Fluid Dispensing Systems Market Size, Share & Trends Report

Fluid Dispensing Systems Market Size, Share & Trends Analysis Report By Product (Flux, Lubricant, Solder Paste, Adhesives & Sealants, Conformal Coatings), By Application, And Segment Forecasts, 2019 - 2025

  • Published Date: Mar, 2019
  • Base Year for Estimate: 2018
  • Report ID: GVR-1-68038-147-4
  • Format: Electronic (PDF)
  • Historical Data: 2015 - 2017
  • Number of Pages: 123

Industry Insights

The global fluid dispensing systems market size accounted for USD 35.62 billion in 2018 and is estimated to expand at a CAGR of 6.7% by 2025. Growing demand for systems in end use industries such as electrical and electronics, automotive, and construction applications is anticipated to drive the growth.Proliferation of latest technologies enabling automation in industries has fueled growth of fluid dispensing systems (FDS) and equipment market.

The market has been gaining impetus from increasing adoption of novel technologies in the automotive sector. With the technological advancements and growing demand from various end-use industries, new products with better efficiencies are being developed by manufacturers to meet specific requirements. Growing electrical and electronics industry in Asia Pacific and Middle East and Africa is anticipated to boost demand for fluid dispensing systems in semiconductor packaging and circuit assembly.

U.S. fluid dispensing system market

The FDS deliver high quality, repeatable, and reliable solutions to various end-users thereby improving their manufacturing process. Manufacturers are focusing on R&D activities to provide customized solutions to industries for carrying out diverse operations.

Rising environmental concerns and favorable regulations regarding carbon emissions, by agencies such as the Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) and Environmental Protection Agency (EPA) have nurtured the development of bio-based hot melt adhesives. This trend is expected to boost demand for dispensers such as hot-melt application guns, pattern controllers, and others. Growing preference for packaged foods and increasing spending on construction projects are also major growth drivers.

The U.S. fluid dispensing systems market is primarily driven by the growing demand from electronics, transportation, and medical device industries, owing to government regulations that encourage and support lower resource wastage that contribute to cost and energy savings. Robotic fluid dispensers are increasingly replacing manual applicators owing to their high level of control, ability to create repeated and standardized fluid patterns on substrates and overall efficiency.

Dispersing systems are basically equipment that help in applying precise and controlled amount of assembly fluids along with adhesives, sealants, and lubricants in manufacturing processes. The continuous evolution in dispensing systems manufacturing techniques has resulted in a continuously improving and widening application scenario as compared to the traditional techniques.

Automated fluid dispensing has been utilized in semi-conductor manufacturing and circuit assembly such as development of the Advanced Integrated Circuit Encapsulation (AICE) and Surface Mount Technology (SMT). Pertaining to these applications, four kinds of dispensing technologies are majorly employed, namely, time-pressure dispensing, auger-pump dispensing, true positive displacement dispensing, and jet dispensing.

Product Insights

On the basis of product, the FDS market has been segmented into flux, lubricant, solder paste, adhesives and sealants, conformal coatings, and other products which include solvents, powders, and inks.

Adhesive and sealant segment held the highest market share of 32.57% in terms of revenue, in 2018, attributed to the wide application scope of the product across almost all industry verticals including transportation, building and construction, packaging, medical and healthcare, and electrical and electronics.

Lubricants emerged as the second largest product segment accounting for 25.12% of the market share in terms of revenue in 2018. Lubricants are used in diverse applications requiring the components to work in an efficient manner. They help reduce friction between parts thereby enhancing performance resulting in improved output.

Application Insights

Based on application, the market has been segmented into electrical and electronics assembly, medical devices, transportation, construction, and others.Electrical and electronics has been further segmented into semiconductor packaging, PCB assembly, and others.

In 2018, electrical and electronics assembly was the dominant application segment with a market share of 34.18% in terms of revenue. The segment is expected to expand at a CAGR of 7.0% from 2019 to 2025 owing to rising consumer disposable income and preference for miniaturized and pocket friendly devices at an affordable cost.

Global fluid dispensing system market

Automotive was the second largest application segment accounting for 24.31% of the global market share in terms of revenue in 2018. They find application primarily in automotive, marine, and aerospace industries. Automotive sector is witnessing significant growth owing to the continuously evolving technologies such as automation, attracting consumers in mature markets.

Regional Insights

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. The region accounts for 43.48% of the total revenue share in 2018. China, India, and Japan are among the largest markets in Asia Pacific that are anticipated to positively influence the global FDS market. Increasing per capita disposable income along with strong growth of manufacturing sector are projected to further drive the growth.

Europe was the second largest region in terms of revenue, with 26.06% market share in 2018, owing to high demand from numerous end-user industries. Recovering regional economies, such as Germany have witnessed an increase in consumer disposable income and GDP growth rates. Other countries such as the U.K. and France are also expected to witness high demand for advanced consumer electronics with high multi-functionality and wearability.

High growth in consumer electronics in Middle East and Africa, fostered by increasing demand for multi-functional, wearable, and miniaturized devices is anticipated to drive the regional market for fluid dispensing systems.Rising awareness regarding carbon emissions in automotive industries of Brazil, Argentina, Venezuela, and other CSA countries is likely to drive FDS demand in adhesive applications, since they lower overall vehicle weight and improve engine efficiency.

Fluid Dispensing Systems Market Share Insights

Key industry participants include 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; and IVEK Corp.

These companies focus on optimum business expansion by introducing numerous growth strategies. Some of the major FDS manufacturers are exploring new markets and expanding their presence in emerging economies, such as India, Brazil, Mexico, Saudi Arabia, and UAE. Many companies are investing heavily in R&D and continue to launch new products.

Report Scope

Attribute

Details

Base year for estimation

2018

Actual estimates/Historical data

2015 - 2017

Forecast period

2019 - 2025

Market representation

Revenue in USD Million, and CAGR from 2019 to 2025

Regional scope

North America, Europe, Asia Pacific, South & Central America, and Middle East & Africa

Country scope

U.S., Germany, U.K., China, India, and Japan

Report coverage

Revenue forecast, competitive landscape, growth factors, and trends

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Segments Covered in the Report

This report forecasts revenue growth at global, regional, and country levels, and provides an analysis of the latest industry trends and opportunities in each of the sub-segments from 2019 to 2025. For the purpose of this study, Grand View Research has segmented the global fluid dispensing systems market report on the basis of product, application, and region:

  • Product Outlook (Revenue, USD Million, 2015 - 2025)

    • Flux

    • Lubricant

    • Solder Paste

    • Adhesives & Sealants

      • Epoxy Adhesives

      • Epoxy Underfill

      • Others

    • Conformal Coatings

    • Other

  • Application Outlook (Revenue, USD Million, 2015 - 2025)

    • Electrical & Electronics Assembly

      • Semiconductor Packaging

      • Printed Circuit Boards

      • Others

    • Medical Devices

    • Transportation

    • Construction

    • Others

  • Regional Outlook (Revenue, USD Million, 2015 - 2025)

    • North America

      • U.S.

    • Europe

      • Germany

      • U.K.

    • Asia Pacific

      • China

      • Japan

      • India

    • Central & South America

    • Middle East and Africa

Key questions answered by the report
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