REPORT HIGHLIGHT

Adhesive Equipment Market was valued at USD 28.97 billion by 2018, growing with 6.3% CAGR during the forecast period, 2019-2025

Market Dynamics

Adhesive equipment provides a better bond to various packaging. The adhesive equipment market is anticipated to rise at an exponential rate; the reason behind this is the steps taken by the government to promote the packaging sector. Also, the increasing demand for adhesive dispensing for cutting down the cost and product wastage is anticipated to boost up the growth during the study period. Also, the strict regulations from agencies like the Restriction of Chemicals (REACH) is expected to have a significant impact on the worldwide market. Moreover, the customers’ preference is also shifting towards attractive, eco-friendly, and easy to use packages, which have fueled up the demand for laminating adhesives.

Hygiene and convenience are the two significant aspects that have led to the growth of disposable hygiene products. Moreover, the increasing usage of products like sanitary pads, baby products, wipes is anticipated to give the desired push to disposable hygiene products sector. The growth of this hygiene product will have a direct positive impact on this industry, driving market growth significantly.

Product Takeaway

By product, the industry is divided into Cold Glue, Adhesive Controllers, Pneumatic Adhesive Applicator, Adhesive Pumping Systems, Applicator, Industrial Hot Melt, and Adhesive Application Guns. Among these products, Hot Melt adhesives have high demand because of their versatility, low cost, and water resistance properties. The above-mentioned properties have made this adhesive popular in various industries.

Adhesive controllers regulate flow, viscosity, and patterns, which has led to higher demand in various industrial applications. This product is anticipated to enjoy high demand in the future because of an increase in awareness of adhesive conservation. The pneumatic segment is gaining popularity in water and hot melt related applications. And this is because of their property of mixing adhesives in the proper ratio for exact material deposition.

Application Takeaway

By application, the worldwide industry is bifurcated into lamination, packaging (excluding flexible packaging), construction, technical textiles, flexible packaging, and disposable hygiene products (DHP). The packaging sector is believed to expect growth because of the increasing product demand in packaging applications like food and beverages, FMCG, pharmaceuticals, and others. Apart from packaging, the segment like DHP will also gain popularity in adult incontinence products, diapers, etc. Other industries like lamination, which utilize adhesives for sealing products, are also anticipated to take a considerable share of the market.

Regional Takeaway

Asia Pacific region is believed to lead the overall industry. Countries like China, South Korea, India have a higher demand for adhesives, and this, in turn, has fueled up the growth in this region. Rapid industrialization and expansion of end-user industries in China will also play a significant role in the acceleration of the industry. Also, the increase in the electronics and automotive sector in countries like India and China has further propelled the market.

After Asia, Europe is expected to become the second-largest consumer because of population and high demand for products like adult incontinence made using adhesives. Also, the renovation of existing buildings in the UK will propel the adhesive market during the forecast period. Other regions like CSA, North America are also anticipated to grow at a considerable rate because of increasing consumer interest in bio-based products.

Key Vendors Takeaway

The key vendors of adhesive equipment sector are ITW Dynatech, Hernon, Nordson Corporation, Dymax Corporation, Graco, Robatech, Valco Melton, DuPont, 3M, Henkel, Ashland, Glue Machinery Corporation, Adhesive & Equipment Inc., Gluefast, Adhesive Dispensing Limited, etc. New product development is one of the key strategies adopted by many companies to capture significant revenue share. For instance, in 2017 ITW Dynatech has come up with ultra-link high-performance applicator, V 6 modular control platform, and velocity metered applicator platform. This has given a chance to attendees of INDEX 17 for the use of adhesive.

The market size and forecast for each segment and sub-segments has been considered as below:

• Historical Year – 2014 & 2016
• Base Year – 2017
• Estimated Year – 2018
• Projected Year – 2025

TARGET AUDIENCE

• Traders, Distributors, and Suppliers
• Manufacturers
• Government and Regional Agencies
• Research Organizations
• Consultants
• Distributors

SCOPE OF THE REPORT

The scope of this report covers the market by its major segments, which include as follows:

KEY PLAYERS

• ITW Dynatech
• Hernon
• Nordson Corporation
• Valco Melton
• Dymax Corporation
• Graco
• Robatech
• DuPont
• 3M Company
• Henkel
• Ashland
• Glue Machinery Corporation
• Adhesive & Equipment Inc.
• Gluefast
• Adhesive Dispensing Limited

MARKET, BY PRODUCT

• Industrial Hot Melt
• Adhesive Controllers
• Cold Glue Applicator
• Pneumatic Adhesive Applicator
• Adhesive Pumping Systems
• Adhesive Application Guns

MARKET, BY APPLICATION

• Flexible Packaging
• Packaging (excluding Flexible Packaging)
• Construction
• Lamination
• Disposable Hygiene Products (DHP)
• Technical Textiles

MARKET, BY REGION

• North America
  • U.S.
  • Canada
• Europe
  • Germany
  • France
  • Italy
  • Spain
  • United Kingdom
  • Rest of Europe
• Asia Pacific
  • India
  • China
  • South Korea
  • Japan
  • Singapore
  • Rest of APAC
• Latin America
  • Brazil
  • Mexico
  • Argentina
  • Rest of LATAM
• Middle East and Africa
  • Saudi Arabia
  • United Arab Emirates
  • Rest of MEA