New York, Sept. 11, 2020 (GLOBE NEWSWIRE) — Reportlinker.com announces the release of the report “Global Industrial Dispensing System and Equipment Industry” – https://www.reportlinker.com/p05960993/?utm_source=GNW
2 Billion in the year 2020, is projected to reach a revised size of US$24 Billion by 2027, growing at a CAGR of 5.8% over the analysis period 2020-2027. Glue and Sealant Dispensing System, one of the segments analyzed in the report, is projected to record a 6.5% CAGR and reach US$8 Billion by the end of the analysis period. After an early analysis of the business implications of the pandemic and its induced economic crisis, growth in the Liquid Material Dispenser segment is readjusted to a revised 5.4% CAGR for the next 7-year period.
The U.S. Market is Estimated at $4.4 Billion, While China is Forecast to Grow at 9% CAGR
The Industrial Dispensing System and Equipment market in the U.S. is estimated at US$4.4 Billion in the year 2020. China, the world`s second largest economy, is forecast to reach a projected market size of US$5.1 Billion by the year 2027 trailing a CAGR of 9% over the analysis period 2020 to 2027. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.1% and 5.3% respectively over the 2020-2027 period. Within Europe, Germany is forecast to grow at approximately 3.7% CAGR.
Powder Product Dispenser Segment to Record 5.8% CAGR
In the global Powder Product Dispenser segment, USA, Canada, Japan,