Powder Coating Equipment Market Is Expected To Reach USD 1.58 Billion By 2030

The global powder coating equipment market size was USD 1.20 Billion in 2021 and is expected to register a revenue CAGR of 3.1% over the forecast period, according to the latest report by Reports and Data. Market revenue growth is primarily driven by growing use of powder coatings in diverse applications including automobiles, construction, home appliances, and furniture. Powder coating equipment assures highest quality of powder coatings to guarantee superior finishes and extended durability. The automotive industry uses powder coating ovens for treating mechanical components and partially-fabricated vehicles. This equipment enables manufacturers to increase service life of mechanical parts and maintain uniformity of exterior bodywork. In addition, growing number of companies are using these vehicles to replace conventional spray-painting methods on automobile exteriors, reducing surface irregularities caused by liquid paints flowing from panels.

Powder coating ovens and booths are widely used in architecture and construction owing to their various benefits. Powder coating ovens are also used to finish guardrails, buildings, idols, bridges, lighting poles, posts, monuments, signs, and fencing in highway projects. There is an increase in use of powder coating equipment in home appliances such as refrigerators, washer tops, range housings, vacuum cleaners, water heaters, and air conditioner cabinets for providing a protective coating that is durable, attractive, and durable. These factors are expected to drive market revenue growth.

Request for Sample @https://www.reportsanddata.com/download-free-sample/3402

Some Key Highlights From the Report

  • The ovens & booths segment is expected to register a rapid revenue growth rate during the forecast period. Ovens and booths have emerged as a viable alternative to traditional painting methods for producing metal components with outstanding surface characteristics and corrosion resistance. The oven typically takes a shorter time to cure than liquid paint and process also skips mandatory preparation stages, such as mixing and thinning. This results in significant cost savings in high-throughput manufacturing environments.
  • The metallic segment is expected to register a rapid revenue growth rate during the forecast period. Use of powder coating equipment improves durability, appearance, and environmental impact of powder coatings. As a result of powder coating process, metal fabricators have maximized production time while increasing functional protective properties and improving decorative appearances. These equipment provide better accuracy and faster response times as they have high durability.
  • The consumer goods segment is expected to register a steady revenue growth rate during the forecast period. Powder coating is frequently used in consumer products because it reduces raw material consumption. There is an expected increase in consumer demand for powder coating since powder coating is less expensive and takes up less space than liquid coating. Consumers use a range of products on a daily basis, for both health and enjoyment. In addition, powder coating equipment can be used to improve quality, durability, and appearance of these products.
  • The Asia Pacific market is expected to account for largest revenue share in the global market during the forecast period. This is owing to increasing presence of major market players, such as ANEST IWATA Corporation and Hangzhou Color Powder Coating Equipment Co., Ltd., among others, in this region. The growing automobile industry in countries, such as China, Japan, India, and South Korea, has facilitated development of this coating equipment. In addition, rising disposable incomes, changing lifestyles, and increasing population are also driving revenue growth of the market.
  • Companies profiled in the market report are Nordson Corporation, Gema Switzerland GmbH, Parker Ionics, Anest Iwata Corporation, Carlisle Companies, Inc., Oven Empire Manufacturing, Reliant Finishing Systems, Pittsburgh Spray, Plibrico Company, LLC., and Hangzhou Color Powder Coating Equipment Co., Ltd.

Request a customization of the report: https://www.reportsanddata.com/request-customization-form/3402

Thank you for reading global report. We also offer customized research reports as per client requirement. Kindly contact us for to know more about the feature and our team will provide you a well-curated report in the stipulated time. 

