The global fluid dispensing systems market size is estimated to reach USD 59.94 billion by 2030, registering an estimated CAGR of 5.7% from 2023 to 2030, according to a new report by Grand View Research, Inc. Increasing usage in electrical and electronics for semiconductor packaging and circuit board assembly is projected to drive the demand for Fluid Dispensing Systems (FDS).
The continuous evolution in dispensing systems manufacturing techniques has resulted in a continuously improving and widening application scenario for these systems as compared to their traditional counterparts. Fluid dispensing systems are primarily responsible for the controlled flow of liquids such as solvents, inks, and glues for diverse applications including medical devices and electrical and electronics assembly.
The fluid dispensing systems market is anticipated to benefit substantially from the revolutionized automotive industry across the globe. Rising need for dispensing liquids in manufacturing of machine parts such as wheel bearings, engine parts, oil seals, and motor is expected to propel demand. The systems help improve production efficiency while reducing the chance for errors, which is a key factor fueling the market.
On the basis of product, the FDS market is segmented into flux, lubricant, solder paste, adhesives and sealants, conformal coatings, and others. In terms of revenue, the adhesives and sealants segment held the market share in 2022. The segment is projected to account for the largest market share over the forecast period.
On the basis of application, the market is segmented into electrical and electronics assembly, medical devices, transportation, construction, and others. Electrical and electronics assembly was the dominant application segment and accounted for 34.6% of the market share in terms of revenue in 2022. The segment is expected to expand the CAGR from 2023 to 2030 owing to rising consumer disposable income and preferences towards miniaturized and pocket friendly devices at an affordable cost.
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Adhesive and sealant segment held the highest market share of 32.0% in terms of revenue, in 2022, attributed to the wide application scope of the product across almost all industry verticals
Lubricants emerged as the second largest product segment accounting for 26.5% of the market share in terms of revenue in 2022.
In 2022, electrical and electronics assembly was the dominant application segment with a market share of 34.6% in terms of revenue, owing to rising consumer disposable income and preference for miniaturized and pocket friendly devices at an affordable cost.
Automotive was the second largest application segment accounting for 24.1% of the global market share in terms of revenue in 2022.
Asia Pacific is estimated to lead the market over the forecast period owing to strong demand from end-use industries such as electrical and electronics, medical devices, and automotive
Grand View Research has segmented the global fluid dispensing systems market on the basis of product, application, and region:
Fluid Dispensing Systems Product Outlook (Revenue, USD Million, 2018 - 2030)
Flux
Lubricant
Assembly Lubricants
Others
Solder Paste
Adhesives & Sealants
Epoxy Adhesives
Epoxy Underfill
Others
Conformal Coatings
Other
Fluid Dispensing Systems Application Outlook (Revenue, USD Million, 2018 - 2030)
Electrical & Electronics Assembly
Semiconductor Packaging
Printed Circuit Boards
Others
Medical Devices
Automotive
Light Motor Vehicles
Heavy Motor Vehicles
Motorcycles
Trains
RVs
Construction
Construction Equipment
Others
Others
Fluid Dispensing Systems Regional Outlook (Revenue, USD Million, 2018 - 2030)
North America
U.S.
Europe
Germany
U.K.
Asia Pacific
China
Japan
India
Central & South America
Middle East and Africa
List of Key Players in Fluid Dispensing Systems Market
Graco, Protec Co. Ltd.
Speedline Technologies
Musashi Engineering Inc.
GPD Global Inc.
Fisnar Inc.
Techcon Systems
Intertronics
Valco Melton
Dymax Corp.
Henline Adhesive Equipment Corp.
ITW Dynatec
Sulzer Mixpac
IVEK Corp.
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