How has COVID19 Impacted Dry Coating Equipment Market?

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Dry coating equipment refers to the equipments which are required for applying as a free flowing dry powder. The major difference between dry coating and liquid coating is, dry coating does not need any kind of solvent for keeping the filler and binder part in the form of a liquid suspension. Dry coating equipment involves the application of powder electrostatic ally and then heat is applied for the powder to flow freely and form a skin. The powder which is applied through the dry coating equipment is mostly thermo set polymer or thermoplastic. Dry coating is usually done to attain a tougher coating than conventionally used liquid coating or traditionally used paints. The dry coating equipment is mostly used to have a coating on metals which are used in household appliance, drum hardware, aluminum extrusions, and bicycles and on a wide range of automobiles parts. 

Some of the key factors driving the dry coating equipment market include strict government norms which are focused towards solvent based coating and traditionally used liquid coating. Further, growing application of dry coating equipments across a wide range of industrial applications is expected drive the market over the next few years. There is a significant rise in demand for dry coating equipment in the automotive industry. Some of the factors which are making the dry coating technique over traditional methods include better reliability, enhanced transfer efficiency and easier to handle. Thus increase in demand for automotives and rise in number of manufacturing plants in Asia Pacific especially in countries like India and China are expected to drive the demand for dry coating equipments over the next few years. Further, some of the factors which are restraining the dry coating equipment market include high cost of the dry coating. A key challenge faced by the dry coating equipment market manufactures includes offering of dry coating equipment at cheaper rate especially multiple coating types. 

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The dry coating equipment market by type could be segmented into spray gun and others. The spray gun segment could be further segmented into Tribo gun and corona gun. The dry coating equipment market by end use could be further segmented into aerospace, transportation and automotive, industrial, building and construction. The industrial segment in the dry coating equipment market segmented by end use is expected to contribute for the largest market share over the next few years. There are wide range of equipments and machinery which are used across a wide range of industries, these machineries and equipment need to be protected from abrasion, corrosion and other types of threat. Thus the use of dry coating is essentially becoming a necessity, thus driving the demand for dry coating equipments. Further rapid industrialization in growing economies, rise in demand for new vehicles is expected to drive the market further. Moreover, mammoth growth in application of dry coating in the construction industry is expected to further drive the demand for the dry coating equipments over the next few years. 

Geographically the dry coating equipment market could be broadly segmented into North America, Latin America, Middle East and Africa, Asia Pacific and Europe. Asia Pacific accounted for the largest market share and is expected to grow at the fastest rate over the next few years in the dry coating equipment market. China is a major contributor for the dry coating equipment market. 

Some of the key players operating in the global coating equipment market include Nordson Corporation, IHI Hauzer Techno Coating B.V., IHI Ionbond AG, OC Oerlikon Corporation AG, Sulzer Ltd., Sata GmbH & Co. Kg, Anest Iwata, Wagner GmbH, Asahi Sunac Corporation. Graco Inc. The key players in the dry coating equipment market have adopted the strategy of product innovation and product development to expand and sustain in the market.

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