Global Adhesive Equipment Market By Product (Industrial Hot Melt, Adhesive Controllers, Cold Glue Applicators, Pneumatic Adhesive Applicators, Adhesive Pumping Systems, Adhesive Application Guns), Application (Packaging, Construction, Lamination, Disposable Hygiene Products, Technical Textiles), Industry Vertical (Furniture and Woodworking, Packaging, Textiles, Automotive, Building & Construction, Paper, Healthcare, Electronics, Leather & Footwear, Others), Geography (North America, Europe, Asia-Pacific, South America, Middle East and Africa) – Industry Trends and Forecast to 2026
Market Analysis: Global Adhesive Equipment Market
Global adhesive equipment market is set to witness a substantial CAGR of 6.42% in the forecast period of 2019- 2026. The report contains data of the base year 2018 and historic year 2017. Increasing R&D investment and rising application of adhesive equipment are the factor for the market growth.
Market Definition: Global Adhesive Equipment Market
Adhesives are a non- metallic material which has the ability to combine two substrates by using two different two substrates such as cohesive mechanism and adhesion mechanism. They have the ability to stick the things together. Different adhesives equipment are adhesive controllers, cold glue applications, industrial hot melts, adhesive pumping systems, adhesive application guns and other. They are widely used in application such as packaging, lamination, technical textile, construction and other.
- Increasing demand for disposable hygiene goods will drive the market growth
- Growing demand from packaging industry will also accelerate the market growth
- Favourable government initiatives to promote packaging sector will also contribute as a factor for the market growth
- Increasing industrialization will also boost the growth of this market
- Rising disposable income acts as driver for this market growth
- Changing customer requirements & specifications of equipment will hamper the market growth
- High R&D cost will also hinder the market growth in the forecast period
Segmentation: Global Adhesive Equipment Market
- Industrial Hot Melt
- Adhesive Controllers
- Cold Glue Applicators
- Pneumatic Adhesive Applicators
- Adhesive Pumping Systems
- Adhesive Application Guns
- Disposable Hygiene Products
- Technical Textiles
By Industry Vertical
- Furniture and Woodworking
- Building & Construction
- Leather & Footwear
- North America
- Rest of Europe
- South Korea
- Rest of Asia-Pacific
- South America
- Rest of South America
- Middle East and Africa
- Saudi Arabia
- South Africa
- Rest of Middle East and Africa
Key Developments in the Market:
- In May 2019, Henkel Adhesives Technologies India Pvt Ltd announced the launch of their new LOCTITE equipment centre which is specially designed to provide customers better dispensing solutions and automation technologies which will include light curing system, functional coating system and dispensing system. Henkel also encourages manufacturers to bring in their hardest-to-bond parts and a custom adhesive / equipment solution will be developed by the firm
- In June 2016, Atlas Copco announced the acquisition of Bondtech. This acquisition will help the company to provide adhesives and sealant dispensing equipment to the automotive manufacturer. The acquired company will become part of Atlas Copco's Industrial Technology business area of the Industrial Assembly Solutions group
Global adhesive equipment market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of adhesive equipment market for Global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Key Market Competitors:
Few of the major competitors currently working in the global adhesive equipment market are 3M; Henkel AG & Co. KGaA; Huntsman International LLC; Avery Dennison Corporation; Sika AG; RPM International Inc.; Ashland.; Graco Inc; Nordson Corporation; Atlas Copco AB; SUPERGLUE CORPORATION.; Adhesives Research, Inc; Dymax Corporation; Hernon Manufacturing, INC; ITW DYNATEC; Adhesive Packaging, LLC.; Valco Melton.; HAECO; H.B. Fuller Company.; Ashland; among others.
Research Methodology: Global Adhesive Equipment Market
Data collection and base year analysis is done using data collection modules with large sample sizes. The market data is analysed and forecasted using market statistical and coherent models. Also market share analysis and key trend analysis are the major success factors in the market report. To know more please request an analyst call or can drop down your enquiry.
The key research methodology used by DBMR research team is data triangulation which involves data mining, analysis of the impact of data variables on the market, and primary (industry expert) validation. Apart from this, other data models include Vendor Positioning Grid, Market Time Line Analysis, Market Overview and Guide, Company Positioning Grid, Company Market Share Analysis, Standards of Measurement, Top to Bottom Analysis and Vendor Share Analysis. To know more about the research methodology, drop in an inquiry to speak to our industry experts.
Key Insights in the report:
- Complete and distinct analysis of the market drivers and restraints
- Key market players involved in this industry
- Detailed analysis of the market segmentation
- Competitive analysis of the key players involved