Flock Adhesives Market Size, Growth, Trends, Company Share, Regional Insights and Forecast 2020 - 2027

The global Flock Adhesives market size is expected to be worth around US$ 2.86 billion by 2027 from US$ 1.97 billion in 2019, growing at a CAGR of 4.6% during forecast period 2020 to 2027.

Growth Factors

Increasing demand from the and automotive sectors is the prominent factor in driving the market growth. There is increasing growing adoption of the product in the manufacturing of thermal insulation, garments, automotive interior, and other mechanical tools, which is likely to open new revenue pockets for industry growth. However, the restricted supply of raw materials and considerably weak demand from end-use industries such as transportation in 2020 owing to the COVID-19 pandemic is likely to cause a significant decline in global demand for the year 2020.

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The market is expected to grow on account of the growing global industry which in turn is driven by rising population and increasing disposable income in emerging economies of Asia Pacific.

The ability of flock adhesives to offer significant resistance to chemicals and solvents coupled with superior flexibility and washability are the reasons for their large sale consumption in end-use industries such as textile, automotive, paper, and packaging, among others. In the automotive industry, the product is used for lamination, thermal, and sound insulation, as well as for bonding applications.

Product Insights

Polyurethane led the flock adhesives market and accounted for more than 45.0% share of the global revenue in 2019. Properties of polyurethanes such as good UV resistance, superior chemical resistance, toughness, durability, and exceptional abrasion resistance make it the most widely used product for flocking.

Acrylic is estimated to witness the fastest CAGR of 5.1%, in terms of revenue, from 2020 to 2027. The durability of the product coupled with its ability to bond to a variety of substrates is expected to drive the segment growth over the forecast period.

Epoxy adhesives are high strength and durable as epoxy chemistry has a special place in adhesives owing to its strength and versatile nature. Epoxy-based products adhere to a wide variety of materials and their superior properties are dependent on the nature of cross-linking polymers.

Application Insights

Textiles led the market and accounted for more than 37.0% share of the global revenue in 2019. In the textile industry, the product is used to enhance the feel of the garment by improving the smoothness of the fabric. Thus, rising demand for garments providing colorful and vibrant appearances is expected to propel the segment growth over the coming years.

In the automotive industry, the product forms a seal around automotive windows and thereby aids in thermal insulation. It is also used for noise reduction between automotive components. It is also used for bonding applications, thereby reducing the weight of an automobile. The rising demand for lightweight automobiles is likely to benefit product demand in the long term.

Paper and packaging are expected to see strong demand. Flocking is mainly used for luxury packaging for jewelry among other applications. The rising demand for jewelry in emerging economies of Asia Pacific is likely to aid to the luxury packaging industry, which is likely to stimulate the demand for flock adhesives.

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Regional Insights

Asia Pacific dominated the market and accounted for more than 41% in 2019. Rising demand from the large textile industry especially in China and India coupled with steady demand from packaging and automotive manufacturers present in the region is expected to drive the regional growth over the coming years.

North America is estimated to expand at a CAGR of 4.1%, in terms of revenue from 2020 to 2027. The implementation of the United States-Mexico-Canada Agreement (USMCA) is expected to encourage the domestic manufacturing of textiles in Mexico and Canada over the coming years. This in turn is likely to significantly drive market growth in North America.

Europe was the second-largest market in 2019. According to the European Commission; the textile and clothing sector of Europe plays an important role in the European manufacturing industry and is among the leaders in the world. The European textile & clothing industry generated a turnover of roughly USD 181 billion in 2019. This represents a huge opportunity for the flock adhesive industry.

Key Players

• Henkel AG & Co. KGaA
• H.B. Fuller Company
• Dow
• Sika AG
• KIWO
• NYATEX
• International Coatings
• Argent International, Inc.
• Parker Hannifin Corp
• Stahl Holdings

Market Segmentation

Flock Adhesives Product Outlook

• Acrylic
• Polyurethane
• Epoxy
• Others

Flock Adhesives Application Outlook

• Textiles
• Automotive
• Paper & packaging
• Others

Flock Adhesives Regional Outlook

• North America
  • The U.S.
  • Canada
  • Mexico
• Europe
  • Germany
  • The U.K.
  • France
• Asia Pacific
  • China
  • India
  • Japan
• Central & South America
  • Brazil
• Middle East & Africa

The Flock Adhesives market research report covers definition, classification, product classification, product application, development trend, product technology, competitive landscape, industrial chain structure, industry overview, national policy and planning analysis of the industry, the latest dynamic analysis, etc., and also includes major. The study includes drivers and restraints of the global market. It covers the impact of these drivers and restraints on the demand during the forecast period. The report also highlights opportunities in the market at the global level.

