The powder coating equipment market is projected to grow USD 0.41 billion in 2024 and is projected to reach USD 0.54 billion by 2030, at a CAGR of 5.0% from 2024 to 2030. During the forecasted years, the growing preference for long lasting and sustainable coatings sustainable coatings and rising demand for automotive parts and components, will drive the market growth.
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Some of the market opportunities include adoption of powder coatings on wood and plastic, and rising application in shipbuilding and pipeline industries.
Based on components, the powder coating equipment market is segmented into Kneaders (Single Screw Extruder), Extruders (Twin Screw Extruder), Cooling Equipment (Cooling drum and cooling conveyor belt), Grinders, and other components (feeder, sieving system, filter, and blender). The companies involved in the manufacturing and supply of these components either sell these machines as a complete production line for powder coating or individually, as per the demand from their customers.
Based on resin, the powder coating equipment market is segmented based on different resins like Polyester, Hybrid, Epoxy, Polyurethane, Acrylic, and other resins (Polyamide, Polyethylene, PVC), that are used in the manufacturing process of powder coating. Which resin will be chosen to manufacture powder coating majorly depends on its application for instance, epoxy-based powder coating is resistant to chemicals and are used in environments where exposure to solvents, acids, or other corrosive substances is a concern, on the other hand polyester resin offers good weather resistance and hence are often used for outdoor applications.
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Based on end-use industry, the powder coating equipment market has been segmented into appliances, automotive, general industrial, architectural, furniture, and other end-use industries. The appliance end use industry held the largest market share in terms of value. Powder coating is getting increasingly adopted for coating various materials like metals, wood, plastic, and ceramics, hence driving the powder coating equipment market.
Based on Region, Asia Pacific region is expected to witness highest CAGR, in terms of value, during the period 2024 to 2030. The high growth of powder coating equipment market can be attributed to increasing demand of powder coating from the appliance and automotive end use industries.
Major players operating in the powder coating equipmentmarket include are Hillenbrand, Inc. (Coperion GmbH, Germany), BUSS AG (Switzerland), Hosokawa Micron Group (Japan), Yantai Wutai Chemical Equipment Co., Ltd. (China), Xtrutech Ltd. (UK), Chongqing Degold Machine Co., Ltd. (China), Vortex Mixing Technology (China), Moriyama Corporation (Japan), BBA Innova AG (Switzerland), Yantai Donghui Powder Processing Equipment Co., Ltd. (China), CPM Extrusion Group (US), Polimer Teknik (Turkey), IPCO AB (Sweden), and Tiermax Inc. (Canada). These companies have reliable manufacturing facilities, strong resources for exhaustive research and development as well as wide and strong distribution networks across the globe, such as North America, Europe and Asia Pacific. The manufacturers have a well-established portfolio of a wide range of products and services, a robust global market presence, and strong business and growth strategies.
