Press release
Flock Adhesives Market Research Insights With DSM, AMETEK, Henkel AG, Solvay, H.B. Fuller Company, Asahi Kasei, Sika, Dow, LORD Corporation, Stahl Holdings, Aquafil Group, Flock It!, Franklin International, Nyatex Chemical Company, BASF, ARC Resin Corp
Flock Adhesives Market
Global flock adhesives market is expected to register a substantial CAGR of 6.97% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing levels of innovations and advancements in the market.
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Market Definition: Global Flock Adhesives Market
Flock adhesives are chemically formulated products that are utilized in the process of flocking in which a number of small particles are deposited on a textile surface. This process is done to improve the overall characteristics of the substrate/product which essentially translates to better aesthetic appeal, texture and appearance. It helps in the creation of a smooth finish to the substrate so that no flaws are visible as it results in better sticking capabilities.
Key Market Competitors: Global Flock Adhesives Market
Few of the major competitors currently working in the global flock adhesives market are Henkel AG & Co. KGaA; H.B. Fuller Company; Sika AG; Dow; Stahl Holdings BV; Flock It!; Franklin International; NYATEX; Anhui Jiangnan Chemical Co., Ltd.; Ralken Colours; Argent International, Inc.; International Coatings; LORD Corporation; BASF SE; Asahi Kasei Corporation; Solvay; AMETEK.Inc.; ARC Resin Corporation; AG Polymers LLC; Koninklijke DSM N.V.; Aquafil S.p.A.; Union Ink; FLOC-King – The Flocking Shop UK; Uras Chemical; Feteks Kimya San. Tic. Ltd. Şti.; Anhui Sinograce Chemical Co., Ltd.; Jesons; Huate Bonding Material Co.,Ltd. and Weifang Ruiguang Chemical Co. Ltd.
Market Drivers:
· Rise in the demand for the product from the various end-use industry verticals; this factor is expected to drive the growth of the market
· Presence of certain regulations and compliances regarding the emissions of the fuel efficiency in vehicles resulting in growth of demand from the automotive industrial vertical; this factor is expected to drive the growth of the market
· Increased demand for the product from the Asia-Pacific region as it is one of the major developing regions; this factor is expected to drive the growth of the market
Market Restraint:
· Dependency on the raw materials which have vulnerable prices resulting in fluctuations of the cost of the end-product; this factor is expected to restrain the growth of the market
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Global flock adhesives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flock adhesives market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
Segmentation: Global Flock Adhesives Market
By Resin Type
· Acrylics
· Polyurethane
· Epoxy
· Others
By Application
· Automotive
· Textiles
· Paper & Packaging
· Printing
· Others
By System
· Water-Based
· Solvent-Based
By Type
· One Component
· Two Component
By Geography
· North America
o US
o Canada
o Mexico
· South America
o Brazil
o Argentina
o Rest of South America
· Europe
o Germany
o France
o United Kingdom
o Italy
o Spain
o Russia
o Turkey
o Belgium
o Netherlands
o Switzerland
o Rest of Europe
· Asia-Pacific
o Japan
o China
o South Korea
o India
o Australia
o Singapore
o Malaysia
o Indonesia
o Thailand
o Philippines
o Rest of Asia-Pacific
· Middle East and Africa
o South Africa
o Egypt
o Saudi Arabia
o United Arab Emirates
o Israel
o Rest of Middle East and Africa
Key Developments in the Market:
· In May 2019, Dow and Safic-Alcan announced that they had extended their agreement for the distribution of Dow’s flock adhesives product portfolio. The extended agreement will be focused on the distribution of the products over the Middle East & Africa along with the European region. This agreement will help in expansion of the presence of Dow’s flock adhesives capabilities globally.
· In July 2017, Franklin International announced that they are expanding their corporate headquarters for the construction of an R&D facility at the premises for an investment amount of USD 4.4 million. The expansion will include construction of climate chambers, purchasing of equipments for research and expansion of their workforce for the development of polymers, development of innovative adhesives, and manufacturing methods for effective & efficient production processes.
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