Powder coating equipment farecast
Powder coating equipment farecast
The need for powder coat guns is anticipated to increase as domestic production and worldwide. Additionally, it is seen that demand for powder coating equipment would increase due to the government's focus on coatings that don't emit volatile organic compounds. Additionally, rising private company investments in the paint and coatings sectors in this region are anticipated to fuel market revenue growth.
The use of coatings that emit volatile organic compounds has been reduced with the help of the U.S. and Europe (VOC). To stop VOC emissions, the Environmental Protection Agency (EPA) and the European Commission (EU) have established rules and directives. For instance, China also established VOC emission standards in December 2020, which increased the use of powder coatings and raised the need for machinery.
The development of innovations in auxiliary equipment for powder coating has significantly improved operating efficiency and reduced costs. Additionally, it is anticipated that over the projected period, demand for powder coating equipment will increase due to functional powder coatings adaptability in tougher environments. This, in turn, is anticipated to boost the demand for powder coating equipment over the projected period.
In addition, expanding government programs that support the use of energy-efficient appliances in industrial settings also supports market expansion for powder coating equipment. Additionally, manufacturers are making significant investments in creating energy-efficient appliances to encourage sustainability, which is also boosting market revenue growth throughout the anticipated time.
Ovens and booths are mainly used in the automotive industry because they give the vast amount of coating space that is needed. Additionally, the introduction of electric vehicles in the automotive sector is anticipated to positively affect the expansion of the powder coating equipment market.
The DIY powder coating market for home restoration and improvement has grown owing to orders from stay-at-home customers. The DIY industry is expanding as a result of people in the U.S. and other European nations taking a similar tack, which will increase the sales of powder coat guns throughout the projection period.
Manufacturers of powder coating equipment are especially working to provide ancillary equipment that can boost productivity and maximize energy savings. The developed markets of the U.S., Germany, and Japan are introducing various types of controllers, modules, pumps, and gauges. Therefore, these factors are likely to fuel the market demand.
Other powder coating equipment comprises a variety of auxiliary items such as controllers, gauges, pumps, filters, hoses, and tubing. As powder coating businesses seek to modernize their processes to improve productivity and efficiency, the demand for this equipment is anticipated to expand significantly.