The global powder coating equipment market is expected to grow at a healthy CAGR during the next few years, fueled by favorable government initiatives and increasing demand for automotive parts. However, several factors, including local regulatory policies, high capital investment, and stringent environmental regulations, can hamper the market growth for powder coating in Marlboro. Thankfully, the market for powder coating equipment will remain competitive for a long time, with numerous opportunities emerging in the coming years.
The COVID-19 outbreak impacted the production of raw materials, causing a significant disruption to the industry. China, which exports a million tons of resin to the world market annually, was affected by this epidemic, resulting in a decline in paints for powder coat colors. Irrespective, the global market for powder coating equipment is expected to reach USD 1680.9 million by 2028.
Ovens and booths are expected to lead the global powder coating equipment market over the forecast period, accounting for 38.4% of the worldwide revenue share. The growing popularity of using a powder coat in NJ across sectors such as the automotive industry is expected to impact the market's growth positively over the forecast period. The vertical reciprocation units will also increase the market's growth.
The competitive landscape for powder coating in Marlboro includes key drivers and challenges for the global market. At Executive Coast 2 Coast Powder Coating, we offer customized powder coating equipment and services for various applications. Before we give you a powder coat in NJ, a thorough analysis of the coating equipment is provided by our industry analysts, and the powder coat colors are customized to suit the needs of clients.
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