SAN FRANCISCO, October 6, 2015 /PRNewswire/ --
The global adhesive equipment market size is expected to reach USD 42.06 billion by 2022, according to a new report by Grand View Research, Inc. Increasing adhesives demand from end-use industries such as construction, automotive, textiles and footwear is expected to remain a key driving factor for global adhesive equipment market. High industrialization rates coupled with government initiatives to promote packaging sector in emerging markets of Asia Pacific and Latin America are expected to drive adhesive equipment demand. Bio-based adhesives development is also expected to strengthen industry growth as varying product specifications and associated technological developments constantly drive competition among companies.
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Browse full research report with TOC on "Adhesive Equipment Market Analysis By Product (Industrial Hot Melt, Adhesive Controllers, Cold Glue Applicators, Pneumatic Adhesive Applicators, Adhesive Pumping Systems and Application Guns), By Application (Packaging, Construction, Lamination, Disposable Hygiene Products and Technical Textiles) And Segment Forecasts To 2022" at: http://www.grandviewresearch.com/industry-analysis/adhesive-equipment-market
Industrial hot melt equipment was the largest product segment and accounted for over 22% of total revenue in 2022. Growing demand for hot melt adhesives owing to their unique product characteristics such as low costs, quick drying time and versatility are expected to drive this segment. Rising awareness regarding sustainable adhesive consumption is expected to foster high market growth for intermittent application devices such as adhesive controllers.
Further key findings from the report suggest:
Grand View Research has segmented the global adhesive equipment market on the basis of product, application and region:
Browse related reports by Grand View Research:
About Grand View Research
Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.
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