USD 2.84 billion
Flock Adhesives Market Size, Share, Growth Analysis, By Resin(Acrylic, Polyurethane, Epoxy resin, other resin types), By Application(Automotive, Textiles, Paper and packaging, Other), By Region - Industry Forecast 2024-2031
Report ID:
SQMIG15E2294 |
Region:
Global |
Published Date: February, 2024
Pages:
157
|Tables:
65
|Figures:
75
Flock Adhesives Market Insights
Flock Adhesives Market size was valued at USD 2.84 billion in 2021 and is poised to grow from USD 3 billion in 2022 to USD 4.61 billion by 2030, at a CAGR of 5.51% during the forecast period (2023-2030).
Flock adhesives are used in the textile sector through various processes such as spraying, brushing, or can be applied in the shape of motif by screen or rotary printing. Functional flock adhesives are used in different applications such as glove boxes, coiled cables, furnishing articles, cases for glass, and carpets or mats.
Addition of flock adhesives in systems offer several advantages such as slip free force transmission, prevention of mechanical noise, reduced ambience sound, and enhanced heat insulation. Moreover, its characteristics such as environment friendly nature, elasticity, softness, resistance to scratches, and stability propel growth of the global market.
Application of flock adhesives in sectors such as automotive, cosmetic, industrial, household, packaging, and textile is another growth factor in the global flock adhesives market.
Rise in consumer preference for vehicle comfort, coupled with rise in quality level of automotive interior is another factor that is anticipated to augment demand for flock adhesives. Flocking helps to meet expectations such as quality, emission norms, and odor standards that are followed during manufacturing of plastic products used in the automotive industry.
US Flock Adhesives Market is poised to grow at a sustainable CAGR for the next forecast year.
Market Snapshot - 2024-2031
Global Market Size
Largest Segment
acrylic
Fastest Growth
Growth Rate
5.51% CAGR
Global Flock Adhesives Market ($ Bn)
Country Share for North America Region (%)
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Flock Adhesives Market Segmental Analysis
The global flock adhesives market is segmented on the basis of resin type, application, and region. By resin type, the market is segmented into acrylic, polyurethane, epoxy resin, and others. By application, the global flock adhesives market is categorized into automotive, textiles, paper & packaging, and others. On the basis of region, the market is studied across North America, Europe, Asia-Pacific, and LAMEA.
Flock Adhesives Market Analysis by Resin
The largest segment in the flock adhesives market is the acrylic-based resin type. Acrylic-based flock adhesives possess exceptional bonding properties and provide excellent adhesion to a wide range of substrates, including plastics, metals, and fabrics. This versatility has made acrylic-based flock adhesives highly sought after in industries such as automotive, textiles, and furniture. Moreover, these adhesives exhibit excellent resistance to temperature variations, moisture, and UV radiation, ensuring durability and longevity of the bonded materials. The robust demand for acrylic-based flock adhesives, driven by their exceptional performance characteristics and extensive application scope, has propelled this segment to become the largest within the global market.
On the other hand, the fastest-growing segment in the flock adhesives market is the water-based resin type. Water-based flock adhesives offer numerous advantages, making them increasingly popular among manufacturers and end-users. One of the key factors driving the growth of this segment is its environmentally friendly nature. Water-based adhesives contain minimal volatile organic compounds (VOCs), reducing harmful emissions and promoting a healthier work environment. Additionally, water-based flock adhesives offer excellent adhesion properties and can be used on various surfaces, including textiles, paper, and cardboard. Furthermore, the easy application and clean-up process associated with water-based adhesives make them highly convenient for users.
Flock Adhesives Market Analysis by Application
The largest segment in the flock adhesives market is the automotive application. It plays a crucial role in the automotive sector, offering exceptional bonding capabilities for a wide range of materials. From interior components like door panels, armrests, and headliners to exterior trims and weatherstrips, flock adhesives provide reliable adhesion, ensuring durability and enhancing the overall aesthetic appeal of vehicles. With the ever-increasing demand for innovative and stylish automotive designs, the automotive industry continues to invest heavily in flock adhesives, making it the largest segment within the global market.
