Global coatings and application technologies for robotics market to witness a robust growth rate during 2017-2027
The global coatings and application technologies for robotics market is expected to exhibit significant growth rate during the assessment period 2017-2027. The global market for coatings and application technologies for robotics has seen an upward trend in growth since 2012, and in 2016 the global market was valued at US$ 883.5 Mn which rose to about US$ 930 Mn in 2017 and is estimated to reflect an evaluation of more than US$ 1.5 Bn by the end of the year of assessment (2027). The global coatings and application technologies for robotics market is projected to grow at a robust value CAGR of 6.6% throughout the period of forecast, 2017-2027 to reach the estimated valuation.
Approximately 2x growth anticipated in the water borne coating technology segment during the period of forecast
In the coating technology category, the water borne segment is expected to show remarkable market valuation by the end of the period of forecast. This segment dominated the global market in terms of value and volume during the 2012-2016 timeline and is expected to retain its title throughout the assessment period. The water borne segment is projected to grow at a robust rate during the period of forecast to register a value CAGR of 7.1%. In 2017, the water borne segment reflected a value a bit lower than US$ 355 Mn and is estimated to reach a valuation higher than US$ 740 Mn by the end of the year of assessment (2027). This segment is expected to lead the global coatings and application technologies for robotics market in the coming years. In water borne coatings, water is used as a solvent. Water borne coating technology is extensively used to disperse resins that are used in making paints. These are used extensively in various applications due to their glossy finish and protection from corrosion.
Coatings and Application Technologies for Robotics Market: Global Industry Analysis (2012-2016) and Opportunity Assessment (2017 - 2027)Buy Now
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