Global Powder Coatings Equipment Market Overview
The Powder Coatings Equipment Market Size was estimated at 29.01 (USD Billion) in 2022.The Powder Coatings Equipment Industry is expected to grow from 32.05(USD Billion) in 2023 to 78.53 (USD Billion) by 2032. The Powder Coatings Equipment Market CAGR (growth rate) is expected to be around 10.47% during the forecast period (2024 - 2032).
Key Powder Coatings Equipment Market Trends Highlighted
The major factors that have fueled the growth of powder coatings equipment markets include the increasing requirement of durable and corrosion fighting coatings across some end user industries. The better awareness that people have with regards to the use of coatings, and the need for more environmentally acceptable coating are also sweeping the market.
Market opportunities are present in the form of expanding the production of new generation machines for the high – speed powder coating lines. This comprises electrostatic spray, fluidized bed coating, corona discharge systems and other technologies. The current ones include a trend on the powder coatings equipment market, wherein devices for digitalization and automation are further incorporated in order to optimize process control and cut down production time.
Furthermore, equipment is being designed for universal use and has a range of more than one function, which is necessary to meet the coating demands of different branches.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Powder Coatings Equipment Market Drivers
Rising Demand for Durable and Aesthetic Finishes
Powder coatings are increasingly preferred over liquid coatings owing to their advanced features and looks. These coatings survive severely damaging conditions since they are resistant to scratches, heat, moisture as well as corrosion, ideal for other activities such as automotive, construction, and consumer electronic industries. Rising demand for such coatings and the trend for their visual appeal brings global powder coatings equipment market growth.
Advancements in Powder Coating Technology
The design and construction of powder coating equipment have always been on the increase owing to the constant changes in technology, which enhance effectiveness and efficiency of the equipment. Application of automatic systems, use of electrostatic spray guns, introduction of new curing systems and other factors have increased the accuracy, rapidity and general performance of the powder coating devices. These factors lower the costs of manufacturing, enhance output and the quality of the manufacturing which in turn promotes the Global Powder Coatings Equipment Market Industry.
Environmental Regulations and Sustainability Initiatives
Strict regulations concerning the environment as well as the increasing sustainability focus are the main motivators for powder coatings as they have several environmental advantages. The emissions and release of paint from the powder coatings have low volatile organic compounds (VOCs) within them hence less air pollution which is a cleaner environment.
Besides owing to the safety recycles and harmlessness, powder coatings finish can be reclaimed. In these factors, Global Powder Coatings Equipment Market Industry is benefiting positively.
Powder Coatings Equipment Market Segment Insights
Powder Coatings Equipment Market Type Insights
The type of segment of the global powder coatings equipment market is categorized into powder coating guns, powder coating feeders, powder coating booths, powder coating ovens, and powder coating curing systems. Powder coating guns are anticipated to hold the largest market share during the forecast period. The increasing demand for powder coatings in various industries, such as automotive, consumer electronics, and construction, is driving the growth of the powder coating guns market. Powder coating feeders are also expected to witness significant growth due to the rising adoption of automated powder coating systems.
Powder coating booths provide a controlled environment for powder coating applications, ensuring optimal coating quality and reducing overspray. The growing demand for high-quality powder coatings is expected to boost the growth of the powder coating booths market. Powder coating ovens are used to cure the powder coating, and the rising demand for energy-efficient and environmentally friendly ovens is expected to drive the growth of this market segment. Powder coating curing systems play a crucial role in ensuring the durability and performance of powder coatings.
The increasing demand for high-performance powder coatings is expected to drive the growth of the powder coating curing systems market. Overall, the type of segment of the global powder coatings equipment market is expected to witness significant growth in the coming years due to the increasing adoption of powder coatings across various industries. The growing demand for automated and energy-efficient powder coating equipment is also expected to drive the growth of this market.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Powder Coatings Equipment Market Application Insights
The Powder Coatings Equipment Market segmentation, based on application, offers valuable insights into the diverse end-use industries that drive market growth. The automotive industry accounts for a significant share of the market, driven by the increasing demand for powder coatings in vehicle manufacturing. In 2023, the automotive segment was valued at USD 10.54 billion and is projected to reach USD 24.12 billion by 2032, exhibiting a CAGR of 10.6%. The construction industry also holds a prominent position, with powder coatings widely used in architectural and structural applications.
