Research Nester published a report titled “Flock AdhesivesMarket: Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global flock adhesivesmarket in terms of market segmentation by source, type, application, and by region.
Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.
The global flock adhesives market is anticipated to grow with a CAGR of ~5% during the forecast period, i.e. 2022-2031. The market is segmented by application into automotive, textile, printing, paper & packaging, and others. Out of these, the automotive segment is expected to garner the highest revenue by 2031. The primarily growth of the segment is due to rising demand of automobiles and high number of vehicles on the road across the world.
The global flock adhesives market is estimated to garner notable revenue by the end of 2031. The growth drivers for the global flock adhesives market include the preference for using flock adhesives in the textile industry and high investments in research and development activities for the development of new products in the market. Furthermore, recent trends show that flock adhesives are being used in a variety of industries, including household, garments, cosmetics, packaging, mechanical tools, industrial, and thermal insulation.Thus, the expansion of end-use industries is expected to foster growth in the global flock adhesives market in coming years.
Geographically, the flock adhesives market is segmented into five major regions, including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimated to garner the largest market share by the end of 2031, on the back of the high rate of vehicle production, high demand for textile fibers, urbanization and industrialization, expansion in research and development expenditure, high disposable income, and considerable growth in GDP.
The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.
Rise in Demand of vehiclesto Drive the Market Growth
As per data by the International Organization of Motor Vehicles, the total production of vehicles in the Asia Pacific region was 46,732,785 units in 2021, a rise from 44,276,549 units in 2020.
There has been a surge in the utilization of flock adhesives in the automotive industry to balance the demand for thermal insulation, automotive interiors, and other tools and parts. Thus, the increment in the demand for vehicles along with their parts is expected to bring lucrative opportunities for the market players. Flock adhesives are also used to eliminate the extra noise and join applications.
However, the toxic nature of flock adhesives coupled with hazardous health effects from inhalation and stringent rules by the government is expected to operate as a key restraint to the growth of the global flock adhesives market over the forecast period.
This report also provides the existing competitive scenario of some of the key players of the global flock adhesivesmarket which includes company profiling of Henkel AG & Co. KGaA, H.B. Fuller Company, The Dow Chemical Company, Sika AG, KIWO INC., International Coatings Company, Inc., Centre for High Technology, Parker-Hannifin Corporation, Stahl Holdings B.V., Argent International, Inc. and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global flock adhesivesmarket that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.
