (epoxy, polyalkyds, and amines). Acrylic is a synthetic resin and mild alkaline polymer material (methyl isobutyl ketone) that is used to create high-quality and long-lasting acrylic coatings and paintings. It is divided into categories based on its intended use. The functions of coating additives are anti-foaming, wetting and dispersion, rheology modification, biocide production, impact modification, and others. It is used in architectural applications, automotive applications, industrial applications, wood and furniture, and others. The coating additives market research report is one of a series of new reports from The Business Research Company that provides coating additives market statistics, including global market size, regional shares, competitors with a coating additives market share, detailed coating additives market segments, market trends and opportunities, and any further data you may need to thrive in the coating additives industry. This coating additives market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global coating additives market size grew from $8.64 billion in 2022 to $9.38 billion in 2023 at a compound annual growth rate (CAGR) of 8.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The coating additives market size is expected to grow to $12.95 billion in 2027 at a CAGR of 8.4%. The strong growth in buildings and the construction sector is driving the growth of the market. In the construction sector, coating additives are used to improve the viscosity, surface effectiveness, and impact resistance of substrates. The rapid growth in residential and commercial construction activities across the globe and the growing adoption of environmentally friendly additives to improve wall and roof installations while maintaining environmental impact According to the study published by the United States Census Bureau, the annual number of residential housing units constructed increased from 583,000 units in 2009 to 1.5 million units in 2021. Thus, strong growth in the building and construction sector is expected to boost the coating additives market during the forecast period. The company's investment in R&D is the key trend gaining popularity in the coating additives market. Companies operating in the coating additives market are increasing investments in R&D and initiatives to develop technologically advanced products to meet demand from various end-user industries across the globe. For example, in June 2021, BASF, a multinational chemical company, invested in a new R&D centre in Japan for the development and production of new products. This R&D center was established to get global R&D expertise and local R&D flexibility to provide the best solutions. In January 2020, Milliken & Company, a USA-based manufacturer of floor coverings, performance and protective textiles, and other industrial products, acquired Borchers Group Limited, an Ohio-based manufacturer of high-performance coating additives, from The Jordan Company, L.P. for an undisclosed amount. The acquisition by Milliken & Company is focused on expanding its operational and business presence in the specialty coating additives sector across the globe. Major players in the coating additives market are Akzo Nobel NV, ANGUS Chemical Company, Arkema, Ashland Global Holdings, Inc., Momentive Performance Materials, Inc., Solvay SA, Clariant AG, Dow Chemical Co., Eastman Chemical Company, Elementis PLC, Evonik Industries AG, Allnex Netherlands B.V., Ineos Group AG, Kamin LLC, Keim Additec Surface GmbH, BYK Additives & Instruments, Cabot Corporation, Kyoeisha Chemical Co., Ltd., Michelman Inc., Rhodia SA, Shamrock Technologies, and Shin Etsu chemical Co Ltd. Asia-Pacific was the largest region in the coating additives market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in the coating additives market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the coating additives market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, the UK, and the USA. The coating additives market consists of sales of coating additive formulations such as solvent-borne coatings and water-borne coatings. Values in this market are ‘factory gate’ values, that is, the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global coating additives market is segmented - 1) By Type: Acrylics, Fluoropolymers, Urethanes, Metallic Additives, Other Types 2) By Function: Anti-foaming, Wetting & Dispersion, Rheology modification, Biocides, Impact Modification, Other Functions 3) By Application: Architectural Application, Automotive, Industrial Application, Wood & Furniture, Other Applications 

