Global Adhesive Equipment Market Overview
Adhesive Equipment Market Size was estimated at 19.32 (USD Billion) in 2022. The Adhesive Equipment Industry is expected to grow from 20.16(USD Billion) in 2023 to 29.7 (USD Billion) by 2032. The Adhesive Equipment Market CAGR (growth rate) is expected to be around 4.39% during the forecast period (2024 - 2032).
Key Adhesive Equipment Market Trends Highlighted
Key market drivers for the adhesive equipment market include increasing demand from various industries such as automotive, packaging, and construction. The growing adoption of advanced adhesive technologies, such as hot-melt adhesives and UV-curable adhesives, is also driving market growth. Furthermore, rising environmental concerns and regulations are fueling the demand for eco-friendly adhesive equipment.
Opportunities for growth in the adhesive equipment market lie in the development of innovative and sustainable technologies. The market is expected to witness the emergence of new applications in emerging industries like electronics and healthcare. Additionally, the growing adoption of automation and Industry 4.0 technologies is expected to create new opportunities for the market.
Recent trends in the adhesive equipment market include the increasing demand for precision and automation. Manufacturers are focusing on developing equipment that provides accurate and consistent adhesive application, as well as advanced monitoring and control systems. The integration of IoT and data analytics is also becoming more prevalent, enabling remote monitoring and predictive maintenance of adhesive equipment.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Adhesive Equipment Market Drivers
Increasing Demand for Adhesives in Various Industries
The Adhesive Equipment Market Industry is witnessing a surge in demand for adhesives across a wide range of industries, including packaging, automotive, construction, and electronics. The growing use of adhesives for bonding, sealing, and assembling components has fueled the need for specialized equipment to handle and apply these adhesives efficiently. This increasing demand is expected to drive the growth of the adhesive equipment market in the coming years.
Technological Advancements in Adhesive Equipment
The Adhesive Equipment Market Industry is experiencing significant technological advancements that are enhancing the capabilities and efficiency of adhesive equipment. Innovations such as automated dispensing systems, precision metering devices, and non-contact adhesive application technologies are transforming the industry. These advancements improve accuracy, reduce waste, and increase productivity, making adhesive equipment more attractive to manufacturers.
Growing Emphasis on Sustainability and Environmental Regulations
The Adhesive Equipment Market Industry is influenced by the increasing focus on sustainability and environmental regulations. Governments worldwide are implementing stricter regulations to reduce emissions and promote environmentally friendly practices. This has led to the development of adhesive equipment that minimizes solvent usage, reduces energy consumption, and complies with environmental standards. The growing demand for sustainable adhesive equipment is expected to contribute to the market growth over the forecast period.
Adhesive Equipment Market Segment Insights
Adhesive Equipment Market Adhesive Type Insights
Adhesive Equipment Market Overview Market for hot melt, pressure sensitive, water based, solvent based, and reactive adhesives. Adhesive Type Segment Insight and Overview Hot Melt Adhesives Hot melt adhesives are solid at room temperature and become liquid when heated. They are applied to the substrate and then cooled, forming a strong bond. Hot melt adhesives are used for a wide variety of applications, including packaging, bookbinding, and automotive assembly. The hot melt adhesive equipment market is expected to reach $12.3 billion by 2026, growing at a CAGR of 4.5%.
Pressure Sensitive Adhesives Pressure-sensitive adhesives are self-adhesive materials that bond to a surface when pressure is applied. They are used for a wide variety of applications, including labels, tapes, and medical devices. The pressure sensitive adhesive equipment market is expected to reach $20.5 billion by 2026, growing at a CAGR of 5.1%. Water Based Adhesives Water based adhesives are made from water and a resin or polymer. They are applied to the substrate and then allowed to dry, forming a strong bond. Water based adhesives are used for a wide variety of applications, including packaging, paper converting, and construction.
The water based adhesive equipment market is expected to reach $15.2 billion by 2026, growing at a CAGR of 4.7%. Solvent Based Adhesives Solvent based adhesives are made from a solvent and a resin or polymer. They are applied to the substrate and then allowed to dry, forming a strong bond. Solvent based adhesives are used for a wide variety of applications, including automotive assembly, metalworking, and furniture manufacturing. The solvent based adhesive equipment market is expected to reach $10.7 billion by 2026, growing at a CAGR of 4.3%. Reactive Adhesives Reactive adhesives are made from two or more components that react to form a strong bond.
