The Global Flock Adhesives Market- Growth, COVID-19 impact and Forecast (2021-2025)
The Flock Adhesives market is segmented by Product Type (Acrylic, Polyurethane, Epoxy, and Others); Application (Textiles, Automotive, Paper and packaging, and Others); Geography (North America, Europe, APAC, and ROW).
Introduction
Flock adhesives are binding materials that are used to bind different substrates such as rubber, plastic, and metals. Adhesive flocking is carried out by incorporating fiber particles electro-statically into adhesive layers.
The usage of flock adhesives in systems provides several advantages such as slip free force transmission, prevention of mechanical noise, reduced ambience sound, and enhanced heat insulation.
Due to its characteristics such as environment friendly nature, elasticity, softness, resistance to scratches, and stability propel growth of the global market. Also, increasing demand from the textile and automotive sectors is the prominent factor in driving the market growth.
During Pandemic period, the demand for flock adhesives has grown drastically due to rise in use for manufacturing of corona testing kits and swabs.
Table of Contents
Executive Summary
Scope of the report
Research Methodology
Executive Summary
Introduction
5.1 Parent Market/ TAM
5.2 Market Outline
5.3 Market Segmentation
6. Five Force analysis
7. Market Sizing
8. Market segmentation
9.Geographical Landscape
9.1 APAC
9.2 Europe
9.3 North America
9.4 ROW
10. Growth drivers
10.1 Upsurge in utilization of flock adhesives in sectors such as packaging, cosmetics, and furniture
10.2 Rise in demand for the product from the textile and automotive sectors.
11. Key Market Trends
12. Impact of Covid-19
13. Challenges
14. Customer Insights analysis
15. Major Market Players
15.1 Henkel
15.2 H.B. Fuller Company
15.3 Franklin International
15.4 Sika
15.5 KIWO
15.6 NYATEX
15.7 Argent International
15.8 LORD Corporation
15.9 Weifang Ruiguang Chemical
16. Recent Developments
17. Future Scope
18. Strategic Recommendations
Market Overview
The global flock adhesives market is expected to grow to $2.90 billion by 2025
Growth momentum is expected to accelerate during the forecast period with a 4.75% CAGR.
The increase in demand for lightweight and low carbon-emitting vehicles and continuous technological advancements in end-use industries are anticipated to drive the market.
APAC is a prominent regional market due to rising demand from the large textile industry, especially in China and India
Key Trends
The increase in demand for lightweight and low carbon-emitting vehicles and continuous technological advancements in end-use industries is expected to boost the growth of the market.
The rise in demand for low-VOC, green, and sustainable flock adhesives is likely to create opportunities for the market in the coming years.
Key Market Players
Some of the key players in the market are Henkel, H.B. Fuller Company, Franklin International, Sika, KIWO, NYATEX.
Companies are also adopting collaborative business strategies owing to key factors such as, to increase their productivity, providing highly regarded products to consumers, and expanding their regional presence.
Growth Drivers and Challenges
Upsurge in the utilization of flock adhesives in sectors such as packaging, cosmetics, and furniture is driving the market demand.
The rise in demand for the product from the textile and automotive sectors in chromatography resins is driving the market.