Vacuum insulation refers to an insulation service that is used to provide better insulation performance than conventional insulation materials and to transport heat-sensitive products in extreme conditions and high temperatures. It is a flat element consisting of an open porous core material that withstands the external load caused by atmospheric pressure and a gas-tight envelope to maintain the required vacuum quality. The main types of vacuum insulation are flat-panel and special-shape panels. Flat panels are used for optimised temperature insulation that is based on the principle of the thermos flask. The various raw materials include plastics, metals, and core materials such as silica, fiberglass, and other core materials. These are used in construction, cooling and freezing devices, logistics, and other end-user industries. The vacuum insulation market research report is one of a series of new reports from The Business Research Company that provides vacuum insulation market statistics, including vacuum insulation industry global market size, regional shares, competitors with a vacuum insulation market share, detailed vacuum insulation market segments, market trends and opportunities, and any further data you may need to thrive in the vacuum insulation industry. This vacuum insulation market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global vacuum insulation market size grew from $8.6 billion in 2022 to $9.27 billion in 2023 at a compound annual growth rate (CAGR) of 7.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vacuum insulation market size is expected to grow to $12.33 billion in 2027 at a CAGR of 7.4%. Increased utilisation across cooling and freezing applications is expected to propel the growth of the vacuum insulation market going forward. Freezing applications use vacuum insulation to help keep food cool for a longer period than other coolers. Vacuum insulation is helpful for fast and safe refrigerated transport of medicines and pharmaceutical products. For instance, in March 2022, according to The Economic Times, an India-based business-focused daily newspaper, sales of cooling appliances increased by 15% in the year 2020 as compared to 2019 as stated by major consumer electronics manufacturing companies such as Haier, Godrej Appliances, and Lloyd. Therefore, the increased utilization across cooling and freezing applications is driving the vacuum insulation market. Technological advancements are a key trend gaining popularity in the vacuum insulation market. Major companies operating in vacuum insulation are developing new products with innovative technologies to strengthen their position in the market. For instance, in 2021, Panasonic Corporation, a Japan-based company operating in vacuum insulation, launched its innovative vacuum insulating product known as the VIXELL Vacuum Insulated Cooking Box, which uses contactless power supply technology to enable the user to determine insulation performance. In July 2021, Vitro Architectural Glass, the largest a US-based glass producer, acquired LandGlass and VIG Technologies for an undisclosed amount. Through this acquisition, Architectural Glass aims to expand its vacuum insulating glass products to North America. LandGlass and VIG Technologies are North American-based manufacturers of vacuum-insulated glass. Major players in the vacuum insulation market are BASF SE, M&I Materials Limited, Morgan Advanced Materials (U.K.), Evonik Industries AG (Germany), LG Hausys (South Korea), Panasonic Corporation (Japan), Dow (U.S.), Kevothermal (Mexico), ThermoCor (U.S.), Va-Q-Tec AG (Germany), Microtherm Sentronic GmbH (Belgium), OCI Company Ltd. (Korea), AVERY DENNISON CORPORATION (U.S.), Kingspan Group (Ireland), KCC CORPORATION (South Korea), and OCI Company Ltd. (Korea) Asia-Pacific was the largest region in the vacuum insulation market in 2022. North America is expected to be the fastest-growing region in the forecast period. The regions covered in this vacuum insulation market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, the Middle East, and Africa. The countries covered in the vacuum insulation market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The vacuum insulation market includes revenues earned by preventing heat loss through conduction. The market value includes the value of related goods sold by the service provider or included within the service offering. Only goods and services traded between entities or sold to end consumers are included. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global vacuum insulation market is segmented - 1) By Type: Flat Panel, Special Shape Panel 2) By Raw Material: Plastics, Metals 3) By Core Material: Silica, Fiberglass, Other Core Materials 4) By End-User Industry: Construction, Cooling and Freezing Devices, Logistics, Other End-User Industries

