Industrialization in emerging markets of Latin America and Asia Pacific is presumed to drive the global adhesive equipment market over the next seven years. Owing to myriad adhesive usage across multiple industries, adhesive equipment market is touted to experience a bright future. Industrial hot melt adhesive equipment, adhesive controllers, cold glue applicator, pneumatic adhesive applicator, adhesive pumping systems and adhesive application guns are few equipment types that are widely used based on industrial requirements. Different adhesive applications such as stenciling and syringing require different application methods and equipments.
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Pressure sensitive products dominated the adhesive equipment market, followed by packaging and construction. Robust demand from the end-use industries is expected to compliment the global adhesive equipment over the forecast period. Stringent regulations from agencies such as Environment Protection Agency (EPA) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) are touted to significantly influence the global market. Such regulations have shifted the trend towards the more environment friendly hot melt adhesive, thereby aiding the hot melt adhesive equipment market in turn.
Rapidly changing customer preferences regarding adhesive properties leads to constantly changing adhesive equipment specifications. Such a trend is cost intensive and is anticipated to hamper the global market. Cost intensiveness is slated to ward off the new entrants and hinder market development. R&D initiatives to develop adhesive equipment with superior characteristics offer ample opportunities for the industry participants. Strong economy and rapid industrialization in the emerging regions such as Asia Pacific and Latin America offer abundant opportunities for market development.
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Asia Pacific dominated the adhesive equipment market followed by North America and Europe. Emerging economies such as China, India and Japan dominated the regional market owing to the brisk industry growth, especially in automobiles, construction and packaging. Prior to Asia Pacific’s dominance, Europe led the global market until economic recession dampened the growth rate in Europe and North America. However, these regions are presumed to witness moderate growth in the near future. Central and South America currently occupies a minor market share but is projected to experience rapid growth rate over the forecast period owing to speedy end-use industry growth.
Industry participants are forging alliances with an aim to diversify their product portfolio and gain a foothold in the growing emerging markets. Technological prowess, financial strength and R&D capabilities characterize the partnerships in the industry. Key industry participants include Glue Machinery Corporation, Henkel, Adhesive & Equipments Inc., Dymax, Gluefast, Nordson Sealant Equipments, Valco Melton and Henline Adhesive Equipment Co.
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