Flock Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

Flock Adhesives Market - Growth, Trends, COVID-19 Impact, and Forecasts (2022 - 2027)

The market for flock adhesive is expected to grow at a CAGR of more than 6% during the forecast period. One of the major factor driving the market studied is the increasing demand for coated fabrics & finished products.

Key Highlights

• Asia-Pacific dominated the market across the globe with the largest consumption in country such as China, India, etc.

Key Market TrendsIncrease Demand From Textile Industry

• The textile is expected to lead the growth of the market. Flock adhesives are used in the textile industry especially for flocking of suede fabrics.
• Jackets, shoes, leathers, shoes, shirts, purses, and furniture are the most common areas where flock adhesives are used.
• Growing in the textile industry at a good pace in Asia-Pacific countries like India, China is expected to drive the demand for flock adhesives in the textile sector.
• For instance, in India, with an increase in foreign direct investment (FDI) in the textile industry, from the past decade the production of textiles is increasing, thus resulting in increased use of flock adhesives. The country’s domestic textiles and apparel industry contributed almost 2.3% to India’s GDP and accounted for 13% of industrial production, and 12% of the country’s export earnings.
• Such above mentioned factors are expected to impact the textiles industry during the forecast period.

United States to Dominate North America Region

• The United States is the largest manufacturer of flock adhesives in the North America region. The demand is expected to increase because of the various growing industries.
• The textile industry in the United States is the fourth-largest exporter of textile-related products in the world. The United States is the world leader in textile R&D, with the textile complex in the country is developing next-generation textile materials, such as conductive fabric with antistatic properties, electronic textiles that can monitor heart rate and other vital signs, antimicrobial fibers, lifesaving body armor, and new fabrics that adapt to the climate to make the wearer warmer or cooler.
• The United States is the second-largest market for vehicle sales and production globally. The country’s automotive sector has been shaping up for product evolution, with the country focusing on manufacturing products to ensure fuel economy and reduced emissions, owing to environmental concerns, as well as increasing rate of pollution. The productions decreased in 2019. However there are chances of improvement in automotive industry outlook in United States during the forecast period which might induce positivity.
• Such factors are likely to increase the demand for the market over the forecast period.

Competitive Landscape

The flock adhesive market is consolidated in nature. Some of the prominent players in the market include Sika AG, Dow, H.B. Fuller Company, Henkel AG & Co. KGaA, and Kissel + Wolf GmbH, among others.

Additional Benefits:

• The market estimate (ME) sheet in Excel format
• 3 months of analyst support

Companies Mentioned

Argent International, Inc
Dow
H.B. Fuller Company
Henkel AG & Co. KGaA
International Coatings
Kissel + Wolf GmbH
Parker Hannifin Corp
NYATEX
Sika AG
Stahl Holdings B.V

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