Vacuum insulation panel refers to thermal insulation that consists of a gas-tight shell enclosing a rigid core that has been evacuated of air. They are manufactured with microporous core encapsulated and vacuum sealed in impermeable high gas barrier film under vacuum. The advantages of vacuum insulation panels are good thermal efficiency, reliable long-term performance, and fit in tight spaces in new buildings. The main types of vacuum insulation panel are flat and special shape. Flat vacuum insulation panels refers to vacuum insulation panels that are flat in shape and they are widely used in logistics, construction, and cooling and freezing industry as they have high thermal insulation properties. The materials used in vacuum insulation panels are silica, fiberglass, plastic, metal, other raw materials. The vacuum insulation panels are used in construction, cooling and freezing devices, logistics, other applications. The vacuum insulation panels market research report is one of a series of new reports from The Business Research Company that provides vacuum insulation panels market statistics, including vacuum insulation panels industry global market size, regional shares, competitors with a vacuum insulation panels market share, detailed vacuum insulation panels market segments, market trends and opportunities, and any further data you may need to thrive in the vacuum insulation panels industry. This vacuum insulation panels market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenarios of the industry. The global vacuum insulation panel market size grew from $7.33 billion in 2022 to $7.7 billion in 2023 at a compound annual growth rate (CAGR) of 5.0%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The vacuum insulation panel market size is expected to grow to $9.29 billion in 2027 at a CAGR of 4.8%. The growth in the construction industry is expected to drive the growth of the vacuum insulation panel in the forecast period. The growth in the construction industry is due to rapid urbanization and a rise in income. The vacuum insulation panels are used during the construction as they help in reducing the consumption of energy in commercial and residential buildings. According to the Building and Construction Authority (BCA), Singapore the demand for total construction in 2022 is anticipated to be between S$27 billion and S$32 billion. Therefore, the growth in the construction industry helps in the growth of the vacuum insulation panel market. Innovation is a key trend in the vacuum insulation panel market. Innovation in the product is crucial to remain competitive in the market. Self-healing films are an innovation that is gaining traction. The thermal resistance of vacuum insulation panels (VIPs) is around R40/inch. During shipment and installation, the barrier film, that maintains the panel's vacuum and thermal performance can be readily broken. The Oak Ridge National Laboratory is developing a self-healing barrier coating for VIPs that will instantaneously fix puncture damage. The self-healing barrier coating will prevent vacuum loss, allowing the VIPs to maintain thermal performance. In January 2022, Kingspan Group, an Ireland-based building materials company that provides high-performance insulation and building envelope solutions, acquired Thermal Visions for an undisclosed amount. This acquisition will benefit Kingspan's fast-developing vacuum insulation panel business in North America, focused on the re-roofing industry. Thermal Visions will bring a durable fiberglass vacuum insulation panel solution to assist Kingspan's packaging expansion in the United States and Europe. Thermal Visions Inc is a US-based developer and manufacturer of vacuum insulation panels. Major players in the vacuum insulation panel market are Evonik Industries AG, Panasonic, DOW Corning, Kevothermal LLC, Microtherm Sentronic GmbH, Va Q Tec AG, Kevothermal, Porextherm Dammstoffe GmbH, Kingspan, Knauf Insulation, Thermal Visions Inc., Rockwool International, NanoPore, Qingdao Jinko VIP, and Thermal Conservation. Asia-Pacific was the largest region in the vacuum insulation panel market in 2022. Asia-Pacific is expected to be the fastest-growing region in the forecast period. The regions covered in vacuum insulation panels market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa. The countries covered in the vacuum insulation panel market report are Australia, Brazil, China, France, Germany, India, Indonesia, Japan, Russia, South Korea, UK, USA. The vacuum insulation panel market consists of sales of fumed silica, aerogel and silica panels. Values in this market are ‘factory gate’ values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global vacuum insulation panel market is segmented - 1) By Type: Flat, Special shape 2) By Raw Material: Silica, Fiberglass, Plastic, Metal, Other Raw Materials 3) By Application: Construction, Cooling and Freezing Devices, Logistics, Other Applications

