Flock Adhesives Market Trends, Size, Industry Segments And Profit Growth By Forecast
Posted by Stephen Lobo on December 12th, 2022
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
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
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:
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.
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.
Get Sample Copy of this Report: https://www.marketsandmarkets.com/requestsampleNew.asp?id=240810348
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:
MarketsandMarkets™ is a blue ocean alternative in growth consulting and program management, leveraging a man-machine offering to drive supernormal growth for progressive organizations in the B2B space. We have the widest lens on emerging technologies, making us proficient in co-creating supernormal growth for clients.
The B2B economy is witnessing the emergence of trillion of new revenue streams that are substituting existing revenue streams in this decade alone. We work with clients on growth programs, helping them monetize this trillion opportunity through our service lines - TAM Expansion, Go-to-Market (GTM) Strategy to Execution, Market Share Gain, Account Enablement, and Thought Leadership Marketing.
Built on the ’GIVE Growth’ principle, we work with several Forbes Global 2000 B2B companies - helping them stay relevant in a disruptive ecosystem. Our insights and strategies are molded by our industry experts, cutting-edge AI-powered Market Intelligence Cloud, and years of research. The KnowledgeStore™ (our Market Intelligence Cloud) integrates our research, facilitates an analysis of interconnections through a set of applications, helping clients look at the entire ecosystem and understand the revenue shifts happening in their industry.
Mr. Aashish Mehra
Like it? Share it!
About the AuthorStephen Lobo
Joined: November 18th, 2022
Articles Posted: 103
More by this author