New York, NY -- (SBWIRE) -- 04/21/2021 -- The global Powder Coating Equipment market is forecast to reach USD 2.40 Billion by 2027, according to a new report by Reports and Data. Owing to the growing use of powder coatings in automobiles, consumer products, construction, furniture, general manufacturing, and defense applications, the market is expected to see substantial growth over the projected period. Over the following years, increasing demand for furniture and other architectural items such as windows and aluminum extrusions is projected to expand the size of the industry. Companies are introducing 18-gage galvanized metal coating booth to improve durability as well as reduce installation-related costs.

The high abundance of raw materials such as stainless steel, iron ore, aluminum, and plastics in the U.S., India, Australia, and China will increase their demand over the forecast years. The potential benefits of powder coatings, the decrease in the profile of solid waste relative to conventional coatings, and the economic benefits are some of the drivers that can push the demand.

Growing need to improve the quality of indoor & outdoor air given the health consequences of VOCs, market producers are focused on reducing VOC materials. Minimal VOC emissions, particularly in comparison to liquid paints, will provide manufacturers with a strong corporate outlook, as they can quickly and efficiently comply with U.S. environmental protection agency regulations. The application of this uniform stain on metallic and non-metallic substrates is rendered using various techniques. Because of its low environmental effect, this substance is commonly used in a range of liquid applications, including automobile, electronics, architecture, furniture, ACE, and general industries.

Key participants include Nordson Corporation, Gema Switzerland GmbH, WAGNER, Parker Ionics, Red Line Industries Limited, Reliant Finishing Systems, Carlisle, Hangzhou Color, and Oven Empire Manufacturing, among others.

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The COVID-19 impact:

The current pandemic situation has led to reduced demand in the automobile, manufacturing, telecommunications, and white goods for paints and coatings. For the sector, the road to return of production is highly dependent on the length of the sanctions imposed and their impact on global economic activity. Contrary to the emerging trend, generally, specific consumer sectors, such as antimicrobial coatings, are seeing an increase in demand in the healthcare and food industries. The Asia Pacific region was most affected by this pandemic, with China at the forefront of the epidemic. Production and supply were put on hold, resulting in losses for manufacturers, dealers, and consumers.

For the purpose of this report, Reports and Data has segmented into the global Powder Coating Equipment market on the basis of Product, Substrate, application, and region:

Product Outlook (Revenue, USD Billion; 2017-2027)

Ovens & booths
Powder coat guns
Others

Substrate Outlook (Revenue, USD Billion; 2017-2027)

Metallic
Non-metallic

Application Outlook (Revenue, USD Billion; 2017-2027)

Consumer goods
Architectural
Automotive
General industries
Furniture
Others

Regional Outlook (Revenue, USD Billion; 2017-2027)

North America
Europe
Asia Pacific
MEA
Latin America

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Further key findings from the report suggest

In 2019, automotive accounted for 20.60% of the total share of the market and is expected to see the highest growth over the projected timeframe. This pattern is likely to continue due to increasing powder coating requirements for a wide variety of applications, including bodywork, paint, aluminum wheels, and lightweight in-mold parts.

MEA accounted for 5.04% of the global share in 2019 and is expected to see gains in the construction industry's growth, especially in Qatar and the UAE. In turn, this scenario is likely to be sponsored due to specific reasons, such as an advanced regulatory system for real estate, economic growth, and growing regional development programs.

The Asia Pacific driven by China, India, and Japan's production may record improvements in revenue with a CAGR of 7.5% by 2027 related to the growing infrastructure and increasing demands for high-quality concrete mix in the region. Rapid urbanization along with raw material availability and cheap labor has led to considerable expansion in the construction of buildings, which is the main driving factor.

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Table of Content:

Chapter 1. Market Synopsis
1.1. Market Definition
1.2. Research Scope & Premise
1.3. Methodology
1.4. Market Estimation Technique
Chapter 2. Executive Summary
2.1. Summary Snapshot, 2019-2027
Chapter 3. Indicative Metrics
Chapter 4. Powder Coatings Equipment Market Segmentation & Impact Analysis
4.1. Powder Coatings Equipment Market Product Segmentation Analysis
4.2. Industrial Outlook
4.2.1. Market indicators analysis
4.2.2. Market drivers analysis
4.2.2.1. Increasing demand from end-use industries
4.2.2.2. Superior properties
4.2.2.3. Abundant availability of raw materials
4.2.3. Market restraints analysis
4.2.3.1. High energy consumption
4.3. Technological Insights
4.4. Regulatory Framework
4.5. ETOP Analysis
4.6. Porter's Five Forces Analysis
4.7. Competitive Metric Space Analysis
4.8. Price trend Analysis
4.9. Customer Mapping
4.10. Covid-19 Impact Analysis
4.11. Global Recession Influence

Continued…

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