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Adhesives Equipment Market (Product Type - Adhesive Application Guns, Adhesive Pumping Systems, Adhesive Controllers, Cold Glue Applicators, Industrial Hot Melt, and Pneumatic Adhesive Applicators; Application - Building & Construction, Disposable Hygiene Products, Lamination, Paper & Packaging, Transportation, Woodworking, and Others): Global Industry Analysis, Trends, Size, Share and Forecasts to 2028

  • Published : July, 2022

  • Rep Id : CM0161

  • Category : Chemicals & Materials

  • Status : Published

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 long term. The report is a comprehensive presentation of trends, forecast and dollar values of 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.

 

Market Insight

The Global Adhesives Equipment Market was valued at around USD over 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, noises, 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 the construction sectors are set to drive the Adhesive Equipment Market here.

 

Segment Covered

The report on 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.

 

Companies Profiled:

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.

 

Report Highlights:

The report provides deep insights into the 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 an 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 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 an insight into the market share of the leading players.


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