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
Pune - January 24, 2022 /MarketersMedia/ —
Flock Adhesives Market Overview
The global flock adhesives market is expected to touch USD 3,275 million by 2030 at a 6.04% CAGR over the forecast period (2018-2030), states the new Market Research Future (MRFR) report.
Flock adhesives, simply put, are chemically formulated products that are used in flocking, where several tiny particles are deposited on the textile surface. It is done for improving the product/substrate’s overall characteristics that translate to better texture, appeal, and appearance. Different methods are used for applying flock adhesives such as silk-screen, dipping, spraying, and brushing. It is selected depending on the desired finish and characteristic properties. Some of the key characteristics of flock adhesives include pigmentation, solvent resistance, wash-ability, flame retardancy, flexibility, among others.
Various factors are propelling the flock adhesives market growth. These factors as per the new Market Research Future (MRFR) report, include growing applications across different end user industries such as packaging, printing, textiles, and automotive, growing demand for luxury products and coated fabrics, shift in consumer preference towards decorative and high-quality products, and rising expenditure and per capita income.
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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.)
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.
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Segmentation
The MRFR report provides an all-inclusive segmental analysis of the flock adhesives market on the basis of source, application, and type.
Based on source, the flock adhesives market is segmented into solvent-borne and waterborne adhesives. Of these, the waterborne segment will have the largest share in the market over the forecast period. It is predicted to touch USD 2,412.2 million by 2030.
Based on application, the flock adhesives market is segmented into printing, paper and packaging, textile, automotive, and others. Of these, the automotive segment will lead the market over the forecast period.
Based on type, the flock adhesives market is segmented into epoxy, acrylic, polyurethane, and others. Of these, the polyurethane segment will dominate the market over the forecast period. It is predicted to touch USD 1,366.8 million by 2030.
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.
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Regional Insights:
By region, the flock adhesives market report covers the latest trends and growth opportunities across Europe, North America, the Asia Pacific (APAC), Latin America, and the Middle East and Africa (MEA). Of these, the Asia Pacific will dominate the market over the overcast period. Factors aiding growth in this region include the expanding automotive industry and the growing textile industry in China and India.
The flock adhesives market in North America is predicted to have a healthy growth over the forecast period chiefly due to the burgeoning demand for flock adhesives from the automotive sector.
The flock adhesives market in Europe is predicted to have a notable growth over the forecast period. Factors aiding growth in this region include the steady demand from the automotive industry, coupled with the burgeoning demand for luxury products.
The flock adhesives market in the MEA and Latin America are predicted to have a steady growth during the forecast period.
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Table Of Contents:
1 Executive Summary
2 Market Introduction
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 Forecast Model 24
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At Market Research Future (MRFR), we enable our customers to unravel the complexity of various industries through our Cooked Research Report (CRR), Half-Cooked Research Reports (HCRR), Raw Research Reports (3R), Continuous-Feed Research (CFR), and Market Research & Consulting Edibles.
MRFR team have supreme objective to provide the optimum quality market research and intelligence services to our clients. Our market research studies by products, services, technologies, applications, end users, and market players for global, regional, and country level market segments, enable our clients to see more, know more, and do more, which help to answer all their most important questions.
In order to stay updated with technology and work process of the industry, MRFR often plans & conducts meet with the industry experts and industrial visits for its research analyst members.
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