At a CAGR of 6.6%, Global Adhesive Equipment Market Expected to Hold a High Potential for Growth during near future

The global adhesive equipment market is foretold to grow substantially at a CAGR of 6.6% between 2015 to 2022 and is expected to reach an estimated value of USD 42.06 bn as against the valuation of USD 26.93bn in 2014.

The soaring industrialization across the globe is anticipated to drive the global adhesive equipment during the forecast period.

Researchmoz sheds some light on the market forces including drivers, restraints, opportunities, market size, trends, and competitive topography.

Factors Driving and Restraining the Market

The Factors That Act As Determinants of Growth for the Global Adhesive Equipment during the Forecast Years Include-

• Growing demand from various industries such as textiles, footwear, packaging, construction, and automotive is anticipated to expand the global adhesive equipment market in the coming years.

• Government initiatives to promote sustainable packaging is predicted to boost the global adhesive equipment market to grow during the forecast period.

• Cost-effectiveness, versatility, and quicker drying times are some of the advantages of adhesive which are expected to pave the way for the adhesive equipment market to swell up in the following years.

• Further, rising awareness of sustainable and cost-effective adhesive is anticipated to bolster sales in the global adhesive equipment market.

• The footwear manufacturers use these adhesives for the making of strong and waterproof shoes, thus leading to the expansion of the global adhesive equipment market.

• The increasing demand for hygiene products such as sanitary napkins, baby wipes, adult diapers, etc. is expected to further augment the growth in the global adhesive equipment market during the forecast period.

• The surge in demand for consumer electronics is anticipated to drive the global adhesive equipment to swell up in the next few years.

There are numerous factors that boost the growth of the global adhesive equipment market, however, there are certain challenges that the market might have to witness during the forecast period.

• Lack of customization as per the consumer demand is anticipated to impede the expansion of the global adhesive equipment market in the following years.

Despite that, the increasing demand for medical disposable products is likely to nudge the growth in the global adhesive equipment market during the forecast period.

Analyst’s View

The global adhesive equipment market is expected to witness significant growth in the following years, thanks to intense industrialization across the globe.

The growing geriatric population is predicted to boost the sales of the adhesive, owing to its applications in adult diapers for incontinence.

The modern lifestyle and rapid urbanization are expected to increase the demand for packaged food and beverages, thus allowing the adhesive equipment market to bloom in the forecast years.

The packaging segment is anticipated to thrive in the global adhesive equipment market in the coming years.

The Asia Pacific has been holding a major share in the global adhesive equipment market and is further expected to dominate in terms of regional presence. The huge demand in the region is sector is expected to come from the various sectors such as packaging, automotive, medical, and construction.

Competitive Landscape

The global adhesive equipment market is fragmented and witnesses a cut-throat competition due to the involvement of many prominent players in the market, internationally and domestically.

Following are the major players in the global adhesive equipment market –

• Adhesive Dispensing Limited
• Robatech
• Adhesive & Equipment, Inc
• Henkel
• Nordson Corporation
• Dymax Corporation
• 3M Company
• Dymax Corporation

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