The global fluid dispensing equipment market is expected to reach USD 10.29 billion by 2024, according to a new report by Grand View Research, Inc. Growing demand for accurate and efficient systems for dispensing fluids as an alternative to manpower engagement in these processes to be a key driving factor for the industry growth.
The industry is characterized by the advent of automation technologies in various stage of production processes. The technology’s greater scope across automotive, electrical & electronics, and medical devices manufacturing has enabled higher sales of fluid dispensing equipment in these industries.
However, with evolving construction practices and increased usage of automated machinery for masonry, prefabrication and precast processes is expected to provide growth opportunities for industry participants. The global market value in construction application was over USD 640 million in 2015.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/fluid-dispensing-equipment-market
Further key findings from the report suggest:
·
Adhesives & sealants are widely used across
manufacturing stages to provide bonding between two materials, i.e.,
components, parts or overlays. Adhesives demand precision, accuracy, and consistency
while being applied to surfaces
·
Adhesive dispensing equipment revenue is
expected to reach USD 3.40 billion by 2024, primarily to be driven by high
demand for their formulations across electronics, automotive, construction,
medical devices production
·
Asia Pacific is projected to dominate the global
industry at an estimated CAGR of over 6.5% from 2016 to 2024. The region,
particularly Korea and Taiwan, is a hub for semiconductors and other electronic
component manufacturing and has the presence of leading companies such as
Samsung, ZTE, and Foxconn
·
Favorable capital spending by these end-users
for procuring equipment and related systems will be a huge contributor towards
Asia Pacific growth. Another significant force favoring the region’s growth is
increasing automotive production and investments from western OEMs in the
region
·
The U.S. is a relatively mature region compared
to those in Asia and is characterized by the presence of leading equipment
suppliers and technological know-how. The U.S. is expected to account for
nearly 17% of the global market value by 2024
·
Nordson was the leading fluid dispensing
equipment manufacturer with approximately 22% of the market share in 2015.
Other companies with a global operational presence include Protec, Henkel
(Loctite), Speedline Technologies, ITW Dynatec, Dymax, Sulzer, IVEK Corp., and
Henline Adhesive Equipment Corp.
Browse
more reports of this category by Grand View Research: http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
Grand View Research has segmented the fluid dispensing equipment market on the basis product, application and region:
Global Fluid Dispensing Equipment Product Outlook (Revenue, USD Million; 2014 - 2024)
·
Flux
·
Lubricant
·
Solder Paste
·
Adhesives & Sealants
o
Epoxy Adhesives
o
Epoxy Underfill
o
Others
·
Conformal Coatings
·
Others
Global Fluid Dispensing Equipment Application Outlook (Revenue, USD
Million; 2014 - 2024)
·
Electrical & Electronics Assembly
o
Semiconductor Packaging
o
Printed Circuit Boards
o
Others
·
Medical Devices
·
Automotive
·
Construction
·
Others
Global Fluid Dispensing Equipment Regional Outlook (Revenue, USD
Million; 2014 - 2024)
·
North America
o
U.S.
·
Europe
o
Germany
o
UK
·
Asia Pacific
o
China
o
India
o
Japan
·
Central & South America
·
Middle East & Africa
For press release of this report - http://www.grandviewresearch.com/press-release/global-fluid-dispensing-equipment-market
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