Flock Adhesives Market to Register Fabulous CAGR from for 2021 - 2030

Pune, India, September, 2018 /press release/- Market Research Future Published a Half-Cooked Research Report on Flock Adhesives Market Research Report.

Flock Adhesives provide excellent bonding to many different types of substrate they are applied on, such as plastics, textiles, metals, wood, glass, and paper. They are used to improve the feel of a garment, noise reduction and to provide thermal insulation. Besides, flock adhesives offer enhanced durability, sustainability, safety, comfort, and vibration to the products.

Flocks are majorly consumed in the automobile manufacturing sectors. Due to stringent emission norms, automotive regulations, including crash, safety, and engine downsizing automakers are adopting light-weight auto parts and materials such as fiber to reduce the total vehicle weight.

Working in the same direction, manufacturers of flocks, are too driving cutting-edge technologies that are focused on sustainable light-weighting solutions to help OEMs achieve their targets of weight reduction, cost efficiency, and better fuel economy while enhancing safety and comfort in vehicles.

Additionally, flocks are also used for car body interior and exterior applications such as interior lamination adhesives, bonding and sealing solutions for exterior components. As a result, the automotive manufacturing sector generates a vast demand for flock adhesives which is helping the flock adhesives market to grow on the global platform.

Considering the rapid market expansion, Market Research Future (MRFR) in its recently published study report, asserts that the global flock adhesives market is forecasted to grow exponentially by 2023, registering a staggering CAGR during the review period (2023 - 2030). Paper and packaging sector is another lucrative application of flock adhesives, driving the demand hugely.

On the other hand, fluctuating prices of raw materials required for the production of flock adhesives is a key factor obstructing the market growth.  Also, the demand and supply gap of these raw materials is hindering the market growth equally. To tackle these situations, key players are working on to strengthen their supply chain.

Global Flock Adhesives Markets – Segments

The report is segmented into three key dynamics for the convenience;

By Resin Type         : Acrylics, Polyurethane, and Epoxy among others.

By Application       : Automotive, Textiles, Paper & Packaging among others.

By Region                :  North America, Europe, APAC and the Rest-of-the-World.

The subsegment acrylics owns the majority of the market share owing to the unique features offered by the resin type such as excellent chemical and thermal resistance.

Whereas, the subsegment polyurethane resin is projected to witness a rapid growth in the market owing to its growing consumption in the automobile, and paper & packaging sectors, among others.

The subsegment automobile accounts for a substantial share of the market by applications owing to the major switch to lightweight materials to improve the efficiency and performance of vehicles.

Whereas, the subsegment paper & packaging generates a major demand for the flock adhesives, witnessing rising sales of greeting cards, gifts, and packaging. The subsegment is expected to lead the application segment during the assessment period.

Additionally, the subsegment textiles will experience a higher growth owing to the ability of flocks to improve the aesthetics of the product. Therefore, the increased flock density, durability, and reliable nature are the major driving forces behind the consumption of adhesives in most of the heavy-end industries.

Global Flock Adhesives Markets – Geographical Analysis

Globally, the Asia Pacific region dominates the global flock adhesives market owing to the increasing adoption of lightweight materials in automotive, paper & packaging, and textiles among others. The burgeoning automotive industry in the region is expected to generate enormous demand for flock adhesives during the review period.

Consequently, countries such as China, Japan, and India, backed by their growing automotive sectors contribute majorly to the market in the region. Furthermore, improving the economy in the region is boosting the demand for flock adhesives, improving the standard of living and increasing consumers’ purchasing power.

North America flock adhesives market emerging as the fastest growing market accounts for a substantial market share on the global platform. Factors such as the increased consumption of adhesives in textiles and paper packaging sectors, substantiate the market growth in the region.

Also, factors such as growing investments in the end-use industries and technological advancement along with the augmenting uptake of the material boost the market growth in the region. Simultaneously, the presence of leading global players is one of the key driving forces, substantiating the growth in the region. Witnessing a broad uptake across the region the North America flock adhesives market is expected to significantly contribute to the GDP of the region throughout the assessment period. 

The Europe flock adhesives market is emerging as one of the promising markets, witnessing the implementation of new regulations proposed by the government to follow lightweight and biocompatible resins in the industry. Besides, the growing consumption of lightweight materials in the automobile sector has propelled the market growth to an extent. Flock adhesives market in the UK, Italy, Germany, and France, driven by growing innovation and technological advancement are supporting the market growth.

Global Flock Adhesives Markets – Competitive Analysis

The highly competitive flock adhesives market appears fragmented due to some large and small key players alongside the new entrants are forming a competitive landscape. Significant investments are made into R&D activities to develop technically advanced materials. Some of the key strategies traced from the analysis of recent proceedings of the key players include agreement & partnership, product launch, expansion, and acquisition. also, developing state of the art manufacturing facilities and strong sales and distribution network are other key strategies helping the key players to acquire the leadership position in the market. Growing markets in some of the developing countries of APAC such as China, and India, create additional opportunities, attracting manufacturers from the developed region.

Key Players:

The global flock adhesives market is driven by some of the leading players including H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), The Dow Chemical Company (US), NYATEX(US), LORD Corporation (US), Stahl Holdings B.V(the Netherlands), Sika AG(Switzerland), International Coatings (US), Gemteks Tekstil Boyalari (Turkey), and Kissel + Wolf (KIWO - Germany)

Industry/ Innovations/ Related News:

September 12, 2018 – Henkel AG & Co. KGaA (Germany), a leading global adhesive and sealant company laid the cornerstone for the new global innovation center of its Adhesive Technologies business at the company’s headquarters in Düsseldorf. The venture involves an investment of more than 130 Mn. Euros. The facility alongside offering around 350 Henkel experts to develop new technologies and applications will also serve as a global customer center, for Henkel to present new solutions for adhesives, sealants and functional coatings. The project is estimated to be completed by the end of 2020.

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