Adhesive Equipment Market Size Worth $49.94 Billion By 2030 | CAGR: 5.6%

The global adhesive equipment market size is expected to reach USD 49.94 billion by 2030, according to a new study by Polaris Market Research. The report “Adhesive Equipment Market Share, Size, Trends, Industry Analysis Report, By Distribution Channel (Supermarket & Hypermarket, Retail Stores, Online Stores); By Product; By Application; By Region; Segment Forecast, 2022 - 2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.

The increased use of these materials from food and beverages, electronics, medicines, and fast-moving consumer goods (FMCG) for various uses with growing online shopping by the e-commerce websites around the globe. In the textile business, adhesion devices such as applicators, thermal paste dispensers, glue containers, and automatic guns commonly adhere to materials.

Due to a spike in Asia-Pacific population demand, demand for textiles, footwear, and clothing is expanding at a quick rate, driving the growth. For example, India is the 2nd largest textile manufacturer among South Asian nations. According to the India Brand Equity Foundation Organization (IBEF), India's total textiles exports reached over US$ 22.95 billion in the first quarter of 2020 and are expected to reach around US$ 82.00 billion by 2021 and US$ 220 billion by 2025. In India, there was a great need for adhesive machinery as a result.

Other factors expected to drive the growth include rising industrialization, supportive government initiatives in different countries to endorse the packaging sector, growing industrial spending to renovate and redevelop current facilities, and the thriving automotive and consumer electronics industries.

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Furthermore, the major players are concentrating on producing novel and environmentally-friendly machines, such as bio-based hot melt materials, which do not rely on fossil fuel-based components. For instance, in September 2020, Toyochem introduced bio-degradable PSAs. These products have good performance, are easy to convert, and are temperature resistant. These advancements are assisting the industry's expansion.

Adhesive Equipment Market Report Highlights

• The construction segment is anticipated to witness significant growth over the forecast period owing to the rising building & construction activities across the emerging and developing economies
• Industrial hot melt accounted for a substantial revenue share which is accelerated by the benefits, including increased productivity due to automated processes, a wide range of applicability, environmental friendliness, and the ability to re-adhesion
• Building & construction sector is expected to hold a significant revenue share over the forecast period because of the growing demand for safe, sustainable structures and a healthy urban environment due to the ever-increasing urban population. It is possible to employ the equipment to withstand mechanical and environmental stress.
• North America is expected to grow at a CAGR of 5.5% over the projected period. Automakers worldwide intend to establish auto spare components manufacturing units in the U.S. and Canada, boosting demand for the equipment.
• The global industry is highly competitive owing to the existence of significant players with a worldwide presence, including 3M Company, Adhesive Packaging, LLC, Atlas Copco Group, Dymax Corporation, and Glue Machinery Corporation

Polaris Market Research has segmented the adhesive equipment market report based on product, distribution channel, application, and region:

Adhesive Equipment, Product Outlook (Revenue - USD Billion, 2018 - 2030)

• Industrial Hot Melt
• Controllers
• Cold Glue Applicators
• Pneumatic Applicators
• Pumping Systems
• Application Guns
• Others

Adhesive Equipment, Application Outlook (Revenue - USD Billion, 2018 - 2030)

• Packaging
• Construction
• Lamination
• Disposable Hygiene Products (DHP)
• Technical Textiles
• Others

Adhesive Equipment, Distribution Channel Outlook (Revenue - USD Billion, 2018 - 2030)

• Supermarket and Hypermarket
• Retail Stores
• Online Stores
• Others

Adhesive Equipment, Regional Outlook (Revenue - USD Billion, 2018 - 2030)

• North America
  • U.S
  • Canada
• Europe
  • Germany
  • UK
  • France
  • Italy
  • Spain
  • Russia
  • Netherlands
• Asia Pacific
  • China
  • India
  • Japan
  • South Korea
  • Indonesia
  • Malaysia
• Latin America
  • Argentina
  • Brazil
  • Mexico
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Israel
  • South Africa