They are used for a wide variety of applications, including aerospace, automotive, and electronics. The reactive adhesive equipment market is expected to reach $6.8 billion by 2026, growing at a CAGR of 5.5%. The choice of adhesive type is dependent on a number of factors, including the application, the substrates being bonded, and the performance characteristics of the adhesive. Hot melt adhesives are typically used for high speed applications where a strong bond is required. Pressure sensitive adhesives are used for applications where a repositionable bond is desired.
Water based adhesives are used for applications where a low cost, environmentally friendly adhesive is needed. Solvent based adhesives are used for applications where a strong bond is needed, and the substrate can withstand the solvents in the adhesive. Reactive adhesives are used for applications that require a high-strength, durable bond.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Adhesive Equipment Market Equipment Type Insights
The Adhesive Equipment Market segmentation by Equipment Type into Dispensing Systems, Application Systems, Curing Systems, and Monitoring and Control Systems offers valuable insights into the industry's dynamics. Dispensing Systems accounted for the largest revenue share in 2023, owing to their widespread use in precision dispensing applications. Application Systems are projected to witness significant growth due to the rising demand for automated adhesive application processes. Curing Systems contribute to market growth by enabling efficient adhesive curing and bonding.
Monitoring and Control Systems play a crucial role in ensuring optimal equipment performance and process control, driving their demand in the industry. With ongoing technological advancements and increasing adoption of adhesives in various end-use sectors, the Equipment Type segment is poised for substantial growth in the coming years.
Adhesive Equipment Market End-Use Industry Insights
The End-Use Industry segment of the Adhesive Equipment Market is diverse, with various industries relying on adhesive equipment for their production processes. The automotive industry is a major consumer of adhesive equipment, with the demand for adhesives in vehicle assembly and manufacturing expected to drive growth in this segment. In 2023, the automotive segment accounted for around USD 4.24 billion in revenue and is projected to reach USD 6.03 billion by 2032. The packaging industry is another significant end-use industry for adhesive equipment.
Adhesives play a crucial role in packaging products, ensuring the integrity and protection of goods during storage and transportation. The growing demand for packaged goods, particularly in the food and beverage industry, is expected to fuel the growth of the adhesive equipment market in this segment. In 2023, the packaging segment accounted for around USD 3.78 billion in revenue and is projected to reach USD 5.34 billion by 2032. The furniture industry also utilizes adhesive equipment extensively. Adhesives are used in furniture assembly, bonding, and lamination processes.
The rising demand for furniture, driven by growing urbanization and disposable incomes, is expected to contribute to the growth of the adhesive equipment market in this segment. In 2023, the furniture segment accounted for around USD 2.91 billion in revenue and is projected to reach USD 4.17 billion by 2032. The medical industry is another important end-use industry for adhesive equipment. Adhesives are used in various medical applications, such as wound care, surgical procedures, and medical device manufacturing. The growing demand for medical adhesives, driven by advancements in healthcare technology and the increasing prevalence of chronic diseases, is expected to drive the growth of the adhesive equipment market in this segment.
In 2023, the medical segment accounted for around USD 2.67 billion in revenue and is projected to reach USD 3.81 billion by 2032. The construction industry is a major end-user of adhesive equipment, with adhesives used in various applications such as bonding, sealing, and insulation. The growing demand for construction activities, particularly in developing regions, is expected to drive the growth of the adhesive equipment market in this segment. In 2023, the construction segment accounted for around USD 3.42 billion in revenue and is projected to reach USD 4.89 billion by 2032.
Adhesive Equipment Market Application Method Insights
The Application Method segment of the Adhesive Equipment Market is segmented into Spraying, Beading, Rolling, Brushing, and Jetting. Spraying is expected to hold the largest market share in 2023, followed by Beading, Rolling, Brushing, and Jetting. The Spraying segment of the Adhesive Equipment Market is expected to grow at a CAGR of 4.5% from 2023 to 2032, owing to the increasing demand for high-precision and efficient adhesive application in various industries. The Beading segment of the Adhesive Equipment Market is expected to grow at a CAGR of 4.2% from 2023 to 2032, owing to the rising consumption of adhesives in the packaging industry.
