Market Size of Adhesive Equipment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Adhesive Equipment Market Analysis
The Adhesive Equipment Market is expected to register a CAGR of approximately 5% during the forecast period (2020 - 2025). The growth of the market is significantly driven by the increase in demand for disposable hygiene products (DHP). Concerns for safety, convenience, and hygiene are recognized as prime factors affecting the growth of the disposable hygiene products market.
- The adhesive dispensing equipment suppliers act as key partners in helping disposable hygiene manufacturers produce higher quality products faster, more efficiently, and at a lower cost. Furthermore, rising consumption of products, such as sanitary pads, wipes, baby products, and others across the world, is anticipated to drive demand for disposable hygiene products market in the near future.
- Moreover, from the end-user perspective, the packaging industry is expected to account for the largest market share of the market, especially for hot melt adhesives and water-based adhesives. This growth is driven by consumer preferences shifting toward new attractive packages, ease of use, sustainability, and conscientious environmental ideals.
- Various companies are expanding their solutions for several end-user industries to enhance their market presence. For instance, in June 2019, Henkel expanded its adhesive solutions portfolio with the launch of an adhesive solution called Loctite Liofol LA 2798 for high-performance packaging applications. The base component of Loctite Liofol LA 2798 can be combined with different hardeners for sterilization processes, aggressive filling goods, and hot filling processes. Hence, the above trends are indicative of the fact that the adoption of adhesive equipment is expected to grow during the forecast period.
Adhesive Equipment Industry Segmentation
The market study comprises the analysis of uses and adoption of various equipment types, such as Adhesive Pattern Controllers, Adhesive Pump Systems, Applicators, Application Guns, Adhesive Hoses, and Adhesive Melters, amongst others, used for dispensing adhesives for various applications across varied end-user industries. The market study also provides a brief understanding of the application of these equipment in different regions.
By Equipment Type | |||||
Adhesive Pattern Controllers | |||||
Adhesive Pump Systems | |||||
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Application Guns | |||||
Adhesive Hoses | |||||
Adhesive Melters |
By End-user Industry | |
Building and Construction | |
Automotive | |
Furniture and Woodworking | |
Textiles | |
Electronics | |
Packaging | |
Healthcare | |
Other End-user Industries |
By Geography | |||||||
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Latin America | |||||||
Middle-East & Africa |
Adhesive Equipment Market Size Summary
The adhesive equipment market is poised for significant growth, driven by the increasing demand for disposable hygiene products and the expanding packaging industry. The need for safety, convenience, and hygiene is propelling the market, with adhesive dispensing equipment playing a crucial role in enhancing the efficiency and cost-effectiveness of product manufacturing. The packaging sector, particularly for hot melt and water-based adhesives, is expected to dominate the market due to shifting consumer preferences towards sustainable and user-friendly packaging solutions. Companies are actively expanding their adhesive solutions to cater to various end-user industries, with notable developments such as Henkel's introduction of Loctite Liofol LA 2798 for high-performance packaging applications. This trend underscores the growing adoption of adhesive equipment, which is anticipated to continue its upward trajectory.
In the building and construction industry, the adoption of adhesive equipment is expected to rise, driven by urbanization and the demand for sustainable building solutions. Adhesives offer advantages over traditional mechanical methods, providing durability and resilience against environmental strains. The use of materials like wood in modern architectural designs further boosts the demand for adhesives. Companies are innovating to enhance their market presence, as seen with DAP's reformulation of its DynaGrip Heavy Duty construction adhesive. The Asia-Pacific region is projected to lead the market, fueled by the robust growth of the packaging, construction, automotive, and consumer electronics industries in countries like China and India. Global companies are expanding their operations in this region, with strategic collaborations and product developments being key strategies to strengthen market positions.
Adhesive Equipment Market Size - Table of Contents
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1. MARKET INSIGHTS
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1.1 Market Overview
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1.2 Industry Value Chain Analysis
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1.3 Industry Attractiveness - Porter's Five Forces Analysis
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1.3.1 Bargaining Power of Suppliers
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1.3.2 Bargaining Power of Consumers
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1.3.3 Threat of New Entrants
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1.3.4 Threat of Substitute Products and Services
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1.3.5 Intensity of Competitive Rivalry
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2. MARKET SEGMENTATION
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2.1 By Equipment Type
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2.1.1 Adhesive Pattern Controllers
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2.1.2 Adhesive Pump Systems
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2.1.3 Applicators
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2.1.3.1 Cold Glue Applicators
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2.1.3.2 Industrial Hot Melt Applicators
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2.1.3.3 Pneumatic Adhesive Applicators
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2.1.4 Application Guns
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2.1.5 Adhesive Hoses
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2.1.6 Adhesive Melters
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2.2 By End-user Industry
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2.2.1 Building and Construction
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2.2.2 Automotive
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2.2.3 Furniture and Woodworking
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2.2.4 Textiles
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2.2.5 Electronics
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2.2.6 Packaging
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2.2.7 Healthcare
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2.2.8 Other End-user Industries
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2.3 By Geography
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2.3.1 North America
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2.3.1.1 United States
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2.3.1.2 Canada
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2.3.2 Europe
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2.3.2.1 Germany
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2.3.2.2 United Kingdom
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2.3.2.3 Italy
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2.3.2.4 France
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2.3.2.5 Rest of Europe
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2.3.3 Asia-Pacific
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2.3.3.1 China
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2.3.3.2 India
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2.3.3.3 Japan
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2.3.3.4 South Korea
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2.3.3.5 Rest of Asia-Pacific
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2.3.4 Latin America
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2.3.5 Middle-East & Africa
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Adhesive Equipment Market Size FAQs
What is the current Adhesive Equipment Market size?
The Adhesive Equipment Market is projected to register a CAGR of 5% during the forecast period (2024-2029)
Who are the key players in Adhesive Equipment Market?
3M Company, Adhesive Packaging, LLC, Atlas Copco Ltd., Dymax Corporation and Glue Machinery Corporation are the major companies operating in the Adhesive Equipment Market.