Explore Trending Reports:

Agro Textiles Market-https://www.reportsanddata.com/report-detail/agro-textile-market

Noble Gas Market-https://www.reportsanddata.com/report-detail/noble-gas-market

Ammonium Sulfate Market-https://www.reportsanddata.com/report-detail/ammonium-sulfate-market

Warehouse Racking Market-https://www.reportsanddata.com/report-detail/warehouse-racking-market

Thermal Paper Market-https://www.reportsanddata.com/report-detail/thermal-paper-market

Cool Roof Market-https://www.reportsanddata.com/report-detail/cool-roof-market

Specialty Paper Market-https://www.reportsanddata.com/report-detail/specialty-paper-market

About Us:

Reports and Data is a market research and consulting company that provides syndicated research reports, customized research reports, and consulting services. Our solutions purely focus on your purpose to locate, target, and analyze consumer behavior shifts across demographics, across industries, and help clients to make smarter business decisions. We offer market intelligence studies ensuring relevant and fact-based research across multiple industries, including Healthcare, Touch Points, Chemicals, Products, and Energy. We consistently update our research offerings to ensure our clients are aware of the latest trends existent in the market. Reports and Data has a strong base of experienced analysts from varied areas of expertise. Our industry experience and ability to develop a concrete solution to any research problems provides our clients with the ability to secure an edge over their respective competitors.

Contact Us:

John W

(Head of Business Development)

Reports and Data | Web: www.reportsanddata.com

Direct Line: +1-212-710-1370

E-mail: sales@reportsanddata.com

Blogs | Press Release | Industry News | Our competencies

Browse More Upcoming Reports @ https://www.reportsanddata.com/upcoming-reports

Browse More Latest Reports @ https://www.reportsanddata.com/report

Browse Latest Blogs: https://www.reportsanddata.com/blogs

Browse Latest Press Release: https://www.reportsanddata.com/press-release


Comments

Post a Comment

Popular posts from this blog

Benzyl Alcohol Market Size Worth USD 397.6 Billion 2032| CAGR of 5.8%

According to a recent report by Reports and Data, the global benzyl alcohol market is expected to reach a size of USD 397.6 Billion by 2032 with a revenue CAGR of 5.8% during the forecast period. The increasing demand for benzyl alcohol for skin medication and its adoption in paints and coatings are some of the key drivers of market revenue growth. Benzyl alcohol is used in a wide range of applications, including inks and polishes, as it eliminates unpleasant odors and provides a mild scent. It is also used to improve the texture and consistency of products, which has increased its demand. Furthermore, benzyl alcohol is a degreasing agent and a bonding agent, which is driving the growth of the market. The adoption of benzyl alcohol in paints and coatings is also expected to contribute to revenue growth. Benzyl Alcohol Market: Notable Innovation There have been no recent notable innovations specifically in the benzyl alcohol market. However, some companies are focusing on developin...
Read more

Wax Market Size Worth USD 10.75 Billion 2032| A CAGR of 5%

Market Overview: The global wax market had a value of USD 10.75 Billion in 2022 and is projected to reach USD 16.68 Billion by 2032, with a forecasted revenue Compound Annual Growth Rate (CAGR) of 5% during the forecast period. One of the significant contributors to the growth of the wax market is the packaging industry. Wax is employed as a coating on packaging materials to enhance their quality and durability. Increased demand for packaged food and beverages, consumer goods, and pharmaceuticals has led to higher utilization of wax in packaging, driving market revenue growth. The candle sector is another crucial factor boosting revenue growth in the wax market. Various types of wax, such as paraffin, beeswax, and soy wax, are used in candle production. The demand for wax in the candle industry has risen due to increased interest in decorative and scented candles for occasions like festivals, weddings, and birthdays. Moreover, the market has seen an uptick in the demand for natura...
Read more

Pressure Sensitive Adhesives Market Size to Surpass USD 72.58 billion by 2032

Market Overview: The global pressure-sensitive adhesives market reached a size of USD 13.20 Billion in 2022, and it is projected to experience a revenue compound annual growth rate (CAGR) of 5.1% throughout the forecast period. The rising popularity of pressure-sensitive adhesives is attributed to their simplicity of application and cost-effectiveness compared to conventional attachment systems, driving the market revenue growth. Pressure-sensitive adhesives, also known as self-adhesive or self-stick adhesives, are a significant category of adhesive tapes. They are thin and flexible substances with single or double-sided coatings that adhere firmly to most clean, dry surfaces without requiring heat, solvent, or water. This ease of application is a key factor contributing to the market's growth. Get a sample copy of the Pressure Sensitive Adhesives Market report, visit: https://www.reportsanddata.com/download-free-sample/1629 Market Dynamics: Drivers: Emergence of pres...
Read more