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The coating equipment market is projected to reach USD 19.33 billion by 2021, at a CAGR of 5.8% between 2016 and 2021. Growth of this market can be attributed to increasing requirements of customers for quick delivery of products, reduction in industrial maintenance time, and good finish.

Increasing need for customized coating equipment in varied end-use industries, such as automotive & transportation, and aerospace, among others is providing growth opportunities for manufacturers of coating equipment. They are continuously carrying out R&D activities to develop new and advanced equipment that can meet varied requirements of customers. New technological advancements taking place in coating equipment not only expedite coating processes, but also ensure long-lasting coatings.

The Asia-Pacific region is the largest market for coating equipment. China is the largest market for coating equipment in the Asia-Pacific region, followed by Japan and India.