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Global Coating Equipment Market - Industry Analysis and Forecast 2027 Coating is a substrate which is applied on a surface of any object to improve its functional or aesthetic properties. Paints are used in a variety of applications in automotive, medical, electrical & electronics, utility, industrial, building & construction, marine, and oil & gas sectors. Coatings are used in all kinds of substrates including polymers, glasses, metals, and ceramics. The use of coatings is increasing globally, as key players are adopting a prevention-based approach in order to drop the costs incurred by rusting of equipment. A various techniques to apply coatings on a substrate, which use different equipment, are available in the market. Rising consumption of coatings across the world is likely to, in turn, increase the demand for coating equipment in the forecast period.