A CAGR of 5.0% is predicted for the Powder Coating Equipment Market by Component Type (Kneader, Extruders, Cooling Equipment, Grinders), Resin Type (Polyester, Hybrid, Epoxy, Polyurethane, Acrylic), End-Use Industry & Region-Global Forecast to 2030, which is expected to be valued at USD 0.41 billion in 2024 and grow to USD 0.54 billion by 2030. The growing demand from the automotive and appliance industries is one of the factors propelling the growth of the powder coating equipment market. The market would be helped by the rising automobile sector and rapid urbanization. Excessive operating and equipment expenditures may impede market expansion.
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The comprehensive TOC on the “Powder Coating Equipment Market – Global Forecast to 2030” is 400 pages long.
Among the well-known pivotal figures are:
Germany’s Hillenbrand, Inc. (Coperion GmbH),
BUSS AG, a Swiss company
Japan’s Hosokawa Micron Group
Yantai Wutai Chemical Equipment Co., Ltd. (China),
UK-based Xtrutech Ltd.
Chongqing Degold Machine Co., Ltd. (China), and many more….
Driver: Increasing demand for car components and parts
The population of China, India, and other Southeast Asian nations is steadily increasing, which is driving up demand for both private and public transportation. For covering metal parts and components utilized in these vehicles, powder coating is perfect. The market for powder coating equipment is growing due in large part to the rise of the electric vehicle (EV) and hybrid vehicle sectors. Powder coatings offer a compelling solution to the unique challenges associated with electric vehicle manufacturing Because of their strength and capacity to withstand corrosion, they are ideal for shielding important parts including battery enclosures, chassis, and electrical systems from damage and environmental risks. Furthermore, in electric vehicle (EV) applications, where heat dissipation and thermal management are critical to performance optimization and battery life extension, their resistance to high temperatures is helpful.
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By end-use industry, the appliance category held the greatest market share in 2023.
Urbanization is peaking at the same time as population is growing in many parts of the world. The number of individuals purchasing and leasing homes is increasing, which leads to an increase in the demand for consumer products and home appliances. Due to their exceptional corrosion resistance and ability to withstand moisture and fluctuating climatic conditions, powder coating is used on a large number of appliances to prevent rust and deterioration over time. In addition to offering corrosion protection, powder coating enhances the appearance of appliances by giving them a consistent, smooth surface that resists fading.
Throughout the projected period, the Asia Pacific region is anticipated to have the greatest CAGR in terms of value.
Asia Pacific is home to emerging nations like China and India, where the middle class is growing. Rising income levels and the expansion of infrastructure throughout the nations are driving up demand for a range of industrial uses, including consumer goods, automotive, and powder-coated items. Prominent players in the worldwide powder coating equipment industry, such as BUSS AG and Hillenbrand Inc. (Coperion GmbH), are augmenting their manufacturing capabilities and market share inside the Asia Pacific region. Furthermore, a large number of original equipment manufacturers (OEMs) such as Yantai Lingyu Powder Machinery Co., Ltd., Yantai Yuanli Machinery Manufacturing Co., Ltd., and Yantai Donghui Powder Processing Equipment Co., Ltd. are present in the powder coating equipment market in China. In order to fulfill the increasing demand from end-use sectors, these businesses are likewise investing in cutting-edge technology and increasing their production capacity.