Global Flock Adhesives Market, Flock Adhesives Market, Flock Adhesives Market An

Posted by Mangesh Mahajan on August 23rd, 2019

Flock Adhesives Market Overview

Flock adhesives are used in numerous applications which are capable of offering excellent flexibility, sustainability, surface- finish and aesthetic appearance to the final product. Due to these factors, they are used in various applications such as automotive, textiles, paper & packaging, and others. The global flock adhesives market is spanned across five regions of the world namely Asia Pacific, Europe, North America, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major share of the global market and is projected to continue leading, owing to the increasing consumption of flock adhesives in high insulation coatings, printings, moldings, and others. It is estimated that the textiles segment is set to observe the highest CAGR in the market due to the growing use of adhesives to improve the features and aesthetics of the product. Moreover, the increasing demand of lightweight materials in seats, cushions, furniture, and others have propelled the market to witness a rapid growth during the forecast period. These factors have led to China, India and Japan to be the major players of this region.

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Segmentation

The Global Flock Adhesives Market is segmented into the resin type and application. On the basis of the resin type, the market is further classified into acrylics, polyurethane, and epoxy segments. On the basis of application, the market is subdivided into automotive, textiles, paper & packaging, and others

Competitive Analysis

Key Players

•          Henkel Ag & Co. Kgaa
•          H.B. Fuller Company
•          The Dow Chemical Company
•          Lord Corporation
•          Nyatex
•          Stahl Holdings B.V
•          International Coatings
•          Sika Ag
•          Kissel + Wolf
•          Gemteks Tekstil Boyalari

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Regional Analysis

The North America market is expected to grow at a higher CAGR due to extensive consumption of low density materials in actuators & sensors, anti-static packaging and others. The U.S., Canada and Mexico have achieved a significant place in the market due to the growing investments in the end-use industries. Therefore, the growing demand for flock adhesives in automotive and textile segments are estimated to drive the market during the forecast period.

A notable development is achieved in Europe due to the growing demand for lightweight materials in, automobiles, textiles, paper & packaging segments. The growing innovation and technological advancement have propelled the market to witness a higher growth. Owing to these factors, countries such as Germany, the U.K and Italy are the major contributors to this market.

A considerable development is predicted in the Latin American region such as in Brazil, Uruguay and Argentina due to the growing consumption of low density materials in automobiles, paper & packaging and textiles sectors. Moreover, a rapid development is estimated in the Middle East & African region such as Qatar, the U.A.E, and others due to increasing demand for biodegradable polymers in major industries.