Industrial Hot-melt Dispensing Equipment Market – Global Market Size, Strategic Growth Drivers, Risk Assessment Framework, Regulatory Landscape Review, Competitive Intensity Mapping & Long-Term Industry Outlook to 2029
Overview
Global Industrial Hot-melt Dispensing Equipment Market size was valued at US$ 8,219.43 Mn. in 2022 and the total revenue is expected to grow at 6.9% through 2023 to 2029, reaching nearly US$ 14,017.27 Mn.
Global Industrial Hot-melt Dispensing Equipment Market Overview:
Portable hot-melt dispensing equipment used to melt tubular shaped thermoplastics into hot melt glue is known as industrial hot-melt dispensing equipment. Glue guns and bench top hot-melt equipment are two forms of industrial hot-melt dispensing equipment. The most often used hot-melt equipment is glue guns. As they are portable, hot-melt equipment melts tubular-shaped thermoplastics into hot-melt adhesive.
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2022 is considered as a base year to forecast the market from 2022 to 2029. 2020’s market size is estimated on real numbers and outputs of the key players and major players across the globe. Past five years trends are considered while forecasting the market through 2029. 2020 is a year of exception and analyzed specially with the impact of lockdown by region.
Global Industrial Hot-melt Dispensing Equipment Market Dynamics:
The factors that drives the growth of the Industrial Hot-melt Dispensing Equipment market are food and beverage industry growth in developing economies, electric hot melt equipment is becoming more widely used in industry such as electronic packaging. In the packaging industry, there is a growing demand for industrial hot-melt dispensing equipment, and there is a growing demand for packaged food products across the globe. Another factor contributing to the growth of the industrial hot melt dispensing equipment market is advancements in pharmaceutical packaging, as well as various regulations around the globe. These are the major factors which drives the growth of the market in the forecast period.
Global Industrial Hot-melt Dispensing Equipment Market Segment Analysis:
Based on the Product Type, the market is segmented into Glue Guns, and Bench top Hot-melt Equipment. Glue Guns segment is expected to holds the largest market share of xx% by 2027. Hot glue guns are small, portable adhesive dispensers that use hot melt adhesives. To melt the adhesive, hot glue guns use continuous heating elements. Industrial hot glue and industrial hot glue guns have numerous advantages over solvent-based adhesives and other fasteners in industrial environments. Industrial hot glue dries rapidly and thoroughly, reducing the time it takes for the product to be ready. These tools are simple to use and extremely successful in immediately forming a strong, long-lasting adhesive bond.
Based on the End-user, the market is segmented by Electronics, Paint & Coating, Packaging, Food & Beverages, Pharmaceutical, and Automotive. Food & Beverages industry is expected to grow rapidly at a CAGR of xx% during the forecast period 2021-2027. The factors that drives the growth of the food & beverages industry are food and beverage industry growth in developing economies, and increasing in the demand for packaged food products across the globe. These are the factors which drives the growth in the global Industrial Hot-melt Dispensing Equipment market in the forecast period.
Global Industrial Hot-melt Dispensing Equipment Market Regional Insights:
Asia Pacific dominates the Global Industrial Hot-melt Dispensing Equipment Market during the forecast period 2023-2029. Asia Pacific is expected to holds the largest market shares of xx% by 2029. The factors that drives the growth of the market is increasing food & beverages and packaging industry. Moreover, rising population in the Asia Pacific region is expected to influence the packaged food industry's growth, which drives the market for industrial hot-melt equipment. These are the major factors that drives the growth of Asia Pacific region.
Due to the adoption of industrial hot-melt dispensing equipment in the paint & coating industry, Europe is expected to hold a significant share of the global industrial hot-melt dispensing equipment market. As a result, the market's growth is expected to increase.
The objective of the report is to present a comprehensive analysis of the global Industrial Hot-melt Dispensing Equipment Market to the stakeholders in the industry. The past and current status of the industry with the forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that include market leaders, followers, and new entrants.
PORTER, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analyzed, which will give a clear futuristic view of the industry to the decision-makers.
The reports also helps in understanding the global Industrial Hot-melt Dispensing Equipment Market dynamic, structure by analyzing the market segments and project the global Industrial Hot-melt Dispensing Equipment Market size. Clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the global Industrial Hot-melt Dispensing Equipment Market make the report investor’s guide.
Global Industrial Hot-melt Dispensing Equipment Market Scope: Inquire before buying
| Industrial Hot-melt Dispensing Equipment Market | |||
|---|---|---|---|
| Report Coverage | Details | ||
| Base Year: | 2022 | Forecast Period: | 2023-2029 |
| Historical Data: | 2018 to 2022 | Market Size in 2022: | US $ 8786 Bn. |
| Forecast Period 2023 to 2029 CAGR: | 6.9% | Market Size in 2029: | US $ 14017 Bn. |
| Segments Covered: | by Product Type | Glue Guns Bench Top Hot-melt Equipment |
|
| by End-User | Electronics Paint & Coating Packaging Food & Beverages Pharmaceutical Automotive |
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Global Industrial Hot-melt Dispensing Equipment Market, by Region
North America (United States, Canada and Mexico)
Europe (UK, France, Germany, Italy, Spain, Sweden, Austria and Rest of Europe)
Asia Pacific (China, South Korea, Japan, India, Australia, Indonesia, Malaysia, Vietnam, Taiwan, Bangladesh, Pakistan and Rest of APAC)
Middle East and Africa (South Africa, GCC, Egypt, Nigeria and Rest of ME&A)
South America (Brazil, Argentina Rest of South America)
Global Industrial Hot-melt Dispensing Equipment Market Key Players
1.3M
2.Astro Packaging
3.Dymax Corporation
4.Fabron Inc.
5.Glue Machinery Corporation
6.Graco Inc.
7.Henkel AG & Co. KGaA
8.ITW Dynatec
9.Nordson Corporation
10.Power Adhesives
11.Robatech India Pvt Ltd.
12.Valco Melton
13.Gluefast Company
14.Illinois Tool Works
15.Adhesive & Equipment
16.Adhesive Dispensing
17.Hi-Melt
18.MELER
19.MeltPro
20.Axco Adhesive Systems
21.Indumarsan
22.Others
Frequently Asked Questions:
1] What segments are covered in Industrial Hot-melt Dispensing Equipment Market report?
Ans. The segments covered in Industrial Hot-melt Dispensing Equipment Market report are based on product type, and end-user.
2] Which region is expected to hold the highest share in the global Industrial Hot-melt Dispensing Equipment Market?
Ans. Asia Pacific is expected to hold the highest share in the global Industrial Hot-melt Dispensing Equipment Market.
3] Who are the top key players in the global Industrial Hot-melt Dispensing Equipment Market?
Ans. 3M, Astro Packaging, Dymax Corporation, Nordson Corporation, and Power Adhesives are the top key players in the global Industrial Hot-melt Dispensing Equipment Market.
4] Which segment holds the largest market share in the global Industrial Hot-melt Dispensing Equipment market by 2029?
Ans. Glue Guns segment holds the largest market share in the global Industrial Hot-melt Dispensing Equipment market by 2029.
5] What is the market size of the global Industrial Hot-melt Dispensing Equipment market by 2029?
Ans. The global Industrial Hot-melt Dispensing Equipment market is expected to reach US $ 14017Mn. by 2029