This segment is anticipated to grow from USD 6.23 billion in 2023 to USD 13.97 billion by 2032, at a CAGR of 10.5%. In the electronics sector, powder coatings provide protection and durability to electronic components, contributing to the segment's growth. It is estimated to reach USD 5.63 billion by 2032, expanding at a CAGR of 10.3%. The furniture industry utilizes powder coatings for their aesthetic appeal and resistance to wear and tear, leading to a projected market value of USD 4.29 billion by 2032, with a CAGR of 10.2%. Lastly, the medical devices segment exhibits growth potential due to the stringent regulatory requirements for biocompatibility and corrosion resistance, resulting in a projected market size of USD 3.76 billion by 2032, at a CAGR of 10.1%.
Powder Coatings Equipment Market Technology Insights
Electrostatic spraying, electrostatic fluidized beds, thermal spraying, plasma spraying, and high-velocity oxy-fuel spraying are the key technologies used in the powder coatings equipment market. Electrostatic spraying held the largest market share in 2023, and it is expected to continue to dominate the market during the forecast period. The global powder coatings equipment market revenue from electrostatic spraying is expected to reach USD 11.23 billion by 2024, growing at a CAGR of 10.6%. Electrostatic fluidized beds are expected to witness the fastest growth during the forecast period, with a CAGR of 11.3%.
Thermal spraying, plasma spraying, and high-velocity oxy-fuel spraying are also expected to grow steadily during the forecast period. The growth of the powder coatings equipment market is attributed to the increasing demand for powder coatings in various industries, such as automotive, aerospace, and construction.
Powder Coatings Equipment Market Powder Material Insights
The Powder Material segment plays a pivotal role in the Powder Coatings Equipment Market, accounting for a major share of the revenue in 2023. Thermoplastic Powders held the largest market share, valued at approximately 10.45 billion USD in 2023. These powders offer excellent durability, flexibility, and resistance to chemicals and abrasion, making them suitable for various applications such as automotive parts, appliances, and furniture. Thermosetting Powders, with a market value of around 8.96 billion USD in 2023, are known for their high heat resistance and chemical inertness, making them ideal for industrial and heavy-duty applications.
Metallic Powders accounted for a market size of 6.23 billion USD in 2023, owing to their ability to impart metallic effects and enhance corrosion resistance. Ceramic Powders held a market share of approximately 2.94 billion USD in 2023, primarily used in high-temperature applications and industries such as aerospace and medical. Composite Powders, with a market value of around 2.31 billion USD in 2023, offer a combination of properties from different materials, providing customized solutions for specific applications. The Powder Material segment is expected to witness significant growth in the coming years, driven by increasing demand from end-use industries and technological advancements in powder coating equipment.
Powder Coatings Equipment Market End Use Insights
The Global Powder Coatings Equipment Market segmentation by end use comprises OEMs, job shops, government, military, and aerospace. OEMs accounted for the largest revenue share in 2023, and this trend is likely to continue during the forecast period. The growth of the OEM segment can be attributed to the increasing demand for powder coatings in various industries, such as automotive, consumer goods, and construction. Job shops are expected to witness significant growth during the forecast period, owing to the increasing outsourcing of powder coating services by various end-use industries.
Government, military, and aerospace applications are also expected to contribute to the growth of the Powder Coatings Equipment Market.
Powder Coatings Equipment Market Regional Insights
The regional segmentation of the Global Powder Coatings Equipment Market offers valuable insights into the market's geographic distribution and growth potential. North America is expected to dominate the market with a significant share in 2023, owing to the presence of major manufacturers, advancements in technology, and high demand from various end-use industries. Europe follows closely, driven by strict environmental regulations and a focus on sustainable manufacturing practices. The APAC region is projected to exhibit the highest growth rate during the forecast period, fueled by rapidly developing economies, increasing urbanization, and rising infrastructure investments.
