Powder Coatings Equipment Market to witness market growth at a rate of 12%, Size, Share, Opportunities Analysis, Key Players

The powder coatings equipment market is expected to witness market growth at a rate of 12% in the forecast period of 2021 to 2028 and is expected to reach USD 3,654.70 million by 2028. Data Bridge Market Research report on powder coatings equipment market provides analysis and insights regarding the various factors expected to be prevalent throughout the forecast period while providing their impacts on the market's growth. The rise in the automotive and construction industries is escalating the growth of the powder coatings equipment market.

Powder coating can be referred to as the coating that is applied as free-flowing or dry powder. It is entirely different from the traditional liquid paint because it needs a solvent for the filler and binder parts to form in a suspending liquid. It is mostly utilized to coat metals, such as household appliances, aluminium extrusions, bicycle and automobile parts, and drum hardware.

Major factors that are expected to boost the growth of the powder coatings equipment market in the forecast period are the rise in the utilization in several applications containing automotive, architecture, home appliances, and furniture. Furthermore, the growing need for medical devices and the increase in the attention on the VOC emissions reduction are further anticipated to propel the growth of the powder coatings equipment market. Moreover, the rise in the consumer goods companies and lower application cost in comparison to the liquid coatings and the up surging applications in the shipbuilding and pipeline industries, and the robust outlook in the furniture industry is further estimated to cushion the growth of the powder coatings equipment market. On the other hand, the struggle in gaining thin films and environmental tasks is further projected to impede the growth of the powder coatings equipment market in the timeline period.

In addition, the rise in the need for powder coatings for coil coating applications and the increasing demand for high-performance fluorine resin-based powder coating will further provide potential opportunities for the growth of the powder coatings equipment market in the coming years. However, the advanced energy consumption and the investment in machinery and tools might further challenge the growth of the powder coatings equipment market in the near future.

View Detailed Report:

https://www.databridgemarketresearch.com/reports/global-powder-coatings-equipment-market

Powder Coatings Equipment Market Scope and Market Size

The powder coatings equipment market is segmented on the basis of the component and end-use industry. The growth amongst the different segments helps you in attaining the knowledge related to the different growth factors expected to be prevalent throughout the market and formulate different strategies to help identify core application areas and the difference in your target markets. 

On the basis of components, the powder coatings equipment market is segmented into guns, ovens, powder coating booths and systems, sieving systems, and others.
On the basis of end-use industry, the powder coatings equipment market is segmented into general metal, agricultural and construction, appliance, automotive, architectural, furniture, and others.

Key Players:

The major players covered in the powder coatings equipment market report are Nordson Corporation, CARLISLE POLYURETHANE SYSTEMS, J.Wagner GmbH, Hangzhou Colour Powder Coating Equipment Co., Ltd., Asahi Sunac Corporation, Gema Switzerland GmbH, KCISPRAY, Mitsuba Systems (India) LLP, MS Oberflächentechnik AG, Parker Ionics, SAMES KREMLIN, The Eastwood Company., Eisenmann Corporation, Ocean WP Theme, Pittsburgh Spray, Powder X Coating Systems, llc., RED LINE INDUSTRIES LIMITED, Reliant Finishing Systems, and STATFIELD EQUIPMENTS PVT. LTD., among other domestic and global players. Market share data is available for global, North America, Europe, Asia-Pacific (APAC), Middle East and Africa (MEA), and South America separately. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.

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About Data Bridge Market Research (DBMR):

 Data Bridge Market Research Pvt Ltd is a multinational management consulting firm with offices in India and Canada. As an innovative and neoteric market analysis and advisory company with unmatched durability level and advanced approaches. We are committed to uncover the best consumer prospects and to foster useful knowledge for your company to succeed in the market.

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This release was published on openPR.