Skip to main content

Powder Coatings Equipment Market Trends, Statistics, Segments and Forecast to 2024

The market is expected to witness significant gains over the forecast period on account of increasing usage of powder coatings in automotive, consumer goods, architectural, furniture, general industries and defense applications.

The Global Powder Coatings Equipment Market is expected to reach USD 2.14 billion by 2024, according to a new report by Grand View Research, Inc.


Rising demand for furniture and other architectural products such as windows and aluminum extrusions are expected to increase the industry size over the next eight years. Manufacturers are offering coatings booth made up of 18-gauge galvanized metal, for improving durability as well as reduce costs associated with installation.

Powder coat guns are expected to witness significant growth at a CAGR of 7.5% owing to its benefits including lightweight and easy color change. Furthermore, consumption of guns for spraying of powder coatings on metals, ceramics, glass and plastic surfaces is likely to augment demand over the upcoming years.

To Know More About Powder Coatings Equipment Market Please Visit Us @ https://www.grandviewresearch.com/industry-analysis/powder-coatings-equipment-market

Automotive accounted for 20.8% of the overall industry share in 2015 and is likely to witness the fastest growth over the forecast period. This trend is expected to continue on account of rising requirements of powder coatings for a broad range of applications including bodywork, trim, aluminum wheels, and in-mold light weight components.

Top Players of Powder Coatings Equipment Market:

The presence of various automotive players including Ford, General Motors, Chevrolet, Mercedes-Benz and Dodge is expected to fuel the product demand over the upcoming years.

Market Segmentation of Powder Coatings Equipment Market:

The Global Powder Coatings Equipment Market segmented on the basis of Product and Application.

By Product:

    Ovens & booths
    Powder coat guns

By Application:

    Consumer goods
    Architectural
    Automotive
    General industries
    Furniture

Inquire about Powder Coatings Equipment Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3342
Labels:

Comments

Post a Comment

Popular posts from this blog

North America Calcium Carbonate Market Outlook, Research, Trends and Forecast to 2025

Rising demand in various end-use industries such as paper, building, and construction, plastic, etc. is expected to support the demand for calcium carbonate in upcoming years. Further, growth of manufacturing and construction sectors in Asia Pacific and the Middle East is supposed to boost the product demand. The North America Calcium Carbonate Market is expected to reach USD 9.19 billion by 2025, according to a new report by Grand View Research, Inc.   The industrial filler is expected to emerge as the largest as well as fastest growing application segment. The demand is likely to increase further owing to diversified application base of calcium carbonate as fillers in various end-use industries. Another application segment is likely to emerge as the second largest application segment. Papers coated with calcium carbonate may create problems during production, as adhesives do not stay on these papers. Excessive calcium carbonate consumption through food supplements is har...
Post a Comment
Read more

Electronic Adhesives Industry: Global Survey, Trend Overview and 2022 Forecast

Electronic adhesives have enhanced intrinsic conductive and thermal properties which enable them to substitute soldering systems. Increasing significance of compact devices including flash drives, CDs, and communication drives is expected to drive demand over the forecast period. The Global Electronic Adhesives Market is expected to reach USD 7.80 billion by 2022, according to a new report by Grand View Research, Inc.   Shift in trend toward miniaturization of electronic components has created need for these adhesives. Replacement of PCBs with multi-chip modules has also prompted product demand. PCBs are laminated plastic boards that utilized these adhesives in surface-mount components, bonding conformal coatings, wire tacking and encapsulating components. High installation costs for laminating & packaging machinery and product assembly are expected to remain key challenges for industry participants. Electrically conductive adhesives emerged as the largest product segm...
Post a Comment
Read more

Colored Polyurethane (PU) Foams Market Outlook and Global Foresight to 2022

The market is expected to be driven by increasing developments in electronic appliances, automotive, footwear and packaging industries. Growing demand for high performance materials from automotive industry is expected to drive global colored PU foams market over the forecast period. The Global Colored Polyurethane (PU) Foams Market is expected to reach USD 20.33 billion by 2022, according to a new report by Grand View Research, Inc. Increasing construction spending in Asia Pacific is also expected to have a positive influence on the market growth. Volatile MDI/TDI prices are expected to challenge market profitability. Flexible colored PU foams were the leading product segment and accounted for over 55% of total market volume in 2014. They are widely used for cushioning applications mainly in furniture & interiors and packaging industries. Rigid PU foams are expected to witness the highest growth of 5.2% from 2015 to 2022. Growing demand for insulation products acros...
Post a Comment
Read more