South America and MEA also present growth opportunities due to expanding industrial sectors and government initiatives promoting infrastructure development.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Powder Coatings Equipment Market Key Players and Competitive Insights
The major players in the powder coatings equipment market are making continuous efforts to establish themselves and develop their strategies. The powder coatings equipment market players are actively engaged in product launches and mergers and acquisitions and collaborations with other companies to remain ahead in the market. Moreover, to enhance their market share, the leading players of the powder coatings equipment market are primarily focusing on strategic expansions, which are increasing demand for powder coatings equipment. The powder coatings equipment market is expected to remain competitive with the presence of several players, and there has been continuous expansion in the product range along with advancements in technology. Furthermore, to remain competitive in the market the companies are focusing on product innovation and are developing specialized products tailor-made to customer needs.
Nordson is one of the prominent companies leading the powder coatings equipment market. The company is the market leader with an unmatched product portfolio and vast range of applications. Nordson offers a wide range of powder coating systems from manual to fully automated to offer the best to the various industries. The company is known for its aggressive approach towards product innovation and the development of new products. Moreover, for over five decades the company has had a global presence with manufacturing and sales operations in over 30 countries. The company has a strong focus on research and development of new technologies, and with the up-gradation of its existing technologies, it has developed first-of-a-kind technologies such as an electrostatic spray. This technology represents a huge leap forward in powder coating efficiency and quality culminating in superior product technology.
Gema is one of the severe competitors of Nordson and is a global supplier of powder coating equipment and systems. The company offers manual powder coating guns, automatic powder coating guns, powder management concepts, and powder hoppers. Additionally, Gema also sells powder coating booths, control systems, and peripherals for the product. The tremendous focus of Gema is to provide customers with solutions that combine high quality and efficiency with innovative product technology. The company continuously invests in developing new technologies and has a team of highly experienced and qualified engineers. The company has been able to make its strong presence in the regions and in over 50 countries the company has sale and service centers. Another focus of the company is customer satisfaction, and with the endeavor to provide the best to the customers, Gema has introduced a technology called OptiFlex – a powder management system. The system is automated and needs no manual alteration and changes are made on the gun automatically, providing accurate and efficient coating.
Key Companies in the Powder Coatings Equipment Market Include:
- Hawk Finishing Equipment
- Thermospray
- ITW GEMA
- Graco Inc.
- Apollo Sprayers International
- Sulzer Chemtech
- SATA GmbH Co. KG
- Praxair Surface Technologies
- Wagner Group
- Ransburg Industrial Finishing
- Accel Group
- Seal Methods
- Nordson Corporation
- DeVilbiss Automotive Refinishing
- Gema Switzerland GmbH
Powder Coatings Equipment Market Industry Developments
Recent developments in the Powder Coatings Equipment Market include the growing adoption of automated powder coating systems to enhance efficiency and productivity. Technological advancements in powder coating guns, such as electrostatic spray guns, have improved transfer efficiency and reduced overspray. The increasing demand for environmentally friendly coatings is driving the market for powder coating equipment, as powder coatings emit fewer volatile organic compounds (VOCs) compared to traditional liquid coatings.
The automotive and transportation industries remain major end-users of powder coatings, with a growing focus on lightweight and durable finishes. Furthermore, the construction and infrastructure sectors are witnessing a rise in the adoption of powder coatings for corrosion protection and aesthetic appeal.
