Adhesive Applying Equipment Market
Adhesive Applying Equipment Market Forecasts to 2030 - Global Analysis By Type (Adhesive Controllers, Cold Glue Applicators, Pneumatic Adhesive Applicators, Application Guns, Hot Melt Applicators, Adhesive Dispensers, Automated Adhesive Systems and Other Types), Technology (Solvent-based, Water-based, Hot Melt, Pressure-sensitive, Dispersions and Other Technologies), Application, End User and By Geography
According to Stratistics MRC, the Global Adhesive Applying Equipment Market is growing at a CAGR of 7.5% during the forecast period. Equipment used to apply adhesive material to a surface is known as adhesive-applying equipment. Moreover, the use of adhesive application equipment is crucial to ensuring the uniform and precise application of the adhesive substance. The adhesive and the surface can cling together tightly as a result.
According to ASTM D6195, the “Loop Tack” test is used to measure the tack force / strength of a pressure sensitive adhesive (PSA). Pressure sensitive adhesives are typically applied to films, labels, tapes, and stickers where the initial tack force is an important characteristic of the product. ASTM D6195 describes two ways to perform the test.
Market Dynamics:
Driver:
Growing demand for adhesive products
Due to the superior bonding capabilities, advantages of being lightweight and capacity to replace conventional fasteners, adhesive products are becoming more and more prevalent in growing industries like automotive, construction, electronics, and packaging. Additionally, in order to meet rising production demands, this increase in adhesive usage is driving the demand for effective adhesive-applying equipment.
Restraint:
Expensive initial investment
The high initial investment in adhesive application equipment includes not only the purchase price but also the costs of infrastructure, installation, and training. In addition to these, ongoing costs for maintenance and energy use can add up over time. Moreover, navigating these significant costs can be a difficult challenge for many organizations, especially smaller ones, and may require careful financial planning and consideration of financing options.
Opportunity:
Growing use of green adhesive technologies
The manufacturers of adhesive application equipment have a huge opportunity thanks to the increased focus on environmental sustainability. Equipment that can effectively handle these materials while reducing waste and emissions will be in high demand as demand for eco-friendly adhesives increases. However, in a society that values the environment, creating machinery that is optimized for green adhesive technologies can lead to new market opportunities and help manufacturers stand out.
Threat:
Supply-chain breakdowns
Due to the complexity of the global supply chain, pandemics, natural disasters, and geopolitical unrest all have the potential to cause supply chain disruptions that could affect equipment manufacturers. Critical component deliveries may be delayed as a result of these interruptions, which may have an impact on production schedules and customer satisfaction. Furthermore, to reduce these risks, manufacturers need solid backup plans and diversified supply chains.
Covid-19 Impact:
On the market for adhesive application equipment, the COVID-19 pandemic had a significant effect. Lockdowns and supply chain disruptions during the early stages of the pandemic caused a significant slowdown in manufacturing and industrial activity. Moreover, there was less demand for adhesive equipment as a result of numerous projects being delayed or abandoned. But as industries adjusted to new safety regulations and remote working arrangements, a shift towards increased automation and digitalization was seen, fueling the demand for advanced adhesive application equipment.
The Hot Melt Applicators segment is expected to be the largest during the forecast period
In the market for adhesive applying equipment, the Hot Melt Applicators segment is anticipated to hold the largest share. Due to their adaptability and effectiveness, hot melt applicators are widely used in many industries. However, these applicators can dispense hot melt adhesives in a variety of shapes, such as sticks, pellets, or granules, which can be precisely applied and quickly solidify upon contact, making them appropriate for high-speed production lines. Hot melt applicators are used in a variety of industries for bonding and sealing tasks, including packaging, woodworking, automotive, and textiles.
The Disposable Hygiene Products segment is expected to have the highest CAGR during the forecast period
The market for adhesive-applying equipment had the highest CAGR in the disposable hygiene products segment. The demand for disposable hygiene items like adult incontinence products, sanitary napkins, and diapers increased, which contributed to this growth. As adhesives are applied accurately and efficiently for bonding and construction, adhesive-applying equipment is essential to the production of these products. The demand for disposable hygiene products has increased along with population growth and changing lifestyles, which has increased the need for cutting-edge adhesive application equipment.
Region with largest share:
The adhesive-applying equipment market is expected to have the largest share in the North American region. The region's highly developed manufacturing industries, which cover industries like automotive, electronics, packaging, and construction, were one reason for this leadership, among other explanations. Additionally, the region's growth was also aided by the presence of reputable and creative manufacturers of adhesive equipment and a strong emphasis on upholding strict quality standards.
