Home Press Releases Powder Coating Equipment Market Size Worth $1.63 Billion by 2030 | CAGR: 3.0%

Powder Coating Equipment Market Size Worth $1.63 Billion by 2030 | CAGR: 3.0%

The global powder coating equipment market size is expected to reach USD 1.63 billion by 2030, according to a new study by Polaris Market Research. The report “Powder Coating Equipment Market Share, Size, Trends, Industry Analysis Report, Application (Automotive, Industrial, Consumer goods, Furniture, Building & Construction and Others); By Type; By Region; Segment Forecast, 2022 – 2030” provides detailed insight into current market dynamics and analysis of future market growth.

 

The exponential demand for powder coating equipment from several applications like construction, aerospace, automotive, and other major sectors, meteoric industrialization across the APAC region, low fuel rates, relatively economical airfares, new fliers’ progression flying frequentness are anticipatory to confer affirmatory suffusion for market growth over the forecast period. Proliferate R&D in the aerospace and aviation industry is prosecuted to growth in demand for power coating equipment during the prediction period.

 

Powder-based coatings are envisaged to note huge growth on account of their implementation in the automotive & aviation industry for spare parts of the automobiles such as disc rims and windshields. Additionally, powder-based coatings are eco-friendly as these consist of zero solvents and therefore no unstable organic substances, which is accountable to drive the powder coating equipment market.

 

The dominant players belonging to the industry are engaging with the manufacturing section with an entirely automated system also auxiliary components including trolleys and hand sprays to encounter end-user demand. Acquisitions and Collaborations invigorate the organizations to upgrade their technical prowess and empower them to deliver aggrandized products to the consumers.

 

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The Powder Coating Equipment sector is anticipated to evidence prominent growth owing to dignified application scope incorporated with increasing utilization from the automotive industry. COVID-19 is a worldwide health emergency that has contrived nearly every business application, and the interminable effects are subjected to impact the powder coating equipment industry development during the projection period.

 

The Asia Pacific region dominates the powder coating equipment market in 2021. Expanding public infrastructure, whirlwind industrialization, and exponential urbanization in the territory, associated with booming consumer goods demand, such as China, South Korea, and India are the aspects anticipated to exhibit a pragmatic impact on the market development over the forecast tenure. Flourishing local manufacturing and alongshore industries hub in the U.S. region is predicted to drive the magnification for powder coating equipment guns in the country.

 

Powder Coating Equipment Market Report Highlights

  • The powder coat guns segment accounted highest revenue share in 2020. The increase in DIY business in powder coating for home improvement and home renovation boosts the powder coat guns segment.
  • The automotive sector is projected to witness a CAGR of 3.0% during the projection session due to expanding demand for electric (Battery Operated) vehicles and surging demand for trouble-free and cheap coatings.
  • The building & construction industry influences the market and holds 3.0% of the overall revenue share in 2021 due to the expanding urbanization and rise in construction gigantic projects worldwide.
  • The APAC region dominated the powder coating equipment market and clutch 3.0% share in 2021. The expanding construction sector across the region is associated with improvements in the ongoing building methods and surging innovative enterprises.
  • The global powder coating equipment market is divided by the major market players with a global presence, including: PPG Industries, Axalta Coating Systems, Akzo Nobel N.V., Asian Paints, Jotun, Inc., The Sherwin-Williams Company, LLC, BASF SE, and Others.

 

Polaris Market Research has segmented the powder coating equipment market report based on product, application, and region:

Powder Coating Equipment, Type Outlook (Revenue – USD Billion, 2022 – 2030)

  • Ovens & Booths
  • Powder Coat Guns
  • Others

Powder Coating Equipment, Application Outlook (Revenue – USD Billion, 2022 – 2030)

  • Automotive
  • Industrial
  • Consumer goods
  • Furniture
  • Building & Construction
  • Others

Powder Coating Equipment, Regional Outlook (Revenue – USD Billion, 2022 – 2030)

  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • UK
    • France
    • Italy
    • Spain
    • Russia
    • Netherlands
  • Asia Pacific
    • China
    • India
    • Japan
    • South Korea
    • Indonesia
    • Malaysia
  • Latin America
    • Argentina
    • Brazil
    • Mexico
  • Middle East & Africa
    • UAE
    • Saudi Arabia
    • Israel
    • South Africa

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