The U.S. adhesive equipment market size was exhibited at USD 5.25 billion in 2023 and is projected to hit around USD 7.13 billion by 2033, growing at a CAGR of 3.11% during the forecast period 2024 to 2033.
Report Coverage | Details |
Market Size in 2024 | USD 5.41 Billion |
Market Size by 2033 | USD 7.13 Billion |
Growth Rate From 2024 to 2033 | CAGR of 3.11% |
Base Year | 2023 |
Forecast Period | 2024-2033 |
Segments Covered | Product, Application |
Market Analysis (Terms Used) | Value (US$ Million/Billion) or (Volume/Units) |
Key Companies Profiled | Glue Machinery Corporation; Gluefast Company; Fisnar Inc.; Adhesive & Equipment, Inc.; ITW Dynatec; Graco Inc.; 3M Company; Dymax Corporation; Valco Melton; Royal Adhesives & Sealants LLC. |
This growth is attributed to the creation of new adhesives and their applications across diverse industries. In addition, the escalating demand from sectors such as packaging and construction is predicted to boost growth in the country. Furthermore, an increase in expenditure on construction for the refurbishment and renovation of existing buildings and infrastructure in the U.S. is expected to propel the market's growth.
The adhesive industry has seen a consistent shift from traditional joining methods like mechanical fasteners to more modern adhesive technologies in a variety of manufacturing, assembly, and industrial applications. This shift is anticipated to continue, driven by positive trends in key markets such as paper and paperboard packaging, automotive, DHP, and lamination, among others.
The market is also witnessing a surge in the incorporation of advanced technologies to improve product quality and efficiency. State-of-the-art technologies such as artificial intelligence, machine learning, and blockchain are being employed to create superior products that outdo conventional alternatives in terms of performance and efficiency. Moreover, the growing demand in various sectors like automotive, construction, electronics, and packaging is propelling the need for sophisticated adhesive technology and equipment to meet performance standards. The development of environmentally friendly and high-performance adhesives is further propelling market expansion.
There's been a notable consumer preference shift from solvent-based adhesives to hot melt adhesives, attributed to their lack of solvents and environmental advantages. In addition, polyurethane adhesives, which are effective for bonding non-porous materials such as metals and wood, are seeing increased demand, making them a popular choice across various industries and applications.
The packaging sector dominated the market and accounted for the largest revenue share of 60.0% in 2023, due to a surge in consumer preference for quick, portable food and compact FMCG packages. This trend is anticipated to boost the packaging industry, leading to an increased need for adhesive equipment for fast and reliable package sealing. The packaging market is also projected to be propelled by technological advancements such as the introduction of high-barrier materials, smart packaging, digital printing for packaging, and other packaging materials. Adhesives are extensively used in the industry for various purposes, such as sealing cartons and cases, connecting foils, bonding foil manufacturers, gluing folding boxes for suppliers, and labeling bottles.
The lamination segment also had a substantial market share in 2023. Adhesive lamination, typically involves the use of extruders, gravure application cylinders, pattern controllers, pumping systems, and other equipment, is the preferred bonding process when a specific film composition cannot be effectively achieved in a co-extrusion system due to equipment or temperature constraints.
Furthermore, Disposable Hygiene Products (DHP) held a significant market share in 2023. This is attributed to the growing aging population and increased birth rate, which has led to a surge in demand for products such as adult incontinence products and disposable baby training pants or diapers. Additionally, the rise in the number of working women and the female population has also contributed to the demand for pressure-sensitive adhesives in women's sanitation products, such as incontinence pads and tampons. As a result, adhesive equipment like applicator systems, pumps, pattern controllers, and other applicators are expected to see a rapid increase in demand in the DHP sector.
The industrial hot melt sector dominated the market in 2023. This growth is due to the surge in product demand due to its increasing use in industries like packaging, lamination, and DHP, which is projected to propel the market's growth. Consumer applications, such as household repairs and bonding, have made hot melt adhesive sticks and glue guns extremely sought after, contributing to the market's expansion. In addition, the rise in consumer disposable income and swift industrialization are predicted to increase the demand for hot melt adhesives, subsequently leading to a surge in demand for related processors, melters, and equipment. The unique fast-melt and processing characteristics of hot melt adhesives are expected to provide them with a distinct edge over other adhesives.
Adhesive controllers held a substantial market share in 2023, driven by escalating crude oil prices and the growing need for optimal resource utilization. This is anticipated to stimulate product demand in industrial uses such as packaging, lamination, and DHP, among others. These applications enable precise and accurate adhesive application, either intermittently or continuously, reducing waste or maintaining bond strength with less adhesive. Moreover, adhesive pattern controllers, which produce adhesive designs and innovative textures, are experiencing high demand for aesthetic applications in home décor, consumer goods, and more.
The adhesive application guns also held a significant market share in 2023. This growth is due to the rising DIY trend in the construction and packaging sectors, which has led to the development of hand-held applicator guns that are easy to use and reliable. Consumers are increasingly turning to cost-effective bonding materials like adhesives for everyday use. As a result, applicator guns are seeing the most growth in the packaging sector, primarily for consumer applications.
