Increasing preference for powder coating over conventional liquid paint is propelling the market growth for powder coating equipment
- Vikas Kumar
- November 19, 2022
- CHEMICAL, NEWS
- Powder Coating Equipment Market, Powder Coating Equipment Market Analysis, Powder Coating Equipment Market Forecast, Powder Coating Equipment Market Growth, Powder Coating Equipment Market Share, Powder Coating Equipment Market Size, Powder Coating Equipment Market Trend
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The global powder coating equipment market is likely to showcase a growth of around 4% during the forecast period. Over the years, the powder coating process has increased its demand in the industrial coating sector owing to its high quality, durable finish, allowing for maximized production, improved efficiencies, and simplified environmental compliance. Further, nowadays, as consumers are looking for a superior quality product that can be ascribed to improving income and purchasing power of demography, demand for better quality coating including powder coating is growing. This in turn, propels the demand for powder coating equipment as its growth is directly linked with the demand of powder coating
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Powder coating is widely used on metal substrates and has replaced liquid paint and other electroplating methods due to its industry-preferred advantage. Improvement to chemical corrosion, resistance to mechanical abuse, environment friendliness, guarantees uniform and consistent results, cost-effectiveness, and faster process for better productivity through the paint shop are some of its key advantages thereby original equipment manufacturers (OEM) preferred powder coating process over its counterparts. To perform the powder coating over the substrate, equipment plays a key role therefore with the growth in the powder coating market, the demand for powder coating would grow eventually.
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Based on type, the market is categorized into ovens & booths, guns, and others. Of these, the market for ovens & booths held a significant share of the market as this equipment is among the largest contributor of capital expenditure for installing a powder coating plant. Guns also account for a significant market share owing to the use of multiple guns in a single power coating plant which in turn increases the demand for guns with the increase in the number of plants. Further, a high replacement cycle is also contributing to its considerable market share.
Based on end-user, the market is bifurcated into industrial OEM and job coaters. Of both, job coaters held a prominent share of the market and is likely to showcase significant growth over the forecast period. Low standard requirements and the ability to offer industry-specific services at a nominal cost are some of the key factors for their market position. Further, to mitigate the risk of operational downtime and streamline the complete operation cycle, large-scale OEMs preferred to outsource the powder coating process from job coaters, which in turn is fueling the market growth.
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For a better understanding of the market adoption of Powder Coating Equipment, the market is analyzed based on its worldwide presence in the countries such as North America (the United States, Canada, Rest of North America), Europe (Germany, the United Kingdom, France, Italy, Spain, and Rest of Europe), Asia-Pacific (China, Japan, India, and Rest of Asia-Pacific), and Rest of World. Asia-Pacific accounted for a significant share of the market and is expected to showcase considerable growth over the forecast period. This can be attributed to the presence of a large number of small-scale job coaters in countries like China and India. Further, a large base of industrial OEMs in China, Japan, South Korea, and India are aiding in the market growth.
Global Powder Coating Equipment Market Segmentation
Market Insight, by Type
• Ovens & Booths
Market Insight, by End-User
• Industrial OEM
• Job Coaters
Market Insight, by Region
- North America Powder Coating Equipment Market
- The United States
- Rest of North America
- Europe Powder Coating Equipment Market
- The United Kingdom
- Rest of Europe
- Asia-Pacific Powder Coating Equipment Market
- Rest of Asia-Pacific
- Rest of World Powder Coating Equipment Market
Top Company Profiles
- Nordson Corporation
- Gema Switzerland GmbH
- Wagner GmbH
- ANEST IWATA Corporation
- Carlisle Companies Inc.
- Hangzhou Color Powder Coating Equipment Co. Ltd.
- Mitsuba Systems (India) LLP
- Statfield Equipments Pvt. Ltd.
- Red Line Industries Ltd.