Fluid Dispensing Systems Market size is anticipated to exhibit a substantial CAGR between 2022 and 2028. This rise is attributed to the availability of a range of products catering for the dispensing of various fluids such as glue, thick silicones, thin solvents, and brazing pastes. The industry growth is being driven by the rollout of different types of dispensing systems comprising tube pump dispensing systems, valve tank dispensing systems, cartridge dispensing systems, barrel dispensing systems, and others.
On the basis of product, the adhesives and sealants segment is anticipated to depict considerable expansion through 2028. The surging product demand is credited to the wide applicability of adhesive dispensing systems across automotive production, nonwoven manufacturing, rigid packaging, and general product assembly applications. On the other hand, the demand for sealant dispensing systems is also on the rise, given that they help in waste reduction in both automatic and manual application.
Based on application, the fluid dispensing systems market is expected to record commendable growth from the electrical and electronics assembly segment over the forecast period. Precisely deposited fluids can provide an array of benefits in assemblies such as chemical inertness, dielectric strength, thermal conductivity, and mechanical strength. The usage of precision fluid dispensing systems enables the accurate positioning of fluids which is critical to the products’ quality, appearance, function, viability, and assembly. These factors are expected to solve the major challenges of assembling micro-electronics and miniscule parts for numerous manufacturers, propelling segment growth through the coming years.
Considering the regional perspective, the Asia Pacific fluid dispensing systems market size is estimated to register appreciable growth by 2028 owing to an upsurge in product developments by regional industry players. For instance, in December 2021, Fast & Fluid Management Asia launched the X-SMART M automatic dispenser for providing cost-effectiveness, repeatability, and enhanced color performance. The system offers reliability and accuracy in color dispensing for supporting the growth of mid and small paint dealers who are operational in tier-2 and tier-3 cities.
Leading players across the fluid dispensing systems market comprise IVEK Corp., Henline Adhesive Equipment Corporation, Techcon Systems, Fisnar Inc., Speedline Technologies, Musahi Engineering Inc., Valco Melton, Dymax Corp., Graco, Protec Co., Ltd., and others. Several fluid dispensing equipment manufacturers are taking a keen interest in the implementation of strategic initiatives such as acquisitions, mergers, collaborations, partnerships, and novel product developments for establishing a strong foothold in the industry.
For instance, in February 2021, Graco Inc., rolled out its Voltex Dynamic Mix Valve that has been developed for dispensing two-component foaming silicones and urethanes. The system provides consistent and uniform blending of difficult to dispense materials across a range of applications.
The SARS-CoV-2 pandemic has led to an escalated demand for sanitizing and soap dispensers, leading to the emergence of numerous suppliers, who are offering quick and affordable dispensing solutions. The demand for dispenser systems is rising with the reopening of businesses and the maintenance of high hygiene standards for various applications such as laundry disinfection, surface sanitization, and hand hygiene. These factors have created opportunities for the development of cost effective and efficient fluid dispensing systems to be deployed across various establishments, leading to industry expansion.