Fluid Dispensing Equipment Market

Market Overview

The global fluid dispensing equipment market size was valued at USD 9.11 billion in 2021 and is projected to reach USD 14.76 billion by 2030 at a CAGR of 5.51% from 2022 to 2030.

Monitoring and dispensing of liquid and gaseous fluids are done using fluid dispensing devices. The item is available in a range of shapes and sizes. These devices also come in a range of sophistication levels, from straightforward manual systems to complex, automated robotic systems. Automobile, medical, food and beverage, and electronics are just a few of the industries that use fluid dispensing equipment. Fluids are utilized for many different things, including filling, sealing, binding, and lubricating.

Market Dynamics

Market Drivers

• Demand For Semiconductor Packaging And Circuit Assembly Is Driving The Market

The growth rate of the market for fluid dispensing equipment would be impacted by the increasing demand for semiconductor packaging and circuit assembly. The main factor fueling market expansion is the increase in applications from the automobile industry. The market for fluid dispensing equipment will experience increased demand as a result of the increased adoption of precise and effective systems for fluid dispensing. Important elements, including the rise in disposable income and rising urbanization, are also driving the market for fluid dispensing equipment.

• The Rising Industrialization Will Drive The Market

The market for fluid dispensing equipment will grow more quickly if severe controls are imposed on production facilities. The market for fluid dispensing equipment will likely develop as a result of the fast accelerating industrialization. The market for fluid dispensing equipment will expand at a faster rate as material waste becomes more and more of a concern. Fluid dispensing tools are generally employed in automated and semi-automatic robotic systems with high accuracy and low leakage rates.

Market Restraints

• High Cost And The Pandemic Mark As The Major Restraints For The Market

The fluid dispensing equipment market's growth rate will be hampered by the high cost of production and labor. The market for fluid dispensing equipment will face additional obstacles as a result of the decreased use of pneumatics in fluid dispensing. The COVID-19 outbreak's emergence of unfavorable conditions and the absence of skilled labor will function as significant restraints and further hamper the growth rate of the fluid dispensing equipment market.

Market Opportunities

• Technological Advancement And Construction Activities Will Bring In New Opportunities

The market for fluid dispensing equipment will see favorable chances thanks to the continuously expanding number of construction projects and technical developments. Additionally, the growing usage of automated equipment for masonry, precast, and prefabrication processes, as well as the untapped potential in new markets, will present profitable chances for market expansion. It is anticipated that the sector will expand in the future due to the steadily growing need for fluid dispensing systems that are dependable and precise and may take the place of workers.

Segmental Analysis

This fluid dispensing equipment market share  can be segmented on the basis of products, applications, types, forms, end-users, regions and competitors. The market for fluid dispensing equipment is divided into segments based on product types such as flux, lubricant, solder paste, adhesives and sealants, conformal coatings, and others. Epoxy adhesives, epoxy underfill, and other products are further divided into the categories of adhesives and sealants. The fluid dispensing equipment market is divided into manual systems and automated robotics systems based on type. The liquid and gaseous fluid segments of the market for fluid dispensing equipment are based on form. Bonding, filling, lubricating, and sealing are among the market's application segments for fluid dispensing equipment. The market for fluid dispensing equipment is divided into categories based on end users, including medical devices, transportation, construction, electrical and electronics, food and beverages, and others. Printed circuit boards, semiconductor packaging, and other categories have been added to the division of electrical and electronics.

It is common practice to apply fluids like flux, solder paste, underfill, adhesives, and sealants using dispensing equipment. The end-use heavily influences the level of utilization of the equipment assigned to a certain fluid. As far as the fabrication of automobile components is concerned, lubricants, adhesives, sealants, and coatings are commonly employed. While epoxy underfill, flux, and epoxy adhesives have a wider application in the production of electronic components, solder paste is the most common.

With roughly a third of the total revenue in 2021, adhesives and sealants were the most successful product category. The demand for adhesives is predicted to increase due to a positive prognosis for the automotive and electronics manufacturing sectors; this tendency is largely a growth driver for dispensing equipment in the product category.

Epoxy underfill utilization in flip chip device manufacturing and the expanding need for the latter in IC chips and microelectromechanical systems will be a factor in further fostering industry growth. Due to the presence of top semiconductor manufacturers and their significant CAPEX on gear, Asia Pacific is predicted to experience the quickest growth in the market for epoxy underfill dispensers.

The extensive use of fluids throughout the various production phases, such as metalworking, joining, and component assembly, is a defining characteristic of these sectors. A significant element boosting the market growth in the application sector is the U.S. automotive industry's recovery, as well as the region's great potential for China, India, and South East Asia to serve as automotive hubs.

In light of the latest advancements in construction methods, the infrastructure sector has enormous growth potential. Construction has moved from a labor-intensive practice to an assembly line process as a result of the development of prefabricated structures, the use of high-tech equipment for precise structural component measurement, and the reduction of masonry activity on the job site. The rising use of robotic systems and equipment, notably in the construction of big infrastructure projects like reservoirs, skyscrapers, paved streets, bridges, and other steel structures, is a result of this transition at the operational level.

Regional Analysis

The industrial sector places a high value on North America and Europe. Multinational dispensing equipment companies like Nordson, Henkel, and ITW Dynatec operate in these regions, which is what distinguishes them. Comparing these regions to Asia, Latin America, and the Middle East in terms of equipment, they are also technologically more sophisticated.

A deteriorating macroeconomic climate and the industry's high level of maturity are projected to cause the European market for fluid dispensing devices to expand at a moderate rate. In comparison to Europe, markets in the Asia-Pacific region and South America are anticipated to offer larger room for expansion, given industrial output and rising manufacturing investment.

Given that the revenues of the hospital, medical, and dental services industries have been increasing at a rapid rate over the past few years, the rapid expansion of the healthcare sector is projected to be a driving factor in the growth of the Asia Pacific market. Additionally, numerous new hospital construction projects and the soaring need for medical and surgical equipment have aided in area development. Asian consumers have been progressively subscribing to 4G LTE services since its launch in 2014, so they can benefit from faster speeds for their daily activities. Major regional electronics companies are also launching ground-breaking designs, with companies like Xiaomi and Asus leading the way with excellent inventions in the lower end of the market and a flood of inexpensive gadgets and devices. In the electrical and electronics sector, these elements are fueling the demand for precision fluid dispensers.

Recent Developments

• The Voltex Dynamic Mix Valve, created by Graco Inc., was introduced in February 2021 and is used to dispense two-component silicone and urethane foaming materials. A variety of applications can benefit from the system's reliable and homogenous blending of challenging-to-dispense materials.
• Fluid dispensing and laboratory automation equipment supplier BioDot Inc. was purchased by ATS in April 2021.

Fluid Dispensing Equipment Market Segmentation

On the Basis of Products

• Flux
• Lubricant
• Solder Paste
• Adhesives and Sealants
• Epoxy Adhesives
• Epoxy Underfill
• Conformal Coatings
• Others

On the Basis of Types

• Manual System
• Automated Robotics System

On the Basis of Forms

• Liquid Fluid
• Gaseous Fluid

On the Basis of Application

• Bonding
• Filling
• Lubricating
• Sealing

On the Basis of End-Users

• Medical Devices
• Transportation
• Construction
• Electrical and Electronics
• Semiconductor Packaging
• Printed Circuit Boards
• Food and Beverages
• Others

On the Basis of Regions

• North America
• Asia Pacific
• Europe
• Latin America
• Middle East & Africa