Dispensing systems Market- Forecast(2018-2023)
Posted by Venkatesh on October 26th, 2018
According to the new market research report by IndustryARC titled “Dispensing Systems By Type (Dispense-only systems, Mix and Dispense systems, Meter, Mix and Dispense systems, Hot Melt Dispensing systems); By Material (Silicones, Solder pastes, Cyanoacrylates, Arcylics, Epoxy fluids, Polyurethane, Grease and Lubricants, Others); By Component (Extruders, Melters, Filler systems, Metering systems, Applicators, Spray Equipment, Others); By Geography (North America, APAC, Europe, South America, RoW)”, the market is driven by the application of dispensing systems in industries such as automotive, aerospace, electronics, food & beverages, life sciences, chemicals and other manufacturing industries.
Asia Pacific holds a major share in the Dispensing Systems Market during the forecast period
Asia Pacific dominates the Dispensing Systems Market during the forecast period. It had a share of 35% during 2014. Increasing government support for industrialization in emerging markets such as China and India are the main factors driving the growth of dispensing systems in Asia Pacific. Asia Pacific region is expected to reach 95.94 million by 2023 at a CAGR of 5.8%. North America is the second largest region in the market with dispensing systems being used in the aerospace industry. Growing semiconductor production will also enhance the growth of the Dispensing Systems Market in North America. The growth of dispensing systems in RoW is fuelled by their increasing use in the petrochemical industries in the Middle-East.
Selected Analysis done in the Dispensing Systems Market Report:
Automotive and Electronics are the main end user industries for the dispensing systems. This is due to their wide applications such as potting, bonding, sealing, and encapsulating, etc. The automotive industry is expected to reach 331.32 million by 2023 at a CAGR of 4.8%. The electronics industry is expected to reach 80.53 million by 2023 at a CAGR of 4.9%. The chemical industry is the fastest growing segment for the dispensing systems owing to the rising investments in the manufacturing sectors of China and Japan. In the automotive industry, the dispensing systems are used for joint bonding, interior trimming of body parts, and in the components of vehicles.
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Excerpts on Dispensing Systems Market Growth Factors
• Growth of the flexible packaging industry enhances the demand for Dispensing Systems Market during the forecast period.
• Growth in disposable income, changing lifestyle, use of processed and convenience food, and disposable hygiene products enhances the growth of the dispensing systems.
• Hot melt adhesives are thermoplastic adhesives with fast processing properties. Their adhesives are quite popular due to their fast setting speed, low cost, and environmentally friendly nature. The growing demand for these adhesives drives the growth of the dispensing systems.
Key players of the Dispensing Systems Market
Nordson Corporation and Graco are the key players of the Dispensing Systems Market. The other key players in the Dispensing Systems Market are Fisnar Inc. and Valco Melton. Norson Corporation manufactures dispensing equipment for industrial and consumer use. The company caters to the requirements of industries such as building and construction, consumer products, electronics, energy, life sciences, packaging, etc. Graco is a US based company which provides fluid handling equipment. It serves industries such as aerospace, agriculture, automotive, defence, electronics. Fisnar provides dispensing systems such as automated dispensing equipment, pumps and reservoirs, dispensing valves, and hot melt dispensing systems. Valco Melton provides equipment to meet the demands of the manufacturing, packaging, and sealing of items across different industries.
Dispensing Systems Market is segmented as below
Growth of the flexible packaging industry drives the demand for the Dispensing Systems Market during the forecast period.
A. Dispensing Systems Market By Technology
B. Dispensing Systems Market By Industry Verticals
C. Dispensing Systems Market By End Use Application
D. Dispensing Systems Market By Geography(covers 13+ countries)
Companies Cited / Interviewed
What can you expect from the report?
1. Market Size by Product Categories & Application 11. Demand Analysis (Revenue & Volume)
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IndustryARC is a Research and Consulting Firm that publishes more than 500 reports annually, in various industries such as Agriculture, Automotive, Automation & Instrumentation, Chemicals and Materials, Energy and Power, Electronics, Food & Beverages, Information Technology, Life sciences & Healthcare.
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About the AuthorVenkatesh
Joined: August 23rd, 2018
Articles Posted: 184
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