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Flock Adhesives Market- Emerging Trends, Leading Global Players Insight and Forecast upto 2023
Flock Adhesives Market is dominated by Asia Pacific region and driven by applications in various industries such as automotive, textiles, paper and packaging, and others
Flock Adhesives are used to stick polymers or fibers to numerous kinds of plastic materials. They offer sustainability and excellent surface finish to the product. Moreover, excellent flexibility, chemical resistance, and durable nature are the important trends and factors influencing the market confidently. Therefore, they are used in various applications such as automotive, textiles, paper & packaging.
As per Our Analysis, the Global Flock Adhesives Market is bifurcated into resin type and application. The market by resin type is further divided into acrylics, polyurethane, and epoxy segments. Among these, the acrylics segment holds a major portion of the market on account of its growing use in flocking fibers in the automotive sector. This segment provides exceptional water resistance and reliable nature to the materials. Thus, they are used in metals, plastics, substrates, and others. It is projected that the polyurethane segment is set to grow at a higher CAGR in the end-use industries due to unique features offered by the resin type such as high elongation and stronger bond properties. Automotive, textiles, paper & packaging, and others are segregated on the basis of application. Among these, the automotive segment holds the majority of the market on account of growing use of adhesives to manufacture high standard and optimized vehicles in the industry. Additionally, the textiles segment is estimated to witness a rapid growth due to increasing consumption of adhesives to provide excellent binder resin to the resin type.
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Top Global Key Players:
Some of the prominent players operating in the Global Flock Adhesives Market are Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (U.S.), The Dow Chemical Company (U.S.), LORD Corporation (U.S.), NYATEX (U.S.), Stahl Holdings B.V ( the Netherlands), International Coatings(U.S.), Sika AG (Switzerland), Kissel + Wolf (KIWO) (Germany), and Gemteks Tekstil Boyalari (Turkey) among others.
The Global Flock Adhesives Market is segmented into the resin type, and application. On the basis of the resin type, the market is further categorized into acrylics, polyurethane, and epoxy.
Among these, the acrylics segment holds a majority of the market share due to extraordinary features offered by the resin type such as excellent thermal and chemical resistance offered by Flock Adhesives. The polyurethane resin segment is projected to witness a rapid growth in the market owing to its growing consumption in automobile, paper & packaging, and others. The market by application is further categorized into automotive, textiles, paper & packaging, and others. Among these, the automobile segment accounts for major share of the market owing to growing replacement of heavy metals by lightweight materials to improve the efficiency and performance of the equipment. The growing demand of greeting cards, gifts and packaging is set to drive the paper & packaging segment during the assessment period. Additionally, the textiles segment is set to grow at a higher rate in the market due to the ability of flocks to improve the quality and aesthetics of the product.
The Flock Adhesives Market is segmented across five regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.
Asia Pacific holds the major portion of the global market and is anticipated to continue its dominance due to rising demand for flock adhesives market in various applications. Countries such as China, Japan and India are the major players in this region. The North America region is estimated to witness a higher growth in the U.S., Canada and Mexico owing to increasing demand for lightweight materials in automotive and textile segments. The enactment of new rules and regulations set by the European Union has driven the manufacturers to use eco-friendly resin types in the end-use industries. Moreover, it is projected that the advancing research & development of flocks in the market has propelled this region to witness a significant growth in Germany, the U.K and Italy.
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