San Francisco, March 07, 2022 (GLOBE NEWSWIRE) -- The global powder coating equipment market size is expected to reach USD 1.5 billion by 2028, according to a new report by Grand View Research, Inc. The market is expected to expand at a CAGR of 3.1% from 2021 to 2028. Growing demand for powder coating in the automotive industry owing to the emergence of electric vehicles is expected to augment market growth.
Key Insights & Findings from the report:
- The powder coat guns segment is anticipated to witness a CAGR of 3.6% from 2021 to 2028, in terms of revenue, on account of their increasing demand in the DIY (Do-It-Yourself) industry, especially in furniture and architectural applications.
- The demand for powder coating equipment in the consumer goods applications accounted for 23.6% of the overall revenue in 2020, owing to the rising demand for powder coating in consumer goods manufacturing.
- In Asia Pacific, the market is estimated to witness a CAGR of 3.4% over the forecast period, owing to the growing consumer goods demand and increased awareness of VOC emissions leading to increased demand for powder coating.
- Brazil accounted for 43.1% of the Central and South America revenue share in 2020, attributed to increasing demand for powder coating equipment in various architectural applications and automotive OEMs.
- Powder coating equipment manufacturers such as Nordson Corporation are focusing on partnering with automation providers to enhance the productivity of powder coating with robotic automation and artificial intelligence.
Get Free Sample of this market research report, “Powder Coating Equipment Market Size, Share & Trends Analysis Report By Product (Ovens & Booths, Powder Coat Guns), By Application (Automotive, Furniture), By Region, And Segment Forecasts, 2021 - 2028”, published by Grand View Research.
Powder Coating Equipment Market Growth & Trends
The rising demand for powder coating equipment is attributed to the increased usage of powder coating owing to its advantages over conventional liquid coating. Moreover, the ability of powder coating to be recycled and reused aligns with the sustainability objectives for manufacturers resulting in the increased demand for powder coating equipment.
The increasing preference for powder coating by automotive OEM coupled with the advent of electric vehicles is likely to augment the powder coating equipment demand primarily in the automatic coating systems. Furthermore, the increasing demand for consumer goods and home appliances where powder coating is heavily used is expected to boost the market growth.
Powder coating companies have laid out strategies to enhance process optimization and process control. The demand for digitalization, remote operation, and better product quality has prompted coating equipment manufacturers to develop coating systems equipped with AI and machine learning is expected to spur market growth.
Powder Coating Equipment Market Segmentation
Grand View Research has segmented the global powder coating equipment market on the basis of product, application, and region:
Powder Coating Equipment Product Outlook (Revenue, USD Million, 2017 - 2028)
- Ovens & Booths
- Powder Coat Guns
- Others
Powder Coating Equipment Application Outlook (Revenue, USD Million, 2017 - 2028)
- Consumer goods
- Architectural
- Automotive
- General Industries
- Furniture
- Others
Powder Coating Equipment Regional Outlook (Revenue, USD Million, 2017 - 2028)
- North America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- U.K.
- Spain
- Asia Pacific
- China
- India
- Japan
- South Korea
- Australia
- Central & South America
- Brazil
- Argentina
- Middle East & Africa
- Saudi Arabia
- UAE
- South Africa
List of Key players of Powder Coating Equipment Market
- Nordson Corporation
- Gema Switzerland GmbH
- WAGNER
- ANEST IWATA Corporation
- Carlisle
- Hangzhou Color Powder Coating Equipment Co., Ltd.
- Mitsuba Systems Pvt. Ltd.
- Statfield Equipment Pvt. Ltd.
- SAMES KREMLIN
- Eastwood Company
- Parker Ionics
- Red Line Industries Ltd
- Reliant Finishing Systems
- Pittsburgh Spray Equipment Co.
- Oven Empire Manufacturing
Check out more related studies published by Grand View Research:
- Coating Equipment Market - The global coating equipment market size is expected to reach USD 22.23 billion by 2025, at a registering a CAGR of 5.7% over the forecast period, according to a new report by Grand View Research, Inc. The industry is expected to witness significant growth on account of high application scope coupled with growing consumption from the automotive application.
- Ceramic Coating Market - The global ceramic coating market is expected to reach USD 13.1 billion by 2025, according to a new report by Grand View Research, Inc. The market is expected to witness a CAGR of 7.2% over the forecast period, owing to Increasing utilization in automobile engine components and the aerospace & defence industry is projected to propel the market growth over the next eight years.
- Powder Coatings Market - The global powder coatings market size is expected to reach USD 20.8 billion by 2028, registering a CAGR of 7.2% from 2021 to 2028, according to a report by Grand View Research, Inc. The market is expected to witness significant growth over the forecast period primarily owing to the superior properties of powder coatings over conventional paints including high resistance to corrosion and chipping & abrasion, durability, cost-effectiveness, excellent finishing, and reduced processing time.
Browse through Grand View Research’s Paints, Coatings & Printing Inks Industry Research Reports.
About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc.
Phone: 1-415-349-0058
Toll Free: 1-888-202-9519
Email: sales@grandviewresearch.com
Web: https://www.grandviewresearch.com
Grand View Compass | Grand View Pipeline
Follow Us: LinkedIn | Twitter
