Fluid Dispensing Equipment Market Size, Share & Trends Analysis Report By Product (Flux, Lubricant, Solder Paste, Adhesives & Sealants, Conformal Coatings), By Application, By Region, And Segment Forecasts, 2023 - 2030

Research Methodology

A three-pronged approach was followed for deducing the fluid dispensing equipment market estimates and forecasts. The process has three steps: information procurement, analysis, and validation. The whole process is cyclical, and steps repeat until the estimates are validated. The three steps are explained in detail below:

Information procurement: Information procurement is one of the most extensive and important stages in our research process, and quality data is critical for accurate analysis. We followed a multi-channel data collection process for fluid dispensing equipment market to gather the most reliable and current information possible.

• We buy access to paid databases such as Hoover’s and Factiva for company financials, industry information, white papers, industry journals, SME journals, and more.
• We tap into Grand View’s proprietary database of data points and insights from active and archived monitoring and reporting.
• We conduct primary research with industry experts through questionnaires and one-on-one phone interviews.
• We pull from reliable secondary sources such as white papers and government statistics, published by organizations like WHO, NGOs, World Bank, etc., Key Opinion Leaders (KoL) publications, company filings, investor documents, and more.
• We purchase and review investor analyst reports, broker reports, academic commentary, government quotes, and wealth management publications for insightful third-party perspectives.

Analysis: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilized different methods of fluid dispensing equipment market data depending on the type of information we’re trying to uncover in our research.

• Market Research Efforts: Bottom-up Approach for estimating and forecasting demand size and opportunity, top-down Approach for new product forecasting and penetration, and combined approach of both Bottom-up and Top-down for full coverage analysis.

• Value-Chain-Based Sizing & Forecasting: Supply-side estimates for understanding potential revenue through competitive benchmarking, forecasting, and penetration modeling.

• Demand-side estimates for identifying parent and ancillary markets, segment modeling, and heuristic forecasting.

• Qualitative Functional Deployment (QFD) Modelling for market share assessment.

Market formulation and validation: We mine the data collected to establish baselines for forecasting, identify trends and opportunities, gain insight into consumer demographics and drivers, and so much more. We utilize different methods of data analysis depending on the type of information we’re trying to uncover in our research.

• Market Formulation: This step involves the finalization of market numbers. This step on an internal level is designed to manage outputs from the Data Analysis step.

• Data Normalization: The final market estimates and forecasts are then aligned and sent to industry experts, in-panel quality control managers for validation.

• This step also entails the finalization of the report scope and data representation pattern.

• Validation: The process entails multiple levels of validation. All these steps run in parallel, and the study is forwarded for publishing only if all three levels render validated results.

Fluid Dispensing Equipment Market Categorization:

The fluid dispensing equipment market was categorized into three segments, namely product (Flux, Lubricant, Solder Paste, Adhesives & Sealants, Conformal Coatings), application (Electrical & Electronics Assembly, Medical Devices, Transportation, Construction), and regions (North America, Europe, Asia Pacific, Central & South America, Middle East & Africa).

Segment Market Methodology:

The fluid dispensing equipment market was segmented into product, application, and regions. The demand at a segment level was deduced using a funnel method. Concepts like the TAM, SAM, SOM, etc., were put into practice to understand the demand. We at GVR deploy three methods to deduce market estimates and determine forecasts. These methods are explained below:

Market research approaches: Bottom-up

• Demand estimation of each product across countries/regions summed up to from the total market.

• Variable analysis for demand forecast.

• Demand estimation via analyzing paid database, and company financials either via annual reports or paid database.

• Primary interviews for data revalidation and insight collection.

Market research approaches: Top-down

• Used extensively for new product forecasting or analyzing penetration levels.

• Tool used invoice product flow and penetration models Use of regression multi-variant analysis for forecasting Involves extensive use of paid and public databases.

• Primary interviews and vendor-based primary research for variable impact analysis.

Market research approaches: Combined

• This is the most common method. We apply concepts from both the top-down and bottom-up approaches to arrive at a viable conclusion.

Regional Market Methodology:

The fluid dispensing equipment market was analyzed at a regional level. The global was divided into North America, Europe, Asia Pacific, Central & South America, and Middle East & Africa, keeping in focus variables like consumption patterns, export-import regulations, consumer expectations, etc. These regions were further divided into six countries, namely, the U.S.; Germany; the UK.; China; Japan; India.

All three above-mentioned market research methodologies were applied to arrive at regional-level conclusions. The regions were then summed up to form the global market.