Waterborne coatings are coatings that use water as a solvent to spread a resin, making them environmentally safe and simple to apply. Waterborne coatings utilize binders such as copolymers of acrylic, vinyl, and styrene compounds. The main types of water-borne coatings are acrylic, epoxy, polyurethane, polyester, alkyd, polyvinylidene chloride (PVDC), polyvinylidene fluoride (PVDF), and others. Polyurethane is a type of plastic that is commonly used to manufacture paint or substances that prevent water or heat from getting through. The water-borne coatings are applied in appliances, automotive, architectural, marine, packaging, wood, and general industry and are used by building and construction, automotive, industrial, wood, and other sectors. The water-borne coatings market research report is one of a series of new reports from The Business Research Company that provides water-borne coatings market statistics, including global market size, regional shares, competitors with a water-borne coatings market share, detailed water-borne coatings market segments, market trends and opportunities, and any further data you may need to thrive in the water-borne coatings industry. This water-borne coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global water borne coatings market size will grow from $107.98 billion in 2022 to $114.8 billion in 2023 at a compound annual growth rate (CAGR) of 6.3%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global water borne coatings market size is expected to grow from $142.61 billion in 2027 at a CAGR of 5.6%. There is a rapid growth in the consumption of water-borne coatings in many industries, such as automotive, construction, and manufacturing. Water-borne coatings are widely used in printing inks, in the automotive OEM sector, plastics, and other manufacturing industries. Therefore, growth in end-user industries is expected to drive the market for waterborne coatings. Rising costs are acting as a restraint on the waterborne coatings market. The rise in raw material costs resulted in higher manufacturing costs, thus decreasing investment in research and development of new products. For instance, according to a blog by HPS Hygienic Pigging Systems, a UK-based integrated design and manufacturing company, the prices of raw materials used to make paint and coatings such as solvents increased in March 2021 with acetone at 123%, n-butyl acetate at 91%, and n-butanol at 54% respectively. The prices of raw materials increased by 10% more in June 2021 and by around 50% in December 2021. Thus, the rise in raw material costs will restrict the growth of the market. Additionally, companies invested heavily in marketing their products due to intense competition in the market. Rising trucking, railroad, dry-bulk, and air-freight rates also negatively impacted the market. This rise in operating costs puts pressure on companies to protect margins while maintaining the quality of their products. Smart coatings and high-performance coating technologies are being adopted by companies to enhance the efficiencies of coating compounds. Nanocoatings are a type of smart coating that has extremely tiny particles and unique characteristics such as flexibility, resistance to corrosion, and micro-bacterial growth. Fluoropolymer coating is known for its high-performance properties such as durability and cost-efficiency. Major players in the water-borne coatings market are BASF SE, Axalta Coating Systems LLC., Berger Paints India Ltd., Kansai Paint Co. Ltd., Nippon Paint Holdings Company Ltd., PPG Industries Inc., RPM International Inc., The Sherwin-Williams Company, The Valspar Corporation, and Tikkurila Oyj. Asia-Pacific was the largest region in the water-borne coatings market in 2022. Western Europe was the second-largest region in the global water-borne coatings market. The regions covered in the global water-borne coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the water borne coatings market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The waterborne coatings market consists of the sales of waterborne powder, urethane, and fluoropolymer waterborne coatings. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global water borne coatings market is segmented - 1) By Type: Acrylic, Epoxy, Polyurethane, Polyester, Alkyd, Polyvinylidene Chloride (PVDC), Polyvinylidene Fluoride (PVDF), Other Types 2) By Application: Appliances, Automotive, Architectural, Marine, Packaging, Wood, General industrial 3) By End Userr Industry: Bilding and Construction, Automotive, Industrial, Wood, Other End-User Industries