Region with highest CAGR:
The market for adhesive-applying equipment in the European region is growing at the highest CAGR. The region's well-established manufacturing sectors, particularly in the automotive, construction, and electronics industries, were a contributing factor to Europe's growth. The strong focus on sustainability and environmentally friendly adhesive solutions also helped the market expand in Europe. Additionally, the market's growth was accelerated by developments in technology and automation, as well as the presence of creative manufacturers of adhesive equipment.
Key players in the market
Some of the key players in Adhesive Applying Equipment market include Henkel, Nordson Corporation, Graco, Valco Melton, Dymax Corporation and Robatech.
Key Developments:
In June 2023, Nordson Corporation today announced that it has entered into a definitive agreement to acquire ARAG Group and its subsidiaries in an all-cash transaction that values ARAG at an enterprise value of €960 million. Headquartered in Rubiera, Italy, ARAG is a global market and innovation leader in the development, production and supply of precision control systems and smart fluid components for agricultural spraying.
In January 2023, Henkel and Shell Chemical LP have agreed to a five-year collaboration to replace up to 200,000 tonnes of fossil feedstocks used in the manufacture of surfactants with feedstocks that are based on renewable raw materials. The renewable-based surfactants will be used in Henkel’s laundry product brands, including many varieties of Persil®, Purex® and all® brands. Surfactants are an ingredient in cleaning products that help lather and lift dirt.
In April 2022, Dan Dee International, a global leader in baby, pet, plush, and home décor products, and Graco, one of the world’s most recognised and trusted children’s products brands, have announced a new multi-year licensing agreement. Dan Dee has plans to help expand Graco with an extensive line of innovative play, activity, storage, and functional baby products for at-home and on-the-go, set to launch in North America in 2023.
Types Covered:
• Adhesive Controllers
• Cold Glue Applicators
• Pneumatic Adhesive Applicators
• Application Guns
• Hot Melt Applicators
• Adhesive Dispensers
• Automated Adhesive Systems
• Other Types
Technologies Covered:
• Solvent-based
• Water-based
• Pressure-sensitive
• Dispersions
• Other Technologies
Applications Covered:
• Packaging
• Construction
• Disposable Hygiene Products
• Technical Textiles
• Automotive
• Electronics
• Furniture
• Lamination
• Industrial
• Commercial
• Residential
• Other Applications
Regions Covered:
• North America
o US
o Canada
o Mexico
• Europe
o Germany
o UK
o Italy
o France
o Spain
o Rest of Europe
• Asia Pacific
o Japan
o China
o India
o Australia
o New Zealand
o South Korea
o Rest of Asia Pacific
• South America
o Argentina
o Brazil
o Chile
o Rest of South America
• Middle East & Africa
o Saudi Arabia
o UAE
o Qatar
o South Africa
o Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2021, 2022, 2023, 2026, and 2030
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Free Customization Offerings:
All the customers of this report will be entitled to receive one of the following free customization options:
• Company Profiling
o Comprehensive profiling of additional market players (up to 3)
o SWOT Analysis of key players (up to 3)
• Regional Segmentation
o Market estimations, Forecasts and CAGR of any prominent country as per the client's interest (Note: Depends on feasibility check)
• Competitive Benchmarking
Benchmarking of key players based on product portfolio, geographical presence, and strategic alliances
Table of Contents
1 Executive Summary
2 Preface
2.1 Abstract
2.2 Stake Holders
2.3 Research Scope
2.4 Research Methodology
2.4.1 Data Mining
2.4.2 Data Analysis
2.4.3 Data Validation
2.4.4 Research Approach
2.5 Research Sources
2.5.1 Primary Research Sources
2.5.2 Secondary Research Sources
2.5.3 Assumptions
3 Market Trend Analysis
3.1 Introduction
3.2 Drivers
3.3 Restraints
3.4 Opportunities
3.5 Threats
3.6 Technology Analysis
3.7 Application Analysis
3.8 Emerging Markets
3.9 Impact of Covid-19
4 Porters Five Force Analysis
4.1 Bargaining power of suppliers
4.2 Bargaining power of buyers
4.3 Threat of substitutes
4.4 Threat of new entrants
4.5 Competitive rivalry
5 Global Adhesive Applying Equipment Market, By Type
