Adhesive Dispensing Equipment Market to Grow Exponentially by 2029- Brandessence Market Research
LONDON, Sept. 1, 2023 /PRNewswire/ -- Adhesive dispensing equipment encompasses of end number of devices and tools that are used to precisely apply adhesives or sealants to different surfaces or products. These equipment are adopted across numerous industrial and manufacturing applications. They are typically designed to ensure accurate and controlled dispensing of adhesives, thereby facilitating efficient production processes and reliable bonding. Dispensing guns, dispensing robots, metering systems, and dispensing valves, among others are some of the most popular used adhesive dispensing equipment.
The business intelligence report on Adhesive Dispensing Equipment Market sheds light on the top factors shaping the overall dynamics of this industry. It is curated with an aim to assist industry stakeholders, including manufacturers, suppliers, distributors, investors, and consultants in making informed business decisions. It offers in depth insights into the market size, revenue forecasts, market share, and growth rates. Apart from that, the key segments, geographical landscape, and competitive terrain are also thoroughly assessed in this report.
Key Takeaways
- Adhesive Dispensing Equipment Market is expected to amplify with a CAGR of 7.3% over 2022-2029.
- Widespread industrialization, rise in construction activities, and escalating demand for flexible packaging solutions are aiding market expansion.
- MEA is projected to capture a substantial revenue share owing to the increased construction activities, surging R&D activities in the field, and widespread economic developments.
Adhesive Dispensing Equipment Market was valued at USD 7792.5 Million in 2021 and is expected to reach USD 12760.8 Million by 2028, registering a CAGR of 7.3% over 2022-2029.
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Elaborating the Key Trends and Dynamics of Adhesive Dispensing Equipment Market
Widespread industrialization, rise in construction activities, and escalating demand for flexible packaging solutions are the prime factors aiding the expansion of business vertical. Alongside, influx of advanced technologies in this sector, surging R&D activities in the field, coupled with prompt urbanization are creating lucrative opportunities for this marketplace to prosper. Moreover, shifting inclination towards lightweight materials in automotive manufacturing is bolstering the demand for adhesive bonding and dispensing equipment.
Major Growth Drivers
Surge in construction activities- With rapid urbanization and industrialization, there is an accelerating demand for various infrastructure. To accommodate the residential and commercial needs of the masses, buildings are being constructed at a prompt pace. There is also a significant increase in the number of government-based projects focused on the construction of roads, bridges, and other public infrastructure. Adhesive dispensing equipment is essential for various construction applications, including bonding of building materials, installation of flooring and tiles, and sealing joints. This in turn is stimulating the overall dynamics of this market space.
Growing adoption of two-component adhesives: Two-component adhesives, which require precise mixing and dispensing of two different components, offer superior bonding performance and versatility. The increasing adoption of these adhesives in various industries, such as automotive, aerospace, and electronics, is driving the need for advanced dispensing equipment capable of accurately proportioning and dispensing the components.
Challenges
Environmental issues- Adhesive dispensing processes often involve the use of chemicals and materials that may have environmental and regulatory implications. Adhesive waste, emissions, and proper disposal of used containers or equipment components need to comply with environmental regulations. Meeting safety standards, handling hazardous materials, and adhering to workplace health and safety protocols add complexity to the adhesive dispensing process. This in turn is hindering the remuneration scope of this market space.
Competitive Landscape of Adhesive Dispensing Equipment Market
The prominent players defining the competitive terrain of this business vertical are Ashby Cross Company, Valco Melton, Nordson Sealant Equipment, Henkel Adhesives Technologies India, Glue Machinery Corporation, Kirkco Corporation, EXACT DISPENSING SYSTEMS, Adhesive Systems Technology Corporation, Hernon Equipment, and Dymax Corporation.
Segmental Assessment
By product, the programmable microprocessor segment is slated to amass notable gains over 2022-2029. This is due to the their high precession, accuracy, and flexibility.
