The Global Powder Coating Market is anticipated to gain traction due to its high efficiency with the approachable use. Powder coating is a dry finishing process for coating of products to provide a high-quality, durable finish, improved efficiency, and simplified environmental compliance. Powder coating is used for functional and decorative finishing of products and structures. The equipment used for powder coatings include powder coat guns, ovens, and air compressors among others. The different types of powder coating guns include Corona charging guns, where electric power is used to generate the electrostatic charge, and Tribo charging guns, where the electrostatic charge is generated by friction between the powder and the gun barrel.
The major driving factors of the market include its varied applications in manufacturing, and automotive industries among others. The increasing demand of powder coating equipment from a wide range of industries supports the market growth. Beneficial features offered by powder coating equipment such as high transfer efficiency, reliability, ease of use, and high efficiency further boosts the market growth. The rising demand from the automotive sector along with the strong growth in the global automotive industry accelerates the growth of the powder coating equipment market. Expansion of established companies into emerging economies, increasing applications, and technological advancements would provide numerous growth opportunities in the market.
The global Powder coating equipment market is segmented on the basis of type, application, and geography.
Geographically, the global powder coating equipment market is categorized into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
On the basis of geography, Asia-Pacific is expected to dominate the global Powder coating equipment market over forecast period. The increasing disposable incomes, changing lifestyles, and growing urbanization result in increase of consumer goods, thereby supporting the powder coating equipment market in the region. Technological advancements, and growing applications in different industries further increase the adoption of powder coating equipment market in the region.