Powder coatings equipment materials have high demand from various sectors such as architectural and automotive, and furniture industries which is anticipated to drive growth of the global powder coatings equipment market significantly during the forecast period.
The global powder coatings equipment market report has been segmented on the basis of product, application, and region.
On the basis of product, the global powder coatings equipment market has been segmented into ovens & booths and powder coat guns. The ovens & booths powder coatings equipment segment is estimated to account for major share in terms of revenue in the global powder coatings equipment market over the forecast period. Also, these segment is also expected to register fastest growth over the forecast period.
On the basis of application, the global powder coatings equipment market has been segmented into consumer goods, architectural, automotive, furniture, and others (general industries and construction). The consumer goods segment is expected to account for significantly share in the global powder coatings equipment market in terms of revenue, owing increasing demand from electronic goods industries for equipment such as refrigerators, water heaters, microwave, dryer drums, dishwashers, vacuum cleaners, and freezer cabinets.
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On the basis of region, the global powder coatings equipment market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Market in Asia Pacific is estimated to account for significant revenue share in the global powder coatings equipment market. The powder coatings equipment market in Asia Pacific is projected to register fastest growth in terms of revenue in the next seven years, owing to increasing demand from architectural, automotive, and furniture industries in the countries in the region.
Key players operating in the global market include 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, and Carlisle Companies Inc.