Adhesive Equipment Market Size, Growth, Share By 2021-2028

      

DataM Intelligence2

Market Overview
The Global Adhesive Equipment Market is expected to grow at a high CAGR during the forecasting period (2021-2028).

(ProNewsReport Editorial):- Beacon, New York Nov 9, 2021 (Issuewire.com) – Market Overview

The Global Adhesive Equipment Market is expected to grow at a high CAGR during the forecasting period (2021-2028).

Adhesives are substances formed by a mixture of two or more liquid or semi-liquid materials joined permanently to surfaces with the help of certain equipment. Adhesive formation process involves several processes including bonding, dispensing melting, and extracting. Thus to carry out such processes different types of adhesive equipment are used. The equipment includes an 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, automotive, medical, consumer’s electronics, construction, crockery and glassware, consumer good, and appliances.

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Market Dynamics

The global adhesive equipment is driven by the rising consumption of adhesives by the emerging end-use industries such as construction, automotive, textiles, footwear, electronics, etc. around the globe. The further market is driven by rising demand for the packaging industry followed by the government initiatives for industrial machinery 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 a 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 equipment such as applicators, thermal paste dispensers, glue containers, automatic adhesive guns is substansially used in the textile industry for bonding fabrics together.

As the demand for textiles, leathers, footwear and apparel, and clothing is growing at a rapid pace due to a 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, apparel. As per the India Brand Equity Foundation Organization in the first quarter of 2020, India’s total textiles and apparel export reached around US$ 22.95 billion and is projected to reach around US$ 82.00 billion by 2021. It created a huge demand for adhesive equipment in India.

Growing demand by the packaging industry with the surge in E-commerce sale of the consumers goods have propelled the growth of the adhesive equipments market

Further growing demand by the packaging industry due to the surge in the sale of the consumer’s goods through e-commerce sites has propelled the demand for portable adhesive equipment in the packaging industry. According to UNCTAD, the global e-commerce sale reached around US$ 29 trillion increased by 13% in 2017, this is primarily due to a 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

The increasing launching of bio-based adhesives by the leading manufacturers has created huge opportunities for the growth of the adhesive equipment market. For instance, on 10th Sept 2020, Toyochem launched new biodegradable polyurethane adhesive materials for several industries where the use of biodegradable materials is preferred. For instance, as per the India Brand Equity Foundation Organization in 2019, the consumer electronics and appliences sale reached around US$ 10.93 billion and is projected to reach around US$ 21 billion by 2025 in India.

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 textile & apparel was also declined due to low demand in the Month of June 2020.

However, the demand for adhesive equipment is slightly increased in August 2020, as several leading manufacturers started production. The leading manufacturers of the adhsive equipment have planned the investment for enhancing the production of the adhesive equipment due to growing demand. For instance, on 5th  Feb 2020, Henkel opened a 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 Cold Glue Applicator
  • Adhesive Pumping Systems
  • Pneumatic Adhesive Applicator
  • Adhesive Application Guns
  • Others

By Mounting Type

  • Container mounted
  • Handheld
  • Robotic
  • Machine mounted
  • Rotary

By Adhesive

  • Epoxy
  • Acrylic
  • Polyurethane
  • Polyester
  • Fabric adhesives
  • Yellow Wood Glue
  • Spray adhesives
  • Super Glue
  • Hot glue
  • Others

By Operation Medium

  • Compressed Air
  • Electric

By Application Method

  • Bead
  • Dot
  • Flat Spray
  • Round Spray
  • Others

By Distribution Channel

  • Retail Store
  • Supermarket/Hypermarket
  • E-Commerce
  • Hardware Stores
  • Others

By Application

  • Packaging & Lamination
  • Technical Textiles
  • Automotive
  • Healthcare
  • Building and Construction
  • Electronics
  • Industrial
  • Leather and Footwear
  • Woodworking
  • Others

Geographical Analysis

Asia-Pacific region holds the largest market share global Adhesive Equipment market

Asia-Pacific region is dominating the global Adhesive Equipment market accounted for the largest market share in 2019, due to presence of the manufacturing companies, growing industrialization, and rising population demand of the adhesive equipment by the manufacturing industries of textile, apparel, automotive in this region followed by North America and Europe. As per the International Institute for Sustainable Development Organization in 2017, the Asia-Pacific region accounted for the highest share in the textiles and apparel sector representing  61% and 37.1% of the global market. Similarly, North America is also growing at the fastest speed owing to the presence of the leading manufacturing companies with the presence of the advanced technology adhesive equipment manufacturer.

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 the 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 a Swedish supplier of dispensing equipment Bondtech, for supplying adhesives and sealants used by automotive manufacturers.

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 handgun: Equipment – Dispensing tool, handgun, easy to use, easy to maintain and clean, suitable for aluminum and plastic cartridges. Teroson et staku handgun is a dispenser with a piston rod. It is a durable piece of equipment that is easy to handle, maintain and clean. The handgun 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 center 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

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DataM Intelligence
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