Adhesives are the substance formed by the mixture of two or more liquid or semi-liquid materials joined permanently to surfaces with the help of equipment. Adhesive application involves several processes including mixing, dispensing, melting and bonding. Thus to carry-out such processes different types of the adhesive equipment are used. The equipment includes an automated electric gun, adhesive controllers, two-part volumetric dispensing meter mix, industrial hot melt equipment and cold glue applicator.
Increasing application in packaging and DHP industries is expected to drive growth over the forecast period. Rising demand for intermittent adhesive dispensing to lower costs and product wastage is also expected to shape up the industry. Increased regulatory pressure on companies by agencies such as the U.S. EPA and the REACH has led to the development of bio-based hot-melt adhesives. Major producers such as Dow, Henkel, and Nordson have invested in developing bio-based counterparts and dispensing equipment. These innovations are expected to present several lucrative opportunities for market growth over the forecast period. Nordson Corporation, a major equipment manufacturer, has successfully developed low-cost, intermittent adhesive dispensing equipment, and the company claims to reduce hot-melt usage by an average of 28% in packaging applications.
Market Dynamics
Drivers
- Rising consumption of adhesives in construction, automotive, textiles, footwear, electronics and other end use industries around the globe
- Growing demand of the packaging industry with surge in E-commerce sale of the consumers goods
Restraints
- Stringent environmental regulations regarding VOC emissions
Market Segmentation
Adhesive controllers are expected to emerge as the fastest-growing product segment growing at a CAGR of over 7.45% from 2020 to 2027. Adhesive controllers are used to regulating patterns, viscosity, and flow contributing to an aesthetic appeal in numerous industrial applications. The segment is expected to witness high demand on account of increasing awareness regarding adhesive conservation leading to intermittent bead application. A pattern controller automatically tells the adhesive system to apply the same adhesive in the same pattern without needing manual intervention. Triggered by an electronic signal, the pattern controller can be used with hot melt or water-based adhesive equipment to actuate automatic glue guns.
The hot melt adhesive pattern controller is one component of an adhesive application system consisting of a hot-melt unit, cold glue pressure vessel or cold glue pump, adhesive hoses and applicator heads. The controller can be used for hot melt or cold glue application. The pattern controller activates solenoids for the applicator heads in order to create individual adhesive patterns. Adhesive controllers segment is likely to reach USD 468.98 million in 2027, from its recorded value of USD 289.63 million in 2019. Nordson Corporation, ITW Dynatec, Valco Melton and Loctite are some of the key players offering adhesive controllers. Nordson’s Eclipse Series EPC-30 adhesive pattern controller produces solid or stitched patterns with accuracy of ±1 mm at line speeds to 300 m/min. It controls up to 4 outputs simultaneously, with each output capable of rendering 24 beads. Loctite EQ RC15 Pump Controller is a controller for adhesive application systems. Loctite 97102- Semi-automatic controller for adhesive application systems has been designed for precision programming of dispense time and dispense pressure setting.
Geographical Analysis
Europe adhesive equipment market was valued USD 433.88 million in 2019, and is likely to reach USD 580.00 million in 2027, growing with a CAGR of 4.92% during the forecast period. Germany is expected to hold the highest market revenue of 26% in the Europe adhesive equipment market. Germany has the largest construction industry in Europe. The construction industry in the country has been growing at a slow pace, which is majorly driven by the increasing new residential construction activities.
According to the industry experts, the completion of construction of new houses is estimated to be around 315,000 in 2019, which is higher when compared to total completions in 2018, which was 300,000. The increasing migration to the country has been stimulating the demand for new residential construction. In addition, during 2019, the domestic construction sector recorded a robust growth of about 9%, in terms of revenue. The trend was predicted to remain the same for the next two years at the half stage of 2019, due to the expected impact of growth in residential construction and public investment. Moreover, about 3.6 million migrants were expected to arrive in Germany, by the end of 2020, which may require at least 350,000 new dwellings per year.
This was expected to boost the residential construction sector, which further drives the demand for adhesive equipment in the building and construction sector. Moreover, the non-residential and commercial buildings in the country are expected to witness significant growth prospects, in the coming years. The growth is supported by lower interest rates, increase in real disposable incomes, and numerous investments by the European Union and the German government.
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