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Flock Adhesives Market
Flock Adhesives Market is projected to be worth USD 4.61 Billion by 2030, registering a CAGR of 5.51% during the forecast period (2021 - 2030).
$4.61 Billion
5.51%
Asia-Pacific
2021 - 2030
Segmentation
Key Players
Drivers
Flock Adhesives Market Overview
The Flock Adhesives Market in the global market is expected to grow at a high CAGR of 5.51% to account for the market value of about USD 4.61 billion by the end of the forecasted period from 2021-2030.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 | USD 4.61 billion |
| CAGR | 5.51%(2021–2030) |
| Base Year | 2020 |
| Forecast Period | 2021 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 |
Frequently Asked Questions (FAQ) :
The global flock adhesives market is set to grow commendably while achieving revenues worth USD 4.61 BN by the end of the forecasted period.
The global flock adhesives market is expected to grow at 5.51% CAGR during the assessment period (2021-2030).
Widespread use in the industrial sector.
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.
