Press release
Flock Adhesives Market Growth Statistic and Trend Forecast, 2027
Drivers, restraints, and opportunities-
Increase in use of flock adhesives in main stream applications and upsurge in utilization of flock adhesives in sectors such as packaging, cosmetics, and furniture drive the growth of the global flock adhesives market. On the other hand, health hazards related to inhalation of flock adhesives impede the growth to some extent. However, mounting demand for flock adhesives in the packaging sector is expected to create lucrative opportunities in the industry.
๐๐๐ช๐ฎ๐๐ฌ๐ญ ๐๐๐ ๐๐ซ๐จ๐๐ก๐ฎ๐ซ๐: https://www.alliedmarketresearch.com/request-sample/11033
The global flock adhesives market report is analyzed across resin type, application, and region. Based on resin type, the acrylic segment held more than one-third of the total market share in 2019, and is anticipated to dominate by 2027. At the same time, the polyurethane segment would grow at the fastest CAGR of 6.40% during the forecast period.
The acrylic segment to retain its dominance by 2027-
Based on resin type, the acrylic segment accounted for more than one-third of the global flock adhesives market share in 2019, and is expected to lead the trail by the end of 2027. This is attributed to its water resistance capability. The polyurethane segment, on the other hand, would register the fastest CAGR of 6.40% throughout the forecast period. Its properties such as VOC & formaldehyde free, stability, and enhanced dry & wet wipe resistance fuel the segment growth.
๐๐๐ญ ๐๐๐ญ๐๐ข๐ฅ๐๐ ๐๐ง๐๐ฅ๐ฒ๐ฌ๐ข๐ฌ ๐จ๐ง ๐ญ๐ก๐ ๐ ๐ฅ๐จ๐๐ค ๐๐๐ก๐๐ฌ๐ข๐ฏ๐๐ฌ ๐๐๐ซ๐ค๐๐ญ @ https://www.alliedmarketresearch.com/request-for-customization/11033?reqfor=covid
The textile segment to retain its dominance by 2027-
Based on application, the textile segment contributed to more than two-fifths of the global flock adhesives market revenue in 2019, and is anticipated to rule the roost by 2027, due to rising adoption of flock adhesives in natural and synthetic fabric. Simultaneously, the automotive segment would exhibit the fastest CAGR of 6.80% from 2020 to 2027, owing to rise in use of flock adhesives for manufacturing of glove boxes, sun visors, headrests, and others.
Asia-Pacific, followed by Europe and North America, garnered the major share in 2019-
Based on geography, Asia-Pacific, followed by Europe and North America, held the highest share in 2019, generating more than two-fifths of the global flock adhesives market. The same region would also manifest the fastest CAGR of 6.40% during the forecast period. This is due to rise in number of automotive and textile manufacturers in China and India.
๐๐ง๐ญ๐๐ซ๐๐ฌ๐ญ๐๐ ๐ข๐ง ๐๐ซ๐จ๐๐ฎ๐ซ๐ข๐ง๐ ๐ญ๐ก๐ข๐ฌ ๐๐๐ฉ๐จ๐ซ๐ญ? ๐๐ข๐ฌ๐ข๐ญ ๐๐๐ซ๐: https://www.alliedmarketresearch.com/flock-adhesives-market/purchase-options
The key market players analyzed in the global flock adhesives market report include Kissel + Wolf, Lord Corporation, H.B. Fuller Company CHT Germany GmbH, Avient, Sika Automotive, Swiss Flock, Stahl, Nyatex, and Dow Chemical. These market players have incorporated several strategies including partnership, expansion, collaboration, joint ventures, and others to brace their stand in the industry.
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