Fluid Dispensing Equipment Market Forecasts to 2028 – Global Analysis By Product (Lubricant, Conformal Coatings, Flux, Adhesives, Solder Paste, Dispensers, Sealants and Other Products), Application (Bonding, Lubricating, Filling, Sealing and Other Applications), End User (Medical Devices, Electronics, Construction, Transportation, Hospitals and Other End Users) and By Geography
According to Stratistics MRC, the Global Fluid Dispensing Equipment Market is accounted for $32.06 billion in 2022 and is expected to reach $49.21 billion by 2028 growing at a CAGR of 7.4% during the forecast period. Fluid dispensing equipment is a product which finds application in monitoring and dispensing of liquids and gaseous fluids. This equipment is available in various complexity levels such as simple manual systems as well as sophisticated and automated robotic systems with different sizes and shapes. It used in a wide range of end-user industries such as automotive, medical, food and beverages, and electronics. There are various types of fluids dispensed such as fluids with high viscosity and fluids with Newtonian viscosity. It offers various applications such as filling, bonding, sealing, and lubricating.
Market Dynamics:
Driver:
Increasing urbanization & industrialization
Rapidly rising industrialization and the upsurge in disposable income and increasing urbanization are increasing the demand for the dispensing equipments. The increasing awareness in consumers made them to adopt the efficient and accurate systems for quick functioning. It decreases the material wastage will have positive impact on the growth rate of fluid dispensing equipment market.
Restraint:
Lack of skilled workers
The Fluid Dispensing Equipment must be operated by skilled and professional workers. When the operators are not aware of the functions it result in reliability and quality control problems including variations in viscosity, waste of the material and changes in homogeneity. These conditions challenge the accuracy and repeatability of fluid dispensing systems which therefore hinders the growth of the market.
Opportunity:
Technological advancements
Rapidly increasing number of construction activities and technological advancements are creating beneficial opportunities. Automated machines are introduced which does smart work in less time. It enables quick access of work. Rise in the use of automated machinery for masonry, precast and prefabrication processes and untapped potential are providing lucrative opportunities for the market’s growth.
Threat:
High cost of production
The high cost of production and labor is hampering the growth of the fluid dispensing equipment market. It is reducing the use of pneumatics in fluid dispensing. They are extremely expensive to run due to the cost of running air compressor and the ongoing maintenance fees. The system commits unrealized losses throughout the duration of the program which is minimizing the profits of the market.
Covid-19 Impact
The COVID-19 pandemic impacted the automated fluid dispensing system market and caused a decline in the market growth. Robust changes are brought in by the pandemic in the fluid dispensing equipment supply chain. The Fluid Dispensing Equipment industry players became more vigilant and forward-looking with the risks of stagflation envisaging numerous market scenarios. In the post pandemic, the market quickly expanded to meet a 180% increase in production volume per month.
The dispensers segment is expected to be the largest during the forecast period
The dispensers segment is estimated to have a lucrative growth, due to rise in electronic components manufacturing. The application of fluids such as lubricants, adhesives, sealants, under fill, solders paste, coatings and flux had increased rapidly. The level of usage of the equipment designated to the particular fluid is highly dependent on the end-use. These dispensers have great scope in automotive & electronic components manufacturing which are fueling the market.
The adhesives segment is expected to have the highest CAGR during the forecast period
The adhesives segment is anticipated to witness the fastest CAGR growth during the forecast period, due to growing automotive and electronics production. It generates nearly one-third of the overall revenue in the market. It provides a wide range of equipment options for dispensing almost all assembly fluids - from watery liquids, solvents and primers. Its precision and accuracy ability is witnessing huge growth in the market.
Region with highest share:
Europe is projected to hold the largest market share during the forecast period owing to its advanced technology. This region is characterized by the presence of multinational dispensing equipment suppliers and is expected to grow at a moderate pace due to a weaker macroeconomic environment and high maturity of the industry. The industrial output and growing investments in manufacturing sector in this region are driving the market growth.
Region with highest CAGR:
Asia Pacific is projected to have the highest CAGR over the forecast period, owing to the rapid expansion of the healthcare industry. Soaring demand for medical and surgical equipment and many new hospital, medical & dental service projects have also fostered regional growth. Introducing ground-breaking designs by the multinational players are anticipated to have a lucrative growth.
Key players in the market
Some of the key players profiled in the Fluid Dispensing Equipment Market include Nordson Corporation, Musashi Engineering Inc, Speedline Technologies, Protec Co. Ltd, Fisnar Inc, Asymtek, GPD Global Inc, Henkel AG & Co, AdvanJet, Intertronics, Valco Melton Inc, Techcon Systems, Henline Adhesive Equipment Corporation, ITW Dynatec, Dymax Corporation, Sulzer Mixpac Ltd, Adhesive Dispensing Ltd, Graco Inc, IVEK Corporation, Hernon Manufacturing, Dover Corporation, Fishman Corporation.
Key Developments:
In November 2022, Techcon, part of OK International and Dover (NYSE: DOV), and a leader in precision fluid dispensing technologies, announced the launch of the new TS8200D Series Micro-Meter Mix Dispensing System, a precision volumetric mixing and dispensing system for two-component adhesives, such as epoxies, reactive acrylics, or polyurethanes.
In June 2022, Dymax proudly welcomes its newest sales partner, Quantum Systems, to their growing list of business partnerships. Quantum will act as a conduit between Dymax and key customers. It develops company’s adhesives, coatings, and dispenser equipment with a highly specialized team of professionals with extensive experience in marketing and business development.
Products Covered:
• Lubricant
• Conformal Coatings
• Flux
• Adhesives
• Solder Paste
• Dispensers
• Sealants
• Other Products
Applications Covered:
• Medical Devices
• Bonding
• Lubricating
• Filling
• Sealing
• Other Applications
End Users Covered:
• Medical Devices
• Electronics
• Construction
• Transportation
• Hospitals
• Other End Users
Regions Covered:
• North America
US
Canada
Mexico
• Europe
Germany
UK
Italy
France
Spain
Rest of Europe
• Asia Pacific
Japan
China
India
Australia
New Zealand
South Korea
Rest of Asia Pacific
• South America
Argentina
Brazil
Chile
Rest of South America
• Middle East & Africa
Saudi Arabia
UAE
Qatar
South Africa
Rest of Middle East & Africa
What our report offers:
- Market share assessments for the regional and country-level segments
- Strategic recommendations for the new entrants
- Covers Market data for the years 2020, 2021, 2022, 2025, and 2028
- Market Trends (Drivers, Constraints, Opportunities, Threats, Challenges, Investment Opportunities, and recommendations)
- Strategic recommendations in key business segments based on the market estimations
- Competitive landscaping mapping the key common trends
- Company profiling with detailed strategies, financials, and recent developments
- Supply chain trends mapping the latest technological advancements
Learn how to effectively navigate the market research process to help guide your organization on the journey to success.
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