The Global Powder Coatings Equipment Market is poised to grow at a CAGR of around 7.5% over the next decade to reach approximately $2.35 billion by 2025.
Some of the prominent trends that the market is witnessing include increasing adoption of powder coatings by interior designers, rising demand from automotive industry, and recent technological developments of powder coatings equipment.
Based on products the market is categorized into coating powders, powder coat guns, and ovens & booths. Further, powder coat guns segment is divided into tribo gun, hotcoat powder coating gun, electrostatic gun or corona gun, dual-voltage powder coating gun, and others. Ovens & booths segment is categorized into infrared cure ovens, convection cure ovens, and others.
On basis of application the market is segmented by consumer goods, furniture, general industries, architectural, automotive, appliances, defense applications, general industrial and other end users.
This industry report analyzes the market estimates and forecasts for all the given segments on global as well as regional levels presented in the research scope. The study provides historical market data for 2013, 2014 revenue estimations are presented for 2015 and forecasts from 2016 till 2025. The study focuses on market trends, leading players, supply chain trends, technological innovations, key developments, and future strategies.