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Adhesive Dispensing Equipment Market Report Latest Trends and Future Opportunities Analysis
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 is engineered to provide precise control over the application of adhesives and silicones. This category includes a wide array of devices such as hot melt glue guns, manual caulking guns, and various mixing and dispensing systems, all designed to ensure accurate and controlled fluid dispensing. The increasing demand for disposable hygiene products, along with a heightened focus on safety, convenience, and hygiene, are key factors driving growth in the disposable hygiene products market.
The automotive industry is one of the primary users of adhesive dispensing equipment, where these devices enhance assembly processes and reduce manufacturing time. Additionally, they play a crucial role in addressing the industry's need to reduce product weight, further supporting the market's growth. The increasing need for adhesives and sealants in the automotive, construction, and packaging sectors is further accelerating the demand for adhesive dispensing equipment. Moreover, the widespread implementation of automation in various industries is driving the adoption of these devices. Adhesive dispensing equipment is commonly used in manufacturing settings for tasks such as 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 implementation of automated processes across industries plays a significant role in the strong growth of the adhesive dispensing equipment market. These devices are crucial in manufacturing environments, performing essential tasks such as bonding, sealing, coating, and potting on assembly lines. The rising demand across diverse end-user industries is a key factor driving market expansion. Additionally, recent technological advancements and increased disposable income in both developing and developed countries are further fueling market growth.
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Challenges:
One of the primary challenges faced by the market is the high initial investment required for advanced adhesive dispensing equipment, particularly for small and medium-sized businesses. The ongoing maintenance and servicing costs of these systems also present financial challenges, impacting the overall operational budget. Furthermore, some adhesive dispensing systems may be limited in their ability to handle a wide range of adhesive materials, reducing their versatility.
Regional Trends:
North America is expected to dominate the adhesive dispensing equipment market, driven by substantial investments in the construction sector, particularly in infrastructure renovation and revitalization, as well as the expanding automotive and consumer electronics industries.
The Asia Pacific region also holds a significant share of the market, largely due to rapid industrialization and the growth of key industries, especially in China. The region's strong investment in large-scale construction projects, coupled with a growing focus on infrastructure development and building renovations, is anticipated to further boost the demand for adhesive dispensing equipment.
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.
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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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InsightAce Analytic is a market research and consulting firm that enables clients to make strategic decisions. Our qualitative and quantitative market intelligence solutions inform the need for market and competitive intelligence to expand businesses. We help clients gain a competitive advantage by identifying untapped markets, exploring new and competing technologies, segmenting potential markets, and repositioning products. Our expertise is in providing syndicated and custom market intelligence reports with an in-depth analysis with key market insights in a timely and cost-effective manner.https://www.insightaceanalytic.com/images_data/148861653.JPG
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