Global Flock Adhesive Market Comprehensive Study: Forecasted Market Size And Growth Rate | Dow Inc., Henkel AG & Co. KGaA, Parker Hannifin Corporation, Avery Dennison Corporation, Wacker Chemie AG

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The Business Research Company offers in-depth market insights through Flock Adhesive Global Market Report 2024, providing businesses with a competitive advantage by thoroughly analyzing the market structure, including estimates for numerous segments and sub-segments.

Market Size And Growth Forecast:
The flock adhesive market size has grown strongly in recent years. It will grow from $2.51 billion in 2023 to $2.69 billion in 2024 at a compound annual growth rate (CAGR) of 7.3%. The growth in the historic period can be attributed to urban congestion, advancements in electric propulsion, autonomous vehicle technology, rapid technological innovation, investment and industry interest
.

The flock adhesive market size is expected to see strong growth in the next few years. It will grow to $3.45 billion in 2028 at a compound annual growth rate (CAGR) of 6.4%. The growth in the forecast period can be attributed to increasing investment in research and development, growing demand for zero-emission transportation, expansion of the market, advancements in autonomous flight technology, reduced travel times and environmental benefits. Major trends in the forecast period include investment in research and development, market growth, innovative products offering, environmental concerns
.

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Market Segmentation:
The flock adhesive market covered in this report is segmented -

1) By Flock Type: Nylon Flock, Polyester Flock, Cotton Flock, Rayon Flock, Other Flock Type
2) By Source: Waterborne, SolventBorne
3) By Resin: Acrylic , Polyurethane , Epoxy resin , Other Resin Types
4) By Application: Automotive, Textile, Printing, Paper And Packaging, Other Application

Major Driver - Expanding Textile Industry Fuels Flock Adhesive Market Growth
The growing textile industry is expected to propel the growth of the flock adhesive market going forward. The textile industry refers to the industry that encompasses activities ranging from research, design, and manufacturing of textiles, fabrics, and clothing. Flocking adhesives that use non-toxic, water-based, and recycled fibers are used for the decorative textile finishing process that involves applying tiny fibers, called a flock, to a surface to create a soft, velvety texture. For instance, in September 2022, according to the State Council of the People's Republic of China, a China-based governing protected site, from January to July 2022, primary textile retailers collectively recorded sales of ¥ 9.48 trillion ($1.30 trillion), reflecting a 1.7% increase compared to the same period last year in China. Additionally, clothing exports amounted to $189.4 billion, representing a year-on-year rise of 12.4% nationwide. Therefore, the growing textile industry is driving the growth of the flock adhesive market.

Competitive Landscape:
Major companies operating in the flock adhesive market report are Dow Inc., Henkel AG & Co. KGaA, Parker Hannifin Corporation, Avery Dennison Corporation, Wacker Chemie AG, H.B. Fuller Company, Avient Corporation, Ashland Global Holdings, Sika AG, LORD Corporation, CHT Germany GmbH, Paramelt BV, Stahl Holdings B.V., Franklin International Inc., Argent International Inc., Kiwo Inc., International Coatings Company Inc., Anhui Sinograce Chemical Co. Ltd., Nyatex Adhesive and Chemical Co., SwissFlock AG, Schuster Beflockung GmbH, VIRUS Inks, Flock It, Parker Hannifin Corporation, Anhui Dowell Huatai New Materials Co. Ltd. , Chemproof Chemicals Company, and Flocking Ltd.

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Top Trend - Introduction Of Environmentally Friendly Flocking Adhesive Composition To Gain A Competitive Edge In The Market
Major companies operating in the flock adhesive market are increasing their focus on developing recyclable and compostable adhesives to gain a competitive edge. Water-borne flock adhesives are adhesive formulations that primarily consist of water as the solvent or carrier medium designed for flocking, where they bond small, fine flock fibers to a surface to create a textured or velvety finish. Solventless flock adhesives are adhesive formulations that do not contain volatile organic solvents as a carrier medium and are used in the flocking process to bond flock fibers to various surfaces. For instance, in April 2021, H.B. Fuller, a US-based provider of flexible packaging adhesive, launched two new adhesive solutions that are compostable: extra Evolution SF1000CP/XR2000CP, a solventless adhesive suitable for various biodegradable films and Flextra Evolution WB1200CP/XR2200CP, water-based system ideal for paper-to-film laminations. Both adhesives are compostable, with the latter being certified by North America's BPI. These adhesives are comparable to traditional multi-layer packaging adhesives, offer better print quality, and integrate well with standard equipment.

The Table Of Content For The Market Report Include:
1. Executive Summary
2. Flock Adhesive Market Characteristics
3. Flock Adhesive Market Trends And Strategies
4. Flock Adhesive Market - Macro Economic Scenario
5. Flock Adhesive Market Size And Growth
…..
27. Flock Adhesive Market Competitor Landscape And Company Profiles
28. Key Mergers And Acquisitions
29. Future Outlook and Potential Analysis
30. Appendix

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