USD 28.80 billion
Report ID:
SQMIG20I2160 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
73
|Figures:
75
Fluid Dispensing Systems Market size was valued at USD 30.76 Billion in 2023 and is poised to grow from USD 32.85 Billion in 2024 to USD 55.61 Billion by 2032, growing at a CAGR of 6.8% during the forecast period (2025-2032).
The increasing adoption of systems in the end use industries such as electrical and electronics, automotive, and construction is likely to further accelerate the trend. The development of the newest technologies, which are fostering automation in various industries, enhances the market of fluid dispensing systems (FDS) and related equipment.
The market is picking up relevance due to the growing adoption of new technologies in the automobile industry. The progress in technology and increasing demand from different end-use industries results in the introduction of more and more effective products by the manufacturers to meet needs. Increased Asia Pacific and Middle East & Africa markets for electricals and electronics, is predicted to drive demand for fluid dispensing systems used in semiconductor packaging and circuit assembly.
The FDS systematically produces precision components for many end-users, which enhances their manufacturing efficiency. Manufacturers are looking at R&D activities as a way of providing problem-solving industry solutions which may be used in conducting numerous operations.
The greenhouse effect together with favorable rules about carbon emissions from bodies such as the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) and Environmental Protection Agency (EPA) have encouraged the development of bio-based hot melt adhesives. This trend would have a positive impact on the need for dispensers that consist of some of the hot melt application guns, pattern controllers, and others. One of the major drivers for growth is a growing preference for packaged foods and construction projects where there is increasing spending.
The U.S. fluid dispensing systems is intrinsic to the thriving demand by the electronics, transportation and medical device sectors due to the enactment of government regulations that promote and support reduced wastage of resources that eventually leads to cost and energy savings. Robotic fluid dispensers that deliver the highest control and ability to recreate precise and standardized fluid forms on the surface are taking over the manual applicator systems more and more.
Global Market Size
USD 28.80 billion
Largest Segment
Adhesives & Sealants
Fastest Growth
Lubricant
Growth Rate
6.8% CAGR
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Based on product, the market is segmented as, Lubricant, Solder Paste, Adhesives & Sealants, Epoxy Adhesives, Epoxy Underfill, Others, Conformal Coatings, Other. Based on Application the market is segmented as, Electrical & Electronics Assembly, Semiconductor Packaging, Printed Circuit Boards, Others, Medical Devices, Transportation, Construction, Others. Regional the market is segmented as, North America, Asia Pacific, Latin America, and Middle East & Africa (MEA)
Analysis By Product
In the fluid dispensing systems market, the "Adhesives & Sealants" segment is dominating due to its wide applicability across industries. Adhesives and sealants play a pivotal role in bonding and securing components in various manufacturing processes, including electronics, automotive, aerospace, and construction. The demand for reliable and precise adhesive application has positioned this segment as a significant contributor to the fluid dispensing systems market.
Simultaneously, the "Lubricant" segment is emerging as the fastest-growing segment. As industries strive for enhanced machinery performance and longevity, the need for efficient lubrication becomes paramount. Fluid dispensing systems play a crucial role in accurately and consistently applying lubricants to critical machine parts, contributing to reduced friction, wear, and maintenance costs. This emphasis on precision lubrication is propelling the rapid growth of the lubricant segment within the fluid dispensing systems market.
Analysis By Application
In fluid dispensing systems, the "Electrical & Electronics Assembly" segment emerges as the dominating force in the market. The electronics industry heavily relies on these systems for the precise and controlled deposition of adhesives, coatings, and encapsulants onto intricate components, ensuring proper functionality, durability, and performance. The demand for miniaturization, advanced electronic packaging, and high-quality assembly in devices like smartphones, laptops, and consumer electronics drives the dominance of this segment.
Concurrently, the "Medical Devices" segment is rapidly emerging as the fastest-growing segment. Fluid dispensing systems play a pivotal role in medical device manufacturing, facilitating the precise placement of biomaterials, adhesives, and fluids used in medical device assembly, diagnostics, and implantation. The evolving landscape of medical technology, including the demand for innovative and minimally invasive devices, is propelling the adoption of fluid dispensing systems within this segment.
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North America is typically considered the largest region in the global fluid dispensing systems market. The credit for the region's dominance can be attributed to its well-established manufacturing industries. Particularly in electronics, automotive, healthcare, and aerospace, where fluid dispensing systems find extensive applications. With a strong industrial foundation and cutting-edge technological innovations, the United States frequently sets precedents in the North American region.
In terms of the fluid dispensing systems market, Europe often comes in second. The use of fluid dispensing systems in a variety of industries, including automotive, electronics, and medical equipment, is facilitated by the substantial manufacturing sectors and advanced technology of European nations like Germany, France, and the United Kingdom.
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Drivers
Precision Manufacturing Demand:
Miniaturization and Advanced Packaging:
Restraints
High Initial Costs:
Viscosity and Material Challenges:
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The competitive landscape of the fluid dispensing systems market is marked by a mix of established players and innovative entrants striving to cater to the diverse demands of precision fluid application across industries. Major companies such as Nordson Corporation, Asymtek (a Nordson company), Fisnar Inc., Graco Inc., and Techcon Systems are prominent figures due to their extensive experience, technological expertise, and comprehensive product portfolios in fluid dispensing solutions. These industry giants offer a range of dispensing technologies, including jetting, precision volumetric dispensing, and automated robotic systems, addressing the needs of industries like electronics, automotive, and medical devices.
Top Player’s Company Profile
Recent Developments
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Component types team that Collects, Collates, Correlates, and Analyzes the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our global fluid dispensing systems market analysis; the market encompasses diverse segments, including electronics assembly, medical devices, automotive, and aerospace. Drivers such as the need for precision manufacturing, miniaturization, and automation fuel the market's growth. Industries require efficient and controlled fluid application to enhance product quality and streamline processes. Regions like North America and Europe, with advanced manufacturing sectors, often lead the market due to their technological prowess and stringent quality standards. Additionally, the integration of Industry 4.0 technologies and the emphasis on sustainability and customization underscore the market's evolving landscape, catering to diverse applications and industries worldwide.
Report Metric | Details |
---|---|
Market size value in 2023 | USD 28.80 billion |
Market size value in 2031 | USD 52.07 billion |
Growth Rate | 6.8% |
Forecast period | 2024-2031 |
Forecast Unit (Value) | USD Billion |
Segments covered |
|
Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
Companies covered |
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Customization scope | Free report customization with purchase. Customization includes:-
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Executive Summary
Market overview
Parent Market Analysis
Market overview
Market size
KEY MARKET INSIGHTS
COVID IMPACT
MARKET DYNAMICS & OUTLOOK
Market Size by Region
KEY COMPANY PROFILES
For the Fluid Dispensing Systems Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Fluid Dispensing Systems Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Fluid Dispensing Systems Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Fluid Dispensing Systems Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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Report ID: SQMIG20I2160
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