Powder coating is a finishing process that keeps the binder and filler parts in a liquid suspension form. Powder coating is a technique that generally involves coating an entity with free-flowing, dry powder electrostatically and then curing it under heat or with ultraviolet light. The main types of powder coatings are thermoset and thermoplastic. Thermoset materials are used in the majority of powder coating techniques because they can offer a durable and beautiful surface layer. The main coating methods are electrostatic spray and the fluidized bed that is applied in appliances, automotive, architectural, furniture, agriculture, construction, earthmoving equipment (ACE), general industrial, and other sectors. The powder coatings market research report is one of a series of new reports from The Business Research Company that provides powder coatings market statistics, including powder coatings industry global market size, regional shares, competitors with a powder coatings market share, detailed powder coatings market segments, market trends and opportunities, and any further data you may need to thrive in the powder coatings industry. This powder coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global powder coatings market size will grow from $17.82 billion in 2022 to $19.15 billion in 2023 at a compound annual growth rate (CAGR) of 7.5%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global powder coatings market size is expected to grow from $24.79 billion in 2027 at a CAGR of 6.7%. Powder coatings release a negligible amount of volatile organic compounds (VOC) when compared to solvent-based coatings. VOCs are carbon compounds that become gas at room temperature and are the main reason for air pollution. Governments across the world are trying to enforce different regulatory acts to reduce the emissions of VOCs. For instance, to reduce the emission of VOC, the Hong Kong government has implemented a regulation that restricts products that exceed the standard emission of VOC in the country. Thus, limitations on products that generate high VOCs promote the sales of powder coatings, thereby driving the market. Powder coating is an energy-intensive process that consumes more energy during the curing process. Curing is a chemical process where paint is allowed to dry and harden. The high consumption of energy increases the operating expenses of manufacturing companies. For example, in Sweden, nearly 350 powder coating plants are using more than one metric ton of coating powder, which accounts for the total energy usage of 525 GWh/year, corresponding to 1.5 GWh/year per plant. Thus, the high energy consumption of powder coating restrains the growth of the market. Companies are now focusing on a new coating technology for heat-sensitive substrates such as medium-density fiberboard (MDF). This technology consumes less power as the curing process is done at a lower temperature compared to the conventional method. For instance, IGP-RAPID, released by IGP, is based on new raw materials combined with IGP technology and enables low-temperature powder coatings at 266 °F (130 °C) and curing times of 3 minutes. This technology is ecological, enhances product design, and provides long-term functional protection. Major players in the powder coatings market are AkzoNobel N.V., PPG Industries, Sherwin Williams, BASF SE, Axalta Coating Systems, Kansai Nerolac Paints Limited, Jotun, IFS Coatings, The Valspar Corporation, Asian Paints, and RPM International Asia-Pacific was the largest region in the powder coatings market in 2022. Western Europe was the second-largest region in the global powder coatings market. The regions covered in the global powder coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the powder coatings market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The powder coating market consists of the sales of epoxies, polyesters, super durable polyesters, epoxy-polyester hybrids, fluoropolymers, and urethanes powder coatings. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global powder coatings market is segmented - 1) By Type: Thermoset, Thermoplastic 2) By Coating Method: Electrostatic Spray, Fluidized Bed 3) By End Userr Application: Appliances, Automotive, Architectural, Furniture, Agriculture, Construction, & Earthmoving Equipment (ACE), General Industrial, Other End-User Applications

Solvent-based coatings contain organic compounds like solvents and constitute liquefying agents that evaporate through a chemical reaction with oxygen. Solvent-based coatings include high levels of organic compounds than water-based coatings and offer a long durability. The main types of solvent-based coatings are one-component system solvent-borne coatings and two-component system solvent-borne coatings. A two-component (2K) solvent-borne coating formulation consisting of dispersion as a first component and an acrylate binder with hydroxyl functionalities. The solvent-based coatings are applied in automotive solvent-borne coatings, industrial solvent-borne coatings, and printing inks that are used in utilities, oil and gas industries, manufacturing