Flock Adhesives Market Research Report - Forecast to 2030

Flock Adhesives Market Research Report: by Source (Waterborne, Solvent-borne), by Application (Automotive, Textile, Printing, Paper & Packaging, Others), by Type (Polyurethane, Acrylic, Epoxy, Others), and Region - Forecast to 2030

ID: MRFR/CnM/3421-CR | December 2018 | Region: Global | 159 pages

Flock Adhesives Market Overview


The Flock Adhesives Market in the global market is expected to grow at a high CAGR of 6.2% to account for the market value of about USD 3,275 million by the end of the forecasted period from 2017 to 2023.

A mass that has been pasted onto a substrate from a short fiber cut from the substance is termed a flock. It also helps in producing a faultless finish and smoothness in a substrate. It is attached electrostatically. In this substrate, millions of small strands are fibred for producing a uniform and aesthetically because of electric charge in vertical alignment. Flock adhesives provide a special feature according to the specific requirements for producing a homogeneous finish. Under the Flock Adhesives Market, thicker fibers are used in a brush-like surface, whereas thinner fibers are used in a softer surface. The use of fissure-free surfaces helps in improving efficiency in existing technologies.


COVID 19 Analysis


The global pandemic of COVID 19 has affected the lives of all businesses in the most negative way it can. It has pushed the economies into forced recession as a battle has to be fought from the health front as well as the fiscal front. Owing to the lockdown situation and post lockdown situation, many businesses manufacturing and production units were shut down in the Flock Adhesives Market, because of which there was a downfall in the market revenues and profit margin.


The Flock Adhesives Market is expected to recover from this low revenue situation which was the result of a global pandemic at the end of the first quarter and beginning of the second quarter in the coming year.


Market Dynamics


Drivers


Owing to the increasing application of flock adhesives in the automotive interiors acts as a driving factor in the flock adhesives market in the global market. Also, the increasing use of flock adhesives in the textile industry for flocking of garments along with further are some other factors that drive the Flock Adhesives Market in the global market during the forecasted period. Also due to increasing research and development along with new product launches in various emerging economies helps in increasing the market share in the flock adhesives market in the global market.


Opportunities


The increasing rise of the Flock Adhesives Market in the global market provides various growth opportunities during the forecasted period owing to various properties provided by flock adhesives such as washability of effects and flame retardance that helps in creating growth opportunities in the global market.


Restraints


The Flock Adhesives Market is growing at an alarming pace, but some factors restrain the growth, such as high inceptive cost and high maintenance cost, lack of skilled personnel. Another factor that restrains the Flock Adhesives Market is the lack of awareness in various emerging countries and very less expenditure done by entrepreneurs on improving the market.


Value Chain Analysis


The widespread use in the industrial sector has made the customizability and its widespread applicability of the Flock Adhesives Market in the global market. The Market has various applicability in different sectors like in uniform plain print in the wide range of substrates. This new technology technique is also used fulfilling the tailored requirements of the customers that produce a highly homogeneous finish. This Flock Adhesives Market is further expected to rise at great heights in the global market by the end of the augur period from 2017 to 2023.


Market Segmentation


The Flock Adhesives Market in the global market has been divided based on Type, Source, Application, and Region.


Based on the type:


The Flock Adhesives Market in the global market has been divided based on type into polyurethane type, acrylic type, epoxy type, and many other types.


Based on the source:


The Flock Adhesives Market in the global market has been divided based on source into solvent-borne adhesives and waterborne adhesives.


Based on the application:


The Flock Adhesives Market in the global market has been divided based on application into printing application, paper and packaging application, automotive application, textile application, and many other applications.


Based on the region:


The Flock Adhesives Market in the global market has been divided based on the region into the Europe region, the North America region, Latin America region, Asia-Pacific region, and the Middle East and Africa region.


Regional Analysis


The Flock Adhesives Market in the global market has been divided based in the region into the North America region, the Europe region, Latin America region, Asia-Pacific region, Africa region, the Middle East, and the rest of the world. The largest share in the Flock Adhesives Market in the global market is held by the Asia-Pacific region as this is the fastest-growing region and shows a positive increase in demand during the augur period owing to the presence of various emerging countries like South Korea, India, Japan, and China.


The second-largest market share is held by the Europe region owing to increasing expenditure on infrastructure for enhancing the overall productivity of workers in an organization and also due to the presence of various competitive countries like Russia, Italy, Germany, and Spain. The next position is held by the North America region, followed by the Latin America region and the Africa region, and the Middle East, respectively.


Competitive Landscape


The most prominent market players in the Flock Adhesives Market in the global market are as follows:



  • International Coatings Company (U.S.)

  • KISSEL + WOLF GmbH (Germany)

  • Henkel AG AND CO. KGaA (Germany)

  • Union Ink (U.S.)

  • Sika AG (U.S.)

  • H.B. Fuller (U.S.)

  • Stahl Holdings BV (The Netherlands)

  • DowDuPont Inc. (U.S.)

  • Bostik SA (U.S.)

  • Lord Corporation (U.S.)



These prominent market players use various innovative strategies for developing the product at low cost along with increasing efficiency in the working of the organization for increasing the customer base in the potential market all across the globe in the Flock Adhesives Market during the estimated period.


Recent Developments



  • In the market, the textile industry is growing at a fast pace during the forecasted period because of the increasing use of flock adhesives, mainly in the flocking of suede fabrics.

  • Other industries in which flock adhesives are used are leathers, shirts, shoes, purses, jackets, and furniture and are anticipated to rise even more during the forecasted period from 2016 to 2023.

