The enhanced product durability facilitated by flock adhesives underscores its crucial role, especially in industries such as automotive. The adhesive bonding properties of flock adhesives contribute significantly to the longevity and robustness of products, addressing the specific needs of components subjected to wear and tear, such as those found in automotive interiors. In the automotive sector, where interior components are constantly exposed to environmental factors and usage, the use of flock adhesives becomes paramount. These adhesives provide a reliable and long-lasting bonding solution, ensuring that interior elements maintain their integrity over time, ultimately contributing to the overall quality and lifespan of automotive products.
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Data Bridge Market Research analyses the Global Flock Adhesives Market is growing at a CAGR of 5.5% in the forecast period of 2022 to 2029 and is expected to reach USD 4,596,087.85 thousand by 2029, which is USD 29,94,805.65 thousand in 2021. Rising consumer expectations for aesthetically pleasing and high-quality products, particularly in sectors such as automotive interiors and textiles, stimulate the demand for flock adhesives.
Key Findings of the Study
Increasing technological advancement is expected to drive the market's growth rate
Technological advancements serve as a crucial driver for the global flock adhesives market. Continuous innovations in adhesive technologies, with a specific focus on flock adhesives, are tailored to meet the evolving needs of industries. These advancements bring about improved performance, enhanced durability, and increased versatility of flock adhesives. As industries seek more efficient and specialized solutions, the ongoing progress in adhesive technologies ensures that flock adhesives remain at the forefront, addressing a spectrum of applications and contributing to the overall growth and competitiveness of the global market.
Report Scope and Market Segmentation
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Report Metric
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Details
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Forecast Period
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2022-2029
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Base Year
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2021
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Historic Years
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2020 (Customizable to 2014-2019)
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Quantitative Units
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Revenue in USD Thousands, Volumes in Units, Pricing in USD
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Segments Covered
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Product (Polyurethane, Acrylic, Epoxy, and Others), Source (Solvent-Borne and Water-Borne), Substrate (Textile, Plastic, Metal, Glass, Wood, and Others), Application (Automotive, Technical Textile & Clothing, Printing, Paper and Packaging, and Others),
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Countries Covered
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U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
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Market Players Covered
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Sika AG (Switzerland), CHT Group (Germany), NYATEX (China), SwissFlock AG (Switzerland), Arkema (France), H.B. Fuller Company (U.S.), Dow (U.S.), PARKER HANNIFIN CORP (U.S.), Henkel AG & Co. KGaA (Germany), Stahl Holdings B.V (Netherlands), Avient Corporation (U.S.), Kissel + Wolf GmbH Germany), NANPAO RESINS CHEMICAL GROUP (Taiwan)
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Data Points Covered in the Report
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In addition to the insights on market scenarios such as market value, growth rate, segmentation, geographical coverage, and major players, the market reports curated by the Data Bridge Market Research also include in-depth expert analysis, geographically represented company-wise production and capacity, network layouts of distributors and partners, detailed and updated price trend analysis and deficit analysis of supply chain and demand.
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Segment Analysis
The global flock adhesives market is segmented on the basis of source, substrate, product, and application.
- On the basis of source, the global flock adhesives market is segmented into solvent-borne and water-borne. In 2022, the water-borne segment is expected to dominate the global flock adhesives market with a 56.87% share. It dominates due to its high resistance power, making it a preferred choice for various applications
The water-borne segment of the source segment is expected to dominate the global flock adhesives in the forecast period 2022-2029
The water-borne segment is expected to dominate in the global flock adhesives market with a 56.87% share due to several key factors. Water-borne flock adhesives have gained prominence due to their high resistance power, making them a preferred choice in various applications. Unlike as solvent-borne adhesives, water-borne formulations offer lower levels of volatile organic compounds (VOCs), making them more environmentally friendly and compliant with stringent regulatory standards.
- On the basis of substrate, the global flock adhesives market is segmented into textile, plastic, metal, glass, wood, and others. The plastic segment is expected to dominate the global flock adhesives market due to its plastic's high durability, a characteristic that significantly enhances its appeal and increases global demand with a 31.63% market share
The plastic segment is expected to dominate the global flock adhesives market in the forecast period of 2022 to 2029
The plastic segment of the substrate segment is expected to dominate in the global flock adhesives market with a 31.63% share due to durability standing out. Plastic substrates are widely favored in diverse industries due to their exceptional durability and resistance to various environmental conditions. Flock adhesives, designed to adhere fibers to surfaces effectively, find an ideal application in bonding with plastic materials. The demand for plastic substrates has been steadily increasing on a global scale, driven by their versatility, lightweight nature, and cost-effectiveness.