industries, hospitals, and other industry verticals. The solvent based coatings market research report is one of a series of new reports from The Business Research Company that provides solvent based coatings market statistics, including solvent based coatings industry global market size, regional shares, competitors with a solvent based coatings market share, detailed solvent based coatings market segments, market trends and opportunities, and any further data you may need to thrive in the solvent based coatings industry. This solvent-based coatings market research report delivers a complete perspective of everything you need, with an in-depth analysis of the current and future scenario of the industry. The global solvent based coatings market size will grow from $38.09 billion in 2022 to $41.81 billion in 2023 at a compound annual growth rate (CAGR) of 9.8%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, causing inflation across goods and services and affecting many markets across the globe. The global solvent based coatings market size is expected to grow from $58.73 billion in 2027 at a CAGR of 8.9%. Solvent-based coatings are beneficial in humid environments. The time required to dry solvent-based coatings is very short when compared to water-based coatings, which are less efficient in humid environments. Solvent-based coatings are composed of liquefying agents that help speed up the drying process through a chemical reaction with the oxygen available in the environment. This nature of solvent-based coatings makes them easy to apply in a humid environment and at different temperatures. Moreover, many industries prefer solvent-based coatings to avoid chemical reactions owing to their quick-drying nature. For example, companies like Jamestown Coating Technologies produce industrial paints that are solvent-based and more durable when compared to water-based coatings. Thus, the nature of quick-dry in solvent-based coatings benefits their application in humid environments and thereby contributes to the growth of the market. Solvent-based coatings release volatile organic compounds (VOC) into the environment, causing environmental damage and affecting human health. VOCs are carbon compounds that become gas at room temperature and are the main reason for air pollution. Governments across the world are coming up with different regulatory acts to curb the emission of VOCs. For instance, to reduce the emission of VOC, the Hong Kong government has implemented a regulation that restricts products that exceed the standard emission of VOC in the country. Thus, the emission of VOCs into the atmosphere from solvent-based coatings limits the growth of the market. The adoption of PET technology is increasing as it enables the homogenous distribution of mineral particles during painting. It is an acrylic polymer capable of encapsulating mineral pigments in the organic phase, which is a solvent phase. The main performance of the coatings comes from the bulk of the binder composition. However, additional polymer features such as crosslinking, oxidative or UV (Ultra Violet) curing, and specific morphology can boost overall performance, improving the dirt pick-up resistance in most cases. PET technology is being widely adopted by many customers and establishments to improve paint longevity and enhance resistance to climate variations and dirt from manmade and natural sources. Some of the major companies that have adopted this technology are Vermont Photo Inkjet, AkzoNobel N.V., Sherwin-Williams Company, and RPM International Inc. Major players in the solvent based coatings market are BASF, AkzoNobel, PPG, Sherwin-Williams, Henkel, Valspar, 3M, HB Fuller, Eastman Chemical Company, and Arkema SA. Asia-Pacific was the largest region in the solvent based coatings market in 2022. Western Europe was the second-largest region in the global solvent based coatings market. The regions covered in the global solvent based coatings market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the solvent based coatings market are Brazil, China, France, Germany, India, Indonesia, Japan, South Korea, Russia, UK, USA, and Australia. The solvent-based coatings market consists of the sales of alkyd, polyester high solids, single component epoxy, 2-component urethane & epoxy, fluoropolymer 2-component, and non-isocyanate 2-component acrylic solvent-based coatings. Values in this market are factory gate values, that is the value of goods sold by the manufacturers or creators of the goods, whether to other entities (including downstream manufacturers, wholesalers, distributors, and retailers) or directly to end customers. The value of goods in this market includes related services sold by the creators of the goods. The market value is defined as the revenues that enterprises gain