The global adhesive equipment market size reached US$ 33.7 Billion in 2022. Looking forward, IMARC Group expects the market to reach US$ 45.7 Billion by 2028, exhibiting a growth rate (CAGR) of 5.4% during 2023-2028.
Adhesive equipment refers to tools and gears that aid in bonding dissimilar objects. It comprises adhesive controllers, industrial hot melts, adhesive pumping systems, and adhesive application guns. It reduces stress concentration at screw and rivet points, improves production efficiency, and minimizes vibration, fatigue, and noises. As a result, it finds extensive application in the packaging, construction, and textile industries across the globe.
Adhesive Equipment Market Trends:
A significant rise in the demand for disposable hygiene products (DHP) due to safety concerns and increased convenience represents one of the major factors strengthening the growth of the market. Adhesive equipment is widely utilized in the manufacturing of DHP to offer better quality products at a faster and relatively lower cost. Besides this, on account of the need for fast and safe bonding of the materials, cost-saving production, and compatibility with the existing production lines, there is a rise in the demand for adhesive equipment in the packaging industry around the world. Moreover, increasing utilization in the food and beverages, electronics, pharmaceuticals, fast-moving consumer goods (FMCG) for numerous purposes is acting as another growth-inducing factor. Furthermore, the leading players are focusing on introducing innovative and sustainable equipment, such as bio-based hot melt adhesives, which rely on fossil fuel-based components. These adhesives offer excellent performance, easy conversion, and temperature resistance. These innovations are strengthening the growth of the market. Some of the other factors, such as increasing industrialization, favorable government initiatives undertaken in various countries to support the packaging sector, rising construction spending to refurbish and renovate existing infrastructure, and the thriving automotive and consumer electronics industries, are anticipated to propel the growth of the market.
Key Market Segmentation:
IMARC Group provides an analysis of the key trends in each sub-segment of the global adhesive equipment market report, along with forecasts at the global, regional and country level from 2023-2028. Our report has categorized the market based on product, application and distribution channel.
Breakup by Product:
Industrial Hot Melt
Adhesive Controllers
Cold Glue Applicators
Pneumatic Adhesive Applicators
Adhesive Pumping Systems
Adhesive Application Guns
Others
Breakup by Application:
Packaging
Construction
Lamination
Disposable Hygiene Products (DHP)
Technical Textiles
Others
Breakup by Distribution Channel:
Supermarket and Hypermarket
Retail Stores
Online Stores
Others
Breakup by Region:
North America
United States
Canada
Asia-Pacific
China
Japan
India
South Korea
Australia
Indonesia
Others
Europe
Germany
France
United Kingdom
Italy
Spain
Russia
Others
Latin America
Brazil
Mexico
Others
Middle East and Africa
Competitive Landscape:
The competitive landscape of the industry has also been examined along with the profiles of the key players being 3M Company, Adhesive & Equipment Inc., Atlas Copco, Dymax Corporation, Glue Machinery Corporation, Graco Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, ITW Dynatec, Nordson Corporation, Robatech AG and Valco Cincinnati Inc.
Report Coverages:
Report Features
Details
Base Year of the Analysis
2022
Historical Period
2017-2022
Forecast Period
2023-2028
Units
US$ Billion
Segment Coverage
Product, Application, Distribution Channel, Region
Region Covered
Asia Pacific, Europe, North America, Latin America, Middle East and Africa
Countries Covered
United States, Canada, Germany, France, United Kingdom, Italy, Spain, Russia, China, Japan, India, South Korea, Australia, Indonesia, Brazil, Mexico
Companies Covered
3M Company, Adhesive & Equipment Inc., Atlas Copco, Dymax Corporation, Glue Machinery Corporation, Graco Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, ITW Dynatec, Nordson Corporation, Robatech AG and Valco Cincinnati Inc.
Customization Scope
10% Free Customization
Report Price and Purchase Option
Single User License: US$ 2499
Five User License: US$ 3499
Corporate License: US$ 4499
Post-Sale Analyst Support
10-12 Weeks
Delivery Format
PDF and Excel through Email (We can also provide the editable version of the report in PPT/Word format on special request)
Key Questions Answered in This Report
The global adhesive equipment market was valued at US$ 33.7 Billion in 2022.
We expect the global adhesive equipment market to exhibit a CAGR of 5.4% during 2023-2028.
The introduction of innovative and sustainable equipment, such as bio-based hot melt adhesives, which rely on fossil fuel-based components and offer enhanced performance, easy conversion, and temperature resistance, is primarily driving the global adhesive equipment market.
The sudden outbreak of the COVID-19 pandemic had led to the implementation of stringent lockdown regulations across several nations, resulting in the temporary halt in numerous production activities for adhesive equipment.
Based on the product, the global adhesive equipment market can be segmented into industrial hot melt, adhesive controllers, cold glue applicators, pneumatic adhesive applicators, adhesive pumping systems, adhesive application guns, and others. Currently, industrial hot melt holds the majority of the total market share.
Based on the application, the global adhesive equipment market has been divided into packaging, construction, lamination, Disposable Hygiene Products (DHP), technical textiles, and others. Among these, packaging currently exhibits a clear dominance in the market.
Based on the distribution channel, the global adhesive equipment market can be categorized into supermarket and hypermarket, retail stores, online stores, and others. Currently, retail stores account for the largest market share.
On a regional level, the market has been classified into North America, Asia-Pacific, Europe, Latin America, and Middle East and Africa, where Asia-Pacific currently dominates the global market.
Some of the major players in the global adhesive equipment market include 3M Company, Adhesive & Equipment Inc., Atlas Copco, Dymax Corporation, Glue Machinery Corporation, Graco Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, ITW Dynatec, Nordson Corporation, Robatech AG, and Valco Cincinnati Inc.
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