U.S. Adhesive Equipment Market Size, Share & Trends Analysis By Product (Industrial Hot Melt, Adhesive Controllers, Adhesive Pumping Systems, Application Guns),- Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024-2033

U.S. Adhesive Equipment Market Size and Growth

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.

U.S. Adhesive Equipment Market Key Takeaways:

• The packaging sector dominated the market and accounted for the largest revenue share of 60.0% in 2023
• Furthermore, Disposable Hygiene Products (DHP) held a significant market share in 2023.
• The industrial hot melt sector dominated the market in 2023.
• The adhesive application guns also held a significant market share in 2023.

Report Scope of U.S. Adhesive Equipment Market

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.

U.S. Adhesive Equipment Market By Application Insights

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.

U.S. Adhesive Equipment Market By Product Insights

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.

U.S. Adhesive Equipment Market Recent Development

• In February 2023, 3M introduced a revolutionary medical adhesive, known as 3M™ Medical Tape 4578. This adhesive can adhere to the skin for an impressive 28 days, doubling the previous standard of 14 days. It's designed for a broad range of health monitors, sensors, and long-term medical wearables. An added advantage is its liner-free stability, allowing it to be stored for up to a year, offering more design flexibility to device manufacturers.
  
  
• In April 2023, Dymax, a prominent producer of quick-curing materials and equipment, launched its latest product, the 1045-M adhesive. This addition to its acclaimed MD® line of light-curable materials is specifically designed for medical device assembly. It effectively bonds glass, SS, ABS, and PC substrates used in the assembly of prefilled syringes, single-use devices, and various injectors. The MD® 1045-M adhesive addresses issues related to needle orientation, material overflow, and extended cure times.
  
  
• In November 2023, DAP, a frontrunner in the home improvement and construction products sector, revolutionized spray foam application with the debut of its unique 1-component broadcast spray foam: Wall & Cavity Foam with a Wide Spray Applicator. Utilizing cutting-edge polyurethane sealant technology, Wall & Cavity Foam is a ready-to-spray, user-friendly, single-canister solution that offers the versatility of 2-component spray foam. It provides superior thermal insulation, aiding homeowners in reducing their energy costs.

Some of the prominent players in the U.S. adhesive equipment market include:

• Glue Machinery Corporation
• Gluefast Company
• Fisnar Inc.
• Adhesive & Equipment, Inc.
• ITW Dynatec
• Graco Inc.
• 3M Company
• Dymax Corporation
• Valco Melton
• Royal Adhesives & Sealants LLC

Segments Covered in the Report

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

• Industrial Hot Melt
• Adhesive Controllers
• Cold Glue Applicators
• Pneumatic Adhesive Applicators
• Adhesive Pumping Systems
• Adhesive Application Guns
• Others

Application

• Packaging
• Lamination
• Construction
• Disposable Hygiene Products (DHP)
• Technical Textiles
• Others