The global powder coating equipment market is projected to grow from 410 millionin 2024 to 540 million by 2030, registering a 5.0% compound annual growth rate, according to a new MarketsandMarkets report. This expansion is being driven by rising demand from the appliance and automotive sectors, particularly in developing economies experiencing rapid urbanization and infrastructure development.
Hybrid resin-based equipment currently dominates the market, accounting for the largest share in 2023. These systems combine the durability of epoxy with the weather resistance of polyester, making them ideal for applications requiring both performance and aesthetic appeal. The technology’s compliance with environmental regulations further enhances its adoption across industries facing stringent sustainability requirements.
Grinding equipment represents the largest component segment, essential for achieving precise particle consistency in powder coatings. Twin screw extruders follow closely, valued for their versatility in handling diverse resin systems. The appliance industry remains the primary end-user, with powder coating providing critical corrosion protection and visual appeal for household products exposed to moisture and environmental stress.
Asia Pacific is expected to witness the fastest growth, fueled by expanding middle-class populations in China and India. Major manufacturers like BUSS AG and Coperion GmbH are increasing their regional presence to capitalize on booming construction, automotive, and consumer goods sectors. Local players such as Yantai Lingyu Powder Machinery are also scaling production to meet domestic demand.
The automotive sector presents significant growth opportunities as electric vehicle production accelerates globally. Powder coating applications for EV components and traditional auto parts are expected to drive equipment sales. However, high initial investment costs may restrain market expansion in price-sensitive regions, according to the report. Key market players include Hosokawa Micron Group, Xtrutech Ltd., and Polimer Teknik, competing through technological innovation and geographic expansion.
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