Press release
Fabric Glue Market Research Report Exploring Market Drivers, Restraints, and Opportunities 2031 | Tear Mender, Nan Pao Resins Chemical Group, Prestige Coating Limited
The global fabric glue market generated a revenue of approximately US$ 10.8 billion in 2021 and is projected to reach US$ 20.6 billion by 2031, growing at a compound annual growth rate (CAGR) of 6.8% during the forecast period from 2022 to 2031. Fabric glue is a liquid adhesive used for mending and repairing flexible textiles in various applications, offering an alternative to sewing or stitching.
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Factors Influencing Market Growth:
1. Demand for Fabric Glue in Disposable Items: The increasing demand for fabric glue in gluing activities for disposable items made of non-woven and woven textiles is a significant driver of market growth. Fabric glue provides efficient bonding solutions in industries such as garments, textiles, automotive, and households.
2. Technological Advancements: Advancements in the fabric glue industry, such as the development of high-quality acrylic monomer emulsion, are expected to drive market growth. These technological improvements enhance the performance and versatility of fabric glue, expanding its applications.
3. Lack of Consumer Awareness: The market growth of fabric glue may be hindered by the lack of knowledge among consumers regarding its uses and advantages. Awareness campaigns and educational initiatives can help overcome this challenge.
Study of the COVID-19 Pandemic:
The COVID-19 pandemic had a moderate negative impact on the fabric glue market. However, as governments worldwide simplified regulations and economic recovery efforts accelerated, the fabric glue market is expected to witness increased demand. Sectors such as textiles, personal care, automotive, furniture, and e-commerce have contributed to the expansion of the market.
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Regional Insights:
Asia-Pacific is projected to grow at the highest CAGR during the forecast period. The region witnesses increased use of fabric glue in industries such as packaging, automotive, healthcare, textiles, and more. Fabric glue's versatility and resistance properties make it suitable for the formulation of medical and hygiene-related products, further driving market growth.
Leading Competitors:
Prominent competitors in the global fabric glue market include Tear Mender, Nan Pao Resins Chemical Group, Prestige Coating Limited, Henkel, Permatex Canada Inc, H.B. Fuller Company, Pidilite Industries Ltd, Gutermann GmbH, Arkema, Prym Consumer USA Inc, Duncan Enterprises Company, Beacon Adhesives Inc, Cattie Adhesives, Frameware LLC, Odif USA, and others.
Segmentation Analysis:
The global fabric glue market is segmented based on type, end-use industry, and region.
Type Segmentation:
- Permanent Fabric Glue
- Temporary Fabric Glue
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End-use Industry Segmentation:
- Industrial
- Automotive
- Textiles
- Home Furnishing
- Others
Region Segmentation:
- North America (The U.S., Canada, Mexico)
- Europe (Western Europe, Eastern Europe)
- Asia Pacific (China, India, Japan, Australia & New Zealand, ASEAN)
- Middle East & Africa (MEA) (UAE, Saudi Arabia, South Africa, Rest of MEA)
- South America (Brazil, Argentina, Rest of South America)
In conclusion, the global fabric glue market is expected to witness significant growth driven by factors such as increased demand for gluing activities in disposable items and technological advancements in the industry. Asia-Pacific is projected to exhibit the highest growth rate, benefiting from diverse end-use industries and the utilization of fabric glue in the medical field. The segmentation based on type, end-use industry, and region provides a comprehensive understanding of the market dynamics.
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