The global fluid dispensing systems market is expected to reach USD 55.09 billion by 2024, according to a new report by Grand View Research, Inc. Growing electronic components manufacturing in Southeast Asia to drive growth. The trend towards miniaturization of electronic components and industry automation are key growth driving factors for the global fluid dispensing systems market. Recent innovations aimed at improving production processes due to high consumer demand and gradually reducing turn-around times have led to manufacturers adopting automated systems for applying adhesives, sealants, coatings, and lubricants during their processes.
Technological innovations aimed at improving product specifications is crucial for furthering competitiveness among companies. Pricing and after sales are major factors consumers look for in equipment brands. Value chain integration and an efficient supply network are critical for businesses to improve their footprint and bring down costs
Industry automation, though highly relevant across manufacturers in matured regions such as North America and Europe, is expected to remain a major factor in the development of Asia Pacific region. The region was valued at over USD 13.80 billion in 2015 and is expected to maintain its dominance in the future.
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summary of this report @ http://www.grandviewresearch.com/industry-analysis/fluid-dispensing-systems-market
Further key findings from the report suggest:
·
Adhesives & sealants and lubricants
dominated dispensing system types and accounted for nearly 60% of the global
revenue in 2015. Lubricant dispensers have been gaining wide spread popularity
owing to their diverse applications in automotive, electrical &
electronics, construction
·
Adhesive formulations are gradually replacing
traditional jointing mechanisms such as rivets and bolts in various processes
that include automotive & construction. A stable outlook on future demand
for adhesive & sealant products coupled with automation in their
application systems is expected to provide growth impetus for the product segment
·
Electrical & electronics applications
promise high growth opportunities for fluid dispensing systems with their usage
in printed circuit boards and semiconductor packaging
·
Southeast Asia is expected to remain a key
region for electrical & electronics assembly applications owing to the
scale of semiconductor and printed circuit board manufacturing
·
Nordson and Henkel were the leading companies in
2015. Key market participants with global presence include Graco, Protec,
Speedline, Musashi, ITW Dynatec, Valco Melton, and Dymax
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 systems market on the basis product, application and region:
Global Fluid Dispensing Systems 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 Systems 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 Systems 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-systems-market
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