Adhesive Dispensing Equipment Market Size is valued at USD 1.46 Bn in 2022 and is predicted to reach USD 1.95 Bn by the year 2031 at a 3.4% CAGR during the forecast period for 2023-2031.
Adhesive dispensing equipment refers to machinery used for the precise application of adhesives. It finds extensive utility across diverse industries, including electronics, construction, automotive, packaging, industrial manufacturing, lamination, leather & footwear production, woodworking, and transportation. The market for adhesive dispensing equipment has been experiencing growth, primarily driven by heightened demand emanating from various end-use sectors. This upswing can be attributed to technological advancements and the increasing disposable income levels in developing nations. Several factors contribute to the expansion of this market. These include a rising demand for adhesive dispensing applications in electronics, construction, automotive, and packaging industries.
Additionally, manufacturers are becoming increasingly aware of automation's cost-saving benefits, which fuels adoption. Reduced labour costs propel the pursuit of automated systems. Moreover, the availability of cost-effective manual adhesives contributes to a more affordable price point for these machines.
Competitive Landscape
Some Major Key Players In The Adhesive Dispensing Equipment Market:
- Valco Melton
- Henkel Adhesives Technologies India
- Nordson Sealant Equipment
- Glue Machinery Corporation
- Hernon Equipment
- Kirkco Corporation
- Exact Dispensing Systems
- Adhesive Systems Technology Corporation
- Dymax Corporation
- Ashby Cross Company
- Dopag Group (Switzerland)
- Nordon Corporation (U.S.)
Market Segmentation:
The adhesive dispensing equipment market is segmented based on type and end users. The market is segmented based on type as a part volumetric dispensing dual cartridge system, two-part volumetric dispensing meter mix, and hand-held hot melt applicators and applications. By application, the adhesive Dispensing Equipment market is segmented into Packaging paper board Packaging, electronics, industrial and institutional construction and others.
Based On End Users, The Electronics Segment Is A Major Contributor To The Adhesive Dispensing Equipment Market.
The electronics category will hold a major share of the global adhesive dispensing equipment market. Adhesive dispensing machinery finds widespread utilization within the electronics sector, serving multiple functions. Notable applications encompass component attachment, product sealing and potting, and Conformal Coating. Adopting such equipment enhances the caliber and dependability of electronic gadgets while simultaneously reducing manufacturing expenses and boosting production efficiency. This expansion is a consequence of the rising global appetite for cutting-edge electronic devices.
The Two-Part Volumetric Dual Cartridge System Segment Witnessed Growth At A Rapid Rate.
The two-part volumetric dual cartridge system segment is projected to grow rapidly in the global Adhesive Dispensing Equipment market. The dual cartridge system minimizes waste by mixing only the required adhesive. This reduces material costs and environmental impact, making it an attractive choice for companies striving for sustainability. The system streamlines the adhesive dispensing process, reducing downtime. Operators can work more efficiently as they don't need to manually mix adhesives, which can be time-consuming and prone to errors.
The North American Adhesive Dispensing Equipment Market Holds A Significant Regional Revenue Share.
The North American adhesive dispensing equipment market is expected to register a tremendous market share in revenue shortly. The market is experiencing growth during the forecast period due to several factors, including an increasing desire for lighter-weight vehicles, heightened construction activities, and the expanding use of adhesives across various applications.
Additionally, the European adhesive dispensing equipment market is expected to benefit from rising government investments in initiatives to reduce road vehicle weight, which will significantly shape the market landscape in the next five years.
However, Asia Pacific is projected to grow rapidly in the global adhesive dispensing equipment market. The expansion witnessed in these areas can be credited to the rising needs of the construction and automotive sectors. Furthermore, the escalating demand for adhesives across various end-use applications like electronics, packaging, lamination, woodworking, and transportation also significantly propels the adhesive dispensing equipment market's growth in these regions.
Recent Developments
- In June 2022, Henkel Singapore recently unveiled the inauguration of an enhanced adhesives application engineering laboratory situated within its Haw Par Technocentre office in Commonwealth Drive, Singapore. This state-of-the-art facility is designed to function as a centre for innovation and comprehensive technical support, catering to customers operating in the general manufacturing and maintenance sectors across Singapore and the wider South East Asia region.
Adhesive Dispensing Equipment Market Report Scope
|
Report Attribute |
Specifications |
|
Market Size Value In 2022 |
USD 1.46 Bn |
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Revenue Forecast In 2031 |
USD 1.95 Bn |
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Growth Rate CAGR |
CAGR of 3.4 % from 2023 to 2031 |
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Quantitative Units |
Representation of revenue in US$ Bn and CAGR from 2023 to 2031 |
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Historic Year |
2019 to 2022 |
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Forecast Year |
2023-2031 |
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Report Coverage |
The forecast of revenue, the position of the company, the competitive market structure, growth prospects, and trends |
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Segments Covered |
By Type, By End-User |
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Regional Scope |
North America; Europe; Asia Pacific; Latin America; Middle East & Africa |
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Country Scope |
U.S.; Canada; U.K.; Germany; China; India; Japan; Brazil; Mexico ;The UK; France; Italy; Spain; China; Japan; India; South Korea; South East Asia; South Korea; South East Asia |
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Competitive Landscape |
Valco Melton, Henkel Adhesives Technologies India, Nordson Sealant Equipment, Glue Machinery Corporation, Hernon Equipment, Kirkco Corporation, EXACT DISPENSING SYSTEMS, Adhesive Systems Technology Corporation, Dymax Corporation, Ashby Cross Company, Dopag Group (Switzerland), Nordon Corporation (U.S.) |
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Customization Scope |
Free customization report with the procurement of the report, Modifications to the regional and segment scope. Particular Geographic competitive landscape. |
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Pricing And Available Payment Methods |
Explore pricing alternatives that are customized to your particular study requirements. |
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