The fastest-growing segment in the flock adhesives market is the textile application. Flock adhesives find extensive use in the textile industry, transforming ordinary fabrics into high-value products. By bonding short fibers or flock to fabrics, these adhesives create a velvety texture, adding a luxurious and tactile feel. The textile application of flock adhesives is witnessing rapid growth as it offers opportunities for product differentiation, allowing manufacturers to create unique and visually appealing textiles for various applications, including apparel, upholstery, home furnishings, and accessories. As consumers seek personalized and distinctive products, the demand for flock adhesives in the textile industry is surging, making it the fastest-growing segment in the market.
Global Flock Adhesives Market by type
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Flock Adhesives Market Regional Insights
The largest segment in the flock adhesives market is North America. This region boasts a thriving manufacturing sector and a strong presence of key industries such as automotive, textiles, and electronics. The demand for flock adhesives in North America is fueled by the region's emphasis on product innovation, quality, and technological advancements. Moreover, the well-established infrastructure and robust supply chain networks in North America contribute to the dominance of this segment. With a significant market share, North America continues to lead the flock adhesives market, driven by its industrial prowess and commitment to delivering superior adhesive solutions.
The fastest growing segment in the flock adhesives market is Asia Pacific. This region is witnessing rapid industrialization, economic growth, and a surge in manufacturing activities. Countries such as China, India, and Japan are at the forefront of this expansion, investing heavily in various industries ranging from automotive to textiles and packaging. As the demand for high-quality adhesive solutions continues to rise in Asia Pacific, flock adhesives are witnessing significant traction due to their versatile applications and performance advantages. The region's increasing population, rising disposable income, and changing consumer preferences for aesthetically appealing products further contribute to the growth of the flock adhesives market in Asia Pacific. With a flourishing industrial landscape and immense growth potential, Asia Pacific emerges as the fastest growing segment, paving the way for exciting opportunities in the flock adhesives market.
Global Flock Adhesives Market By Geography
- Largest
- Fastest
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Flock Adhesives Market Dynamics
Flock Adhesives Market Drivers
Increasing Demand from Automotive Sector
- The automotive industry is a major driver of the flock adhesives market. The rising demand for vehicles, coupled with the need for advanced bonding solutions for interior and exterior applications, fuels the growth of flock adhesives. These adhesives offer excellent bonding properties, durability, and aesthetic enhancements, making them indispensable in automotive manufacturing.
Flock Adhesives Market Restraints
Volatility in Raw Material Prices
- The flock adhesives market is influenced by the prices and availability of raw materials, such as resins and fibers. Fluctuations in raw material prices can impact the manufacturing costs and profitability of flock adhesive producers. Manufacturers need to closely monitor and manage raw material costs to mitigate potential restraints.
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Flock Adhesives Market Competitive Landscape
The competitive landscape of the flock adhesives market is characterized in terms of product offerings, technology innovation, pricing strategies, and market reach. The competitive landscape of the flock adhesives market is characterized by a diverse range of players, including both global and regional manufacturers. These companies compete on factors such as product innovation, quality, pricing, and distribution network to gain a competitive edge. Apart from these key players, there are several other regional and local manufacturers contributing to the competitive landscape. Companies often focus on strategic partnerships, acquisitions, and collaborations to strengthen their market presence and expand their product portfolios. Additionally, product differentiation and customization play a vital role in gaining a competitive advantage in the flock adhesives market, as manufacturers strive to meet specific customer needs and industry requirements.
Flock Adhesives Market Top Player’s Company Profiles
- H.B. Fuller Company (United States)
- Sika AG (Switzerland)
- LORD Corporation (United States)
- Henkel AG & Co. KGaA (Germany)
- Bostik (Arkema Group) (France)
- 3M Company (United States)
- Dow Chemical Company (United States)
- Huntsman Corporation (United States)
- Avery Dennison Corporation (United States)
- Wacker Chemie AG (Germany)
- Franklin International (United States)
- Jowat SE (Germany)
- Ashland Global Holdings Inc. (United States)
- Illinois Tool Works Inc. (United States)
- Paramelt BV (Netherlands)
- Panacol-Elosol GmbH (Germany)
- Hernon Manufacturing Inc. (United States)
- DELO Industrial Adhesives (Germany)
- Hexion Inc. (United States)
- Permabond LLC (United States)
Flock Adhesives Market Recent Development
- In April 2021, H.B. Fuller made a significant move in the flock adhesives market with the introduction of two new recyclable adhesive solutions under its esteemed FlextraTM Evolution brand. These innovative solutions bring forth a host of unique benefits, particularly in terms of sustainability objectives and incentives for manufacturers. By expanding its portfolio through this launch, H.B. Fuller aims to gain a competitive edge in the market.