The Rolling segment of the Adhesive Equipment Market is expected to grow at a CAGR of 4.1% from 2023 to 2032, owing to the increasing demand for adhesive equipment in the construction industry. The Brushing segment of the Adhesive Equipment Market is expected to grow at a CAGR of 4.0% from 2023 to 2032, owing to the increasing demand for adhesive equipment in the automotive industry. The Jetting segment of the Adhesive Equipment Market is expected to grow at a CAGR of 3.9% from 2023 to 2032, owing to the increasing demand for adhesive equipment in the electronics industry.
Adhesive Equipment Market Regional Insights
The Adhesive Equipment Market is segmented into North America, Europe, APAC, South America, and MEA. Among these regions, North America held the largest market share in 2023. The region is expected to maintain its dominance throughout the forecast period due to the presence of a large number of adhesive equipment manufacturers, end-use industries, and favorable government regulations. Europe is the second-largest market for adhesive equipment, followed by APAC. The APAC region is expected to witness significant growth in the coming years due to the increasing demand for adhesives in various end-use industries, such as packaging, construction, and automotive.
MEA is the smallest market for adhesive equipment, but it is expected to grow at a steady pace during the forecast period. Here are some key insights into the regional segmentation of the Adhesive Equipment Market: North America is the largest market for adhesive equipment, with a market value of USD 7.8 billion in 2023. The region is expected to reach a market value of USD 8.1 billion by 2032, growing at a CAGR of 4.2% during the forecast period. APAC is the third-largest market for adhesive equipment, with a market value of USD 4.5 billion in 2023.
The region is expected to reach a market value of USD 6.7 billion by 2032, growing at a CAGR of 4.5% during the forecast period. South America is the fourth-largest market for adhesive equipment, with a market value of USD 1.2 billion in 2023. The region is expected to reach a market value of USD 1.8 billion by 2032, growing at a CAGR of 4.4% during the forecast period. MEA is the fifth-largest market for adhesive equipment, with a market value of USD 1.1 billion in 2023. The region is expected to reach a market value of USD 1.6 billion by 2032, growing at a CAGR of 4.3% during the forecast period.
Source: Primary Research, Secondary Research, MRFR Database and Analyst Review
Adhesive Equipment Market Key Players and Competitive Insights
Major players in the Adhesive Equipment Market industry are constantly striving to gain a competitive edge by developing innovative products and solutions. Leading Adhesive Equipment Market players are focusing on expanding their footprint, investing in research and development, and forming strategic partnerships to drive Adhesive Equipment Market development. The Adhesive Equipment Market Competitive Landscape is highly fragmented, with a number of key players holding a significant market share. These companies are continually striving to differentiate themselves through product innovation, strategic acquisitions, and geographic expansion.
Nordson Corporation is a leading Adhesive Equipment Market provider that offers a wide range of products and services for the application of adhesives, coatings, and sealants. The company's Adhesive Equipment Market offerings include a variety of dispensing systems, applicators, and controls. Nordson Corporation has a presence with manufacturing facilities in the United States, Europe, Asia, and South America. The company's Adhesive Equipment Market products are used in a wide range of industries, including packaging, electronics, automotive, and medical.
3M Company is another major Adhesive Equipment Market player that offers a wide range of products and services for the application of adhesives, tapes, and other bonding solutions. The company's Adhesive Equipment Market offerings include a variety of dispensing systems, applicators, and dispensing valves. 3M Company has a presence with manufacturing facilities in the United States, Europe, Asia, and South America. The company's Adhesive Equipment Market products are used in a wide range of industries, including packaging, electronics, automotive, and medical.
Key Companies in the Adhesive Equipment Market Include
- ITW
- Graco In
- Nordson Corporation
- Sulzer Mixpac AG
- Admix Inc.
