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Strategies Major Players are Adopting in Fluid Dispensing Equipment Market

Growing demand for accurate and efficient systems for dispensing fluids as an alternative to manpower engagement in these processes to be a key driving factor for the industry growth. The Global Fluid Dispensing Equipment Market is expected to reach USD 10.29 billion by 2024, according to a new report by Grand View Research, Inc.
 

The industry is characterized by the advent of automation technologies in various stage of production processes. The technology’s greater scope across automotive, electrical & electronics, and medical devices manufacturing has enabled higher sales of fluid dispensing equipment in these industries.

However, with evolving construction practices and increased usage of automated machinery for masonry, prefabrication and precast processes is expected to provide growth opportunities for industry participants. The global market value in construction application was over USD 640 million in 2015.

Adhesives & sealants are widely used across manufacturing stages to provide bonding between two materials, i.e., components, parts or overlays. Adhesives demand precision, accuracy, and consistency while being applied to surfaces. Favorable capital spending by these end-users for procuring equipment and related systems will be a huge contributor towards Asia Pacific growth. Another significant force favoring the region’s growth is increasing automotive production and investments from western OEMs in the region.

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Adhesive dispensing equipment revenue is expected to reach USD 3.40 billion by 2024, primarily to be driven by high demand for their formulations across electronics, automotive, construction, medical devices production.

Top Players of Fluid Dispensing Equipment Market:

Nordson was the leading fluid dispensing equipment manufacturer with approximately 22% of the market share in 2015. Other companies with a global operational presence include Protec, Henkel (Loctite), Speedline Technologies, ITW Dynatec, Dymax, Sulzer, IVEK Corp., and Henline Adhesive Equipment Corp.

Market Segmentation of Fluid Dispensing Equipment Market:

The Fluid Dispensing Equipment Market segmented on the basis Product, Application and Region.

By Equipment:

    Flux
    Lubricant
    Solder Paste
    Adhesives & Sealants
        Epoxy Adhesives
        Epoxy Underfill
    Conformal Coatings

By Application:

    Electrical & Electronics Assembly
        Semiconductor Packaging
        Printed Circuit Boards
        Others
    Medical Devices
    Automotive
    Construction

By Region:

    North America
    Europe
    Asia Pacific
    Central & South America
    Middle East & Africa

Inquire about Fluid Dispensing Equipment Market with Our Experts @ https://www.grandviewresearch.com/inquiry/3220
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