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.
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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.
- The packaging was the leading application segment and accounted for over 30% of global revenue in 2014. Growth of the 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. The growth of DHP industry is expected to drive the adhesive equipment market in these regions.
- Global adhesive equipment market is fragmented with the 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.
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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
- The U.S.
- Europe
- Germany
- The U.K.
- Asia PacificCentral & South America
- China
- India
- Middle East & Africa
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.
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