Fluid dispensing equipment market companies & financials:

The fluid dispensing equipment market was analyzed via companies operating in the sector. Analyzing these companies and cross-referencing them to the demand equation helped us validate our assumptions and conclusions. Key market players analyzed include:

• Nordson Corporation - The company manufactures and markets differentiated precision dispensing products and systems. These products and systems are assisted with extensive application expertise and direct global sales and services networks of the company. Nordson Corporation caters to the requirements of buildings & and construction, electronics, medical, energy generation, transportation, packaging, and general product assembling and finishing applications. The company has direct operations in more than 35 countries. Approximately 67% of its revenues were generated outside the U.S. in 2022. The principal manufacturing facilities of Nordson Corporation are in Israel, the U.S., Germany, Mexico, the Netherlands, Ireland, the People’s Republic of China, and the UK. The equipment offered by the company ranges from single-use components to manual, standalone units for low-volume operations to microprocessor-based automated systems for high-speed and -volume production lines. Its product lines include industrial precision solutions, medical and fluid solutions, and advanced technology solutions.

• PROTEC CO., LTD - The company is a manufacturer of semiconductor packaging equipment that are used for high-precision dispensing and packaging applications such as LED and SMTA. In addition, PROTEC CO., LTD provides semiconductor and LED packaging solutions. It has 67 domestic patents, 12 overseas patents, and 23 utility models. The products of the company are CE/UL, ISO14000, and ISO9000 certified.

• NSW Automation - The company offers a wide range of precision liquid dispensing systems. It specifically focuses on precision liquid dispensing systems for the semiconductors and microelectronics industries. The clients of NSW Automation vary from manufacturers of electronic components to the semiconductors, military, automotive, medical (biotech), SMD LED, and aerospace industries. The company currently incorporates Industry 4.0 cloud-based standards in its automated fluid dispensing systems. It supplies innovative precision fluid dispensing solutions to the producers of microelectronics and semiconductors for device assemblies. Its solutions are used in 008004 soldering, MEMS, SiP, 5G components, PoP, CSP, 01005 dispensing, and wafer-level packaging applications. The product portfolio of NSW Automation includes micro dispensing, liquid metal dispensing, and solder paste dispensing solutions. It has a global presence with several industrial units, sales & services offices, and technical support points in Southeast Asian countries, the U.S., Switzerland, Taiwan, South Korea, China, Russia, Germany, the UK, etc.

• ITW - The company is a leading producer of equipment used in semiconductor manufacturing and electronic assembling units. It offers products through Despatch, Electrovert, MPM, Camalot, and Vitronics Soltec. ITW EAE is a subsidiary of Illinois Tools Works, Inc with operations in 58 countries. This subsidiary caters to the requirements of OEMs and contract manufacturers of electronics, semiconductors, and advanced packaging products. Moreover, its customers include companies focused on consumer electronics such as tablets, mobile devices, smartphones, industrial electronics & controls, telecommunications & RF, hi-reliability and military automotive & medical electronics, laboratory equipment, and sensors. ITW EAE is a developer and provider of capital equipment used for manufacturing electronics. The manufacturing centers of the company are in China (Suzhou) and the U.S. (Missouri and Lakeville in Minnesota). The sales and support offices of the company are in Franklin, Massachusetts; Lakeville, Camdenton, and Missouri in the U.S.; Guadalajara in Mexico; Suzhou in China; Oosterhout in the Netherlands; and Frankfurt in Germany.

• Musasi Engineering, Inc. - The company is a dispenser manufacturer that offers high-quality products leveraging the strength of its in-house development activities. It produces completely automatic dispensing machines, dispensing machines, and dispensing heads, as well as parts such as nozzles and syringes, desktop robots, and controllers. Musasi Engineering, Inc. has its production base in Kanagawa, Japan. Its products are used by automobile, semiconductor, medical, biotechnology, and food companies.

• GPD Global - The company is a manufacturer of robotic fluid dispensing equipment, precision and high-quality component prep equipment, and conformal coating equipment. GPD Global offers precision fluid dispensing systems, SMT cover tape peel-back force testers, conformal coating machines, cutting-edge dispense pump technologies, and precision lead forming machines used in through-hole component preparation. The fluid dispensing equipment of the company is used in electronics, PCB assembly, semiconductor, solar, military, medical, defense, aerospace, automotive, as well as in medical services. The company has a presence in the Middle East & Africa, North America, Europe, and South America.

• FISNAR - The company produces and supplies fluid dispensing equipment. It offers a vast array of dispensing equipment and services. As a fluid dispensing equipment manufacturer, FISNAR offers products ranging from basic hand or bench dispensers to highly sophisticated automatic robotic dispensing systems. Additionally, it also offers reservoirs and pumps, along with a full range of disposable syringes, barrels, needles, and tips. Moreover, FISNAR offers assembly fluids, which typically comprise lubricants, marking inks, solder creams, solder pastes, epoxies, silicones, and adhesives.

• Henkel Corporation - The company is operationally active. It is the parent company of the Henkel Group. The company has three operational business categories, including Laundry & Home Care, Adhesive Technologies, and Beauty Care. Its Adhesive Technologies business unit offers adhesives. Its product portfolio includes industrial adhesives, industrial cleaners, industrial coatings, industrial lubricants, industrial sealants, encapsulants, etc. The products offered by Henkel Corporation are used in a wide range of industries, including aerospace, automotive, data & telecommunications, electronics, manufacturing, medical, MRO, etc.