- On the basis of product, the global flock adhesives market is segmented into polyurethane, acrylic, epoxy, and others. The acrylic segment is expected to dominate the global flock adhesives market with a 45.34% market share. The dominance of the acrylic segment can be attributed to the superior compatibility of acrylic adhesives, making them versatile and suitable for a wide range of applications
- On the basis of application, the global flock adhesives market is segmented into automotive, technical textile and clothing, printing, paper and packaging, and others. The automotive segment is expected to dominate the global flock adhesives market with the highest CAGR of 6.0%. The dominance of the automotive segment can be attributed to the unique insulating properties provided by flock adhesives
Major Players
Data Bridge Market Research recognizes the following companies as the major global flock adhesives market players in global flock adhesives market are Sika AG (Switzerland), CHT Group (Germany), NYATEX (China), SwissFlock AG (Switzerland), Arkema (France), H.B. Fuller Company (U.S.), Dow (U.S.)
Market Developments
- In March 2022, Sika made a significant strategic move by acquiring Sable Marco Inc., a prominent Canadian company specializing in the production of cementitious goods and mortars. This acquisition marked a pivotal moment for Sika, as it was expected to substantially enhance the company's access to the retail distribution channel, particularly in Canada's eastern provinces. The move was strategic, aiming to tap into new markets and open up avenues for growth. By bringing Sable Marco Inc. under its umbrella, Sika not only broadened its product portfolio but also anticipated establishing connections with a fresh set of highly prospective clients. This acquisition set the stage for Sika to strengthen its presence and market position in the Canadian construction and manufacturing landscape
- In July 2021, H.B. Fuller Company entered into a noteworthy partnership with Covestro, one of the world's leading polymer suppliers. The collaboration aimed to develop and deliver an adhesive solution with a reduced climate impact, targeting industries such as woodworking, composites, textiles, and automotive. This strategic alliance allowed H.B. Fuller to leverage Covestro's expertise in polymers to create eco-friendly adhesive products. The focus on sustainability was a key driver, aligning with the growing global emphasis on environmentally responsible business practices. By combining forces with Covestro, H.B. Fuller positioned itself as a proactive player in providing sustainable solutions to industries that traditionally have a significant environmental footprint
- In April 2021, H.B. Fuller, renowned for its innovative adhesive solutions, made a noteworthy contribution to sustainability under its well-known Flextra Evolution brand. The company introduced two new biodegradable adhesive products that offered distinct advantages in terms of both sustainability objectives and manufacturing benefits. These adhesives, designed for flexible packaging, played a crucial role in achieving a holistic approach to compostability. Unsuch as conventional adhesives, these products allowed the entire packaging structure to be compostable, emphasizing H.B. Fuller's commitment to environmental responsibility. This move positioned the company as a leader in developing adhesives that align with the broader industry trend toward more sustainable and eco-friendly practices
- In November 2020, NANPAO RESINS CHEMICAL GROUP received the prestigious "Good Deeds Award" at the 18th Gold Exhibition held by the Ministry of Labour in Taiwan. This recognition not only affirmed the company's commitment to ethical business practices but also strengthened its position in the highly competitive Asia-Pacific region. The award underscored NANPAO RESINS CHEMICAL GROUP's dedication to corporate responsibility and positive contributions to the community. Such acknowledgments not only enhance the company's reputation but also contribute to building trust and credibility, crucial factors in sustaining long-term success in the dynamic chemical and resin industry.
Regional Analysis
Geographically, the countries covered in the global flock adhesives market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, South Africa, Egypt, Israel, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.
As per Data Bridge Market Research analysis
North America is the dominant region in global flock adhesives market during the forecast period 2022-2029
In the North American region, the U.S. dominates the flock adhesives market, primarily propelled by the escalating utilization of these adhesives in the automobile sector. The U.S. market dominance can be attributed to the robust growth and technological advancements within the country's automotive industry. Flock adhesives play a pivotal role in the production of automotive components, offering enhanced insulation properties. As the automobile sector in the U.S. continues to expand and innovate, the demand for flock adhesives rises proportionally, driven by the need for efficient and high-performance solutions in the manufacturing processes of automotive parts.
Europe is estimated to be the fastest growing region in global flock adhesives market the forecast period 2022-2029
In the European market, Germany is expected to experience the notable growth in the forecast period, driven by a discernible shift in consumer preferences towards higher-quality automotive interiors. This change in consumer behavior contributes to an increased demand for flock adhesive in the region. As consumers increasingly prioritize superior quality in automotive interior design, flock adhesives play a crucial role in meeting these expectations. Germany's automotive industry, renowned for its commitment to precision engineering and innovation, is at the forefront of adopting flock adhesives to enhance the quality and aesthetics of automotive interiors.
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