PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555786
PUBLISHER: AnalystView Market Insights | PRODUCT CODE: 1555786
Adhesives Equipment Market by Product, Application, Country, and Region: Industry Analysis, Market Size, Market Share, and Forecast from 2024 to 2032
REPORT HIGHLIGHT
The Adhesives Equipment Market was estimated at USD 34,518.2 million in 2023, growing at a CAGR of 6.00% between 2024 and 2032.
The Adhesives Equipment Market refers to that part of the industry that deals in the manufacture and sale of machinery and ancillary equipment for various adhesive applications. It includes adhesive dispensers, mixers, curing machines, and automated application systems, among others. These tools are indispensable in certain industries, such as packaging, construction, automotive, and electronics, where adhesives play an important role in sticking materials together. These factors include technological development, an increase in demand for automation, and the rising need for worthy adhesive solutions that are effective and sustainable.
Adhesives Equipment Market- Market Dynamics
Increasing demand in several industries
The adhesive equipment market is expanding rapidly due to rising demand across a wide range of sectors. Adhesives are increasingly being used as versatile and effective bonding solutions in industries such as automotive, packaging, construction, electronics, health care, and aerospace. Furthermore, the demand for lightweight and strong bonding materials, which are required for current manufacturing processes, is driving market expansion. Adhesives also improve product durability, minimize vibration, and enhance aesthetics. Adhesives are becoming increasingly popular as companies seek cost-effective and environmentally friendly alternatives to traditional mechanical fasteners. This extensive usage across several sectors is a significant driver of the adhesive equipment market, propelling its growth and innovation as it constantly adapts to meet changing industry demands.
Adhesives Equipment Market- Key Insights
Our research analyst estimates that the global market will develop at a CAGR of approximately 6.00% from 2024-2032.
The industrial hot melt Product segment leads the Adhesives Equipment Market.
According to application segmentation, the packaging application category has a substantial revenue share.
On the basis of region, North America was the leading revenue generator in 2023
Adhesives Equipment Market- Segmentation Analysis:
The Global Adhesives Equipment Market is divided into three segments: Product, application, and region.
The market is segmented into seven segments based on products: Pneumatic Adhesive Applicators, Cold Glue Applicators, Adhesive Pumping Systems, Adhesive Controllers, Adhesive Application Guns, Industrial Hot Melt, and Others. The industrial hot melt segment dominated the market in 2023, owing to the rising need for efficient and adaptable bonding solutions across a wide range of sectors. This equipment is widely used in industries like as packaging, construction, and textiles because of its capacity to deliver fast, dependable, and cost-effective bonding. The driving drivers include the requirement for quick assembly processes in manufacturing, the versatility of hot melt adhesives for bonding different substrates, and the industry's emphasis on sustainability, as hot melt adhesives frequently reduce the need for solvents.
The market is segmented into six segments according on application: Lamination, Disposable Hygiene Products (DHP), Construction, Technical Textiles, Packaging, and Others. The packaging application category has a significant revenue share. Consumption of packaging and nonwoven goods is increasing, which is a primary driver of equipment market expansion. The strong demand for HMA in the building and packaging industries is one of the primary drivers of growth. Furthermore, the use of HMA for endpoint repair in the automotive industry, as well as increased demand for HMA in pressure-sensitive industries, are expected to boost the equipment market ahead.
Adhesives Equipment Market- Competitive Landscape:
Recent Developments:
SCOPE OF THE REPORT
The scope of this report covers the market by its major segments, which include as follows:
GLOBAL ADHESIVES EQUIPMENT MARKET KEY PLAYERS- DETAILED COMPETITIVE INSIGHTS
GLOBAL ADHESIVES EQUIPMENT MARKET, BY PRODUCT- MARKET ANALYSIS, 2019 - 2032
GLOBAL ADHESIVES EQUIPMENT MARKET, BY APPLICATION- MARKET ANALYSIS, 2019 - 2032
GLOBAL ADHESIVES EQUIPMENT MARKET, BY REGION- MARKET ANALYSIS, 2019 - 2032
Table of Contents
1. Adhesives Equipment Market Overview
- 1.1. Study Scope
- 1.2. Market Estimation Years
2. Executive Summary
- 2.1. Market Snippet
- 2.1.1. Adhesives Equipment Market Snippet by Product
- 2.1.2. Adhesives Equipment Market Snippet by Application
- 2.1.3. Adhesives Equipment Market Snippet by Country
- 2.1.4. Adhesives Equipment Market Snippet by Region
- 2.2. Competitive Insights
3. Adhesives Equipment Key Market Trends
4. Adhesives Equipment Industry Study
5. Adhesives Equipment Market: COVID-19 Impact Analysis
6. Adhesives Equipment Market Landscape
7. Adhesives Equipment Market - By Product
8. Adhesives Equipment Market - By Application
9. Adhesives Equipment Market- By Geography
10. Key Vendor Analysis- Adhesives Equipment Industry
11. 360 Degree Analyst View
12. Appendix
