Several manufacturers are making great efforts to integrate innovative technologies in developing coating and application processes for robotics. With the increasing adoption of automation in almost every industry, coating and application has become one of the most important technology for robotics. It is widely used to form a protective layer on the surface of robotics against moisture, inflammation and other corrosive elements.
According to the Future Market Insights report, the global coating and application technologies for robotics market is estimated to be valued at US$ 930 Mn in 2017 and estimated to reach US$ 1,700 Mn by the end of 2027. The market is expected to register a CAGR of 6.6% during the forecast period 2017 – 2027.
What are the influential factors to surge demand for coating and application technologies for robotics?
- Robust growth in robotic manufacturing due to increasing automation in almost all industrial sector
- Growing end-user preference for powder form and water borne coating technology
- Increasing demand for base and clear coatings
- Rising adoption of robotics in healthcare industry
- Growing trend for industrial revolution 4.0 in order to boost demand for robots.
- Integration of technological advancement in current coating products
In addition to this, market players are strongly focusing to manufacture eco-friendly coating and application products with UV cure technology. Moreover, increasing employment rate of heavy duty robots in oil & gas and metal fabrication industries is expected to boost demand for innovative coating and application technologies for robotics in the near future. However, researchers are presently working on drawback pertaining to infusion and homogenous distribution of nanoparticles on metallic surfaces.
Which region is expected to hold potential opportunities for coatings and application technologies for robotics market?
The robotics industry is significantly led by European and Japanese manufacturers owing to their rapid adoption of automation in industrial as well as commercial sector. Thereby, demand for coating and application technologies for robotics is likely to witness remarkable rise in Japan during the forecast period. Growing industrial sector in the Asia-Pacific excluding Japan (APEJ) is expected to offer innumerable opportunities for market players involved in the manufacturing of coatings and application for robotics. Growing adoption of robotic technology in the Americas is highly likely to influence demand for innovative coating and application technologies for robotics in the near future.
What is the future scenario for coating and application technologies for robotics market?
Several resin types are available in coating and applications products for robotics such as polyurethanes, epoxy, alkyds, polyester and acrylics. Among theses, increasing demand for acrylics among end-users is expected to proliferate coating and application technologies for robotics market. While coating technology is taken into consideration, growing preference for water borne technology among end-users is observed from the recent past. Moreover, powder coating industry are focusing to reinvent their products and gain market opportunities. The coating and application technologies are extensively used in manufacturing industry followed by healthcare industry. Thereby, several coating manufacture are focusing to establish partnership with the major robotic firms in order to gain large customer base across the globe.
Who are the key market players in coating and application technologies for robotics market?
Some of the major companies like Axalta Coating Systems, The Lubrizol Corporation, PPG Industries, Akzo Nobel N.V., Nippon Paint Holdings Co., NOROO Paint & Coatings Co., Tikkurila, Kansai Paint Co. Ltd., HMG Paints Limited, Yashm Paint & Resin Industries, The Sherwin Williams Company, Reichhold LLC, Alps Coating Sdn. Bhd and Bernardo Ecenarro SA are among other operating in coating and application technologies for robotics market.
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