Powder Coating Equipment Market: Powder Coat Guns Segment Is Anticipated To Witness A CAGR Of 3.6% From 2021 To 2028

 Powder Coatings Equipment Industry Overview

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.

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:

Based on the Product Insights, the market is segmented into Ovens & Booths, Powder Coat Guns, and Others.

  • The ovens and booths segment led the market and accounted for 38.4% of the global revenue share in 2020. Ovens and booths are majorly used in the automotive industry where the space required for coating is large which is aptly provided by ovens and booths. Moreover, the advent of electric vehicles in the automotive industry is expected to impact the powder coating equipment market growth positively.
  • The powder coat guns segment is estimated to witness a CAGR of 3.6% from 2021 to 2028. Stay-at-home orders have increased the DIY business in powder coating for home improvement and home renovation. People in the U.S. and other European countries are adopting a similar approach, resulting in the growth of the DIY business, thereby boosting powder coat gun sales over the forecast period.

 

 

 

Based on the Application Insights, the market is segmented into Consumer goods, Architectural, Automotive, General Industries, Furniture, and Others.

  • The consumer products applications segment led the market and accounted for 23.6% of the global revenue share in 2020 owing to increased adoption of powder coatings in white goods and fitness equipment. Coatings manufacturers such as Akzo Nobel, Jotun, and PPG are particularly focusing on their powder coatings portfolio in consumer goods owing to superior finishing and higher flexibility leading to an increased demand for powder coating equipment.

 

  • The demand for powder coating equipment in automotive applications is expected to witness growth at a CAGR of 3.6% on account of the growing Electric Vehicle(EV) industry coupled with the increasing adoption of coatings in automotive refinishing. Batteries require thermal management with fire resistance and low dielectric currents which powder coatings can provide leading to equipment demand.

 

Powder Coating Equipment Regional Outlook

  • North America
  • Europe
  • Asia Pacific
  • Latin America
  • Middle East & Africa (MEA)

 

Key Companies & Market Share Insights

Many powder coating manufacturers are involved in expanding their production facilities as well as product portfolios in order to meet the rising demand for powder coatings, thereby boosting the demand for powder coating equipment. Furthermore, new inventions in coating systems such as graphene nanotubes are likely to drive the market. Growing emphasis on collaborating with tech companies to improve process time and quality is also expected to drive the demand. Equipment companies have also started offering services to fully automate their powder coating systems in a bid to increase productivity and to help powder coating manufacturers accelerate their sustainability objectives. Some of the prominent players in the powder coating equipment market include:

  • 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

 

Order a free sample PDF of the Powder Coating Equipment Market Intelligence Study, published by Grand View Research.

 

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

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