Flock Adhesives Key Market Trends
- The flock adhesives market is experiencing a significant trend towards sustainable solutions. As environmental awareness increases, there is a growing demand for adhesives with low volatile organic compounds (VOCs), recyclable properties, and reduced environmental impact. Manufacturers are investing in research and development to develop eco-friendly flock adhesive formulations to meet this demand.
Flock Adhesives Market SkyQuest Analysis
SkyQuest’s ABIRAW (Advanced Business Intelligence, Research & Analysis Wing) is our Business Information Deployment mode team that Collects, Collates, Co-relates, and Analyses the Data collected by means of Primary Exploratory Research backed by robust Secondary Desk research.
According to our analyses, The global flock adhesives market is influenced by several key drivers. The automotive industry plays a significant role in driving market growth. Flock adhesives are extensively used in automotive interiors for applications such as carpeting, headliners, and door panels. The increasing demand for comfortable and aesthetically appealing vehicle interiors, coupled with advancements in flocking technology, is driving the adoption of flock adhesives in the automotive sector.
The growth of the textile industry is a major driver for the flock adhesives market. Flock adhesives are crucial in textile flocking processes, where they are used to adhere fibers onto fabric or other surfaces, creating a velvety or textured finish. With the rising demand for fashionable clothing, home textiles, and upholstery, the demand for flock adhesives is expected to grow.
| Report Metric | Details |
|---|---|
| Market size value in 2023 | USD 2.84 billion |
| Market size value in 2031 | USD 4.61 billion |
| Growth Rate | 5.51% |
| Forecast period | 2024-2031 |
| Forecast Unit (Value) | USD Billion |
| Segments covered |
|
| Regions covered | North America (US, Canada), Europe (Germany, France, United Kingdom, Italy, Spain, Rest of Europe), Asia Pacific (China, India, Japan, Rest of Asia-Pacific), Latin America (Brazil, Rest of Latin America), Middle East & Africa (South Africa, GCC Countries, Rest of MEA) |
| Companies covered |
|
| Customization scope | Free report customization with purchase. Customization includes:-
|
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Table Of Content
Executive Summary
Market overview
- Exhibit: Executive Summary – Chart on Market Overview
- Exhibit: Executive Summary – Data Table on Market Overview
- Exhibit: Executive Summary – Chart on Flock Adhesives Market Characteristics
- Exhibit: Executive Summary – Chart on Market by Geography
- Exhibit: Executive Summary – Chart on Market Segmentation
- Exhibit: Executive Summary – Chart on Incremental Growth
- Exhibit: Executive Summary – Data Table on Incremental Growth
- Exhibit: Executive Summary – Chart on Vendor Market Positioning
Parent Market Analysis
Market overview
Market size
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- SWOT Analysis
KEY MARKET INSIGHTS
- Technology Analysis
- (Exhibit: Data Table: Name of technology and details)
- Pricing Analysis
- (Exhibit: Data Table: Name of technology and pricing details)
- Supply Chain Analysis
- (Exhibit: Detailed Supply Chain Presentation)
- Value Chain Analysis
- (Exhibit: Detailed Value Chain Presentation)
- Ecosystem Of the Market
- Exhibit: Parent Market Ecosystem Market Analysis
- Exhibit: Market Characteristics of Parent Market
- IP Analysis
- (Exhibit: Data Table: Name of product/technology, patents filed, inventor/company name, acquiring firm)
- Trade Analysis
- (Exhibit: Data Table: Import and Export data details)
- Startup Analysis
- (Exhibit: Data Table: Emerging startups details)
- Raw Material Analysis
- (Exhibit: Data Table: Mapping of key raw materials)
- Innovation Matrix
- (Exhibit: Positioning Matrix: Mapping of new and existing technologies)
- Pipeline product Analysis
- (Exhibit: Data Table: Name of companies and pipeline products, regional mapping)
- Macroeconomic Indicators
COVID IMPACT
- Introduction
- Impact On Economy—scenario Assessment
- Exhibit: Data on GDP - Year-over-year growth 2016-2022 (%)
- Revised Market Size
- Exhibit: Data Table on Flock Adhesives Market size and forecast 2021-2027 ($ million)
- Impact Of COVID On Key Segments
- Exhibit: Data Table on Segment Market size and forecast 2021-2027 ($ million)
- COVID Strategies By Company
- Exhibit: Analysis on key strategies adopted by companies
MARKET DYNAMICS & OUTLOOK
- Market Dynamics
- Exhibit: Impact analysis of DROC, 2021
- Drivers
- Opportunities
- Restraints
- Challenges
- Exhibit: Impact analysis of DROC, 2021
- Regulatory Landscape
- Exhibit: Data Table on regulation from different region
- SWOT Analysis
- Porters Analysis
- Competitive rivalry
- Exhibit: Competitive rivalry Impact of key factors, 2021
- Threat of substitute products
- Exhibit: Threat of Substitute Products Impact of key factors, 2021
- Bargaining power of buyers
- Exhibit: buyers bargaining power Impact of key factors, 2021
- Threat of new entrants
- Exhibit: Threat of new entrants Impact of key factors, 2021
- Bargaining power of suppliers
