The global adhesive equipment market size is expected to reach USD 42.06 billion by
2022, according to a new report by Grand View Research, Inc. Increasing
adhesives demand from end-use industries such as construction, automotive,
textiles and footwear is expected to remain a key driving factor for global
adhesive equipment market. High industrialization rates coupled with government
initiatives to promote packaging sector in emerging markets of Asia Pacific and
Latin America are expected to drive adhesive equipment demand. Bio-based
adhesives development is also expected to strengthen industry growth as varying
product specifications and associated technological developments constantly
drive competition among companies.
Global adhesive equipment market size was
valued at USD 26.93 billion in 2014. Increasing application in packaging and
DHP industries is expected to drive growth over the forecast period. Rising
demand for intermittent adhesive dispensing to lower costs and product wastage
is also expected to shape up the industry.
Increased regulatory pressure on
companies by agencies such as the U.S. EPA and the REACH has led to the
development of bio-based hot-melt adhesives. Major producers such as Dow,
Henkel, and Nordson have invested in developing bio-based counterparts and dispensing
equipment. These innovations are expected to present several lucrative
opportunities for market growth over the forecast period.
Industrial hot melt equipment was the
largest product segment and accounted for over 22% of total revenue in 2022.
Growing demand for hot melt adhesives owing to their unique product
characteristics such as low costs, quick drying time and versatility are
expected to drive this segment. Rising awareness regarding sustainable adhesive
consumption is expected to foster high market growth for intermittent
application devices such as adhesive controllers.
Access
Research Report of Adhesive Equipment
Market @ http://www.grandviewresearch.com/industry-analysis/adhesive-equipment-market
Further key findings from the report suggest:
· Global adhesive equipment market was valued
at USD 26.93 billion in 2014 and is expected to grow at a CAGR of 6.6% from
2015 to 2022.
· Packaging was the leading application
segment and accounted for over 30% of global revenue in 2014. Growth of
packaging industry particularly in BRICS economies is expected to drive this
segment over the forecast period. Disposable hygiene products is also expected
to witness significant gains in its market size on account of growing
incontinence and baby diapers demand across the globe.
· Asia Pacific was the leading regional
adhesive equipment market and accounted for over 40% of global demand in 2014.
Growth of key end-use industries such as packaging, construction and hygiene
products in India, China and Indonesia is expected to drive the regional
market. Asia Pacific is also expected to witness the highest growth of 7.8%
from 2015 to 2022.
· Increasing geriatric population in mature
economies of Europe and North America has had a direct impact on sales of adult
incontinence products in the region. Growth of DHP industry is expected to
drive adhesive equipment market in these regions.
· Global adhesive equipment market is
fragmented with a presence of both large multinational corporations and
domestic producers. Some key companies operating in the global market include
Henkel, Nordson Corporation, Adhesive & Equipment, Inc., Robatech, Dymax
Corporation, ITW Dynatec, 3M Company and Adhesive Dispensing Limited.
Grand View Research has segmented the global adhesive
equipment market on the basis of product, application and region:
Adhesive Equipment Product Outlook
(Revenue, USD Million, 2012 - 2022)
·
Industrial hot melt equipment
·
Adhesive controllers
·
Cold Glue Applicator
·
Pneumatic Adhesive Applicator
·
Adhesive Pumping Systems
·
Adhesive Application Guns
Adhesive Equipment Application Outlook
(Revenue, USD Million, 2012 - 2022)
·
Packaging
·
Construction
·
Lamination
·
Disposable Hygiene Products (DHP)
·
Technical Textiles
Adhesive Equipment Regional Outlook
(Revenue, USD Million, 2012 - 2022)
·
North America
·
Europe
·
Asia Pacific
·
Central & South America
·
Middle East & Africa
Access Press Release of
Adhesive Equipment Market@ https://www.grandviewresearch.com/press-release/global-adhesive-equipment-market
About
Grand View Research
Grand
View Research, Inc. is a U.S. based market research and consulting company,
registered in the State of California and headquartered in San Francisco.
The company provides syndicated research reports, customized research
reports, and consulting services. To help clients make informed business
decisions, we offer market intelligence studies ensuring relevant and fact-based
research across a range of industries, from technology to chemicals, materials
and healthcare.
For More
Information: www.grandviewresearch.com
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