The global flock adhesive market, which refers to the market for a type of adhesive used for decorative purposes, was valued at USD 2,303.5 million in 2017. It is projected to reach USD 3,275.0 million by the end of the forecast period, with a Compound Annual Growth Rate (CAGR) of 6.04%. In terms of volume, the global market was 776.4 thousand tons in 2017 and is expected to grow at a CAGR of 5.22% during the forecast period. The growth of the global flock adhesive market is influenced by several factors, including the increasing production of automobiles and the rise in consumer purchasing power worldwide. Additionally, the application industry in the Asia Pacific region is experiencing significant growth, which is expected to further fuel the global flock adhesive market.
Flock adhesives are used in various industries to add decorative surfaces. Among these industries, the automotive sector is expected to drive the demand for flock adhesive. This is because flock adhesives offer flexibility and strong bonding properties, which are essential for the automotive industry. As consumers have a higher purchasing power, their expectations for vehicle comfort and interior quality also increase. This leads to a higher demand for flocking technology and, consequently, flock adhesive in the automotive industry.
Water borne flock adhesives are preferred in various industries due to their ease of use, cost-effectiveness, and environmental friendliness. They provide strong bonding properties and are suitable for applications where flexibility is required. The automotive industry, in particular, benefits from water borne flock adhesives as they meet the quality standards and requirements for vehicle interiors.
In conclusion, the global flock adhesive market is witnessing steady growth. Factors such as the increasing production of automobiles and the rise in consumer purchasing power are driving the demand for flock adhesive. The Asia Pacific region is experiencing significant growth in the application industry, which further fuels the global flock adhesive market. The water borne flock adhesive segment holds the largest market share and is expected to continue growing due to its ease of use, cost-effectiveness, and environmental benefits. As the market evolves, it is expected that the demand for flock adhesive will continue to rise, especially in industries such as automotive, textiles, and packaging.
Report Attribute/Metric | Details |
---|---|
Market Size Value In 2022 | USD 2.9 Billion |
Market Size Value In 2023 | USD 3.05 Billion |
Growth Rate | 5.51% (2023-2032) |
Flock Adhesives Market Size was valued at USD 3.05 Billion in 2023. The Flock Adhesives industry is projected to grow from USD 3.22 Billion in 2024 to USD 4.69 Billion by 2032, exhibiting a compound annual growth rate (CAGR) of 4.82% during the forecast period (2024 - 2032). Growing demand in automotive industry, rise in furniture and upholstery applications, shift towards environmentally friendly products, increased adoption in textile industry, advancements in adhesive technologies, expansion in packaging industry, growing construction and diy sectors, emerging markets, customization and personalization, are the key market drivers enhancing the market growth.
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The market for flock adhesives is one of many that has seen a major boost from the trend toward ecologically friendly products. Consumers, government agencies, and companies are putting more of an emphasis on sustainability and lowering their environmental effect as knowledge of environmental issues continues to spread worldwide. The flock adhesives market is significantly impacted by this fundamental shift in consumer behavior and business processes, which shapes its expansion, innovation, and competitive environment.
The market for flock adhesives is being driven by the shift towards ecologically friendly products due to shifting consumer preferences. Consumers of today are increasingly aware of how their purchases may affect the environment. They look for goods that reflect their ideals and give sustainability a high priority, from the raw materials to the production procedures. Manufacturers are forced to adjust to this changing demand as flock adhesives with fewer hazardous ingredients and lower VOC emissions become more popular.
regulatory organizations are putting more of an emphasis on sustainable manufacturing methods and environmental preservation. The use of hazardous materials in products, particularly adhesives, is being restricted by strict restrictions. Manufacturers of adhesives are under pressure to follow these rules and receive certifications like REACH (Registration, Evaluation, Authorization, and Restriction of Chemicals) and RoHS (Restriction of Hazardous Substances) in order to do so. As a result, more ecologically friendly flock adhesives that satisfy these regulatory standards are being developed and used. Additionally, businesses are beginning to understand that implementing sustainable practices offers both a tactical advantage and a moral duty. Brands that show a dedication to sustainability can improve their reputation and draw in a larger audience. Adoption of green flock adhesives has the potential to become a key differentiation in the market and draw in customers who value green products.
The market for flock adhesives is being stimulated by innovation due to the shift toward ecologically friendly products. Manufacturers are spending money on R&D to produce new formulas that function better while having less of an impact on the environment. As a result of this desire for innovation, bio-based flock adhesives, which are made from renewable resources instead of petroleum, have been created as an alternative to traditional petroleum-based adhesives. These developments not only serve the environmentally concerned consumer sector but also give firms access to new markets.
Environmental issues affect the entire supply chain in addition to the final product. To ensure ethical manufacturing procedures and sustainable raw material procurement, businesses are increasingly examining their suppliers' business operations. Flock adhesive suppliers are under pressure to demonstrate their commitment to environmental responsibility and to give transparency. In order to compete in the market, more suppliers are making investments in eco-friendly raw materials and sustainable business methods. The market for flock adhesives is being increasingly impacted by sustainability labels and certifications. Consumers can discover products that adhere to strict environmental standards by looking for certifications like LEED (Leadership in Energy and Environmental Design) and EcoLogo. Flock adhesive producers can gain a competitive edge and show their dedication to sustainability by gaining these certifications, which will draw in customers who care about the environment. Thus, driving the Flock Adhesives market revenue.
