According to the latest report by IMARC Group, titled "Flock Adhesives Market: Global Industry Trends, Share, Size, Growth, Opportunity and Forecast 2021-2026," the global flock adhesives market size grew at a CAGR of around 5% during 2015-2020. Flock adhesives are substances that are used to provide a smooth and homogenous finish in a substrate. Short fiber particles that are commonly made up of acrylics, polyurethane or epoxy resin are pasted onto a substrate via spraying, brushing, dipping and silk screening. They assist in yielding a uniform and aesthetic appearance to the surface while offering tactile sensitivity. These substrates can be customized according to the requirements of the customers. As a result, they are widely adopted across various industries, including paper and packaging, textile, and automotive.
We are regularly tracking the direct effect of COVID-19 on the market, along with the indirect influence of associated industries. These observations will be integrated into the report.
Global Flock Adhesives Market Trends:
The global market is majorly driven by the rising demand for flock adhesives from the automotive sector. Since these substances play a pertinent role in bonding, laminating and assembling the interior and exterior components of vehicles, while attributing an aesthetic look and smooth finish to the same, this is creating a positive outlook for the market. Inflating disposable incomes of the masses and their changing lifestyle preferences have contributed to an increased demand for luxury vehicles across the globe, thereby providing an impetus to the market growth. Moreover, flock adhesives find extensive applications in the textile sector, wherein they are utilized to render smoothness to the textile materials to enhance their feel and for the manufacturing of colorful and vibrant clothing. Furthermore, there has been an escalating preference for epoxy adhesives across the globe on account of the enhanced strength and durability offered by these materials. This, coupled with their increasing utilization for the production of printed or integrated circuit boards as they offer excellent electrical insulation, superior thermal conductivity and resistance to extreme temperatures, is providing a thrust to the market growth. Other factors, such as the rising usage of flock adhesives in the manufacturing of furniture and packaging of luxury jewelry, are also expected to propel the market growth. On account of the aforementioned factors, the market is anticipated to witness moderate growth during 2021-2026.
- On the basis of the product, the market has been divided into acrylic, polyurethane, epoxy, and others.
- Based on the application, the market has been classified into textiles, automotive, paper and packaging, and others.
- On the geographical front, the market has been segregated into North America (the United States and Canada), Europe (Germany, France, the United Kingdom, Italy, Spain, Russia and others), Asia Pacific (China, Japan, India, South Korea, Australia, Indonesia and others), Latin America (Brazil, Mexico and others), and Middle East and Africa.
- The competitive landscape of the market has been studied in the report with the detailed profiles of the key players. Some of these players include Argent International Inc., DuPont de Nemours Inc., H.B. Fuller Company, Henkel AG & Co. KGaA, Kiwo Inc., Nyatex Adhesive and Chemical Company, Parker-Hannifin Corporation, Sika AG, and Stahl Holdings.
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