India is gaining significant traction in the adhesive dispenser market and is projected to observe a steady demand for dispenser systems during the forecast period. Growing demand for electronics and favorable government policies are the key factors driving market growth in the country. Rising consumer income and the ever-growing population propel the demand for consumer electronics. The global electronics market is valued at around USD 2 trillion, and India's share in the global market has significantly risen from 1.3% in 2012 to over 3% in 2018. The large consumer base in urban areas and the country's changing demographics also positively contribute to the market
Around 1.2 billion consumers are engaged in urbanization and digitization with higher penetration of electronic products. Automated adhesive dispensers register substantial demand from the electronics sector, owing to their effectiveness in reducing material waste and preventing costly rework scenarios. Initiatives such as 'Make in India' and 'Digital India' have raised the demand for artificial intelligence (AI) and the Internet of Things (IoT), which in turn will surge the demand for electronic products. The growing inflow of foreign investments in the country in electronics manufacturing will also have a positive influence on the demand for adhesive dispensers.
Got questions about your regional growth of
Adhesive Dispenser Market?
Just drop us a line or call on +1 646 480 7505
Adhesive dispensers are widely used to reduce adhesives wastes and have a cost-effective production. The adoption of adhesive dispensers was high in a plethora application in consumer electronics, aerospace and defense, construction, automotive, medical devices, and many other manufacturing industries. The semiconductor industry was estimated to grow with a CAGR of around 13% in the previous year; however, the growth of the semiconductor industry due to COVID-19 is expected to drop by 1% in 2020. Lower demand for consumer electronics and other devices will have a negative impact on the adhesive dispenser market. Also, the declining demand from the end-user sectors of the market in the year 2020 will hamper market growth.
Once the situation normalizes, the supply chain will be strengthened, and the workforce capacities will be revived as rehabilitation, which can take time for a revival. As far as adhesive dispensers are concerned, most of its revenue is expected to come from medical equipment and electronics post-COVID-19.
Plastic Compounding Market: Segmentation
Central and South America and the Caribbean
The Middle East
" Crucial Insights The Report Provides:"
* Known and Unknown Adjacencies Influencing the Growth of Market
* Explorable Revenue Sources
* Customer Behaviour Analysis
* Target Partners
* Customized Geographical Data Based on Customers as well as Competitors
* Analysis of Market Size and CAGR between the Forecast PeriodsView Full Report Buy This Report Now