Adhesive Equipment Market Future Prospects, Trends, Growth, Key Player SWOT Analysis by 2031|
Adhesives are compounds created by combining two or more liquid or semi-liquid substances, which are then permanently affixed to surfaces with specific tools and machinery. The process of adhesive formation entails various stages, including bonding, dispensing, melting, and extraction. To facilitate these processes, a range of adhesive equipment is employed. This equipment comprises automated electric guns, adhesive controllers, two-part volumetric dispensing meter-mix systems, industrial hot melt machinery, and cold glue applicators.
Adhesive equipment finds extensive application across diverse end-user industries, including industrial machinery, transportation and packaging, automotive manufacturing, medical devices, consumer electronics, construction, crockery and glassware production, consumer goods, and household appliances.
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Market Dynamics :
The global adhesive equipment market is propelled by the increasing consumption of adhesives across emerging end-use sectors worldwide, including construction, automotive, textiles, footwear, electronics, and more. This surge in demand is particularly fueled by the packaging industry, alongside governmental initiatives aimed at bolstering industrial machinery and various manufacturing sectors.
Growing Demand for Adhesives in Diverse Industries
The market's momentum is driven by heightened demand from key end-user industries such as construction, automotive, textiles, footwear, and electronics, spurred by the expanding prevalence of online shopping through e-commerce platforms worldwide. In sectors like textiles, adhesive equipment such as applicators, thermal paste dispensers, glue containers, and automatic adhesive guns play a vital role in bonding fabrics effectively.
With the rapid population growth in the Asia-Pacific region, there's a notable uptick in demand for textiles, leather goods, footwear, and apparel. This surge, particularly evident in countries like India, drives the growth of the adhesive equipment market. For instance, India stands as the second-largest producer of textile products globally, including clothing and apparel. According to data from the India Brand Equity Foundation Organization, in the first quarter of 2020, India's total textiles and apparel exports amounted to approximately US$ 22.95 billion, with projections to reach around US$ 82.00 billion by 2021. This substantial growth trajectory creates significant demand for adhesive equipment within India's market.
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Market Segmentation :
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.
By Mounting Type : Container mounted, Hand held, Robotic, Machine mounted, Rotary.
By Adhesive : Epoxy, Acrylic, Polyurethane, Polyester, Fabric adhesives, Yellow Wood Glue, Spray adhesives, Super Glue, Hot glue.
By Operation : Medium Compressed Air, Electric), By Application Method (Bead, Dot, Flat Spray, Round Spray.
By Distribution Channel : Retail Store, Supermarket/Hypermarket E-Commerce, Hardware Stores.
By Application : Packaging & Lamination, Technical Textiles, Automotive, Healthcare, Building and Construction, Electronics, Industrial, Leather and Footwear, Woodworking.
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Competitive Landscape
Henkel, Hernon Manufacturing Inc., ITW Dynatech, 3M, Dispensing Limited, Nordson Corporation, Valco Melton, Adhesive & Equipment, Robatech, Dymax Corporation and among others.
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