Flock Adhesives Market Overview
The Flock Adhesives Market research report examine the different factors of the market, market size and share, scope of the market, resin type and applications with region. The research also provides information on the market’s constraints and most recent developments, as well as the factors that promote growth & forecast. The global flock adhesives market is projected to grow from USD 2.35 Billion in 2017 to USD 3.18 Billion by 2022, at a CAGR of 6.3% in terms of value. Factors driving the growing usage of flock adhesives are the application expansion achieved through the improved quality of flock adhesives and increased demand for coated fabrics and luxury products globally. The growth in applications, especially in the emerging markets of Asia Pacific and the shift in consumer preference toward high-quality standard and decorative end–use products such as luxury packaging are driving the growth of the flock adhesives market. However, the macro factors such as the global economic slowdown and volatile raw material prices could affect the market growth.
Flock Adhesives Market Key Players
- Henkel (Germany)
- H.B. Fuller (US)
- Sika AG (Switzerland)
- Dow Chemical (US)
- Kissel + Wolf (KIWO) (Germany)
- LORD Corporation (US)
- Nyatex (US)
- Stahl Holdings (Netherlands)
- International Coatings (US)
- Gemteks Tekstil Boyalari (Turkey)
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Dow Chemical (US) has a strong position in the flock adhesives market and its consumer solutions business segment has a global presence.
Dow Automotive and Aston Martin formed a technical partnership which is expected to facilitate an expansion of their collaborative development efforts. As a part of this partnership, a broader portfolio of Dow Automotive, including flock adhesives, will be utilized for Aston Martin production models and race cars. The company provides flock adhesives with a strong focus on green technologies in comparison to other companies. Dow Chemical also offers multiple brands of flock adhesives such as MOR-FLOCK and POLYFLOCK.
Sika AG (Switzerland) adopted the strategy of mergers & acquisitions to strengthen its position in the flock adhesives market.
Key Target Audience
- Manufacturers of Resins Used to Produce Flock Adhesives
- End Users
- Traders, Distributors, and Suppliers of Flock Adhesives
- Associations of Regional Manufacturers of Flock Adhesives
- Government and Regional Agencies and Research Organizations
Flock Adhesives Market Segmentation
The Flock Adhesives market report has segmented the market on the basis of Resin Type, Application and Region.
By Resin Type:
- Epoxy Resins
The polyurethane segment is projected to lead the flock adhesives market during the forecast period during 2017 to 2022.
In terms of value, the polyurethane segment is projected to lead the flock adhesives market during the forecast period. The growth of the polyurethane-based adhesives segment is supported by various factors, including the high elongation and stronger bonding properties.
- Paper & Packaging
Among applications, the automotive segment is projected to grow at the highest CAGR during the forecast period, 2017 to 2022.
Among applications, the automotive segment is projected to grow at the highest CAGR during the forecast period, in terms of value. Flock adhesives are extensively used in car and other vehicle interiors. Flock adhesives play an important role in improving the aesthetics and performance of automobiles. Weight reduction of vehicles is the key to improve fuel efficiency and limiting pollutants. Flock adhesives are used for laminating, bonding, and assembling components of automotive interiors.
- North America
- Asia Pacific
- Middle East & Africa
- South America
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Asia Pacific is projected to lead the global flock adhesives market during the forecast period.
Asia Pacific is projected to be the largest flock adhesives market during the forecast period. Asia Pacific has emerged as the leading customer of flock adhesives owing to the increasing demand from various applications in the region, increasing disposable income, and easy access to resources. The growth of the flock adhesives market in the Asia Pacific region is mainly driven by China, which is experiencing substantial growth fueled by the rising investments in the infrastructure required for establishing manufacturing facilities for flock adhesives in the country.
According to China Adhesive Association, China has maintained its position as the world’s leading market of flock adhesives, in terms of production and consumption.
Key Highlights of the Report:
Market Drivers and Success Factors
Value Chain Analysis
Comprehensive mapping of the competitive landscape
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