The
global Powder Coating Equipment Market size is
anticipated to reach USD 4,329.0 million by 2030, according to a new report by
Grand View Research, Inc. The market is expected to expand at a CAGR of 5.0%
from 2023 to 2030. The market for powder coatings equipment has experienced
significant growth over the past few years as a result of the expansion of the
manufacturing and construction industries as well as the increased need for
more environmentally friendly solutions.
The
need for powder coating equipment is driven by the development of technologies
that address the constant issues of cost and manufacturing efficiencies. For
instance, the growth and expansion of compact process systems are systems that
have the potential to reduce overall processing costs. These systems include
coatings with dual-layer functionality, dry-on-dry cure, faster curing periods,
and lower cure technologies for metal and plastic. Additionally, the industry
has developed cutting-edge technologies that enable the use of powder on
medium-density fiberboard (MDF) and wood substrates as well as providing
improved corrosion protection for metal. These aforementioned factors are
expected to fuel the market demand.
Customers
are continuously working to increase process efficiencies, such as by reducing
coating stages or more effectively utilizing coating materials, and this is
further likely to fuel the demand for sustainable solutions. Furthermore, it is
projected that throughout the course of the forecast period, the market demand
would increase as a result of new breakthroughs in powder coating technologies
that produce ultra-matte, hammered effects, textures, and chrome looks.
Powder
coating equipment is being increasingly widely used in new applications. For
instance, it's the reduced baking temperatures that have made it possible to
work with new substrates including plastic, MDF, and wood. Improvements in
application equipment and process control, which provide a larger range of
application areas such as dry-on-dry systems, are strongly supporting this
trend and are expected to upsurge demand for powder coating equipment over the
projected period.
Most
manufacturers are seeking collaborations, mergers & acquisitions to develop
advanced and innovative solutions. For instance, Gema Switzerland GmbH
introduced OptiFlex Pro manual units with power boost technology in January
2022 to improve manual powder coating performance. At the stroke of a button,
this power boost feature provides 110 kV and 110A of high-voltage power. The
OptiFlex Pro units are created for ergonomic operation and optimal industrial
adaptability.
Related Press
Release@ Powder Coating Equipment Market Report
Powder Coating Equipment Market Report Highlights
- The demand
for ovens & booths product segment accounted for 39.3% of the global
revenue share in 2022, owing to the increasing use of ovens and booths in
sectors including the automobile and appliance industries, as well as the
demand for better curing and less blow-off.
- The powder
coat guns product segment accounted for a 24.1% share of the global
revenue in 2022 owing to the DIY (Do-It-Yourself) industry's growing need
for them, particularly for furniture and architectural applications.
- The consumer
end-use segment is projected to witness growth at a CAGR of 5.4% from 2023
to 2030. Powder coating is frequently utilized in the consumer goods
market since it uses fewer raw resources.
- Asia Pacific
accounted for 46.7% of the global revenue share in 2022. The market's
revenue growth is also attributed to changing lifestyles, rising
disposable incomes, and growing populations.
- Manufacturers
of powder coating equipment, including Nordson Corporation, are
concentrating on forming alliances with automation suppliers to boost
powder coating production through robotic automation and artificial
intelligence.
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
Related Report@
Powder
Coating Market
Powder Coating Equipment Market Segmentation
Grand
View Research has segmented the global powder coating equipment market on
the basis of type, product, application, and region:
Powder Coating Equipment Product Outlook (Revenue, USD
Million, 2018 - 2030)
- Ovens &
Booths
- Powder coat
guns
- Others
Powder Coating Equipment Application Outlook (Revenue,
USD Million, 2018 - 2030)
- Consumer
Goods
- Architectural
- Automotive
- General
Industries
- Furniture
- Others
Powder Coating Equipment Regional Outlook (Revenue, USD
Million, 2018 - 2030)
- North
America
- U.S.
- Canada
- Mexico
- Europe
- Germany
- France
- Italy
- U.K.
- Asia Pacific
- China
- India
- Japan
- South Korea
- Central
& South America
- Brazil
- Argentina
- Middle East
& Africa
- South
Africa
- Saudi
Arabia
About Us:
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco. The
company provides syndicated research reports, customized research reports, and
consulting services. To help clients make informed business decisions, the
company offers market intelligence studies ensuring relevant and fact-based
research across a range of industries including technology, chemicals,
materials, healthcare and energy.
Contact:
Sherry James
Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
Toll Free: 1-888- 202-95196
Email: sales@grandviewresearch.com
For More Information: https://www.grandviewresearch.com
