Hot Melt Equipment Market is recently issued by Allied Market Research that offers current, historic, and evolutionary trends in the windows and doors industry. The report analyzes the market, which has been categorized into five main regions. The study also examines the pre and post COVID impactions the windows and doors market at regional and global. It has a dedicated section on key manufacturers operating in the market. This section features the business overview, segment and brand overview, financial performance, and developments undertaken by the companies to stay forefront in the competition. Moreover, market share of the top ten players is also covered in the study so that firms/enterprises looking to enter in the market
global hot melt equipment market size was valued at $1.5 billion in 2020, and is expected to reach $2.8 billion by 2030, with a CAGR of 6.4% from 2021 to 2030. In 2020, Asia-Pacific dominated the global market, in terms of revenue, accounting for around 41.20% share of the global market.
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The global hot melt equipment market is segmented on the basis of product type, glue material, and end user, and region. Based on glue material, the market is divided into polyurethane, polypropylene, ethylene-vinyl acetate and other. Based on end user, the market is divided into electronics, food & beverages, medical, automotive and others.
However the low melting point of the adhesives restrict their application in food & beverage industry. In addition, the outbreak of COVID-19 has led to halt in logistic and manufacturing activities across the globe, which, in turn, has led to interruption of supply chain, thereby hindering of the hot melt equipment market growth. However, this situation is expected to improve as government is relaxing norms around the world for resuming business activities.
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Hot melt equipment play a vital role in ensuring product safety throughout the supply chain. Increase in demand of e-logistic and e-commerce from several end-user industries such as food & beverages, pharmaceuticals, and electronics drives the growth of the global market. In addition, with R&D the cost of adhesives has considerably lowered in the past few years and therefore the application of market has increased.
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Key Findings Of The Study
- The report provides an extensive analysis of the current and emerging global hot melt equipment market trends and dynamics.
- Depending on product type, the bench top segment was the largest revenue generator in 2020.
- By glue material, the Polyurethane segment generated the highest revenue in 2020.
- Based on end user, the food & beverage segment dominated the market in 2020.
- Region wise, Asia-Pacific is anticipated to dominate the market throughout the study period.
- The report provides an extensive analysis of the global hot melt equipment industry and emerging opportunities of the market.
3M, Banseok Precision Industry Co.Ltd., Glue Machinery Corporation, Graco Inc., Henkel AG & Co. KGaA, ITW Dynatec, Nordson Corporation, Robatech AG, Twin Engineers Pvt. Ltd. and Valco Cincinnati Inc.
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