PUBLISHER: IMARC | PRODUCT CODE: 1379136
PUBLISHER: IMARC | PRODUCT CODE: 1379136
The global adhesive equipment market size reached US$ 33.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.2% during 2022-2028.
Adhesive equipment refers to tools and gears that aid in bonding dissimilar objects. It comprises adhesive controllers, industrial hot melts, adhesive pumping systems, and adhesive application guns. It reduces stress concentration at screw and rivet points, improves production efficiency, and minimizes vibration, fatigue, and noises. As a result, it finds extensive application in the packaging, construction, and textile industries across the globe.
A significant rise in the demand for disposable hygiene products (DHP) due to safety concerns and increased convenience represents one of the major factors strengthening the growth of the market. Adhesive equipment is widely utilized in the manufacturing of DHP to offer better quality products at a faster and relatively lower cost. Besides this, on account of the need for fast and safe bonding of the materials, cost-saving production, and compatibility with the existing production lines, there is a rise in the demand for adhesive equipment in the packaging industry around the world. Moreover, increasing utilization in the food and beverages, electronics, pharmaceuticals, fast-moving consumer goods (FMCG) for numerous purposes is acting as another growth-inducing factor. Furthermore, the leading players are focusing on introducing innovative and sustainable equipment, such as bio-based hot melt adhesives, which rely on fossil fuel-based components. These adhesives offer excellent performance, easy conversion, and temperature resistance. These innovations are strengthening the growth of the market. Some of the other factors, such as increasing industrialization, favorable government initiatives undertaken in various countries to support the packaging sector, rising construction spending to refurbish and renovate existing infrastructure, and the thriving automotive and consumer electronics industries, are anticipated to propel the growth of the market.
IMARC Group provides an analysis of the key trends in each sub-segment of the global adhesive equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application and distribution channel.
Industrial Hot Melt
Adhesive Controllers
Cold Glue Applicators
Pneumatic Adhesive Applicators
Adhesive Pumping Systems
Adhesive Application Guns
Others
Packaging
Construction
Lamination
Disposable Hygiene Products (DHP)
Technical Textiles
Others
Supermarket and Hypermarket
Retail Stores
Online Stores
Others
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Adhesive & Equipment Inc., Atlas Copco, Dymax Corporation, Glue Machinery Corporation, Graco Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, ITW Dynatec, Nordson Corporation, Robatech AG and Valco Cincinnati Inc.