• TECHNON (Dover Corporation) - The company manufactures fluid dispensing systems for use in electronic and industrial product assembly applications. Metcal and Techcon, innovators of fluid and adhesive dispensing technologies, are among the signature brands of the company. In 2022, TECHNON (Dover Corporation) recorded earnings of the order of approximately USD 8 billion. Through its five operating segments, namely, Clean Energy & Fueling, Engineered Products, Pumps & Process Solutions, Imaging& Identification, and Climate & Sustainability Technologies, the company offers cutting-edge tools and aftermarket parts, components, software and digital solutions, consumables, and support services. The products of the company are used in various applications, including electronic assembly, industrial assembly, solar energy, data storage, aerospace, telecommunications, automotive, and consumer electronics.

• INTERTRONICS - The company supplies adhesives, sealants, coatings, and equipment for use in high-performance, high-technology assembly applications. INTERTRONICS caters to the requirements of the electronics, plastics, optical, medical devices, automotive, defense, energy, and aerospace industries. It specializes in adhesives & adhesive systems used for bonding, sealing, coating, encapsulating, masking, potting, and gasketing applications. It also offers equipment & accessories used for mixing, surface preparation, applying, and dispensing purposes. The precision fluid dispensers of INTERTRONICS are used for adhesives, coatings, epoxies, sealants, gaskets, oils, inks, greases, paints, enamels, solvents, lacquers, conductive adhesives, anaerobic adhesives, cyanoacrylate adhesives, UV light curing adhesives, super glues, solder pastes, silicones, solder fluxes, etc.

Value chain-based sizing & forecasting

Supply Side Estimates

• Company revenue estimation via referring to annual reports, investor presentations, and Hoover’s.

• Segment revenue determination via variable analysis and penetration modeling.

• Competitive benchmarking to identify market leaders and their collective revenue shares.

• Forecasting via analyzing commercialization rates, pipelines, market initiatives, distribution networks, etc.

Demand side estimates

• Identifying parent markets and ancillary markets

• Segment penetration analysis to obtain pertinent

• revenue/volume

• Heuristic forecasting with the help of subject matter experts

• Forecasting via variable analysis

Fluid Dispensing Equipment Market Report Objectives:

• Understanding market dynamics (in terms of drivers, restraints, & opportunities) in the countries.

• Understanding trends & variables in the individual countries & their impact on growth and using analytical tools to provide high-level insights into the market dynamics and the associated growth pattern.

• Understanding market estimates and forecasts (with the base year as 2022, historic information from 2018 to 2021, and forecast from 2023 to 2030). Regional estimates & forecasts for each category are available and are summed up to form the global market estimates.

Fluid Dispensing Equipment Market Report Assumptions:

• The report provides market value for the base year 2022 and a yearly forecast till 2030 in terms of revenue/volume or both. The market for each of the segment outlooks has been provided on region & country basis for the above-mentioned forecast period.

• The key industry dynamics, major technological trends, and application markets are evaluated to understand their impact on the demand for the forecast period. The growth rates were estimated using correlation, regression, and time-series analysis.

• We have used the bottom-up approach for market sizing, analyzing key regional markets, dynamics, & trends for various products and end-users. The total market has been estimated by integrating the country markets.

• All market estimates and forecasts have been validated through primary interviews with the key industry participants.

• Inflation has not been accounted for to estimate and forecast the market.

• Numbers may not add up due to rounding off.

• Europe consists of EU-8, Central & Eastern Europe, along with the Commonwealth of Independent States (CIS).

• Asia Pacific includes South Asia, East Asia, Southeast Asia, and Oceania (Australia & New Zealand).

• Latin America includes Central American countries and the South American continent

• Middle East includes Western Asia (as assigned by the UN Statistics Division) and the African continent.

Primary Research

GVR strives to procure the latest and unique information for reports directly from industry experts, which gives it a competitive edge. Quality is of utmost importance to us, therefore every year we focus on increasing our experts’ panel. Primary interviews are one of the critical steps in identifying recent market trends and scenarios. This process enables us to justify and validate our market estimates and forecasts to our clients. With more than 8,000 reports in our database, we have connected with some key opinion leaders across various domains, including healthcare, technology, consumer goods, and the chemical sector. Our process starts with identifying the right platform for a particular type of report, i.e., emails, LinkedIn, seminars, or telephonic conversation, as every report is unique and requires a differentiated approach.

We send out questionnaires to different experts from various regions/ countries, which is dependent on the following factors:

• Report/Market scope: If the market study is global, we send questionnaires to industry experts across various regions, including North America, Europe, Asia Pacific, Latin America, and MEA.

• Market Penetration: If the market is driven by technological advancements, population density, disease prevalence, or other factors, we identify experts and send out questionnaires based on region or country dominance.

The time to start receiving responses from industry experts varies based on how niche or well-penetrated the market is. Our reports include a detailed chapter on the KoL opinion section, which helps our clients understand the perspective of experts already in the market space.