Global Flock Adhesives Market By Manufacturers, Types, Regions and Application and Forecast 2022 to 2031

Kenneth Research recently added a report on the Global Flock Adhesives Market which provides an in-depth analysis of the market scenario based on the market size and the compound annual growth rate (CAGR) of the market over the forecast period, i.e., 2022-2031. The European Chemical Industry Council, in one of its statistics, stated that Europe is the second-largest producer of chemicals globally and is further predicted to observe a significant growth in the coming years.

U S Market recovers fast; In a release on May 4th 2021, the U.S. Bureau and Economic Analysis and U.S. Census Bureau mention the recovery in the U.S. International trade in March 2021. Exports in the country reached $200 billion, up by $12.4 billion in Feb 2021. Following the continuous incremental trend, imports tallied at $274.5 billion, picked up by $16.4 billion in Feb 2021. However, as COVID19 still haunts the economies across the globe, year-over-year (y-o-y) average exports in the U.S. declined by $7.0 billion from March 2020 till March 2021 whilst imports increased by $20.7 billion during the same time. This definitely shows how the market is trying to recover back and this will have a direct impact on the Healthcare/ICT/Chemical industries, creating a huge demand for Global Flock Adhesives Market products.

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It is also anticipated to grow on account of the growing demand for chemicals from the end users, backed by the increasing consumption of chemicals across different industries and the rising need for advanced chemicals. In India, the production of major chemicals and petrochemicals during the period 2020-2021 was close to 12000 thousand MT. Additionally, between the period 2015-16 and 2019-20, the production of the chemicals and petrochemicals in the nation grew at a CAGR of close to 6%.

Global Flock Adhesives Market is valued approximately USD 1.9 billion in 2019 and is anticipated to grow with a healthy growth rate of more than 5.7 % over the forecast period 2020-2027. Flock Adhesives are binding materials which are used to bind different substrates like rubber, plastic, and metals. Adhesive flocking is facilitated by incorporating fiber particles electro-statically into adhesive layers. Then the layer is applied on surface of dense textile, which forms millions of flock fibers. Flock adhesives are used through various processes like spraying, brushing, or can be applied in shape of motif by screen or rotary printing, they are used in the textile sector, automotive, cosmetic, industrial, household and packaging. In addition, functional flock adhesives have different applications like glove boxes, coiled cables, furnishing articles, cases for glass, and carpets or mats. They have various advantages such as slip free force transmission, prevention of mechanical noise, reduced ambience sound, and enhanced heat insulation. Furthermore, other characteristics such as environment friendly, elasticity, softness, scratch resistance and stability drive the market significantly. In automotive industry, it is used for noise reduction between automotive components and for bonding applications, therefore reducing the weight of an automobile. Further, increasing investments to improve the quality of products and increasing demand for durable products has led the adoption of Flock Adhesives across the forecast period. However, restricted supply of raw materials and considerably less demand from end-use industries impedes the growth of the market over the forecast period of 2022-2031. Also, with the increasing research and development along with product innovations such as wash ability of effects and flame retardance, the adoption & demand for Flock Adhesives is likely to increase.

The regional analysis of global Flock Adhesives market is considered for the key regions such as Asia Pacific, North America, Europe, Latin America and Rest of the World. Asia-Pacific is the leading/significant region across the world in terms of market share owing to the rise in number of automotive manufacturers and textiles coupled with the manufacturing infrastructure. For instance: According to the World Bank data 2018, China is the largest exporter of textile-related goods, thus driving the market growth of flock adhesives. Whereas, Asia-Pacific is also anticipated to exhibit highest growth rate / CAGR over the forecast period 2022-2031. Factors such as manufacturer of flock adhesives and other industries through government initiatives foreign investments would create lucrative growth prospects for the Flock Adhesives market across Asia-Pacific region.

Major market player included in this report are:

CHT Germany GmbH
Kissel + Wolf
Lord Corporation
Sika Automotive
Swiss Flock
Stahl
Avient
Nyatex
Dow Chemical
H.B. Fuller Company

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The objective of the study is to define market sizes of different segments & countries in recent years and to forecast the values to the coming eight years. The report is designed to incorporate both qualitative and quantitative aspects of the industry within each of the regions and countries involved in the study. Furthermore, the report also caters the detailed information about the crucial aspects such as driving factors & challenges which will define the future growth of the market. Additionally, the report shall also incorporate available opportunities in micro markets for stakeholders to invest along with the detailed analysis of competitive landscape and product offerings of key players. The detailed segments and sub-segment of the market are explained below:

By Resin Type:

Acrylic
Polyurethane
Epoxy Resin
Others

By Application:

Automotive
Textiles
Paper & Packaging
Others

By Region:

North America
U.S.
Canada
Europe
UK
Germany
France
Spain
Italy
ROE

Asia Pacific

China
India
Japan
Australia
South Korea
RoAPAC
Latin America
Brazil
Mexico
Rest of the World

Furthermore, years considered for the study are as follows:

Historical year – 2017, 2018
Base year – 2019
Forecast period – 2022 to 2031

Target Audience of the Global Flock Adhesives Market in Market Study:

Key Consulting Companies & Advisors
Large, medium-sized, and small enterprises
Venture capitalists
Value-Added Resellers (VARs)
Third-party knowledge providers
Investment bankers
Investors

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The report further discusses the market opportunity, compound annual growth rate (CAGR) growth rate, competition, new technology innovations, market players analysis, government guidelines, export and import (EXIM) analysis, historical revenues, future forecasts etc. in the following regions and/or countries:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC, Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analys  & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  •  Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook

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