According to a recently published report by Brisk Insights, the Global Adhesive Equipment Market is expected to grow at the CAGR of 4.23% during 2015-2022 and it is estimated to be $63.12 billion by 2022. The global adhesive equipment market is segmented on the basis of product, application and geography. The report on Global adhesive equipment market forecast 2015-2022 provides detailed overview and predictive analysis of the market.
The global adhesive equipment market is growing at good pace and factors responsible for driving the market are expansion of the end user industries such as transportation, construction and consumer application. Also it can be seen that there is a shift in preference towards hot-melt adhesives. Also there is an increase in investment in research and development by various industries leading to the development of better products. Demand of low carbon emitting and lightweight vehicles have also led to growth of market.
Full report available global adhesive equipment market forecast 2015-2022 report at http://briskinsights.com/report/adhesive-equipment-market
Some of the restraints faced by the market are effect of recession on the end user industries, time consuming and stringent regulatory policies are also hindering the growth of the market.
Some of the major players of the market are 3M Company, Illinois Tool Works Inc., Sika AG, Franklin International, RPM International Inc., Royal Adhesives & Sealants, LLC etc.
Release ID: 752