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Adhesive Equipment Market - Key Players, Growth Rate and Forecasts to 2022

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. 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.
 

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.

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.

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.

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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.

Top Players of Adhesive Equipment Market:

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.

Market Segmentation of Adhesive Equipment Market:

The Global Adhesive Equipment Market segmented on the basis of Product, Application and Region.

By Product:

    Industrial hot melt equipment
    Adhesive controllers
    Cold Glue Applicator
    Pneumatic Adhesive Applicator
    Adhesive Pumping Systems
    Adhesive Application Guns

By Application:

    Packaging
    Construction
    Lamination
    Disposable Hygiene Products (DHP)
    Technical Textiles

By Region:

    North America
    Europe
    Asia PacificCentral & South America
    Middle East & Africa

Inquire about Adhesive Equipment Market with Our Experts @ https://www.grandviewresearch.com/inquiry/1463
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