  • Owing to the increasing foreign direct investment in countries like India and China, the demand for the textile industry is increasing; as a result, the demand for the market is also increasing by the end of the forecasted period.

  • It is expected that the polyurethane market will grow at a high CAGR of 45% by the end of 2019 as it provides high impact resistance and durability in the products because of the use of flock adhesives in its production.

  • By the end of the forecasted period, it is expected that the acrylic industry will grow at a growth rate of about 3.6%, and the automotive industry is expected to grow at a high growth rate of about 31% because of the increasing use of insulation and lamination in flock adhesives.


Report Overview


This Flock Adhesives Market research report consists of the following aspects:



  • Market Overview

  • COVID 19 Analysis

  • Market Dynamics

  • Value Chain Analysis

  • Market Segmentation

  • Regional Analysis

  • Competitive Landscape

  • Recent Developments



This global market research report of Flock Adhesives Market contains the factor that drives the growth of flock adhesives market in the global market along with the restraining factors that hamper the growth of flock adhesives in reaching tremendous heights in the global market. The impact of COVID 19 on the market is also mentioned, along with the expected future growth rate.


Users


Government and regional agencies and research organizations, an association of regional manufacturers of flock adhesives, traders, distributors, and suppliers of flock adhesives, and manufacturers of resins used to produce flock adhesives, and many others



Report Scope:
Report Attribute/Metric Details
  Market Size

  • 2023: USD 3,275 Million
  • 2030: Significant value
  •   CAGR   6.2%(2022–2030)
      Base Year   2021
      Forecast Period   2022 to 2030
      Historical Data   2019 & 2020
      Forecast Units   Value (USD Million)
      Report Coverage   Revenue Forecast, Competitive Landscape, Growth Factors, and Trends
      Segments Covered   By Source, Type, Application and Region
      Geographies Covered   North America, Europe, Asia-Pacific, and Rest of the World (RoW)
      Key Vendors   International Coatings Company (U.S.),KISSEL + WOLF GmbH (Germany),Henkel AG AND CO. KGaA (Germany),Union Ink (U.S.),Sika AG (U.S.),H.B. Fuller (U.S.),Stahl Holdings BV (The Netherlands),DowDuPont Inc. (U.S.),Bostik SA (U.S.),Lord Corporation (U.S.)
      Key Market Opportunities   The increasing rise of the Flock Adhesives Market in the global market provides various growth opportunities during the forecasted period
      Key Market Drivers   Owing to the increasing application of flock adhesives in the automotive interiors acts as a driving factor


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    Frequently Asked Questions (FAQ) :


    The global flock adhesives market is set to grow commendably while achieving revenues worth USD 3,275 MN by the end of the forecasted period.

    The global flock adhesives market is expected to grow at 6.04% CAGR during the assessment period (2020-2027).

    Asia Pacific holds the largest share in the global flock adhesives market followed by Europe and North America, respectively.

    H.B. Fuller (US), Henkel AG & Co. KGaA (Germany), Sika AG (Switzerland), Bostik SA (US), DowDuPont Inc. (US), Lord Corporation (US), Stahl Holdings BV (The Netherlands), KISSEL + WOLF GmbH (Germany), Union Ink (US), International Coatings Company (US), are some of the major players operating in the global flock adhesives market.

    Flock Adhesive Market: Competitive Landscape


    The major players operating in the global flock adhesive market are Henkel AG & Company, KGaA, H.B. Fuller, Sika, DowDuPont, Inc., Lord Corporation, KISSEL + WOLF GmbH, Stahl Holdings B.V., International Coatings, Bostik (Arkema), Union Ink, among others.


    Henkel AG & Co. KGaA, H.B. Fuller Co., Sika AG, DowDuPont, Inc. and Bostik are the manufacturing companies which collectively account for the majority share of the flock adhesive market. The market is concentrated in North America and Europe and comprises of market players which are operational in US, Germany, and Switzerland. Different strategies such as product launches, expansion, and sales and purchase agreement, collaborations are implemented by market players to expand their footprint and gain maximum revenue. There is a surging demand for the product from automotive and textile end-use industry which contributes to the growth of the market. There is intense competition between the market players in North America and Europe.


    In July 2017, Techsil Ltd. announced a distribution agreement with Henkel. This agreement will strengthen both the companies and can increase its product portfolio by offering wider range of structural adhesive products. In March 2016, Asian Paints signed a distribution agreement with Germany’s Henkel Adhesive Technologies. Henkel’s adhesive brand Loctite will be sold through a co-branding initiative at the retail level. Asian Paints have a strong distribution network with 36,000 harware shops whill will help Henkel to spread in western India.


    In September 2017, H.B. Fuller Company entered into a purchase agreement with Royal Adhesives & Sealants, a leading manufacturer of high-value specialty adhesives and sealants. This agreement will consistently deliver industry-leading growth rates,free cash flow, EBITDA margins, that are anticipated to improve H.B. Fuller’s position as a global leader in the adhesives industry.


    In September 2016, Sika Automotive commissioned a new factory in Brazil and started manufacturing adhesives and a wide range of acoustic products for the automotive market in Latin America.


    In June, 2016, Dow Automotive and Aston Martin entered into a technical partnership. This partnership provided a broader portfolio of Dow Automotive, including flock adhesives which will be utilized for Aston Martin production models and race cars.


    In July 2015, Arkema expanded Bostiks’s hot melt pressure sensitive adhesives (HMPSA) production capabilities in Bangalore, India. This expansion will aid in serving many customers, but in particular the disposable hygiene sector. Their adhesives are largely in demand for more challenging applications like wetness indicators, elastic attachments, and products that stretch.