The Flock Adhesives market segmentation, based on Source, includes Waterborne and Solvent-borne. The waterborne segment dominated the market in 2022. Waterborne flock adhesives are typically less harmful to the environment and end users' health. The demand for aqueous adhesives in manufacturing processes resulted from an increase in the importance of workplace health and safety in various industries.
The Flock Adhesives market segmentation, based on Application, includes Automotive, Textile, Printing, Paper & Packaging, Others. The automotive category generated the most income 2022. There is a rising demand in the automobile industry for luxury and comfort-oriented premium vehicles. Flock adhesives contribute to the overall impression of luxury while helping to achieve these objectives by offering a velvety and attractive interior surface.
Figure 1: Flock Adhesives Market, by Source, 2022 & 2032 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
The Flock Adhesives market segmentation, based on Type, includes Polyurethane, Acrylic, Epoxy and Others. The acrylic category generated the most income in 2022. Acrylic flock adhesives offer improved adhesion to low-energy materials like coated cellophanes, polyester, polystyrene, and PVC foils. Acrylic flock adhesives expand their use alongside paper and board production. Flock adhesives with an acrylic base offer great qualities including stain and heat resistance.
By region, the study provides the market insights into North America, Europe, Asia-Pacific and Rest of the World. The Asia-Pacific Flock Adhesives Market dominated this market in 2022 (45.80%). Flock adhesives are an excellent choice for usage in the plastics and polymeric industries because of their moisture resilience, non-brittle nature, flame resistance, and stain resistance. Additionally, flock adhesives are frequently utilized in concrete and wood carpets in contemporary theme-based structures to give wooden and concrete designs a glossy sheen. Moreover, China’s Flock Adhesives market held the largest market share, and the Indian Flock Adhesives market was the fastest growing market in the Asia-Pacific region.
Further, the major countries studied in the market report are The U.S., Canada, German, France, the UK, Italy, Spain, China, Japan, India, Australia, South Korea, and Brazil.
Figure 2: FLOCK ADHESIVES MARKET SHARE BY REGION 2022 (USD Billion)
Source: Secondary Research, Primary Research, MRFR Database and Analyst Review
Europe Flock Adhesives market accounts for the second-largest market share. Due to its compatibility with a variety of natural and synthetic textiles, ease of heat curing, and ability to be softened, water-based flock adhesives can be utilized successfully in the textile industry. It is the primary market trend in the European flock adhesives market. Further, the German Flock Adhesives market held the largest market share, and the UK Flock Adhesives market was the fastest growing market in the European region.
The North America Flock Adhesives Market is expected to grow at the fastest CAGR from 2023 to 2032. Flock adhesives give vehicles a smooth, opulent, lightweight finish and increased energy efficiency. It is the primary market trend in the flock adhesives industry in North America. Fibers made from flock adhesives have good qualities like low weight, comfort and flexibility, chemical inertness, and increased fuel efficiency. Further, the U.S. Flock Adhesives market held the largest market share, and the Canada Flock Adhesives market was the fastest growing market in the North America region.
Leading market players are investing heavily in research and development in order to expand their product lines, which will help the Flock Adhesives market, grow even more. Market participants are also undertaking a variety of strategic activities to expand their footprint, with important market developments including new product launches, contractual agreements, mergers and acquisitions, higher investments, and collaboration with other organizations. To expand and survive in a more competitive and rising market climate, Flock Adhesives industry must offer cost-effective items.
Manufacturing locally to minimize operational costs is one of the key business tactics used by manufacturers in the Flock Adhesives industry to benefit clients and increase the market sector. In recent years, the Flock Adhesives industry has offered some of the most significant advantages to medicine. Major players in the Flock Adhesives market, including 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.) and others, are attempting to increase market demand by investing in research and development operations.
H.B. Fuller Co. (H.B. Fuller) creates, produces, and sells speciality chemical products like adhesives and sealants. The business provides a variety of items for use in residential building markets, including grout, sealants, tile-setting adhesives, and associated goods. Electronics, speciality polymers, healthcare, disposable hygiene, transportation, sustainable energy, packaging, woodworking, general industries, and other consumer enterprises are some of its customers. To satisfy the unique needs of consumers, the business also provides technical assistance and specialized solutions. In addition to North America, Europe, Latin America, Asia-Pacific, India, the Middle East, and Africa, it markets its products there as well. The US city of St. Paul, Minnesota, serves as the headquarters of H.B. Fuller.
An organization that offers technology-based materials and solutions is DuPont de Nemours Inc (DuPont), formerly known as DowDuPont Inc. It provides materials and printing systems to the advanced printing sector as well as materials and solutions for the production of integrated circuits and semiconductors, addressing both the front and back ends of the manufacturing process. Adhesives, advanced printing solutions, animal nutrition, building supplies, biomaterials, electronic solutions, textiles, fibers & nonwovens, food & beverage ingredients, industrial films, medical devices, resins, and other products are among the company's product offerings. Automobile, building and construction, energy, electronics, food and beverage, aerospace, textile, medical, personal care, and packaging and printing are just a few of the industries it supports. Wilmington, Delaware is the US city where DuPont is headquartered.
May 2022: Sika has agreed to sell Aliva Equipment, a Swiss manufacturer of shotcrete equipment, to Normet Group Oy, a manufacturer of subterranean construction products based in Finland.
March 2022: Sika buys Canadian cementitious and mortars producer Sable Marco Inc. The complementary acquisition, headquartered in Pont Rouge, close to Québec City, would greatly increase Sika's access to the retail distribution channel and offer up new opportunities for the company in Eastern Canada. The acquired business brings around CHF 20 million annually.
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