Coating Equipment Market Dynamics, Technological Advancements And Impact
The global coating equipment market size was estimated at USD 16.62 billion in 2021 and is expected to expand at a compounded annual growth rate (CAGR) of 5.3% from 2022 to 2030. The growing product demand in various applications such as aerospace, automotive, and construction is expected to drive the industry’s growth. The coatings industry endured a serious slump as a result of the impact of the shutdown imposed to stop the spread of the coronavirus. As a result, demand for coatings nearly dropped in many places and was unlikely to be revived until governments relaxed their stringent stay-at-home regulations, allowing their respective economies to return to some sort of stability. Gather more insights about the market drivers, restrains and growth of the Coating Equipment Market The global coating equipment market is one of the primary industries that would experience supply chain delays and industrial interruptions as a result of COVID-19 regu...