Report Predicts Powder Coating Equipment Market to Reach $2.14 Billion By 2024
SAN FRANCISCO – The global powder coating equipment market is expected to reach $2.14 billion by 2024, according to a new report by Grand View Research Inc. The market is expected to witness significant gains over the forecast period on account of increasing usage of powder coatings in automotive, consumer goods, architectural, furniture, general industries and defense applications.
Rising demand for furniture and other architectural products such as windows and aluminum extrusions are expected to increase the industry size over the next eight years. Manufacturers are offering coatings booths made of 18-gauge galvanized metal for improved durability and reduced costs associated with installation.