- Omega Equipment
- Shurtape Technologies
- Sealant Equipment Engineering
- Henkel AG Co. KGaA
- Robatech AG
- Scaglia Indutex
- Ellsworth Adhesives
- 3M Company
- Sika AG
- B. Bohle Maschinen + Verfahren GmbH
Adhesive Equipment Market Industry Developments
The Adhesive Equipment Market is experiencing steady growth, driven by increasing demand for adhesives in various industries, including packaging, construction, and automotive. Technological advancements, such as the development of hot melt adhesives and UV-curable adhesives, are also contributing to the market's expansion. The market is expected to reach a valuation of USD 29.7 billion by 2032, growing at a CAGR of 4.39% from 2024 to 2032. Key market trends include the rising adoption of automation in adhesive dispensing processes and the growing popularity of environmentally friendly adhesives. Recent news developments include the launch of new adhesive dispensing systems by major manufacturers and the acquisition of smaller companies by larger players to expand their product portfolios.
Adhesive Equipment Market Segmentation Insights
Adhesive Equipment Market Adhesive Type Outlook
- Hot Melt Adhesives
- Pressure-Sensitive Adhesives
- Water-Based Adhesives
- Solvent-Based Adhesives
- Reactive Adhesives
Adhesive Equipment Market Equipment Type Outlook
- Dispensing Systems
- Application Systems
- Curing Systems
- Monitoring and Control Systems
Adhesive Equipment Market End-Use Industry Outlook
- Automotive
- Packaging
- Furniture
- Medical
- Construction
Adhesive Equipment Market Application Method Outlook
- Spraying
- Beading
- Rolling
- Brushing
- Jetting
Adhesive Equipment Market Regional Outlook
- North America
- Europe
- South America
- Asia Pacific
- Middle East and Africa
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Report Attribute/Metric
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Details
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Market Size 2022
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19.32(USD Billion)
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Market Size 2023
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20.16(USD Billion)
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Market Size 2032
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29.7(USD Billion)
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Compound Annual Growth Rate (CAGR)
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4.39% (2024 - 2032)
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Report Coverage
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Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
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Base Year
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2023
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Market Forecast Period
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2024 - 2032
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Historical Data
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2019 - 2023
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Market Forecast Units
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USD Billion
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Key Companies Profiled
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ITW, Graco In, Nordson Corporation, Sulzer Mixpac AG, Admix Inc., Omega Equipment, Shurtape Technologies, Sealant Equipment Engineering, Henkel AG Co. KGaA, Robatech AG, Scaglia Indutex, Ellsworth Adhesives, 3M Company, Sika AG, L.B. Bohle Maschinen + Verfahren GmbH
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Segments Covered
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Adhesive Type, Equipment Type, End-Use Industry, Application Method, Regional
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Key Market Opportunities
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Rising demand from packaging industry growth in the electronics sector adhesive equipment automation advancements in adhesive technology increasing use in automotive and construction
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Key Market Dynamics
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Increasing demand for automation Growing packaging and converting industry Rising disposable income Technological advancements Growing construction sector
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Countries Covered
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North America, Europe, APAC, South America, MEA
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Frequently Asked Questions (FAQ) :
The Adhesive Equipment Market is anticipated to attain an overall valuation of 20.16 Billion USD in 2023.
By 2032, the Adhesive Equipment Market is expected to reach an overall valuation of 29.7 Billion USD.
The Adhesive Equipment Market is projected to exhibit a steady Compound Annual Growth Rate (CAGR) of 4.39% during the period from 2023 to 2032.
Adhesive Equipment finds diverse applications across a range of industries, including packaging, automotive, construction, woodworking, paper converting, and consumer products.
Some of the prominent players in the Adhesive Equipment Market include 3M, Henkel, Graco, Nordson Corporation, ITW, and Sulzer Mixpac.
Factors such as increasing demand for adhesives in packaging, construction, and automotive industries, technological advancements in adhesive dispensing equipment, and growing emphasis on automation are driving the growth of the Adhesive Equipment Market.
The Adhesive Equipment Market faces challenges such as fluctuations in raw material prices, intense competition, and stringent environmental regulations.
North America region is anticipated to hold the largest market share in the Adhesive Equipment Market due to rapid industrialization and growing demand for adhesives in various industries.
The Adhesive Equipment Market in the Asia-Pacific region is projected to grow at a CAGR of approximately 5.2% during the forecast period.
Emerging trends in the Adhesive Equipment Market include the adoption of Industry 4.0 technologies, sustainable and eco-friendly adhesive dispensing solutions, and the growing use of robotics in adhesive application processes.
