Infinium Global Research’s recent report on the “Global Adhesives Equipment Market ((By Product Type (Adhesive Application Guns, Adhesive Pumping Systems, Adhesive Controllers, Cold Glue Applicators, Industrial Hot Melt, and Pneumatic Adhesive Applicators), By Application (Building & Construction, Disposable Hygiene Products, Lamination, Paper & Packaging, Transportation, Woodworking, and Others)) Global Industry Analysis, Trends, Market Size & Forecasts to 2028” provides a comprehensive outline of the factors responsible for the growth of the market. The Global Adhesives Equipment Market was valued at around USD over 40 Billion in 2022 and is expected to reach nearly USD 60 Billion in 2028, with a CAGR of about 6% during the forecast period.

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Increasing Research and Development by Major Companies to Develop Eco-Friendly and Sustainable Packing will Create Growth Opportunities

Growing initiatives by various companies and countries to develop the packaging sector, flourishing consumer electronics, and automotive sector will increase the demand for the equipment. Moreover, increasing spending on construction activities to renovate and refurbish old infrastructure will majorly enhance the market growth during the forecast period. Increasing research and development by major companies to develop eco-friendly and sustainable packing will create growth opportunities for the market. Growing safety concerns, and rising demand from the Paper & Packaging, Pharmaceutical, and Electronics Industry is highly propelling the demand for the equipment during the forecast period.

The outbreak of covid-19 had negative effects on the Adhesives Equipment Market during the forecast period. A decrease in the operation of the Paper & Packaging industry majorly affected the market growth during the pandemic period. As the consumers were more health-conscious and decreased purchasing power due to economic problems and to prevent the spread of the virus the growth of the market was hampered. Moreover, the trade restrictions imposed by various governments act as a restraining factor due to stoppage in the manufacturing of the various companies.

The Building & Construction Segment is Expected to Dominate the Market

The Global Adhesives Equipment Market is bifurcated By Product Type, and Application Industry. By Application, the segment is further bifurcated into Building & Construction, Disposable Hygiene Products, Lamination, Paper & Packaging, Transportation, Woodworking, and Others. The Building & Construction segment is anticipated to dominate the market growth during the forecast period. Because of the growing building construction activity and the production of durable goods such as appliances, machinery, furniture, and more. Funds are anticipated to be focused on investments in transportation, water, energy and telecommunications. These programs would have a straight influence on the chemicals sector, predominantly the Adhesives divisions involved in the bonding layer for floor fixing between the existing floor and the substrate applications. These factors influence the growth of the segment during the forecast period.

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The Asia Pacific Region is to be Expected the Fastest-growing Region in Global Adhesives Equipment Market

The Global Adhesives Equipment Market is segmented into the Asia Pacific, North America, Europe, the Middle East & Africa, and South America. The Asia Pacific dominates the global Adhesives Equipment Market owing to the booming construction sector in this region. The rapidly thriving consumer electronics and automotive sectors of India and China will further influence the demand for the equipment industry in the Asia-Pacific region. Various worldwide manufacturers are expanding their business in the Asia-Pacific region. The companies are specifically expanding their business operations and new plants in developing countries such as India and China. For example, in June 2019, Graco Inc. a manufacturer of adhesive equipment, opened its headquarters in the Asia Pacific, in Shanghai China.

Key Players Focus to Increase the Production Capacity by Collaborating with other Companies

The Global Adhesives Equipment Market is intensely competitive with several multinational and local players. The major players are 3M Company, Valco Melton, Graco Inc, Henkel, Dymax Corporation, ITW Dynastic, Adhesive Dispensing Limited, Nordson Corporation, Robatech, Ashland Inc., and several others are constantly focusing on developing products to gain a competitive edge in the market. The companies are applying various market strategies to sustain in the market such as acquisitions, and new product launches during the forecast period.

For instance, in January 2020, DAP reformulated and created a new edition of its DynaGrip Heavy Duty construction adhesive, which is designed to provide stronger and more durable bonds than previous editions of the product, as well as 50% more instant grab. Infinium Global Research’s recent report on the Global Adhesives Equipment Market is an encompassment of such recent developments in the marketplace. The report delivers insights into the recent developments by leading players that have contributed to the growth of the Global Adhesives Equipment Market and also estimates the impact of recent developments in the market.

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Reasons to Buy this Report:

=> Comprehensive analysis of global as well as regional markets of the Adhesives Equipment.

=> Complete coverage of all the product types and applications segments to analyze the trends, developments, and forecast of market size up to 2028.

=> Comprehensive analysis of the companies operating in this market. The company profile includes an analysis of the product portfolio, revenue, SWOT analysis, and the latest developments of the company.

=> Infinium Global Research- Growth Matrix presents an analysis of the product segments and geographies that market players should focus on to invest, consolidate, expand and/or diversify.