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Coating Equipment Market (2021-2027) Growth, Trends, COVID-19 Impact Coating equipment is defined as any piece of equipment that is used to apply a coating to a substrate. Coatings are classed as liquid, powder, or specialty coatings, depending on the type of coating. These coatings are applied to protect them from rust, deterioration, and corrosion, extending their useful life without the need for maintenance or replacement.