Adhesive Equipment Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2022-2027
The global adhesive equipment market reached a value of US$ 31.8 Billion in 2021. Looking forward, IMARC Group expects the market to reach US$ 43.5 Billion by 2027, exhibiting a CAGR of 5.59% during 2022-2027. Keeping in mind the uncertainties of COVID-19, we are continuously tracking and evaluating the direct as well as the indirect influence of the pandemic on different end use industries. These insights are included in the report as a major market contributor.
Adhesive equipment refers to tools and gears that aid in bonding dissimilar objects. It comprises adhesive controllers, industrial hot melts, adhesive pumping systems, and adhesive application guns. It reduces stress concentration at screw and rivet points, improves production efficiency, and minimizes vibration, fatigue, and noises. As a result, it finds extensive application in the packaging, construction, and textile industries across the globe.
Adhesive Equipment Market Trends:
A significant rise in the demand for disposable hygiene products (DHP) due to safety concerns and increased convenience represents one of the major factors strengthening the growth of the market. Adhesive equipment is widely utilized in the manufacturing of DHP to offer better quality products at a faster and relatively lower cost. Besides this, on account of the need for fast and safe bonding of the materials, cost-saving production, and compatibility with the existing production lines, there is a rise in the demand for adhesive equipment in the packaging industry around the world. Moreover, increasing utilization in the food and beverages, electronics, pharmaceuticals, fast-moving consumer goods (FMCG) for numerous purposes is acting as another growth-inducing factor. Furthermore, the leading players are focusing on introducing innovative and sustainable equipment, such as bio-based hot melt adhesives, which rely on fossil fuel-based components. These adhesives offer excellent performance, easy conversion, and temperature resistance. These innovations are strengthening the growth of the market. Some of the other factors, such as increasing industrialization, favorable government initiatives undertaken in various countries to support the packaging sector, rising construction spending to refurbish and renovate existing infrastructure, and the thriving automotive and consumer electronics industries, are anticipated to propel the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global adhesive equipment market, along with forecasts at the global, regional and country level from 2022-2027. Our report has categorized the market based on product, application and distribution channel.
Breakup by Product:
Industrial Hot Melt
Cold Glue Applicators
Pneumatic Adhesive Applicators
Adhesive Pumping Systems
Adhesive Application Guns
Breakup by Application:
Disposable Hygiene Products (DHP)
Breakup by Distribution Channel:
Supermarket and Hypermarket
Breakup by Region:
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Adhesive & Equipment Inc., Atlas Copco, Dymax Corporation, Glue Machinery Corporation, Graco Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, ITW Dynatec, Nordson Corporation, Robatech AG and Valco Cincinnati Inc.
Key Questions Answered in This Report:
How has the global adhesive equipment market performed so far and how will it perform in the coming years?
What has been the impact of COVID-19 on the global adhesive equipment market?
What are the key regional markets?
What is the breakup of the market based on the product?
What is the breakup of the market based on the application?
What is the breakup of the market based on the distribution channel?
What are the various stages in the value chain of the industry?
What are the key driving factors and challenges in the industry?
What is the structure of the global adhesive equipment market and who are the key players?
What is the degree of competition in the industry?
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