Based on end-user, the construction segment is likely to generate significant returns over the stipulated timeline. This is attributable to the escalating demand for public and private infrastructure across the globe.
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Geographical Analysis and Landscape
Middle East & Africa Adhesive Dispensing Equipment Market
MEA is projected to capture a substantial revenue share over the estimated timeframe. This is ascribed to the increased construction activities, surging R&D activities in the field, and widespread economic developments. Alongside, escalating demand for environmental friendly dispensing equipment and the booming automotive sector are propelling the growth of this regional industry.
Europe is poised to amplify with the fastest CAGR over the estimated timeframe. This is credited to the rapid population expansion, widespread technological advancements, and presence of prominent players. Besides, growing product adoption in the healthcare sector and increased number of government-based construction activities are aiding the expansion of this market.
Opportunities in This Industry
Accelerating demand for flexible packaging- Flexible packaging solutions are in high demand because of their convenience, cost-effectiveness, and sustainability benefits. Adhesive dispensing equipment plays a significant role in securely sealing flexible packaging materials such as pouches and sachets. This in turn is creating an upward trend in this industry.
Major developments in Adhesive Dispensing Equipment Market
In 2021, Graco Inc. announced the acquisition of Alphamin SAS, a metering, mixing, and dispensing equipment manufacturer.
Porter's Five Forces Analysis
Threat of New Entrants: The threat of new entrants to the adhesive dispensing equipment market is moderate. While there may be barriers to entry due to the need for specialized manufacturing capabilities, technological expertise, and established distribution networks, the relatively low capital requirements and ease of access to technology can attract new players. However, established companies with strong brand recognition, customer loyalty, and economies of scale can deter new entrants.
Bargaining Power of Buyers: The bargaining power of buyers in the adhesive dispensing equipment market is moderate to high. Buyers, such as manufacturers and contractors, have the ability to compare and switch between different suppliers based on factors like price, quality, and after-sales service. The presence of numerous suppliers and the availability of substitute solutions can give buyers more bargaining power. However, the importance of reliable and high-quality dispensing equipment can mitigate the bargaining power to some extent.
Bargaining Power of Suppliers: The bargaining power of suppliers in the adhesive dispensing equipment market is moderate. Suppliers of key components or raw materials used in manufacturing adhesive dispensing equipment can exert some influence, particularly if they have unique or proprietary technologies. However, the market typically has multiple suppliers, offering a variety of options for manufacturers. Additionally, manufacturers can develop strategic partnerships with suppliers or invest in backward integration to mitigate supplier power.
Threat of Substitutes: The threat of substitutes in the adhesive dispensing equipment market is relatively low. While alternative bonding methods like mechanical fastening or welding exist, adhesive bonding offers advantages such as lightweight assembly, stress distribution, and improved aesthetics. Adhesive dispensing equipment plays a crucial role in ensuring accurate and efficient adhesive application, making it challenging for substitutes to completely replace the need for such equipment.
Competitive Rivalry: The competitive rivalry in the adhesive dispensing equipment market is high. The market consists of several established players, both large multinational corporations and smaller specialized manufacturers. Intense competition is driven by factors such as product differentiation, technological advancements, pricing strategies, and customer service. Manufacturers often focus on innovation, expanding product portfolios, and building strong customer relationships to gain a competitive edge.
On Special Requirement Adhesive Dispensing Equipment Market Report is also available for below region:
- U.S, Canada
- Germany, France, U.K., Italy, Spain, Sweden, Netherlands, Turkey, Switzerland, Belgium, Rest of Europe
- South Korea, Japan, China, India, Australia, Philippines, Singapore, Malaysia, Thailand, Indonesia, Rest Of APAC
- Mexico, Colombia, Brazil, Argentina, Peru, Rest of Latin America
- Saudi Arabia, UAE, Egypt, South Africa, Rest Of MEA
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