Flock Adhesives Market research report: By Source (Water Based, Solvent Based), By Application (Automotive, Textile, Printing, Paper & Packaging, Others), By Type (Polyurethane, Acrylic, Epoxy , others) and region – forecast until 2030
Overview of the flocked adhesives market
The global flock adhesives market is expected to touch USD 3,275 million by 2030 at a CAGR of 6.04% over the forecast period (2018-2030), according to the new Market Research Future (MRFR) report.
Flock adhesives, in simple terms, are chemically formulated products that are used in flocking, where several tiny particles are deposited on the textile surface. It is done to improve the overall characteristics of the product/substrate which results in better texture, better appeal and better appearance. Different methods are used to apply flock adhesives such as screen printing, dipping, spraying and brushing. It is selected based on the desired finish and characteristic properties. Some of the main characteristics of flock adhesives include pigmentation, solvent resistance, washability, flame retardancy, flexibility, among others.
Various factors are propelling the growth of the flocking adhesives market. These factors, according to the new Market Research Future (MRFR) report, include growing applications in different end-user industries such as packaging, printing, textiles and automotive, growing demand for luxury goods and of coated fabrics, shifts in consumer preference towards decorative and high-quality products, and increased spending and per capita income.
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The major market players of the Flock Adhesives market in the global market are:
International Coatings Company (USA)
KISSEL + WOLF GmbH (Germany)
Henkel AG AND CO. KGaA (Germany)
Union Ink (USA)
Sika AG (USA)
H. B. Fuller (USA)
Stahl Holdings BV (Netherlands)
DowDuPont Inc. (USA)
Bostik SA (USA)
Lord Corporation (USA)
COVID 19 analysis
The global COVID 19 pandemic has affected the lives of all businesses in the most negative way possible. It has pushed economies into a forced recession as a battle needs to be fought on the health front as well as the fiscal front. Due to the lockdown situation and post-lockdown situation, many manufacturing enterprises and production units have been shut down in the Flock Adhesives market, resulting in a decline in revenue and profit margin of the Marlet.
The flock adhesives market is expected to recover from this low income situation which was the result of a global pandemic at the end of the first quarter and the beginning of the second quarter of the coming year.
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The MRFR report provides global segmental analysis of the flocking adhesives market on the basis of source, application, and type.
On the basis of source, the flocking adhesives market is segmented into solvent-based and water-based adhesives. Among these, the waterborne segment will have the largest market share during the forecast period. It is expected to hit $2,412.2 million by 2030.
On the basis of application, the flock adhesive market is segmented into printing, paper & packaging, textile, automotive and others. Among these, the automotive segment will dominate the market during the forecast period.
Based on type, the flock adhesives market is segmented into epoxy, acrylic, polyurethane and others. Among these, the polyurethane segment will dominate the market during the forecast period. It is expected to hit $1,366.8 million by 2030.
Due to the increasing application of flock adhesives in automotive interiors, it acts as a driving factor in the flock adhesives market in the global market. Additionally, the growing use of flock adhesives in the textile industry for flocking garments along with other factors driving the flock adhesives market in the global market during the forecast period. Also due to increase in research and development along with new product launches in various emerging economies, it is helping to increase the market share in the flocking adhesives market in the global market.
The rising rise of the Flock Adhesives Market in the global market provides various opportunities for growth over the forecast period owing to various properties provided by flock adhesives such as effect washability and flame retardant which contribute to create growth opportunities in the global market.
The Flock adhesives market is growing at an alarming rate, but some factors are restraining the growth such as high initial cost and high maintenance cost, lack of qualified personnel. Another factor that is limiting the flock adhesives market is lack of awareness in various emerging countries and very less expenditure made by entrepreneurs to improve the market.
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By region, the Flock Adhesives Market report covers the latest trends and growth opportunities in Europe, North America, Asia-Pacific (APAC), Latin America, Middle East and Africa (MEA). Among these, Asia-Pacific will dominate the market during the period covered. Factors promoting growth in this region include the expansion of the automotive industry and the booming textile industry in China and India.
The flock adhesives market in North America is expected to witness healthy growth over the forecast period, primarily driven by the growing demand for flock adhesives from the automotive sector.
The flock adhesives market in Europe is expected to witness notable growth over the forecast period. Factors promoting growth in this region include the steady demand from the automotive industry coupled with the growing demand for luxury goods.
The flock adhesives market in MEA and Latin America is expected to grow steadily over the forecast period.
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2 Market overview
2.1 Definition 18
2.1 Scope of the study 18
2.2 List of assumptions 18
2.3 Market structure 19
3 Research methodology
3.1 Research process 21
3.2 Primary research 21
3.3 Secondary research 22
3.4 Market Size Estimation 23
3.5 Forecasting model 24
About Market Research Future:
At Market Research Future (MRFR), we enable our clients to unravel the complexity of various industries through our Cooked Research Reports (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Research in continuous feeding (CFR) and market research and advice on edibles.
The MRFR team has the overriding goal of providing our clients with the highest quality market research and intelligence services. Our market research by products, services, technologies, applications, end users and market players for market segments at global, regional and country level, enables our clients to see more, know more and do more, which helps answer all their most important questions.
In order to stay up to date with technology and industry work processes, the MRFR often plans and organizes meetings with industry experts and industrial visits for its research analyst members.
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