A recent report published by
Infinium Global Research on the adhesives equipment market provides in-depth
analysis of segments and sub-segments in the global as well as regional
adhesives equipment market. The study also highlights the impact of drivers,
restraints, and macro indicators on the global and regional adhesives equipment
market over the short term as well as the long term. The report is a comprehensive
presentation of trends, forecast and dollar values of the global adhesives
equipment market. According to the report, the global adhesives equipment
market is projected to grow at a CAGR of about 6% over the forecast period of
2022-2028.
The global adhesives equipment market was valued at around USD 40 billion in 2022 and is expected to
reach nearly USD 60 billion in 2028, with a CAGR of nearly about 6% during the
forecast period. Adhesive equipment is the
gears and tools that are utilized in connecting dissimilar substances. It
includes industrial hot melts, adhesive application guns, adhesive controllers,
and adhesive pumping systems. The Adhesives Equipment is widely used to reduce
stress at rivets and screw points. Furthermore, it minimizes vibration and
enhances production efficiency, noise, and fatigue. Moreover, increasing
application in the textile, packaging, and construction industries across the
world will increase the demand for the equipment. Additionally, features such
as simple conversion, temperature resistance, and excellent performance will
increase the utilization of the equipment in various end-user industries. These
advanced developments are supporting the expansion of the market.
A substantial increase in the
demand for disposable hygiene products because of the raised convenience and
safety concerns is the major driving factor supporting the market growth during
the forecast period. Adhesive equipment is highly used in the manufacturing of
disposable hygiene products to provide high-quality products at a lower cost
and fast production rate. Moreover, the demand for adhesive equipment is
rapidly increasing in the packaging sector around the globe because of the
low-cost production, compatibility with the existing production lines, and
rising need for safe and fast bonding of the materials. The growing application
in pharmaceuticals, fast-moving consumer goods, electronics, and food and
beverages, for several uses, is further influencing the growth of the market.
The enhanced focus on launching new sustainable, advanced, and innovative equipment,
like bio-based adhesives, that are totally dependent on fossil fuel-based
constituents is expected to drive the demand. Furthermore, supportive
government initiatives and rapidly increasing industrialization in developing
countries are expected to offer growth opportunities for the market. However,
environmental concerns and the rapidly increasing cost of raw material is
expected to hamper the growth of the market. The increasing price of the raw
material will relatively increase the cost of the end product and will decrease
the demand for the products in the market which will restrain the growth.
The effect of COVID-19 has been
unparalleled effects, which negatively affected the expansion of the market
during the forecast period. The world adhesive equipment market has shown
slight declination because of the COVID-19 pandemic, as several leading
manufacturing industries were closed. Several countries have restricted
production activities during the covid-19 pandemic. Further, the expansion of
textile & apparel also declined because of low demand within the half-moon
of the pandemic. However, the expansion of the market wasn't considered an
important element because of this the assembly facilities were totally stopped
in the world which hampered the expansion during the pandemic period.
Based on the region, the worldwide
adhesives equipment market is segmented into the Asia Pacific, North America,
Europe, and also the Middle East & Africa. North America also holds a
significant share in the adhesives equipment market. As per The American
Society of Civil Engineers estimates, approximately $3.5 trillion investment
will be needed through 2025 to highways, fund airports, and other
infrastructure in the U.S. As per the Office for National Statistics, construction
production in Great Britain increased by a record of 23.5 percent in June 2020,
expressively higher than the previous record growth of 7.6 percent in May 2020.
This will enhance the European region's growth during the forecast period.
Furthermore, the Asia Pacific region is expected to dominate the growth of the
market. Growth in the Retail shops, E-Commerce sector, technological
advancements, and growth in construction sectors are set to drive the
Adhesive Equipment Market here.
The report on the global adhesives
equipment market covers segments such as product type, and application. On the
basis of product type, the sub-markets include adhesive application guns,
adhesive pumping systems, adhesive controllers, cold glue applicators,
industrial hot melt, and pneumatic adhesive applicators. On the basis of
application, the sub-markets include building & construction, disposable
hygiene products, lamination, paper & packaging, transportation,
woodworking, and others.
The report provides profiles of
the companies in the market such as 3M Company, Valco Melton, Graco Inc,
Henkel, Dymax Corporation, ITW Dynatec, Adhesive Dispensing Limited, Nordson
Corporation, Robatech, and Ashland Inc.
The report provides deep insights
into demand forecasts, market trends, and micro and macro indicators. In
addition, this report provides insights into the factors that are driving and
restraining the growth in this market. Moreover, The IGR-Growth Matrix analysis
given in the report brings insight into the investment areas that existing
or new market players can consider. The report provides insights into the
market using analytical tools such as Porter's five forces analysis and DRO
analysis of the adhesives equipment market. Moreover, the study highlights current
market trends and provides forecast from 2022-2028. We also have highlighted
future trends in the market that will affect the demand during the forecast
period. Moreover, the competitive analysis given in each regional market brings insight into the market share of the leading players.
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