Adhesive dispensing system market is projected to grow at a CAGR of 3.53% during the forecast period, reaching a total market size of US$1,680.636 million in 2024 from US$1,364.560 million in 2018. An adhesive dispenser is a machine or a container that is designed to release a specific amount of adhesive. These devices include manual dispensing caulk guns, hot melt glue guns, and an assortment of mix/meter and dispensing systems. These systems help in controlling waste and conserving energy along with promoting the production speed. Growing global construction activities is one of the major drivers of the adhesive dispensing system market. The booming consumer electronics industry owing to rising disposable incomes and urbanization are further driving the growth of the adhesive dispensing system market. Advancement of technologies coupled with increasing investment in research and development by the market players will also boost the market demand. However, stringent regulations such as CE, TUV-GS, and NRTL approval stamps and the high cost of the dispenser are restraining the growth of the adhesive dispensing system market.
The “Adhesive Dispensing System Market – Forecasts from 2019 to 2024” is an exhaustive study that aims to present the key market trends through various chapters focusing on different aspects of the market. The study provides a detailed market overview through the market dynamics sections which detail key market, drivers, restraints, and opportunities in the current market. The report analyzes key opportunity regional markets, and the current technology penetration through lifecycle analysis. The report also analyzes the market through comprehensive market segmentation by type, end-user industry, and geography.
The adhesive dispensing system market has been segmented based on type, end-user industry, and geography. By type, the market is classified as manual and automatic. By the end-user industry, the market is classified as electronics, construction, automotive, packaging, and others.
Regional analysis has been provided with detailed analysis and forecast for the period 2018 to 2024. The global market has been broken down into North America, South America, Europe, Middle East and Africa, and Asia Pacific regions. The report also analyzes 15 countries across these regions with thorough analysis and forecast along with prevailing market trends and opportunities which each of these countries present for the manufacturers.
Major players in the adhesive dispensing system market have been covered along with their relative competitive position and strategies. The report also mentions recent deals and investments of different market players over the last year. The company profiles section details the business overview, financial performance for the past three years, key products and services being offered along with the recent developments of these important players in the adhesive dispensing system market.