The factors such as increasing demand from end-user industries such as construction, textiles, and automotives is anticipated to drive the market growth. High industrialization and government initiatives to promote packaging sector in emerging economies is expected to further boost the market demand. Stringent regulations from agencies such as Environment Protection Agency (EPA) and Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) radically influenced the global market.
Industrial hot melt segment was the largest product segment and accounted for more than 20% of total revenue in 2014 due to their unique product characteristics. Adhesive Controllers segment is estimated to have high demand due to increasing awareness about adhesive conservation leading to intermittent bead application. Packaging was the leading application segment owing to growth of packaging industry in BRICS economies and accounted for about 28% of global share in 2014. Disposable hygiene products segment is estimated to have highest growth rate due to increasing demand for diapers across the world. Asia Pacific was the leading market owing to growth of end-user industries such as packaging and construction in India, China accounting for more than 35% of global share in 2014. China is estimated to show the highest growth in terms of demand at a CAGR of about 9% during the forecast period due to the rapid industrialization. Rising construction spending to renovate existing buildings and infrastructure in U.K. is expected to drive the equipment demand.
The key players in the Adhesive Equipment market include 3M Co., Adhesive Packaging Specialties LLC, Adhesives Research Inc., Ashland Inc., Dow Corning Corp. Elmer's Products Inc, Hexion Specialty Chemicals Inc., Huntsman Corp., National Starch & Chemical Co., and Super Glue Corp.
Product types Covered:
o New Zealand
o Rest of Asia
o Middle East
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