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The packaging industry is growing at a steady pace and is witnessing the emergence of new and innovative packaging methods. The growth of the e-commerce industry and the increasing usage of technical facilities drive the growth of the packaging industry. Moreover, factors such as the transformation of conventional packaging techniques and the adoption of sustainable packaging materials, also drive the growth of the packaging industry. The industry is a major end user of sealants and hot-melt adhesives and Technavio's market research study has identified the growth of the packaging industry to be one of the primary growth factors for the industrial hot-melt equipment market. Our market analysts estimate that this market will register a revenue of more than USD 9.5 billion by 2021.
Polyurethane-based hot melt adhesives are more durable and strong when compared to the traditional hot-melt adhesives. Owing to their favorable features, adhesives are used for a wide variety of applications, especially in applications that require quick curing. Polyurethane-based adhesives set quickly and do not re-melt, which increases their demand for several applications including product assembly. According to our market research and analysis, the growing demand of polyurethane-based hot-melt adhesives will be one of the key trends that will gain traction in the industrial hot-melt equipment market during the next few years.
The industrial hot-melt equipment market is highly fragmented owing to the presence of several international, regional, and local. Though the international vendors dominate the market, the prominent vendors also have a strong global presence. The packaging, FMCG, and construction industries are the primary end-users for the vendors in the industrial hot-melt adhesive market.
The leading vendors in the market are
The other prominent vendors in the market are Illinois Tool Works, Astro Packaging, Graco, Dymax Corporation, Robatech, 3M, Adhesive & Equipment, Adhesive Dispensing, Hi-Melt, MELER, MeltPro, Axco Adhesive Systems, Hao Jing Environmental Protection Technology Co., Ltd., Foshan Nanhai, Glue Dots International, ADTECH, Bühnen, SUREBONDER, Reka Klebetechnik, STEINEL, Rheological, Adsol UK, KMS ADHESIVES, HuiZhou Fuliyuan Machinery, BSM India, SURE TACK SYSTEMS, Preo, ESSEBI, ITW DYNATEC, and Indumarsan.
Owing to their ease of use and portability, glue guns are the most commonly used hot-melt equipment in various industries. They are portable hot-melt equipment that melt tubular-shaped thermoplastics into hot-melt adhesive that is easily applied on the surface by glue gun nozzle. Owing to their affordable pricing and ease of usage, the industrial hot-melt equipment market will witness considerable growth in this segment.
APAC will be the major revenue contributor to this industrial hot-melt adhesive market due to the presence of countries such as China and India that are major contributors to the packaged food and beverage industry. The packaged food industry is the major end user of hot-melt equipment due to the importance of maintain the shelf life of packaged food. Increasing population in these regions that is influencing the growth of the packaged food industry, will subsequently drive the growth of the industrial hot-melt equipment market.
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This upcoming market research report on the global industrial hot-melt equipment market is an important part of heavy industries portfolio. The report provides detailed data and insights on engineering tools sector. Our market research report for the engineering tools sector comprises of an in-depth analysis of a broad range of business assessment parameters such as prominent vendors, market size, growth rate, and critical insights.
To gain accurate insights and data on this industry, research experts at Technavio involve in in-depth qualitative and quantitative research by collecting data from R&D facilities, suppliers, manufacturers, consumers, and other key stakeholders. The research analysts at Technavio use literature review, case studies, empirical study, and secondary analysis as some of the research tools to generate an extensive market landscape for the clients. Our research analysts predict that the growth in adhesives and sealants market could drive the growth of this market.
The upcoming report on the global industrial hot-melt equipment market also considers the growth of related markets such as the welding wires market and wire and cable market in India which are expected to grow at the rate of 4% and 16%, respectively, for the forecast period. Vendors like Nordson, Glue Machinery, and Valco Melton are covered in the report to offer a detailed analysis of the competitive landscape.
The upcoming research report on the global industrial hot-melt equipment market includes market intelligence parameters such as business buying patterns, dynamic demand from business customers, key drivers, competitor's product portfolio, and opportunities and challenges faced by the industry. The report also covers geographies such as APAC, the Americas, and EMEA to give a complete study based on geographic segmentation. Technavio also provides an in-depth study of test and measurement, construction and unit operations sector.
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