Global dispensing systems and equipment market is expected to witness a dramatic growth in the next seven years owing to rising demand in chemical and oil & gas downstream industries. These systems are majorly used in large scale industries such as industrial solvents, pharmaceuticals, household chemical, and personal care products. It is used as to deliver oil, solvents, disinfecting solutions, detergent liquids, and personal care products such as shampoos & moisturizers, beverages syrups & sauces, water, and aerated drinks. Demand from the aforementioned solvents and liquids is expected to drive global industry growth.
Growing economy and industrialization are expected to further propel product demand. Dispensing systems are used to dispose of prefixed quantities of solvents which makes the production process easier. Better convenience offered by this equipment is anticipated to drive the industry expansion. Specific requirements and custom made systems are estimated to provide lucrative opportunities for industrial dispensing systems and equipment market participants over the foreseeable future. Surging demand from various chemical industries for swift and efficient product deliveries within different plants as well as for final product packaging is expected to remain a major factor for market penetration in the segment.
Innovation in terms of size and design along with cost-effectiveness, up-gradation of supply, and technology is expected to further fuel the demand for dispensing systems and equipment over the forecast period. Large scale industries are shifting to fully automated systems from a conventional semi-automatic or manual system. Automated dispensing systems are easier and convenient to operate and also effectively handles volatile chemical, lowering the risk of hazards due to manual handling. Innovative techniques such as fluid dynamic technology in the beverage and food segment are expected to significantly influence the product penetration. Various advantages such as lower carbon footprint and maximum efficiency in minimal space associated with fluid dynamic technology in the food and beverage industry which is expected to fuel the industry expansion. In addition to this, these systems are projected to replace the traditional continuous thread closures.
Major end-use industries covered in the report include automotive, oil & gas, defense & aerospace, and pharmaceutical. Growing automotive and aerospace industries particularly in economies including the U.S., China, India, and Russia may be attributed to high demand in the segments. Expanding oil & gas downstream industries in emerging BRIC economies and South East Asia is expected to bolster dispensing systems and equipment demand. Technological advancements for developing energy-efficient and speedy systems may further the market expansion over the next few years. North America dispensing systems and equipment market emerged as the major regional segment and is expected to dominate the industry over the forecast period. Europe has an established market owing to its mature chemicals and solvent industries.
North America and Europe are relatively mature markets and are estimated to lose share to high growth in Asia Pacific and Latin America markets. Asia Pacific is expected to witness significant growth owing to economic and industrial developments. Most of the major players in solvent and chemical industry are shifting their manufacturing base to Asia Pacific owing to favorable government initiatives and high-profit margins. India and China are emerging economies, which demand adoption of new dispensing systems and equipment technology. Middle East is expected to have a remarkable expansion owing to its demand from oil & gas and manufacturing industries. African countries including Ghana, Mauritius, South Africa, and Brazil are expected to lead the regional market growth over the forecast period.
Major companies operating in global dispensing Systems and equipment market include Jensen Global Dispensing, Weatherchem Corporation, Global Closures Systems, Hydro Systems Company, Berry Plastics Corporation, Nordson Adhesive Dispensing Systems, Continental AFA, and Aptar Group. M&A and strategic alliances among major industry players may hamper growth of small scale companies over the forecast period. Additionally, capital intensive nature of the industry is expected to restrict new entrants to enter dispensing systems and equipment market.
Avail customized purchase options to meet your exact research needs:
Get your queries resolved from an industry expert.
Design an exclusive study to serve your research needs.
A testimonial for service in the form of BBB "A" Accreditation.
Your personal and confidential information is safe and secure.
"The quality of research they have done for us has been excellent..."