5.1 Introduction
5.2 Adhesive Controllers
5.3 Cold Glue Applicators
5.4 Pneumatic Adhesive Applicators
5.5 Application Guns
5.6 Hot Melt Applicators
5.7 Adhesive Dispensers
5.8 Automated Adhesive Systems
5.9 Other Types
6 Global Adhesive Applying Equipment Market, By Technology
6.1 Introduction
6.2 Solvent-based
6.3 Water-based
6.4 Pressure-sensitive
6.5 Dispersions
6.6 Other Technologies
7 Global Adhesive Applying Equipment Market, By Application
7.1 Introduction
7.2 Packaging
7.3 Construction
7.4 Disposable Hygiene Products
7.5 Technical Textiles
7.6 Automotive
7.7 Electronics
7.8 Furniture
7.9 Lamination
7.10 Industrial
7.11 Commercial
7.12 Residential
7.13 Building
7.14 Other Applications
8 Global Adhesive Applying Equipment Market, By Geography
8.1 Introduction
8.2 North America
8.2.1 US
8.2.2 Canada
8.2.3 Mexico
8.3 Europe
8.3.1 Germany
8.3.2 UK
8.3.3 Italy
8.3.4 France
8.3.5 Spain
8.3.6 Rest of Europe
8.4 Asia Pacific
8.4.1 Japan
8.4.2 China
8.4.3 India
8.4.4 Australia
8.4.5 New Zealand
8.4.6 South Korea
8.4.7 Rest of Asia Pacific
8.5 South America
8.5.1 Argentina
8.5.2 Brazil
8.5.3 Chile
8.5.4 Rest of South America
8.6 Middle East & Africa
8.6.1 Saudi Arabia
8.6.2 UAE
8.6.3 Qatar
8.6.4 South Africa
8.6.5 Rest of Middle East & Africa
9 Key Developments
9.1 Agreements, Partnerships, Collaborations and Joint Ventures
9.2 Acquisitions & Mergers
9.3 New Product Launch
9.4 Expansions
9.5 Other Key Strategies
10 Company Profiling
10.1 Henkel
10.2 Nordson Corporation
10.3 Graco
10.4 Valco Melton
10.5 Dymax Corporation
10.6 Robatech
List of Tables
1 Global Adhesive Applying Equipment Market Outlook, By Region (2021-2030) ($MN)
2 Global Adhesive Applying Equipment Market Outlook, By Type (2021-2030) ($MN)
3 Global Adhesive Applying Equipment Market Outlook, By Adhesive Controllers (2021-2030) ($MN)
4 Global Adhesive Applying Equipment Market Outlook, By Cold Glue Applicators (2021-2030) ($MN)
5 Global Adhesive Applying Equipment Market Outlook, By Pneumatic Adhesive Applicators (2021-2030) ($MN)
6 Global Adhesive Applying Equipment Market Outlook, By Application Guns (2021-2030) ($MN)
7 Global Adhesive Applying Equipment Market Outlook, By Hot Melt Applicators (2021-2030) ($MN)
8 Global Adhesive Applying Equipment Market Outlook, By Adhesive Dispensers (2021-2030) ($MN)
9 Global Adhesive Applying Equipment Market Outlook, By Automated Adhesive Systems (2021-2030) ($MN)
10 Global Adhesive Applying Equipment Market Outlook, By Other Types (2021-2030) ($MN)
11 Global Adhesive Applying Equipment Market Outlook, By Technology (2021-2030) ($MN)
12 Global Adhesive Applying Equipment Market Outlook, By Solvent-based (2021-2030) ($MN)
13 Global Adhesive Applying Equipment Market Outlook, By Water-based (2021-2030) ($MN)
14 Global Adhesive Applying Equipment Market Outlook, By Pressure-sensitive (2021-2030) ($MN)
15 Global Adhesive Applying Equipment Market Outlook, By Dispersions (2021-2030) ($MN)
16 Global Adhesive Applying Equipment Market Outlook, By Other Technologies (2021-2030) ($MN)
17 Global Adhesive Applying Equipment Market Outlook, By Application (2021-2030) ($MN)
18 Global Adhesive Applying Equipment Market Outlook, By Packaging (2021-2030) ($MN)
19 Global Adhesive Applying Equipment Market Outlook, By Construction (2021-2030) ($MN)
20 Global Adhesive Applying Equipment Market Outlook, By Disposable Hygiene Products (2021-2030) ($MN)
21 Global Adhesive Applying Equipment Market Outlook, By Technical Textiles (2021-2030) ($MN)
22 Global Adhesive Applying Equipment Market Outlook, By Automotive (2021-2030) ($MN)
23 Global Adhesive Applying Equipment Market Outlook, By Electronics (2021-2030) ($MN)
24 Global Adhesive Applying Equipment Market Outlook, By Furniture (2021-2030) ($MN)
25 Global Adhesive Applying Equipment Market Outlook, By Lamination (2021-2030) ($MN)
26 Global Adhesive Applying Equipment Market Outlook, By Industrial (2021-2030) ($MN)
27 Global Adhesive Applying Equipment Market Outlook, By Commercial (2021-2030) ($MN)
28 Global Adhesive Applying Equipment Market Outlook, By Residential (2021-2030) ($MN)
29 Global Adhesive Applying Equipment Market Outlook, By Building (2021-2030) ($MN)
30 Global Adhesive Applying Equipment Market Outlook, By Other Applications (2021-2030) ($MN)
Note: Tables for North America, Europe, APAC, South America, and Middle East & Africa Regions are also represented in the same manner as above.