The report provides size (in terms of volume and value) of Flock Adhesives market for the base year 2019 and the forecast between 2020 and 2027. Market numbers have been estimated based on form and application. Market size and forecast for each application segment have been provided for the global and regional market.

This report focuses on the global Flock Adhesives market status, future forecast, growth opportunity, key market and key players. The study objectives are to present the Flock Adhesives market development in United States, Europe and China.

It is pertinent to consider that in a volatile global economy, we haven’t just conducted Flock Adhesives market forecasts in terms of CAGR, but also studied the market based on key parameters, including Year-on-Year (Y-o-Y) growth, to comprehend the certainty of the market and to find and present the lucrative opportunities in market.

In terms of production side, this report researches the Flock Adhesives capacity, production, value, ex-factory price, growth rate, market share for major manufacturers, regions (or countries) and type.

In terms of consumption side, this report focuses on the consumption of Flock Adhesives by regions (countries) and application.

Buyers of the report will have access to verified market figures, including global market size in terms of revenue and volume. As part of production analysis, the authors of the report have provided reliable estimations and calculations for global revenue and volume by Type segment of the global Flock Adhesives market. These figures have been provided in terms of both revenue and volume for the period 2016 to 2027. Additionally, the report provides accurate figures for production by region in terms of revenue as well as volume for the same period. The report also includes production capacity statistics for the same period.

With regard to production bases and technologies, the research in this report covers the production time, base distribution, technical parameters, research and development trends, technology sources, and sources of raw materials of major Flock Adhesives market companies.

Regarding the analysis of the industry chain, the research of this report covers the raw materials and equipment of Flock Adhesives market upstream, downstream customers, marketing channels, industry development trends and investment strategy recommendations. The more specific analysis also includes the main application areas of market and consumption, major regions and Consumption, major Chinese producers, distributors, raw material suppliers, equipment providers and their contact information, industry chain relationship analysis.

The research in this report also includes product parameters, production process, cost structure, and data information classified by region, technology and application. Finally, the paper model new project SWOT analysis and investment feasibility study of the case model.

Overall, this is an in-depth research report specifically for the Flock Adhesives industry. The research center uses an objective and fair way to conduct an in-depth analysis of the development trend of the industry, providing support and evidence for customer competition analysis, development planning, and investment decision-making. In the course of operation, the project has received support and assistance from technicians and marketing personnel in various links of the industry chain.

The Flock Adhesives market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies’ focus related to Flock Adhesives market.

Prominent players in the market are predicted to face tough competition from the new entrants. However, some of the key players are targeting to acquire the startup companies in order to maintain their dominance in the global market. For a detailed analysis of key companies, their strengths, weaknesses, threats, and opportunities are measured in the report by using industry-standard tools such as the SWOT analysis. Regional coverage of key companies is covered in the report to measure their dominance. Key manufacturers of Flock Adhesives market are focusing on introducing new products to meet the needs of the patrons. The feasibility of new products is also measured by using industry-standard tools.

Key companies are increasing their investments in research and development activities for the discovery of new products. There has also been a rise in the government funding for the introduction of new Flock Adhesives market. These factors have benefited the growth of the global market for Flock Adhesives. Going forward, key companies are predicted to benefit from the new product launches and the adoption of technological advancements. Technical advancements have benefited many industries and the global industry is not an exception.

New product launches and the expansion of already existing business are predicted to benefit the key players in maintaining their dominance in the global market for Flock Adhesives. The global market is segmented on the basis of region, application, en-users and product type. Based on region, the market is divided into North America, Europe, Asia-Pacific, Latin America and Middle East and Africa (MEA).

In this study, the years considered to estimate the market size of Flock Adhesives are as follows:

• Historic Year: 2016-2019
• Base Year: 2020
• Forecast Year 2020 to 2027

Reasons to Purchase this Report:

- Market segmentation analysis including qualitative and quantitative research incorporating the impact of economic and policy aspects
- Regional and country level analysis integrating the demand and supply forces that are influencing the growth of the market.
- Market value USD Million and volume Units Million data for each segment and sub-segment
- Competitive landscape involving the market share of major players, along with the new projects and strategies adopted by players in the past five years
- Comprehensive company profiles covering the product offerings, key financial information, recent developments, SWOT analysis, and strategies employed by the major market players

Research Methodology:

In-depth interviews and discussions were conducted with several key market participants and opinion leaders to compile the research report.

This research study involved the extensive usage of both primary and secondary data sources. The research process involved the study of various factors affecting the industry, including the government policy, market environment, competitive landscape, historical data, present trends in the market, technological innovation, upcoming technologies and the technical progress in related industry, and market risks, opportunities, market barriers and challenges. The following illustrative figure shows the market research methodology applied in this report.

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