from the sale of goods and/or services within the specified market and geography through sales, grants, or donations in terms of the currency (in USD, unless otherwise specified). The revenues for a specified geography are consumption values that are revenues generated by organizations in the specified geography within the market, irrespective of where they are produced. It does not include revenues from resales along the supply chain, either further along the supply chain or as part of other products. The global solvent based coatings market is segmented - 1) By Type: One Component System Solvent Borne Coating, Two Component System Solvent Borne Coating 2) By Application: Automotive Solvent Borne Coatings, Industrial Solvent Borne Coatings, Printing Inks 3) By Industry Vertical: Utilities, Oil & Gas Industry, Manufacturing Industry, Hospitals, Other Industry Verticals

The coating, engraving, heat treating, and allied activities market consists of the sales of entities (organizations, sole traders or partnerships) that heat treat metals and metal products, enamel, lacquering, and varnishing metals and metal products, hot-dip galvanizes metals and metal products, engrave, chase or etch metals and metal products (except jewellery, personal goods carried on or about the person, such as compacts and cigarette cases, precious metal products (except precious plated flatware and other plated ware) and printing plates), powder coat metals and metal products, electroplate, plate, anodize, colour, and finish metals and metal products, and/or provide other metal surfacing services for the trade. Establishments in this industry coat, engrave, and heat-treat metals and metal formed products fabricated elsewhere. The main types of coating, engraving, heat treating, and allied activities are metal heat treating, metal coating, engraving and allied services to manufacturers, electroplating, plating, polishing, anodizing, and colouring. Electroplating is the method of plating a metal onto the other by hydrolysis to prevent corrosion of metal or for decorative purposes. The treatment is spheroidizing, stress-relieving, quenching & tempering, and normalizing. The various applications involved manufacturing, automotive, and other applications. The global coating, engraving, heat treating, and allied activities market size is expected to grow from $197.01 billion in 2021 to $204.83 billion in 2022 at a compound annual growth rate (CAGR) of 4%. The coating, engraving, heat treating, and allied activities market is expected to grow to $222.59 billion in 2026 at a CAGR of 2.1%. Laser engraving system technology is being highly used by the companies involved in the engraving, etching and chasing of metals. Laser engraving and laser etching are contact-free, reduce surface damage, are durable, and are safer than toxic solvents, inkjet and acids. Laser engravings are faster than hand engraving, and dot-peen markings. Its applications comprise product labelling and coding in the electronics industry (mobile phones, tablets, etc.), tool construction, and medical technology. Major players in the coating, engraving, heat treating, and allied activities market are Hy-Power Coatings Ltd, Tilton Industries Inc, Rewire Automation Inc, Metex Heat Treating Ltd, and Metal Improvement Company Inc. Asia Pacific was the largest region in the coating, engraving, heat treating, and allied activities market in 2021. North America was the second-largest region in the coating, engraving, heat treating market. The regions covered in the coating, engraving, heat treating, and allied activities report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, and Africa. The countries covered in the coating, engraving, heat treating, and allied activities market are Argentina, Australia, Austria, Bangladesh, Belgium, Brazil, Canada, Chile, China, Colombia, Czech Republic, Denmark, Egypt, Finland, France, Germany, Hong Kong, India, Indonesia, Ireland, Israel, Italy, Iran, Japan, Malaysia, Mexico, Netherlands, New Zealand, Nigeria, Norway, Peru, Philippines, Poland, Portugal, Romania, Russia, Saudi Arabia, Singapore, South Africa, South Korea, Spain, Sweden, Switzerland, Thailand, Turkey, UAE, UK, Ukraine, USA, Vietnam. The global coating, engraving, heat treating, and allied activities market is segmented - 1) By Type: Metal Heat Treating, Metal Coating, Engraving and Allied Services to Manufacturers, Electroplating, Plating, Polishing, Anodizing, and Coloring 2) By Treatment: Spheroidizing, Stress Relieving, Quenching and Tempering, Normalizing 3) By Application: Manufacturing, Automotive, Others Subsegments Covered: Case Hardening, Normalizing, Annealing, Hardening and Tampering, Others, Solvent-Borne Coatings, Water-Borne Coatings, High Solids Coatings, Powder Coatings, Radiation Curable Coatings, Others