Press release
Adhesive Equipment Market Size Share Trends & Report 2023-30
Adhesive Equipment Market- DataM Intelligence
During the projected period (2023-2030), the global adhesive equipment market is anticipated to expand at a CAGR of 4.9%.
Adhesives are compounds made by mixing two or more liquid or semi-liquid components that are permanently adhered to surfaces with the aid of specific machinery. The process of forming an adhesive involves a number of steps, including bonding, dispensing, melting, and removing. Thus, many types of adhesive equipment are utilized to carry out such activities. A robotic electric gun, adhesive controllers, a two-part volumetric dispensing meter mix, industrial hot melt equipment, and a cold glue applicator are among the pieces of machinery.
In end-user sectors such industrial machinery, transportation & packing, automotive, medical, consumer electronics, construction, crockery & glassware, consumer goods & appliances, and consumer goods, adhesive equipment is extensively employed.
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Adhesive Equipment Market Dynamics:
The growing need for adhesives by emerging end-use sectors including construction, automotive, textile, footwear, and electronics around the world is what is driving the worldwide adhesive equipment market. Rising packaging industry demand, followed by government initiatives for industrial machinery and many other manufacturing industries, are the main drivers of the future market.
Consumption of adhesives has increased globally in a variety of industries, including construction, automotive, textiles, footwear, and electronics.
The market is being propelled by an increase in demand from end-user sectors like construction, automotive, textiles, footwear, and electronics, along with an increase in online purchasing on e-commerce websites all over the world. For joining materials together, adhesive equipment such applicators, thermal paste dispensers, glue containers, and automatic adhesive guns is extensively utilized in the textile sector.
Global Adhesive Equipment Market Geographical Share:
The greatest market share in the world's adhesive equipment market is held by the Asia-Pacific region.
Due to the presence of manufacturing firms, expanding industrialization, and rising population demand for adhesive equipment by the manufacturing industries of textile, apparel, and automotive in this region, Asia-Pacific is leading the global market for adhesive equipment in 2019, followed by North America and Europe. The Asia-Pacific region accounted for the largest share in the textile and clothing industries in 2017, according to the International Institute for Sustainable Development Organization, accounting for 61% and 37.1% of the world market, respectively. Similar to Asia, North America is expanding at the highest rate due to the existence of top manufacturing firms and manufacturers of high-tech adhesive equipment.
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