The powder coating equipment market is projected to grow from USD 0.41 billion in 2024 to USD 0.54 billion by 2030, at a CAGR of 5.0% during the forecast period. The powder coating equipment market is continuously growing with a significant growth rate due to its increasing demand from various end use industries, such as appliances, automotive, general industrial, furniture, and architectural. North America, Europe and Asia Pacific are major markets for powder coating equipment market. The environment friendly properties, durability, resilience, and cost-effectiveness of powder coatings make it a desirable coating solution for different applications. Hence driving the market for powder coating equipment.
Some of the major manufacturers operating in the powder coating equipment market are Hillenbrand, Inc. (Coperion GmbH, Germany), BUSS AG (Switzerland), Hosokawa Micron Group (Japan), Yantai Wutai Chemical Equipment Co., Ltd. (China), Xtrutech Ltd. (UK), Chongqing Degold Machine Co., Ltd. (China), Vortex Mixing Technology (China), Moriyama Corporation (Japan), BBA Innova AG (Switzerland), Yantai Donghui Powder Processing Equipment Co., Ltd. (China), CPM Extrusion Group (US), Polimer Teknik (Turkey), IPCO AB (Sweden), and Tiermax Inc. (Canada).
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All the major players in the past few years have been adopting various growth strategies to strengthen their position in the global powder coating equipment market. These growth strategies include product launches, contracts, agreements, collaborations, mergers and acquisitions, partnerships, and research and development activities aiming to expand their market presence in the powder coating equipment market even further.
Hillenbrand Inc. (Coperion GmbH, Germany)
Hillenbrand Inc (Coperion GmbH) is a German Manufacturer of powder coating equipment. The company manufactures and supplies machines under two major segments namely, Advanced Process Solutions and Molding technology Solutions and provides powder coating machines under the Advanced Process Solutions business segment. Coperion GmbH is a subsidiary of Hillenbrand Inc. under the Advanced Process Solution segment through which it manufactures and sells powder coating machines.
Hillenbrand Inc. (Coperion GmbH) had a headcount of 5,000 employees and reported a revenue of USD 2,826.0 million in December 2023. The company’s products are available in countries all over the world and North America and South America account for the largest share of revenue earned by the company from a particular region.
BUSS AG (Switzerland)
BUSS AG is a global leader which specializes in compounding technology, especially known for its innovative reciprocating Co-Kneader systems. BUSS AG manufactures and supplies products for various industries like Thermosets, Paints & Coatings, Bioplastics, Elastomers & Rubber, and PIB Compounds.
The company employs 200 people and operates internationally, supplying innovative products and services to a diverse customer base. The company operates in various regions across Europe, Asia Pacific, and Europe.
Related Reports:
Powder Coating Equipment Market by Component Type (Kneader, Extruders, Cooling Equipment, Grinders), Resin Type (Polyester, Hybrid, Epoxy, Polyurethane, Acrylic), End-Use Industry & Region- Global Forecast to 2030
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