- Exhibit: Threat of suppliers bargaining power Impact of key factors, 2021
- Competitive rivalry
- Skyquest special insights on future disruptions
- Political Impact
- Economic impact
- Social Impact
- Technical Impact
- Environmental Impact
- Legal Impact
Market Size by Region
- Chart on Market share by geography 2021-2027 (%)
- Data Table on Market share by geography 2021-2027(%)
- North America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- USA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Canada
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Europe
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Germany
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Spain
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- France
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- UK
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Europe
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Asia Pacific
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- China
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- India
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Japan
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Korea
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of Asia Pacific
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Latin America
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- Brazil
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of South America
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Middle East & Africa (MEA)
- Chart on Market share by country 2021-2027 (%)
- Data Table on Market share by country 2021-2027(%)
- GCC Countries
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- South Africa
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
- Rest of MEA
- Exhibit: Chart on Market share 2021-2027 (%)
- Exhibit: Market size and forecast 2021-2027 ($ million)
KEY COMPANY PROFILES
- Competitive Landscape
- Total number of companies covered
- Exhibit: companies covered in the report, 2021
- Top companies market positioning
- Exhibit: company positioning matrix, 2021
- Top companies market Share
- Exhibit: Pie chart analysis on company market share, 2021(%)
- Total number of companies covered
Methodology
For the Flock Adhesives Market, our research methodology involved a mixture of primary and secondary data sources. Key steps involved in the research process are listed below:
1. Information Procurement: This stage involved the procurement of Market data or related information via primary and secondary sources. The various secondary sources used included various company websites, annual reports, trade databases, and paid databases such as Hoover's, Bloomberg Business, Factiva, and Avention. Our team did 45 primary interactions Globally which included several stakeholders such as manufacturers, customers, key opinion leaders, etc. Overall, information procurement was one of the most extensive stages in our research process.
2. Information Analysis: This step involved triangulation of data through bottom-up and top-down approaches to estimate and validate the total size and future estimate of the Flock Adhesives Market.
3. Report Formulation: The final step entailed the placement of data points in appropriate Market spaces in an attempt to deduce viable conclusions.
4. Validation & Publishing: Validation is the most important step in the process. Validation & re-validation via an intricately designed process helped us finalize data points to be used for final calculations. The final Market estimates and forecasts were then aligned and sent to our panel of industry experts for validation of data. Once the validation was done the report was sent to our Quality Assurance team to ensure adherence to style guides, consistency & design.
Analyst Support
Customization Options
With the given market data, our dedicated team of analysts can offer you the following customization options are available for the Flock Adhesives Market:
Product Analysis: Product matrix, which offers a detailed comparison of the product portfolio of companies.
Regional Analysis: Further analysis of the Flock Adhesives Market for additional countries.
Competitive Analysis: Detailed analysis and profiling of additional Market players & comparative analysis of competitive products.
Go to Market Strategy: Find the high-growth channels to invest your marketing efforts and increase your customer base.
Innovation Mapping: Identify racial solutions and innovation, connected to deep ecosystems of innovators, start-ups, academics, and strategic partners.
Category Intelligence: Customized intelligence that is relevant to their supply Markets will enable them to make smarter sourcing decisions and improve their category management.
Public Company Transcript Analysis: To improve the investment performance by generating new alpha and making better-informed decisions.
Social Media Listening: To analyze the conversations and trends happening not just around your brand, but around your industry as a whole, and use those insights to make better Marketing decisions.
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