Adhesive Dispensing Equipment Market Size, Share and Growth Factors Study

Adhesive Dispensing Equipment Market worth $1.95 Bn by 2031 - Exclusive Report by InsightAce Analytic Pvt. Ltd.

InsightAce Analytic Pvt. Ltd. announces the release of a market assessment report on the "Global Adhesive Dispensing Equipment Market- (By Type (Two Part Volumetric Dispensing Dual Cartridge System, Two Part Volumetric Dispensing Meter Mix, Hand Held Hot Melt Applicators, Other), By End-User (Packaging & Paper Board Packaging, Electronics, Industrial and Institutional, Construction, Others (Automotive and Medical)), Trends, Industry Competition Analysis, Revenue and Forecast To 2031."
According to the latest research by InsightAce Analytic, the Global Adhesive Dispensing Equipment Market is valued at US$ 1.46 Bn in 2022, and it is expected to reach US$ 1.95 Bn by 2031, with a CAGR of 3.4% during a forecast period of 2023-2031.
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Adhesive dispensing equipment serves the purpose of precisely regulating the application of adhesives and silicones. This category encompasses a variety of tools, ranging from hot melt glue guns and manual caulking guns to a diverse range of mixing and dispensing systems. It encompasses all devices designed for the accurate and controlled dispensing of fluids. The surge in demand for disposable hygiene products, coupled with growing considerations for safety, convenience, and hygiene, constitutes significant factors influencing the expansion of the disposable hygiene products market. The automotive sector stands out as a significant consumer of adhesive dispensing equipment. Utilizing such equipment enhances the assembly process and trims down manufacturing time.

Furthermore, it plays a pivotal role in meeting the automotive industry's imperative need to reduce product weight, which propels market expansion. The upswing in this domain can be attributed to the escalating demand for adhesives and sealants across the automotive, construction, and packaging sectors. Moreover, the proliferation of automated processes in diverse industries contributes substantially to market growth. Adhesive dispensing equipment finds extensive use in assembly lines and manufacturing facilities, tackling tasks like bonding, sealing, coating, and potting.

List of Prominent Players in the Adhesive Dispensing Equipment Market:
• Valco Melton
• Henkel Adhesives Technologies India
• Nordson Sealant Equipment
• Glue Machinery Corporation
• Hernon Equipment
• Kirkco Corporation
• Exact Dispensing Systems
• Adhesive Systems Technology Corporation
• Dymax Corporation
• Ashby Cross Company
• Dopag Group (Switzerland)
• Nordon Corporation (U.S.)

Market Dynamics:

Drivers-
The widespread adoption of automated processes across various industries greatly propels the substantial growth in the market. Adhesive dispensing equipment is crucial in assembly lines and manufacturing facilities, where it handles tasks such as bonding, sealing, coating, and potting. The rising demand from diverse end-user industries is also a key driver of this market expansion. This growth can be attributed to recent technological advancements and the increasing disposable income levels among consumers in developing and developed nations.

Challenges:
High costs associated with purchasing and installing advanced adhesive dispensing equipment can be a barrier, especially for small and medium-sized enterprises. Regular maintenance and servicing of dispensing equipment can be costly, impacting the overall operational budget. Negatively. Certain adhesive dispensing equipment may have limitations in handling a wide range of adhesive materials, restricting their applicability. Stringent environmental regulations may affect the use of certain adhesive materials and require additional compliance measures when dispensing equipment, limiting the market growth.

Regional Trends:
The North American adhesive dispensing equipment market is expected to register a major market share. The substantial investments in construction aimed at renovating and rejuvenating existing infrastructure, combined with the burgeoning automotive and consumer electronics industries, are projected to propel market growth in this region throughout the forecast period.

Besides, Asia Pacific had a considerable share of the market. This phenomenon can be linked to the swift pace of industrialization and the flourishing end-use sectors, with particular emphasis on China. Furthermore, the substantial investments in construction projects in China, coupled with an increased focus on infrastructure and building renovations, are anticipated to drive the growing demand for dispensing equipment.

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Recent Developments

• In June 2022, Henkel Singapore recently unveiled the inauguration of an enhanced adhesives application engineering laboratory situated within its Haw Par Technocentre office in Commonwealth Drive, Singapore. This state-of-the-art facility is designed to function as a centre for innovation and comprehensive technical support, catering to customers operating in the general manufacturing and maintenance sectors across Singapore and the wider South East Asia region.

• In Feb 2020, The Morrell Group has recently disclosed a collaborative alliance with DOPAG (US) Ltd. The collaboration involved the integration of DOPAG's dispensing and metering products with the engineering, integration, and distribution capabilities of Morrell Group. According to the agreement, the companies collaborated to develop tailored precision dispensing solutions that are considered leaders in the industry.
Segmentation of Adhesive Dispensing Equipment Market-
By Type-
• Two Part Volumetric Dispensing Dual Cartridge System
• Two Part Volumetric Dispensing Meter Mix
• Hand Held Hot Melt Applicators
• Other
By End-User-
• Packaging & Paper Board Packaging
• Electronics
• Industrial and Institutional
• Construction
• Others (Automotive and Medical)
By Region-
North America-
• The US
• Canada
• Mexico
Europe-
• Germany
• The UK
• France
• Italy
• Spain
• Rest of Europe
Asia-Pacific-
• China
• Japan
• India
• South Korea
• South East Asia
• Rest of Asia Pacific
Latin America-
• Brazil
• Argentina
• Rest of Latin America
Middle East & Africa-
• GCC Countries
• South Africa
• Rest of Middle East and Africa

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