Global Flock Adhesives Market Size By Resin Type (Acrylics, Polyurethane, Epoxy Resins), By Application (Automotive, Textiles, Paper & Packaging), By Geographic Scope And Forecast
Published Date: August - 2024 | Publisher: MIR | No of Pages: 320 | Industry: latest updates trending Report | Format: Report available in PDF / Excel Format
View Details Download Sample Ask for Discount Request CustomizationGlobal Flock Adhesives Market Size By Resin Type (Acrylics, Polyurethane, Epoxy Resins), By Application (Automotive, Textiles, Paper & Packaging), By Geographic Scope And Forecast
Flock Adhesives Market Size And Forecast
Flock Adhesives Market size was valued at USD 3.18 Billion in the year 2022 and it is expected to reach USD 5.11 Billion in 2030, growing at a CAGR of 6% from 2023 to 2030.
The manufacture, distribution, and use of adhesives especially created for flocking procedures are a part of the Global Flock Adhesives Market. Flock adhesives are essential for creating appealing and textured surfaces across a variety of sectors because they can create strong and long-lasting connections between flock fibers and different substrates. The Global Flock Adhesives Market report provides a holistic evaluation of the market. The report offers a comprehensive analysis of key segments, trends, drivers, restraints, competitive landscape, and factors playing a substantial role in the market.
Global Flock Adhesives Market Definition
Flocking is a technique used to apply tiny fibers to a surface to give it a velvety or textured appearance. Flock adhesives play a crucial role in this process by securely bonding the flock fibers to the desired substrate. The formulation of flock adhesives allows for strong adhesion between flock fibers and a variety of substrates, such as fabrics, plastics, metals, and wood. They are built to endure a variety of external factors and ensure the flocked surface’s long-lasting resilience. Excellent bond strength, flexibility, and resilience to abrasion, heat, moisture, and chemicals are all features of these adhesives.
Numerous industries, such as those in the automotive, textile, packaging, furniture, and consumer products, are served by the Global Flock Adhesives Market. Flock adhesives are utilized in the automotive industry for things like headliners, pillars, door panels, and instrument panels. They are used in the textile industry for flocking clothing, upholstery, and decorative fabrics. Flock adhesives are frequently used in packaging to make boxes, packaging inserts, and displays that have appealing and tactile surfaces. Several variables influence the market for flock adhesives. The need for these adhesives is fueled by rising consumer desire for luxurious and aesthetically pleasing goods and by flocking’s growing adoption across a range of sectors.
Additionally, the growing textile and automotive sectors in emerging economies support market expansion. In addition, new adhesive technologies including water-based and solvent-free formulations offer eco-friendly substitutes, supporting market expansion. With both multinational and local manufacturers, the market for flock adhesives is quite competitive. To obtain a competitive edge, businesses in this industry concentrate on product innovation, research and development, and strategic collaborations. They also place a strong emphasis on growing their geographic reach in order to access new markets and meet changing consumer demands.
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Global Flock Adhesives Market Overview
The Global Flock Adhesives Market is a booming market that is supported by a number of important aspects. There are obstacles and limitations that affect the market at the same time. The market for flock adhesives is significantly influenced by the automotive industry. For boosting aesthetics, improving tactile feel, and lowering noise and vibration, flocking is widely utilized in automobile interiors. High-quality flock adhesives are now more necessary than ever because of the rising demand for luxury and premium vehicles, particularly in emerging nations. There has been a constant rise in demand for decorative and upholstery applications.
Flock adhesives are widely used in ornamental applications, including fabrics, wallpaper, home furnishings, and packaging. The market for flock adhesives is expanding as a result of the rising demand for aesthetically appealing and distinctive surface finishes in various sectors. Innovative flocking methods have emerged as a result of technological development, including electrostatic flocking and digital printing, both of which call for specialized adhesives. The need for flock adhesives has increased as a result of the expansion of flocking applications. The market for global wood bio-products has some limitations and difficulties despite the growth prospects.
The price of raw materials, especially those generated from petrochemicals, might fluctuate, which can affect the market for flock adhesives. Price fluctuation can have an impact on market expansion and the profitability of adhesive makers. Hence, maintaining a steady supply chain and price structure may be difficult for manufacturers. Traditional flock adhesives frequently include volatile organic compounds (VOCs) and other dangerous substances that have a negative influence on the environment. The creation of environmentally friendly alternatives has been pushed by strict restrictions and rising consumer awareness of the environment.
