Adhesive Equipment Market Size, Share & Trends Analysis Report By Product (Industrial Hot Melt, Adhesive Controllers, Adhesive Pumping Systems, Application Guns), By Application (Packaging,Construction, Lamination), By Region, And Segment Forecasts, 2024

Adhesive Equipment Market Size, Share & Trends Analysis Report By Product (Industrial Hot Melt, Adhesive Controllers, Adhesive Pumping Systems, Application Guns), By Application (Packaging,Construction, Lamination), By Region, And Segment Forecasts, 2024 - 2030

Adhesive Equipment Market Growth & Trends

The global adhesive equipment market size is expected to reach USD 48.88 billion by 2030, expanding at a CAGR of 5.7% from 2024 to 2030, according to a new report by Grand View Research, Inc.. Increasing adhesives demand from end-use industries such as construction, automotive, textiles and footwear is expected to remain a key driving factor for global adhesive equipment market. High industrialization rates coupled with government initiatives to promote packaging sector in emerging markets of Asia Pacific and Latin America are expected to drive adhesive equipment demand. Bio-based adhesives development is also expected to strengthen industry growth as varying product specifications and associated technological developments constantly drive competition among companies.

The industrial hot melt segment led the market with the largest revenue share of 36.3% in 2023, owing to increasing demand for efficient and versatile bonding solutions across diverse industries. Growing demand for hot melt adhesives owing to their unique product characteristics such as low costs, quick drying time and versatility are expected to drive this segment. Rising awareness regarding sustainable adhesive consumption is expected to foster high market growth for intermittent application devices such as adhesive controllers.

Adhesive Equipment Market Report Highlights

• Global adhesive equipment market was valued at USD 33.41 billion in 2023 and is expected to grow at a CAGR of 5.7% from 2024 to 2030.
• Growth of the packaging industry particularly in BRICS economies is expected to drive this segment over the forecast period. Disposable hygiene products is also expected to witness significant gains in its market size on account of growing incontinence and baby diapers demand across the globe.
• North America dominated the adhesive equipment market with the revenue share of 16.9% in 2023. The increasing demand for adhesives in various industries, such as technical textiles, construction, and packaging, is expected to drive the demand for the market.
• Global adhesive equipment market is fragmented with the presence of both large multinational corporations and domestic producers. Some key companies operating in the global market include Henkel, Nordson Corporation, Graco, Valco Melton, Dymax Corporation, and Robatech.

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