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"Global Flock Adhesives Market was valued at USD XX Bn in 2019 and is expected to reach USD 4.8 Bn By 2028 at a CAGR Of 7.3%."
The market for Flock Adhesives is mainly driven by the improved quality of adhesives and surge in demand for coated fabrics and luxury offerings. The shift in the customer's demand for high-quality offerings and decorative items are contributing to the rise in the demand for Flock adhesives. Flock adhesives are mainly used by the textile manufacturing organizations due to low friction, grip, insulation and refraction properties. The use of flock is rising in various industries due to its unique properties of flock adhesives such as damping resistance, wear, and weathering and glass sliding capabilities along with strong bonding and flexibility properties.
Increasing in the per capita income of the population coupled with increased expenditure and demand for luxury products is positively impacting the rise in the demand for flock adhesives across the globe. Manufacturers have increased the consumption of flock adhesives in order to reduce the overall weight of the end product. Organizations are in need of these adhesives to comply with the environmental regulatory policies globally and are plunging the flock adhesives market.
These offerings are being highly demanded because of the shift in technological advancements from traditional methods of adhesives applications. These adhesives versatile in their properties and applicability such as it could withstand extremities of temperature and pressure and mechanical stress contributing to the demand increase. Flock adhesives are also used for sealing the automotive windows and insulation is substantiating the growth of this market.
These offerings are being heavily demanded by developed countries due to well-established manufacturing firms operating to cater to a wide range of customers. The finish of a particular product could be customization by the application of flock adhesives. Flock adhesives could be used as an alternative to the other adhesives because it could create a vertical alignment with the substrate as per the requirement contributing to the surge market share. It has high demand among organizations due to its distinctiveness such as pigmentation, solvent resistance, wash-ability, flame retardation, flexibility, among others.
Acrylics Segment of Flock Adhesives is anticipated to hold significant share in the Global Flock Adhesive Market:
The acrylic segment is the highest demanded segment among flock adhesives due to an increase in the metal and plastic substrate usage across various industries. This segment is in high demand especially by the automotive industry because of its high versatility and lightweight properties, which could reduce its overall weight of the automobile products. These adhesives could be utilized between different substrates enabling them to join strongly and cater to the needs of end-users. Acrylics segment contribute to the low weight, fewer emissions, high aesthetics along with efficiency when used in the automobile and other industries. There has a chemical composition that is less in its toxicity and contributes to the environmentally friendly policies of the government worldwide.
This segment has a surge in the demand in order to enhance the ambiance products' interior and exterior such as laminating, bonding, and assembling components in addition to door and window sealing applications. The acrylics segment is also utilized widely for spraying, brush and other means in order to cater to various needs of customers. It has been estimated to have as much as 6%-8% less fuel consumption when vehicle weight is less by 10% because of the usage of an acrylic segment of flock adhesive. There is a huge surge in the demand for lightweight automobiles globally in order to meet customer preference and encouraging government regulations has substantially boosted the market of the acrylic segment.
Asia-Pacific Is Projected To Hold Prominent Share in the Global Flock Adhesive Market:
The Asia-Pacific is estimated to have the largest market share during the forecast period for flock adhesive offerings. There is a huge development occurrence in this region in terms of industrialization and technological advancements contributing to a plunge in the demand for flock adhesives. The region has been observing high developments due to economic growth and hence contributing to increased utilization of flock adhesives. This could be attributed to an increase of investments by organizations enabling the technological advancements in flock adhesive offerings. The companies are shifting towards modern methods of applying adhesives in order to meet various requirements of the market.
There is a substantial growth of the adhesive market due to an increase in the political and environmental norms globally. Increase in application of flock adhesives because of increased disposable income contributing to easy access to various offerings present in the market. The region is developing in terms of technology by the establishment of new entrants into the flock adhesive manufacturing industry. These organizations are also contributing to the advancements in adhesive technologies through heavy investments into R&D. In this market, China is the key contributor leading the flock adhesive manufacturing industry.
One of the Key Players in the flock adhesive market is The Dow Chemical Company with a USD 60.278 of revenue and with a net income of USD 4.4 billion. It is headquartered in the U.S.
Prominent players of the flock adhesive manufacturing industry are listed as follows: The Dow Chemical Company, Kissel + Wolf GmbH, Schuster Beflockung, Sika AG, LORD Corporation, CHT, Stahl Holdings B.V., Ralken Colours, StanChem, Inc., H.B. Fuller Company,
Key segments of Flock adhesive market:
By Resin Type:
- Epoxy Resins
- Paper & Packaging
- North America
- Latin America
- Asia Pacific
- Middle East & Africa