Powder Coating Equipment Market
Powder Coating Equipment Market
The market for Powder Coating Equipment was estimated at $2.62 billion in 2024; it is anticipated to increase to $4.4 billion by 2030, with projections indicating growth to around $6.9 billion by 2035.
Global Powder Coating Equipment Market Outlook
Revenue, 2024 (US$B)
Forecast, 2034 (US$B)
CAGR, 2024 - 2034
Market Key Insights
- The Powder Coating Equipment market is projected to grow from $2.6 billion in 2024 to $6.3 billion in 2034. This represents a CAGR of 9.2%, reflecting rising demand across Automotive Industry, Household Appliances and Architectural And Construction Industry.
- Nordson Corporation, Hangzhou Color Powder Coating Equipment Co Ltd, Gema Switzerland GmbH are among the leading players in this market, shaping its competitive landscape.
- U.S. and China are the top markets within the Powder Coating Equipment market and are expected to observe the growth CAGR of 6.7% to 9.7% between 2024 and 2030.
- Emerging markets including Vietnam, Indonesia and Brazil are expected to observe highest growth with CAGR ranging between 8.8% to 11.5%.
- Transition like Advancements in Technology is expected to add $500.0 million to the Powder Coating Equipment market growth by 2030
- The Powder Coating Equipment market is set to add $3.7 billion between 2024 and 2034, with manufacturer targeting Aerospace & Industrial Goods Applications projected to gain a larger market share.
- With Rising demand in the automobile industry, and Industrial advancement in protective and marine coatings, Powder Coating Equipment market to expand 141% between 2024 and 2034.
Opportunities in the Powder Coating Equipment
Collaborations between manufacturers of powder coating equipment and industries that use the equipment have the potential to accelerate market expansion significantly. By forming partnerships, with end user industries and customizing the equipment to meet specific industry requirements.
Growth Opportunities in North America and Europe
North America Outlook
Europe Outlook
Market Dynamics and Supply Chain
Driver: Rising Demand in the Automobile Industry, and Growth in Green Construction
Restraint: High Operational Cost
Opportunity: Technological Innovations and Growing Domains for Application
Challenge: Regulatory Compliance Challenges
Supply Chain Landscape
AkzoNobel
Sherwin-Williams
Nordson Corporation
Gema Switzerland GmbH
Wagner Group
Hangzhou Colo
Automotive
Architectural Segment
Furniture
AkzoNobel
Sherwin-Williams
Nordson Corporation
Gema Switzerland GmbH
Wagner Group
Hangzhou Colo
Automotive
Architectural Segment
Furniture