List of Figures
List of Figures
Figure 1 Global Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 2 North America Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 3 US Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 4 Canada Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 5 Mexico Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 6 Europe Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 7 Germany Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 8 UK Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 9 Italy Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 10 France Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 11 Spain Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 12 Rest of Europe Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 13 Asia Pacific Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 14 Japan Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 15 China Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 16 India Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 17 Australia Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 18 New Zealand Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 19 South Korea Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 20 Rest of Asia Pacific Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 21 South America Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 22 Argentina Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 23 Brazil Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 24 Chile Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 25 Rest of South America Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 26 Middle East & Africa Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 27 Saudi Arabia Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 28 UAE Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 29 Qatar Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 30 South Africa Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
Figure 31 Rest of Middle East & Africa Adhesive Applying Equipment Market Outlook (2021-2030) ($MN)
RESEARCH METHODOLOGY
We at ‘Stratistics’ opt for an extensive research approach which involves data mining, data validation, and data analysis. The various research sources include in-house repository, secondary research, competitor’s sources, social media research, client internal data, and primary research.
Our team of analysts prefers the most reliable and authenticated data sources in order to perform the comprehensive literature search. With access to most of the authenticated data bases our team highly considers the best mix of information through various sources to obtain extensive and accurate analysis.
Each report takes an average time of a month and a team of 4 industry analysts. The time may vary depending on the scope and data availability of the desired market report. The various parameters used in the market assessment are standardized in order to enhance the data accuracy.
Data Mining
The data is collected from several authenticated, reliable, paid and unpaid sources and is filtered depending on the scope & objective of the research. Our reports repository acts as an added advantage in this procedure. Data gathering from the raw material suppliers, distributors and the manufacturers is performed on a regular basis, this helps in the comprehensive understanding of the products value chain. Apart from the above mentioned sources the data is also collected from the industry consultants to ensure the objective of the study is in the right direction.
Market trends such as technological advancements, regulatory affairs, market dynamics (Drivers, Restraints, Opportunities and Challenges) are obtained from scientific journals, market related national & international associations and organizations.
Data Analysis
From the data that is collected depending on the scope & objective of the research the data is subjected for the analysis. The critical steps that we follow for the data analysis include:
- Product Lifecycle Analysis
- Competitor analysis
- Risk analysis
- Porters Analysis
- PESTEL Analysis
- SWOT Analysis
The data engineering is performed by the core industry experts considering both the Marketing Mix Modeling and the Demand Forecasting. The marketing mix modeling makes use of multiple-regression techniques to predict the optimal mix of marketing variables. Regression factor is based on a number of variables and how they relate to an outcome such as sales or profits.
Data Validation
The data validation is performed by the exhaustive primary research from the expert interviews. This includes telephonic interviews, focus groups, face to face interviews, and questionnaires to validate our research from all aspects. The industry experts we approach come from the leading firms, involved in the supply chain ranging from the suppliers, distributors to the manufacturers and consumers so as to ensure an unbiased analysis.
We are in touch with more than 15,000 industry experts with the right mix of consultants, CEO's, presidents, vice presidents, managers, experts from both supply side and demand side, executives and so on.
The data validation involves the primary research from the industry experts belonging to:
- Leading Companies
- Suppliers & Distributors
- Manufacturers
- Consumers
- Industry/Strategic Consultants
Apart from the data validation the primary research also helps in performing the fill gap research, i.e. providing solutions for the unmet needs of the research which helps in enhancing the reports quality.
For more details about research methodology, kindly write to us at info@strategymrc.com
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