Powder Coatings Equipment Market Segmentation Insights
Powder Coatings Equipment Market Type Outlook
- Powder Coating Guns
- Powder Coating Feeders
- Powder Coating Booths
- Powder Coating Ovens
- Powder Coating Curing Systems
Powder Coatings Equipment Market Application Outlook
- Automotive
- Construction
- Electronics
- Furniture
- Medical Devices
Powder Coatings Equipment Market Technology Outlook
- Electrostatic Spraying
- Electrostatic Fluidized Beds
- Thermal Spraying
- Plasma Spraying
- High-Velocity Oxy-Fuel Spraying
Powder Coatings Equipment Market Powder Material Outlook
- Thermoplastic Powders
- Thermosetting Powders
- Metallic Powders
- Ceramic Powders
- Composite Powders
Powder Coatings Equipment Market End Use Outlook
- OEMs
- Job Shops
- Government
- Military
- Aerospace
Powder Coatings Equipment Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
| Report Attribute/Metric |
Details |
| Market Size 2022 |
29.01(USD Billion) |
| Market Size 2023 |
32.05(USD Billion) |
| Market Size 2032 |
78.53(USD Billion) |
| Compound Annual Growth Rate (CAGR) |
10.47% (2024 - 2032) |
| Report Coverage |
Revenue Forecast, Competitive Landscape, Growth Factors, and Trends |
| Base Year |
2023 |
| Market Forecast Period |
2024 - 2032 |
| Historical Data |
2019 - 2023 |
| Market Forecast Units |
USD Billion |
| Key Companies Profiled |
Hawk Finishing Equipment, Thermospray, ITW GEMA, Graco Inc., Apollo Sprayers International, Sulzer Chemtech, SATA GmbH Co. KG, Praxair Surface Technologies, Wagner Group, Ransburg Industrial Finishing, Accel Group, Seal Methods, Nordson Corporation, DeVilbiss Automotive Refinishing, Gema Switzerland GmbH |
| Segments Covered |
Type, Application, Technology, Powder Material, End Use, Regional |
| Key Market Opportunities |
Growing demand in automotive industry Rising adoption in construction sector Technological advancements Increasing focus on environmental sustainability |
| Key Market Dynamics |
Growing infrastructure spending Increasing demand for durable finishes Technological advancements in powder coatings Environmental regulations Rising adoption in automotive industry |
| Countries Covered |
North America, Europe, APAC, South America, MEA |
Frequently Asked Questions (FAQ) :
The Global Powder Coatings Equipment Market is expected to reach a valuation of USD 78.53 Billion by 2032, exhibiting a CAGR of 10.47% during the forecast period (2024-2032).
The Asia-Pacific region is anticipated to dominate the Global Powder Coatings Equipment Market, with a significant share, owing to the increasing demand for powder coatings in industries such as automotive, consumer goods, and construction.
Powder Coatings Equipment finds applications across various industries, including automotive, consumer goods, furniture, and construction. Within these industries, powder coatings are used for a range of purposes, such as providing corrosion resistance, improving aesthetics, and enhancing durability.
Some of the prominent players in the Global Powder Coatings Equipment Market include Nordson Corporation, Gema Group, Wagner Group, and ITW EAE.
The increasing demand for eco-friendly powder coatings, advancements in application technologies, and the growing adoption of automation in powder coating processes are some of the key trends influencing the growth of the Global Powder Coatings Equipment Market.
The COVID-19 pandemic had a moderate impact on the Global Powder Coatings Equipment Market. However, with the easing of restrictions and the gradual recovery of industrial activities, the market is expected to regain its growth momentum in the coming years.
The increasing demand for powder coatings in various industries, growing awareness about environmental regulations, and advancements in powder coating technologies are some of the key factors driving the growth of the Global Powder Coatings Equipment Market.
The high cost of powder coating equipment, the need for skilled labor, and the stringent environmental regulations regarding the emission of volatile organic compounds (VOCs) are some of the challenges faced by the Global Powder Coatings Equipment Market.
The growing demand for powder coatings in emerging economies, the increasing adoption of powder coating technologies in new applications, and the development of innovative powder coating equipment are some of the key opportunities for growth in the Global Powder Coatings Equipment Market.
The increasing adoption of automation and digitalization in powder coating processes, the development of sustainable powder coating technologies, and the growing demand for customized powder coating equipment are some of the key trends to watch in the Global Powder Coatings Equipment Market.
