The Adhesives and Adhesive-Applying Equipment Market was valued at USD 2024 in 72.1 Billion, and is expected to reach USD 2029 by 89.9 Billion, rising at a CAGR of 4.50%.
Report Scope
Adhesives and adhesive-applying equipment industries are vital in the ever-changing global economy, providing binding solutions for complex productions in numerous sectors. The function of adhesives and their associated equipment and machinery is to enhance the bonding of the substrates, giving them durability, strength and the ability to meet the requirements in different applications. The effective operation of adhesive equipment ensures consistency, precision and minimal wastage in the substrate surface bonding. Adhesive equipment therefore improves the end user’s cost-effectiveness and assists in providing new opportunities in the adhesive market.
For this analysis, the global markets for adhesives and adhesive-applying equipment were segmented into:
Adhesives: By curing technique (e.g., physically hardening, chemically curing, pressure sensitive); by technology (e.g., hot-melt adhesives, solvent-based adhesives, water-based adhesives, reactive adhesives); by chemicals (e.g., acrylic, cyanoacrylate, epoxy, polyurethane, silicone); by end use (e.g., packaging, transportation, building and construction, woodworking, consumer/do-it-yourself [DIY]).
Adhesive-applying equipment: By type (e.g., auxiliary equipment, application process equipment, dispensing equipment, unloading equipment). By end user (e.g., packaging, transportation, building and construction, others).
The auxiliary equipment category is further segmented into robotics and automatic, web-handling, curing and other equipment. The application process equipment category is further segmented into spray, dots and beads, wheel, brush and others. The dispensing equipment category is further segmented into holt-melt/dispense, meter mix and others. The unloading equipment category is further segmented into tubes and cartridges, drums, pails and totes, pallets, slats and bricks;
This report also covers the global adhesives and adhesive-applying equipment market’s current dynamics, the strategies and trends driving the demand for adhesives, the key manufacturers of these products, recent environmental, social and governance (ESG) developments and a competitive landscape in which companies are operating within this market. A brief profile of the major global manufacturers in this market is also provided. The adhesives and adhesive-applying equipment market is also analyzed from international and regional perspectives to understand the industry’s growth potential. The report segments the market by region into North America, Europe, Asia-Pacific and the Rest of the World (RoW).
This report provides market estimates and sizes in terms of value ($ million). Market forecasts are given for 2024 through 2029, with 2023 serving as the base year. Regional-level market sizes with respect to segmentation are also provided.
Report Includes
- 119 data tables and 50 additional tables
- Analyses of the global market trends, with sales data for 2023, estimates for 2024, forecasts for 2025, and projections of compound annual growth rates (CAGRs) through 2029
- Estimates and forecasts for the market size for adhesives and adhesive-applying equipment based on technology, curing technique, chemical, end user and geographical region
- Discussion of the technologies involved in the manufacturing of different types of adhesives, including the value of such products produced and used globally as well as in different regions
- Analysis of the current market trends, and discussion of the technological and regulatory elements affecting the future market
- A discussion of ESG challenges and practices of the industry
- Coverage of mergers and acquisitions, partnerships, collaborations and joint ventures
- Profiles of the leading companies, including Henkel AG & Co. KGaA, H.B. Fuller CO., Dow, Arkema, and Sika AG
Table of Contents
Executive Summary
The continuous worldwide industrial demand recovery after a considerable reduction due to the COVID-19 epidemic and related limitations characterizes the economic climate in which the adhesive technologies industry currently operates. As a result, significant customer industries saw very rapid growth in 2021. The worldwide industrial production index IPX increased noticeably year over year, mostly due to particularly strong growth in the first half of the year. Extremely rapid rises in raw material costs, as well as supply and capacity limitations, had an impact on the second half of the year. In particular, the global shortage of semiconductors led to a sharp fall in vehicle output in the second half of the year.
Due to the increasing demand from the building and construction, packaging, and automotive industries, Asia-Pacific is anticipated to hold the largest market share throughout the projection period. The rising population and increased industrial spending are two reasons that are driving the industry in this area. Population growth is increasing demand for cars, which drives up product demand in the automotive sector. Additionally, the demand for the product is being boosted by the Asia-Pacific region’s fast-expanding development and construction activity.
China consumes most of these materials in the Asia-Pacific, which is also its largest market. The principal countries boosting the development of this regional market are China, Japan, and India. Additionally, Japanese adhesive businesses including 3M Japan Ltd., Alteco Inc., Sika Ltd., and others consistently invest in R&D projects and have greatly influenced this market. In India and China, several manufacturing facilities with increased production capacity are currently being built.
The increased desire for flexible packaging is driving up product demand in North America. The flexible packaging industry has profited from changing customer preferences and a move toward more recyclable items.
Strong end-use industry demand is expected to positively impact the global market for adhesive equipment over the next seven years. Rapid global industrialization has played a critical role in assisting the recent market for adhesives, and this trend is expected to continue shortly. Adhesive equipment used depends on the adhesive types and their application requirements. Cold-glue applicators, industrial hot-melt equipment, pneumatic adhesive applicators, adhesive controllers, hot-melt adhesive melters, mixing sticks, hot-melt roller coaters, adhesive pumping systems, and adhesive application guns are examples of adhesive equipment types.
Adhesive equipment is slated to witness rapid growth over the forecast period due to the vast number of adhesive applications in almost every industry. There are different adhesive application forms such as stenciling and syringing that require different equipment for their applications. Adhesive equipment is used across numerous industries, including pressure-sensitive products, packaging, construction, woodworking, and automotive. Pressure-sensitive products dominated the adhesive equipment market, followed by packaging and construction. Strong growth in adhesive end-use industries is expected to bolster the adhesive equipment market shortly. Regulations favoring adhesive equipment in end-use industries such as automotive, packaging, construction, and woodworking are likely to assist the global market. Constantly changing adhesive properties require different equipment types to cater to these changes. Such specifications are anticipated to negatively hamper the global adhesive equipment market. Changing customer requirements and preferences across diverse industries lead to frequent changes in equipment design. This cost-intensive nature is presumed to hamper the global market. Strong growth in the adhesive end-use industries, especially in the emerging regions, offers abundant opportunities for market participants. R&D initiatives to develop superior adhesive equipment promise ample opportunities for both existing and new industry participants.
Companies Mentioned
- 3M
- ARKEMA
- AVERY DENNISON CORP.
- BASF SE
- DELO INDUSTRIE KLEBSTOFFE GMBH & CO. KGAA
- DOW
- GLUE MACHINERY CORP.
- GRACO INC.
- H.B. FULLER CO.
- HENKEL AG & CO. KGAA
- ITW DYNATEC
- NORDSON CORP.
- ROBATECH AG
- SIKA AG
- VALCO MELTON
- WACKER CHEMIE AG
Table Information
| Report Attribute | Details |
|---|---|
| No. of Pages | 161 |
| Published | December 2024 |
| Forecast Period | 2024 - 2029 |
| Estimated Market Value ( USD | $ 72.1 Billion |
| Forecasted Market Value ( USD | $ 89.9 Billion |
| Compound Annual Growth Rate | 4.5% |
| Regions Covered | Global |
| No. of Companies Mentioned | 16 |
