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Flock Adhesives Market is Expected to Reach $2.9 Billion by 2027

 

Report Code : A10668

quote the global flock adhesives market is expected to possess high growth potential in the coming years, owing to rise in use of flock adhesives in main stream applications in industries such as automotive, textile, paper, and construction. In addition, apart from these, there are several other sectors that use flock adhesives such as packaging, cosmetics, industrial technology, home & household, and furniture, which propels growth of the market. However, COVID-19 outbreak is predicted to positively impact on the growth of the global flock adhesives market. quote

Eswara Prasad
Manager, Chemical and Material at Allied Market Research

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According to a new report published by Allied Market Research, titled, “Flock Adhesives Market by Resin Type and Application: Opportunity Analysis and Industry Forecast, 2020–2027,” the global flock adhesives market was valued at $1.9 billion in 2019, and is projected to reach $2.9 billion by 2027, growing at a CAGR of 5.70% from 2020 to 2027.

Flock adhesives are binding materials that are used to bind different substrates such as rubber, plastic, and metals. Adhesive flocking is a process that involves incorporation of short fibers into adhesive layer through electrostatic or mechanical process. There are several processes that are used for adhesives flocking such as spraying, rolling, brushing, or dipping. Flock adhesives find applications in sectors such as automotive, textile, cosmetics, industrial technology, home & household, paper & packaging, construction, furniture, and textile.

Growth of the global flock adhesives market is attributed to the factors such as increase in utilization of flock adhesives in textile sector. There are several advantages of flock adhesives in the textile sector such as prevention of condensation of water droplets, heat insulation, prevention of dynamic friction & mechanical noise, and improve handling of equipment. Moreover, its characteristics such as environment friendly nature, elasticity, softness, resistance to scratches, and stability are the major growth factor in the global market. The automotive sector incorporates flock adhesive during manufacturing of glove boxes, sun visors, headrests, window guide, coiled cables, and cladding of pillars A, B & C. These factors propel growth of the global flock adhesives market. 

However, flocking adhesives in the textile industry can expose workers to small particles of nylon and inhalation of these particulates may lead to interstitial lung disease. Inhalation of other flocking particulates such as acrylic adhesives, ammonium ether of potato starch, heat transfer oil, tannic acid, and zeolite may lead to health-related issues. These factors are expected to hinder the market growth.

The global flock adhesives market is segmented on the basis of resin type, application, and region. Depending on resin type, the flock adhesives market is divided into acrylic, polyurethane, epoxy resin, and others. The acrylic flock adhesive segment was the largest contributor to the global market, garnering more than one-third of the total share in 2019.

By application, the market is fragmented into automotive, textiles, paper & packaging, and others. The textile segment dominated the global market, with over three-seventh of the total share in 2019.

Region wise, the flock adhesives market is fragmented into North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific accounted for the major global flock adhesives market share in 2019, and dominated the global market with more than half of the total market share in 2019.

Key players operating in the global flock adhesives market include CHT Germany GmbH, Kissel + Wolf, Lord Corporation, Sika Automotive, Swiss Flock, Stahl, Avient, Nyatex, Dow Chemical, and H.B. Fuller Company.

COVID-19 analysis:

COVID-19 is an infectious disease that originated in Hubei province of the Wuhan city in China in late December. However, the global flock adhesives market saw a positive effect due to COVID-19 pandemic. COVID-19 pandemic has put forward new opportunities for key players in the global flock adhesives market. Flock adhesives are widely used during manufacturing of corona test kits and test swabs. For instance, CHT Germany GmbH offers flock adhesives such as TUBVINYL 471-3 LE, TUBVINYL 472 M, and TUBICOLL 1410 M that are used in corona diagnostics. Swab collections kits that are flocked with adhesives offer superior specimen collection rate and reduce the risk of false negative diagnosis results. Flocking adhesives that are used for manufacturing of swab kits enhance the ability to collect cells at respected sites and then rapidly release collected cells. Flock adhesives are gaining importance in corona testing kits, owing to its enhanced diagnosis sensitivity. Flocked corona testing kits usually contain thousands of contact points that help to collect and release samples efficiently. In addition, increase in number of target cells enhances sensitivity of diagnosis kits. Other advantages of adhesive flocked diagnosis kits such as rapid elution, convenient handling & transport, and proprietary multi-length flock fibers adds to the growth of the global flock adhesive market despite of COVID-19 outbreak. This situation is further expected to improve as governments have started relaxing norms around the world for resuming business activities.

Key findings of the study

  • The acrylic segment dominated the global flock adhesives market in 2019 with around 34.0% of the market share in terms of revenue. 
  • The automotive application is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.8% from 2020 to 2027
  • Asia-Pacific dominated the global flock adhesives market in 2019 with around 45.0% of the market share. In addition, it is also estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 6.40% from 2020 to 2027

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quote Flock Adhesives Market by Resin Type (Acrylic, Polyurethane, Epoxy Resin, and Others) and Application (Automotive, Textiles, Paper & Packaging, and Others): Global Opportunity Analysis and Industry Forecast, 2020–2027 quote

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