Flock Adhesives Market Size Worth $2.87 Billion By 2027 | CAGR: 4.7% | Grand View Research, Inc.

October 16 12:31 2020
Flock Adhesives Market Size Worth $2.87 Billion By 2027 | CAGR: 4.7% | Grand View Research, Inc.

Grand View Research, Inc. – Market Research And Consulting.
According to a new report by Grand View Research, Inc., The global flock adhesives market size was valued at USD 1.98 billion in 2019 and is expected to expand at a compounded annual growth rate (CAGR) of 4.7% from 2020 to 2027. Increasing demand from the textile and automotive sectors is the prominent factor in driving the market growth.

As per the report by Grand View Research Inc., the global Flock Adhesives Market is estimated at USD 2.87 billion by 2027. It is expected to develop by a 4.7% CAGR from 2020 to 2027. The flocks are equipped with the man-made fibers in the procedure of textile printing. These flocks are cut down in predetermined dimensions. After that, according to the requirement, the bottom material is selected for an additional procedure. The bottom material is covered with various flock adhesive resins such as plastisol, epoxy resin and others. Diverse techniques of flocking, such as electrostatic process, compressed air are used according to the need in the flocking procedure. The flock adhesive is expected to comply with the the consistent with the requirements of the substrate to be flocked. Diverse flock adhesives are utilized, for instance epoxy resin, acrylics and others. These are employed across industries similar to packaging, textiles and paper. Furthermore, these flock adhesives are useful in the internal surface of the automobile, to give scrape less polish to the ceiling, which helps to assemble the modular window.

Due to the increasing textile manufacturing across the world, the market for flock adhesives is projected to increase, during the period of forecast. The market for textile is pushed by growing disposable income and increasing population, in Asia Pacific.

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Effect of Covid-19:

The eruption of the Covid-19 pandemic during the initial period of the year 2020 has severely affected the manufacturing divisions of the global industry because of the decreasing demand and the disruption in supply chain. This is expected to impede the development of the industrialized sector in 2020. Yet, Asia Pacific is expected to speedily recuperate, since South Korea and China have effectively resumed their industrial operations.

https://www.grandviewresearch.com/static/img/research/us-flock-adhesives-market-size.png

Further findings from the report suggest:

  • Due to the flexibility presented by the product, acrylic is expected to observe the best 3.6% CAGR, in terms of capacity, during the period of the forecast.
  • As a result of growing consumption of the flock adhesives to upgrade the visual look of the fabric and the clothing, textile application is estimated to record the top 5.0% CAGR, during the period of forecast, in terms of revenue.
  • In terms of the capacity, the automotive sector acquired almost 31% share in 2019. This was credited to increasing use of the product for insulation and lamination of the automobiles.
  • Caused by the operational advantages for example, significant resistance to impact and the toughness presented by the product, polyurethane directed the market, by means of holding above 45% shares in 2019. 
  • By way of holding about 45% volume share, Asia Pacific dominated the market in 2019. This big share can be credited to growing automotive and textile manufacturing of the region.

The capability of flock adhesives to present substantial resistance to solvents and chemicals in addition to greater wash ability and elasticity are the factors for their bulky utilization in the end user industries such as, packaging, automobiles, paper, textile and others. The flock adhesives are utilized for the purpose of sound plus thermal insulation, and lamination in addition to for gluing application in the automotive industry. 

The flock adhesives are utilized to enhance the visual look of the item of clothing in the textile industry. In 2019, the textile sector dominated the market and is expected to develop in the near future. Asian countries such as Indonesia, India and China are include significance in finance increasing urban development countering the neighboring markets in Asia Pacific. This has generated a great demand for the textiles that has outpoured the demand for flock adhesives in the market.

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On the other hand, the limited delivery of the raw material and significantly feeble demand from end user industries such as transport, due to the Covid-19 pandemic is expected to result in a large drop in the global demand for flock adhesives in the year2020. 

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The market is characterized by a number of global players who are also involved in the production and sales of other chemical products other than flock adhesives. However, there are also numerous regional players operating in the local marketplace. Henkel is estimated to be the leading player in the world flock adhesives market. Strong brand reputation, extensive product portfolio, and exceptional distribution network have enabled Henkel to acquire the largest share in the industry. Some of the prominent players in the global flock adhesives market:

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

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.

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In the textile industry, the product is used to improve the aesthetic appearance of the garment. Textile dominated the market in 2019 and is likely to grow the fastest over the coming years. Emerging economies such as India, China, and Indonesia are currently witnessing high economic growth and rising urbanization as compared to developed countries. This has led to higher demand for textiles, which has surged the demand for flock adhesives.

Grand View Research has segmented the global flock adhesives market on the basis of product, application:

Flock Adhesives Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

  • Acrylic
  • Polyurethane
  • Epoxy
  • Others

Flock Adhesives Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 – 2027)

  • Textiles
  • Automotive
  • Paper & packaging
  • Others

About Grand View Research

Grand View Research, Inc. is a U.S. based market research and consulting company, registered in the State of California and headquartered in San Francisco. The company provides syndicated research reports, customized research reports, and consulting services. To help clients make informed business decisions, we offer market intelligence studies ensuring relevant and fact-based research across a range of industries, from technology to chemicals, materials and healthcare.

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