This report forecasts revenue growth at country levels and provides an analysis of the latest industry trends in each of the sub-segments from 2021 to 2033. For this study, Nova one advisor, Inc. has segmented the U.S. adhesive equipment market
Product
Application
Chapter 1. Methodology and Scope
1.1. Market Segmentation & Scope
1.2. Market Definition
1.3. Information Procurement
1.3.1. Purchased Database
1.3.2. Internal Database
1.3.3. Secondary Sources & Third-Party Perspectives
1.3.4. Primary Research
1.4. Information Analysis
1.4.1. Data Analysis Models
1.5. Market Formulation & Data Visualization
1.6. Data Validation & Publishing
Chapter 2. Executive Summary
2.1. Market Insights
2.2. Segment Outlook
2.3. Competitive Landscape Snapshot
Chapter 3. U.S. Adhesive Equipment Market Variables, Trends & Scope
3.1. Market Lineage Outlook
3.1.1. Market Penetration & Growth Prospects Mapping
3.2. Penetration & Growth Prospect Mapping
3.3. Industry Value Chain Analysis
3.3.1. Raw Material Trends
3.4. Regulatory Framework
3.5. Market Dynamics
3.5.1. Market Driver Analysis
3.5.2. Market Restraint Analysis
3.5.3. Industry Challenges
3.5.4. Industry Opportunities
3.6. U.S. Adhesive Equipment Market - Business Environment Analysis
3.6.1. Industry Analysis - Porter’s Five Force Analysis
3.6.1.1. Supplier Power
3.6.1.2. Buyer Power
3.6.1.3. Substitution Threat
3.6.1.4. Threat from New Entrant
3.6.1.5. Competitive Rivalry
3.6.2. PESTEL Analysis
3.6.2.1. Political Landscape
3.6.2.2. Economic Landscape
3.6.2.3. Social Landscape
3.6.2.4. Technological Landscape
3.6.2.5. Environmental Landscape
3.6.2.6. Legal Landscape
Chapter 4. U.S. Adhesive Equipment Market: Product Estimates & Trend Analysis
4.1. Product Movement Analysis & Market Share, 2024 & 2033
4.2. U.S. Adhesive Equipment Market Estimates & Forecast, By Product, 2021 to 2033 (USD Million)
4.2.1. Industrial Hot Melt
4.2.1.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
4.2.2. Adhesive Controllers
4.2.2.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
4.2.3. Cold Glue Applicators
4.2.3.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
4.2.4. Pneumatic Adhesive Applicators
4.2.4.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
4.2.5. Adhesive Pumping Systems
4.2.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
4.2.6. Adhesive Application Guns
4.2.6.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
4.2.7. Others
4.2.7.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 5. U.S. Adhesive Equipment Market: Application Estimates & Trend Analysis
5.1. Application Movement Analysis & Market Share, 2024 & 2033
5.2. U.S. Adhesive Equipment Market Estimates & Forecast, By Application, 2021 to 2033 (USD Million)
5.2.1. Packaging
5.2.1.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
5.2.2. Lamination
5.2.2.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
5.2.3. Construction
5.2.3.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
5.2.4. Disposable Hygiene Products (DHP)
5.2.4.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
5.2.5. Technical Textiles
5.2.5.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
5.2.6. Others
5.2.6.1. Market Estimates and Forecasts, 2021 - 2033 (USD Million)
Chapter 6. U.S. Adhesive Equipment Market- Competitive Landscape
6.1. Recent Developments & Impact Analysis, By Key Market Participants
6.2. Company Categorization
6.3. Company Market Share/Position Analysis, 2024
6.4. Company Heat Map Analysis
6.5. Strategy Mapping
6.5.1. Expansion
6.5.2. Mergers & Acquisition
6.5.3. Partnerships & Collaborations
6.5.4. New Process Launches
6.5.5. Research And Development
6.6. Company Profiles (Business Overview, Financial Performance, Product Benchmarking)
6.6.1. Glue Machinery Corporation
6.6.1.1. Company Overview
6.6.1.2. Financial Performance
6.6.1.3. Product Benchmarking
6.6.1.4. Recent Developments
6.6.2. Gluefast Company
6.6.2.1. Company Overview
6.6.2.2. Financial Performance
6.6.2.3. Product Benchmarking
6.6.2.4. Recent Developments
6.6.3. Fisnar Inc.
6.6.3.1. Company Overview
6.6.3.2. Financial Performance
6.6.3.3. Product Benchmarking
6.6.3.4. Recent Developments
6.6.4. Adhesive & Equipment, Inc.
6.6.4.1. Company Overview
6.6.4.2. Financial Performance
6.6.4.3. Product Benchmarking
6.6.4.4. Recent Developments
6.6.5. ITW Dynatec
6.6.5.1. Company Overview
6.6.5.2. Financial Performance
6.6.5.3. Product Benchmarking
6.6.5.4. Recent Developments
6.6.6. Graco Inc.
6.6.6.1. Company Overview
6.6.6.2. Financial Performance
6.6.6.3. Product Benchmarking
6.6.6.4. Recent Developments
6.6.7. 3M Company
6.6.7.1. Company Overview
6.6.7.2. Financial Performance
6.6.7.3. Product Benchmarking
6.6.7.4. Recent Developments
6.6.8. Dymax Corporation
6.6.8.1. Company Overview
6.6.8.2. Financial Performance
6.6.8.3. Product Benchmarking
6.6.8.4. Recent Developments
6.6.9. Valco Melton
6.6.9.1. Company Overview
6.6.9.2. Financial Performance
6.6.9.3. Product Benchmarking
6.6.9.4. Recent Developments
6.6.10. Royal Adhesives & Sealants LLC
6.6.10.1. Company Overview
6.6.10.2. Financial Performance
6.6.10.3. Product Benchmarking
6.6.10.4. Recent Developments