To provide flock adhesives with low VOC and that are ecologically friendly, adhesive manufacturers must make research and development investments. Alternative processes that may replicate the appearance and texture of flocked surfaces include embossing, printing, and coating. The development of the market for flock adhesives may be hampered by the potential cost savings or application-specific advantages offered by these technologies. Overall, the demand from the automotive industry, rising applications in the ornamental and upholstery industries, and improvements in flocking technologies are what is driving the global market for flock adhesives. The market’s expansion is, however, constrained by issues with raw material costs, environmental issues, and competition from alternative technologies.
Global Flock Adhesives Market Segmentation Analysis
The Global Flock Adhesives Market is segmented on the basis of Resin Type, Application, and Geography.
Flock Adhesives Market, By Resin Type
- Acrylics
- Polyurethane
- Epoxy Resins
- Others
Based on Resin Type, the market is bifurcated into Acrylics, Polyurethane, Epoxy Resins, and Others. The acrylic segment holds the largest market share and is estimated to witness the highest CAGR during the forecast period. They are increasingly used in metal and plastic substrates, primarily in automotive applications. When mixed with substrates like plastics, metals, textiles, carpet, ceramics, concrete, and wood composites, acrylic-based adhesives provide a long-lasting and water-resistant coating. Adhesives with an acrylic base also have applications since they can bond to a variety of substrates. Before applying water-based paints or coatings, these adhesives can also be used to seal the edges of wood composite boards.
Flock Adhesives Market, By Application
- Automotive
- Textiles
- Paper & Packaging
- Others
Based on Application, the market is bifurcated into Automotive, Textiles, Paper & Packaging, and others. The segment for automotive has the largest market share and is anticipated to grow at the fastest rate over the coming years. Automobiles frequently include flocks, particularly in the interior of the vehicle. They are used to add decorative finishes to headlining, glove and coin compartments, door trim, and various other areas of automobiles. Additionally, flocks are used on window rubbers to provide them with a smooth operating surface to avoid freezing in the winter. Flock adhesives are used to join a variety of substrates, including metals, plastic, and rubber. The most popular flock adhesives used in automobiles are those made of acrylic and polyurethane.
Flock Adhesives Market, By Geography
- North America
- Europe
- Asia Pacific
- Latin America
- Middle East and Africa
On the basis of Geography, the Global Flock Adhesives Market is segmented into North America, Europe, Asia Pacific, Latin America, and the Middle East and Africa. In the Global Flock Adhesives Market, Asia Pacific has the greatest market share, and it is expected to continue expanding steadily over the forecast period. To take advantage of the low manufacturing costs, many flock adhesives manufacturers are establishing or growing their manufacturing facilities in Asia Pacific. Due to the rise in need for flock adhesives across a variety of applications, the region’s rising disposable income, and easy access to resources, Asia Pacific has become the dominant market for flock adhesives. Despite the general slump in the global economy, flock adhesive makers have significant potential prospects in Asia Pacific.
Key Players
The “Global Flock Adhesives Market” study report will provide valuable insights with an emphasis on the global market scenario. The major companies operating in the market are Henkel, Stahl Holdings BV, H.B. Fuller, CHT Germany, Dow Chemical, Avient, Sika Group, Swiss Flock, Nyatex Chemical Company, Kissel + Wolf, International Coatings Company, LORD Corporation, Union Ink, Bostik, and Parker Hannifin Corporation.
Our market analysis offers detailed information on major players wherein our analysts provide insight into the financial statements of all the major players, product portfolio, product benchmarking, and SWOT analysis. The competitive landscape section also includes market share analysis, key development strategies, recent developments, and market ranking analysis of the above-mentioned players globally.
Key Developments
- In March 2022, Sika acquired Sable Marco Inc., a Canadian company that makes cementitious goods and mortars. The acquisition is anticipated to increase Sika’s access to the retail distribution channel and present new potential for the company in Canada’s eastern provinces. The acquisition will make it possible to establish connections with brand-new, highly prospective clients.
- In April 2021, under its well-known Flextra Evolution brand, H.B. Fuller introduced two new biodegradable adhesive products that have several distinct advantages in terms of sustainability objectives and manufacturing benefits. The adhesive in flexible packaging binds the entire structure together, thus in order for the entire package to be compostable, the adhesive itself must be compostable.
Report Scope
Report Attributes | Details |
---|---|
Study Period | 2019-2030 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Period | 2019-2021 |
Unit | Value (USD Billion) |
Key Companies Profiled | Henkel, Stahl Holdings BV, H.B. Fuller, CHT Germany, Dow Chemical, Avient, Sika Group, Swiss Flock, Nyatex Chemical Company, Kissel + Wolf. |
Segments Covered |
|
Customization scope | Free report customization (equivalent to up to 4 analyst’s working days) with purchase. Addition or alteration to country, regional & segment scope |
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