Adhesive Equipment Market, Size, Share 2021-2028
Added: (Wed Nov 10 2021)
Pressbox (Press Release) -
Market Overview
The Global Adhesive Equipment Market is expected to grow at a high CAGR during the forecasting period (2021-2028).
Adhesives are the substance formed by the mixture of two or more a liquid or semi-liquid material joined permanently to surfaces with the help of certain equipments. Adhesive formation process involves several processes including bonding, dispensing melting and extracting. Thus to carry-out such processes different types of the adhesive equipments are used. The equipments includes automated electric gun, adhesive controllers, two-part volumetric dispensing meter mix, industrial hot melt equipment and cold glue applicator.
Adhesive equipment is substantially used in end-user industries such as industrial machinery transportation & packaging, automotives, medical, consumer’s electronics, construction,crockery and glassware, consumer good and appliances.
Download free sample: https://www.datamintelligence.com/download-sample/adhesive-equipment-market
Market Dynamics
The global adhesive equipment is driven by rising consumption of adhesives by the emerging end-use industries such as construction, automotive, textiles, footwear, electronics etc. around the globe. Further market is driven by rising demand for the packaging industry followed by the government initiatives for industrial machineries and many other manufacturing industries.
Rising rising consumption of adhesives in construction, automotive, textiles, footwear, electronics etc. around the globe
The market is driven by surge in the demand by the end-user undustries such as construction, automotive, textiles, footwear, electronics with growing online shopping through e-commerce websites around the globe. Adhesive equipments such as applicators, thermal paste dispenser, glue containers, automatic adhesive gun are substansially used in the textile industry for bonding fabrics together.
As the demand for textiles, leathers, footwear and apparels and clothing is growing at rapid pace due to surge in the Asia-Pacific population demand which drives the growth of the adhesive equipment market. For instance in Asia-Pacific, India is the second largest producer of the textile industry products such as clothing, apperals. As per the India Brand Equity Foundation Organization in first quarter of 2020, India’s total textiles and apparel export reached to around US$ 22.95 billion and is projected to reach around US$ 82.00 billion by 2021. It created huge demand for the adhsive equipments in India.
Growing demand of the by the packaging industry with surge in E-commerce sale of the consumers goods have propelled the growth of the adhesive equipments market
Further growing demand of the by the packaging industry due to surge in the sale of the consumers goods through the e-commerce sites have propelled the demand for the portable adhesive equipments in thie packaging industry. According to the UNCTAD, the global e-commerce sale reached to around US$ 29 trillion increased by 13% in 2017, this is primarily due to surge in the number of online shoppers.
Rising Government favourable policies reagarding bio-based adhesives development with the help of advanced technology may create lucrative opportunity for the growth of the adhesive equipments market
Increasing launching of the bio-based adhesives by the leading manufacturers have created huge opportunity for the growth of the adhesive equipments market. For instance on 10th Sept 2020, Toyochem launched new biodegradable polyurethane adhesive materials for several industries where the use of biodegradable materials are preferred. For instance as per the India Brand Equity Foundation Organization in 2019, the consumer electronics and appliences sale reached to around US$ 10.93 billion and is projected to reach around US$ 21 billion by 2025 in India.
COVID-19 Impact Analysis
The global adhesive equipment market has shown slight declination due to the COVID-19 pandemic, as several leading manufacturing industries were closed. Several countries have restricted production activities during the covid-19 pandemic. Further the growth of the textile & apperal was also declined due low demand in the Month of June 2020.
However, the demand for the adhesive equipment is slightly increased in August 2020, as several leading manufacturer started production. The leading manufacturers of the adhsive equipments have planned the investment for enhancing the production of the adhesive equipment due to growing demand. For instance on 5th Feb 2020 Henkel opened new adhesive manufacturing facility in Pune, India to meet the demands for high-performance solutions in adhesives, sealants and surface treatment products.
Segment Analysis
– By Product
• Adhesive controllers*
• Two-Part Volumetric Dispensing Meter Mix
• Industrial hot melt equipment
• Cold Glue Applicator
• Adhesive Pumping Systems
• Pneumatic Adhesive Applicator
• Adhesive Application Guns
• Others
– By Mounting Type
• Container mounted*
• Hand held
• Robotic
• Machine mounted
• Rotary
Competitive Landscape
The adhesive equipment market is moderately competitive with the presence of local as well as global companies. some of the key players which are contributing to the growth of the market include Henkel, Hernon Manufacturing Inc., ITW Dynatech, 3M, Dispensing Limited, Nordson Corporation, Valco Melton, Adhesive & Equipment, Robatech, Dymax Corporation and among others.
The major players are adopting several growth strategies such as product launches, acquisitions, and collaborations, which are contributing to the growth of the Adhesive Equipment market globally. For instance, on 15th April 2020 Meridian Adhesives Group (Meridian) completed the acquisition of adhesives division of John P. Kummer GmbH, AG and Ltd (JPK). JPK is a leading European distributor of specialty products for the electronic and medical markets.
Further on 14th June 2016, Atlas Copco, a leading provider of sustainable productivity solutions, has acquired Swedish supplier of dispensing equipment Bondtech, for supplying adhesives and sealants used by automotive manufacturers.
Henkel
Overview: Henkel is a German multinational provider of chemical and Consumer Goods Company founded in 1876 and headquartered in Düsseldorf, Germany. The Company is active both in the consumer and industrial sector.
Product Portfolio: The company has a diverse product portfolio of Adhesive Equipment includes: Adhesive Technologies, Beauty Care, and Laundry and Home Care. Adhesive Equipments Products includes:
• Teroson Et Statmixer Small: Equipment – Dispensing and mixing nozzle, bayonet coupling. Static Mixer Small is a static mixer with a bayonet coupling for 2-component cartridges (2 x 25 ml). Static mixer for twin cartridges (2 x 25 ml).
• Teroson et staku hand gun: Equipment – Dispensing tool, hand gun, easy to use, easy to maintain and clean, suitable for aluminum and plastic cartridges. Teroson et staku hand gun is a dispenser with a piston rod. It is a durable piece of equipment that is easy to handle, maintain and clean. The hand gun is suitable for aluminum and plastic cartridges. It dispenses standard material from cartridges with standard beads.
Features: Durable equipment, dispenses standard material from cartridges for standard beads, easy to handle, easy to maintain and clean and no run-on
• Key Development:
In 22nd May 2019, Henkel Adhesives Technologies India Pvt Ltd, has opened its first LOCTITE equipment centre, in Coimbatore, India. This centre has been designed for providing first-hand experience of Henkel’s capabilities in dispensing solutions and automation technologies. Further on 6th Feb 2020, Henkel invested around US$ 55 Million for establishment of new manufacturing facility od new adhesives in India.
View Full Report: https://www.datamintelligence.com/research-report/adhesive-equipment-market
Enquiry Before Buying: https://www.datamintelligence.com/enquiry/adhesive-equipment-market
About Us
DataM Intelligence was incorporated in the early weeks of 2017 as a Market Research and Consulting firm with just two people on board. Within a span of less than a year, we have secured more than 100 unique customers from established organizations all over the world.
For more information:
Sai Kiran
Sales Manager at DataM Intelligence
Email: info@datamintelligence.com
Tel: +1 877 441 4866
Website: www.datamintelligence.com