Global Powder Coatings Equipment Market Overview
This report is based on the synthesis, analysis, and interpretation of various sources of information gathered regarding the target market. Our analysts have analyzed the information and data and gained insights using a mix of primary and secondary research efforts to provide a holistic view of the market.
In addition, an in-house study has been made of the global economic conditions and other economic indicators and factors to assess their respective impact on the market historically, as well as the current impact to make informed forecasts about the scenarios in the future.
Powder coating also known as substrate, is applied to the object's surface to protect the surface and is used for decorative and functional or for both purposes. This equipment covers the surface with paint coating or other substances known as coating equipment. Powder coating process provide broad surface coverage or part of substrate.
Powder coating equipment help producers to achieve desirable scratch, chemical, and water resistance for products. Current expansion of building & construction and automotive industries is anticipated to have a positive impact on global powder coating equipment market.
The global powder coatings equipment market growth is primarily attributed to growing demand from consumers good and automotive sector, coupled with growing demand from industrial goods industries. Growth in the automotive powder coatings industry is anticipated to drive growth of powder coatings equipment market because of its features to protect automotive parts of vehicle from various weather conditions. The automotive industries currently use powder coatings on bumpers, wheels, hubcaps, door handles, radiators, decorative trim, engine blocks, and various under-the-hood components and parts.
However, fluctuating currency, crude oil prices, and raw material prices are major restraining factors expected to hamper growth of the global powder coatings equipment market over the forecast period.
Target audience for the global powder coatings equipment market include industry associations, powder coatings equipment producers, powder coatings equipment traders, powder coatings equipment suppliers, and powder coatings equipment distributors, government and research organizations, industrial, association bodies, raw material suppliers, powder coatings equipment distributors, and others.
Asia Pacific powder coatings equipment market is estimated to account for significant share in terms of revenue in 2017 in the global market, and is projected to maintain its dominance over the forecast period, owing to rising demand for powder coatings equipment from various consumer good and automotive manufacturing industries in countries in this region. Asia Pacific powder coatings equipment market is also projected to register fastest growth in terms of revenue in next ten years.
Global Powder Coatings Equipment Market Segmentation:
Segmentation by product:
- Ovens & booths
- Powder coat guns
Segmentation by application:
- Consumer goods
- Others (general industries and construction)
Segmentation by region:
- North America
- Asia Pacific
- Latin America
- Middle East & Africa
- Nordson Corporation
- Gema Switzerland GmbH
- Mitsuba Systems (India) LLP
- Wagner GmbH
- Statfield Equipments
- The Eastwood Company
- Parker Ionics Powder Coating Equipment
- RED LINE INDUSTRIES LIMITED
- Reliant Finishing Systems
- Carlisle Companies Inc.
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