Powder Coating Equipment Market Share, Size, Trends, Industry Analysis Report, Application (Automotive, Industrial, Consumer goods, Furniture, Building & Construction, and Others); By Type; By Region; Segment Forecast, 2022 – 2030
The global powder coating equipment market size is expected to reach USD 1.63 billion by 2030, according to a new study by Polaris Market Research. The report “Powder Coating Equipment Market Share, Size, Trends, Industry Analysis Report, Application (Automotive, Industrial, Consumer goods, Furniture, Building & Construction and Others); By Type; By Region; Segment Forecast, 2022 – 2030” provides detailed insight into current market dynamics and analysis of future market growth.
The exponential demand for powder coating equipment from several applications like construction, aerospace, automotive, and other major sectors, meteoric industrialization across the APAC region, low fuel rates, relatively economical airfares, new fliers’ progression flying frequentness are anticipatory to confer affirmatory suffusion for market growth over the forecast period. Proliferate R&D in the aerospace and aviation industry is prosecuted to growth in demand for power coating equipment during the prediction period.
Powder-based coatings are envisaged to note huge growth on account of their implementation in the automotive & aviation industry for spare parts of the automobiles such as disc rims and windshields. Additionally, powder-based coatings are eco-friendly as these consist of zero solvents and therefore no unstable organic substances, which is accountable to drive the powder coating equipment market.
The dominant players belonging to the industry are engaging with the manufacturing section with an entirely automated system also auxiliary components including trolleys and hand sprays to encounter end-user demand. Acquisitions and Collaborations invigorate the organizations to upgrade their technical prowess and empower them to deliver aggrandized products to the consumers.
The Powder Coating Equipment sector is anticipated to evidence prominent growth owing to dignified application scope incorporated with increasing utilization from the automotive industry. COVID-19 is a worldwide health emergency that has contrived nearly every business application, and the interminable effects are subjected to impact the powder coating equipment industry development during the projection period.
The Asia Pacific region dominates the powder coating equipment market in 2021. Expanding public infrastructure, whirlwind industrialization, and exponential urbanization in the territory, associated with booming consumer goods demand, such as China, South Korea, and India are the aspects anticipated to exhibit a pragmatic impact on the market development over the forecast tenure. Flourishing local manufacturing and alongshore industries hub in the U.S. region is predicted to drive the magnification for powder coating equipment guns in the country.
Powder Coating Equipment Market Report Highlights
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