The global sales of drum melters market are projected to rise at a considerable pace of over 6.0% CAGR during the forecast period from 2022 to 2032. Growth in the market is primarily driven by rising adoption of drum melters across various end use verticals for melting large quantities of adhesives and sealants at faster speeds.
| Report Attribute | Details |
| Drum Melters Market Projected Growth Rate (2022-2032) | ~6.0% CAGR |
Drum melters are modern machines used to melt large amounts of polyurethane (PUR) and polyolefin (POR) hot melt adhesives, butylene, sealants etc. They find application in diverse end-use industries including packaging, automotive, electronics and textiles.
During the last few years, demand for drum melters has witnessed substantial increase across industries that require melting of adhesives on large scales. These drum melters enable adhesive supply units to melt glue in drums or liquefy required amount of adhesive in time. They are easy to install and can significantly reduce cost and time of industries.
Rising adoption of sealants and adhesives across various industries such as automotive, construction, packaging, electronics etc. is anticipated to boost the sales of drum melters over the forecast period from 2022 to 2032. These machines have significantly reduced the time and costs of industries and helped them to melt large quantities of adhesives, butylene and sealants with better efficiency.
Various types of drum melters are used across industries, depending on the required melting capacity and heat conductivity of the melting stock.
Manufactures are increasingly focusing on product design innovations to reduce melting stock (adhesives and sealants) loss during the melting process. This will help them to increase their customer base.
Rapid expansion of end-use industries such as automotive, electronics and packaging, innovations in drum melter design and technology, and growing popularity of holt-melt adhesives are some of the major factors driving the drum melters market.
Drum melters have become standard equipment for melting large amounts of products like sealants and adhesives across diverse industries. Adoption of these machines help the end-use verticals to reduce costs, save time and facilitate melting process. They are specifically ideal for melting bulk adhesives and sealants.
Exponential growth of construction and automotive industries due to rapid population and economic boom is anticipated to create significant growth opportunities for the market participants in the drum melters market during the forecast period. These industries consume majority of the sealants and hot melt adhesives for a multitude of applications. As a result, they require modern melting equipment like drum melters.
Increasing demand for sealants and adhesives across automotive and construction industries will therefore continue to fuel adoption of drum melters in the future.
Subsequently, continuous advancements in drum melters coupled with reduction in product prices will further boost the market growth during the forecats period.
Although demand for drum melters is witnessing huge upsurge, there are various factors that are likely to challenge the market growth. Some of these factors are the high cost of large sized drum melters, implementation of stringent regulations pertaining to the use of drum melters and increasing adoption of alternative products for bonding materials.
With rising adoption of sealants and adhesives across construction and automotive industries, heavy presence of leading market players and rapid integration of modern technologies, North America spearheaded by the U.S. will continue its dominance in the global drum melters market over the assessment period.
Drum melters are increasing being employed across majority of manufacturing industries in countries like the United States and Canada. They have significantly replaced the traditional ways of melting adhesives and sealants.
The U.S. has the largest construction industry in the world, which is generating huge demand for adhesives and sealants. This increase in demand for sealants and adhesives will continue to push the sales of drum melters during the forecats period.
Moreover, shifting focus of industries towards integrating modern technologies for enhancing the overall production process is anticipated to generate growth prospects within drum melters market over the forecats period.
According to Future Market Insights, the Asia Pacific market is forecast to grow at a faster CAGR over the forecast period from 2022 to 2032, owing to the surging demand for sealants and adhesives across in countries like China and India, increasing government support and rapid expansion of end-use industries.
Extensive applications in the automotive and electronics industries is keeping sales of drum melters afloat across China and South Korea. These machines are being increasing used for melting large quantities of adhesives and sealants in quick sessions.
Some of the key participants present in the global drum melters market include HIP-MITSU, Beeco, Buhnen GmbH & Co. KG, APRO Technologies GmbH, MELER, Illinois Tool Works, Delta Wye Electronics SRL, SM Klebetechnik Vertriebs-GmbH, Valco Melton among others.
These key players are constantly focusing on product innovation and development to increase their sales and penetrate lucrative market. They are also adopting strategies such as mergers, partnerships, acquisitions to stay relevant in the global market.
| Report Attribute | Details |
| Growth Rate | CAGR of 6.0% from 2022 to 2032 |
| Base Year for Estimation | 2021 |
| Historical Data | 2015-2020 |
| Forecast Period | 2022-2032 |
| Quantitative Units | Revenue in USD Billion, Volume in Kilotons and CAGR from 2022-2032 |
| Report Coverage | Revenue Forecast, Volume Forecast, Company Ranking, Competitive Landscape, Growth Factors, Trends and Pricing Analysis |
| Segments Covered |
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| Customization | Available Upon Request |
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AS per FMI, the global drum melters market is anticipated to grow at over 6.0% CAGR over the forecast period.
Asia Pacific is expected to emerge as the most opportunistic market for drum melters during the forecast period.
HIP-MITSU, Beeco, Buhnen GmbH & Co. KG, APRO Technologies GmbH, Illinois Tool Works, Delta Wye Electronics SRL,are some prominent drum melters manufacturers
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