Powder Coatings Equipment Market Growth Drivers, Statistics and Forecast Report by 2028

Powder Coatings Equipment Industry Overview

The global powder coating equipment market size was valued at USD 1.2 billion in 2020 and is expected to expand at a compound annual growth rate (CAGR) of 3.1% from 2021 to 2028.

Growing preference for powder coatings over conventional coating types coupled with an increase in DIY (Do-It-Yourself) activities in architecture and furniture applications are expected to have a positive impact on market growth. The COVID-19 pandemic hindered the growth of the market owing to forced factory shutdowns, declining consumer spending, and disruption of the supply chain worldwide. The automotive industry was negatively impacted by the pandemic resulting in low orders for powder coating equipment in 2020.

End-use industries in Q3 2020 started picking up with demand for fitness equipment, consumer goods, and electronics creating a positive environment for the market. Moreover, the stay-at-home orders during the pandemic resulted in boosting the equipment demand in architecture and furniture applications across various countries in North America and Europe.

Gather more insights about the market drivers, restrains and growth of the Global Powder Coatings Equipment Market

The emergence of technologies in powder coating equipment in auxiliary equipment has radically enhanced operating efficiency and improved cost savings. Moreover, the adaptability of functional powder coatings in harsher environments is expected to boost the demand for powder coating equipment over the forecast period.

The U.S. and Europe have been at the forefront to decrease the usage of coatings that emit Volatile Organic Compounds (VOC). The Environmental Protection Agency (EPA) and the European Commission (EU) have set up regulations and directives to prevent VOC emissions. In December 2020, China has also laid down standards for VOC emissions, resulting in the increased usage of powder coatings resulting in increased demand for equipment.

Governments of various countries have laid out strategic plans and funding for infrastructure development to bolster the economic recovery post-pandemic. The manufacturers of powder coating equipment are expected to thrive on the demand for powder coatings used in infrastructures where durability and corrosion resistance is important.

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Powder Coatings 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

• Europe

• Asia Pacific

• Central & South America

• Middle East & Africa

Key Companies profiled:

Some prominent players in the Global Powder Coatings 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

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