| The global Flock Adhesive market is valued at US$2.7 billion in 2021 and is expected to grow at a CAGR of 5.9% during the forecast period (2022-2029) mainly due to the increasing demand of the chemical in the automotive industry.
ChemIntel360’s global Flock Adhesive market study is a 152-page report containing in-depth analysis on historical and forecasted spending and consumption patterns in the sector. The report offers granular value and volume data from a global, regional, applications, and end-use industry perspective
Flock Adhesives are widely used due to their capability to bond different materials, offer thermal insulation, lower noise reduction, and dampen vibration. Increasing demand of Flock Adhesives in sectors such as textile and automotive would contribute to the growth of the market.
The base year is 2021 for the study with historical data between 2018 and 2021. The data forecast has been provided for the years between 2022 and 2029.
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Insights on Application:
The flock adhesive market is classified into textiles, automotive, paper and packaging and others based on end-user application industry.
Flock Adhesives are utilized for flocking of suede-based fabrics in the textile industry. It can also be utilized for the lamination of film to fabric. These adhesives are also involved in adhering filament fibers, nylon, and polyesters for improving the final finish of the product. These adhesives are also widely used in paper and packaging industry. Growing use of these adhesives products in the automotive industry, especially for the automotive interiors would contribute to the growth of the market. They are broadly utilized for bonding, assembling and laminating vehicle interior components to improve the aesthetic appeal of the vehicle as well for improving noise reduction capability.
Insights on Type:
In terms of type, the global Flock Adhesive market is segmented into waterborne and solvent-borne adhesives. The waterborne segment accounted for 73.2% of the market share in 2021.
Solvent-based adhesives provide better adhesion to the substrate compared to water based adhesives. However, they are considered less eco-friendly due to the toxic fumes emitted by these adhesives which can cause damage to the local environment. Use of these adhesives can also increase the overall expenditure for the consumer as they can’t be discarded using conventional residual wastewater. Alternatively, waterborne adhesives are projected to grow at a higher rate due to their eco-friendly characteristics.
Insights on Regional growth
The APAC region held the majority share in the global Flock Adhesive market in 2021 with a majority share and is projected to maintain its lead in the forecast period. The rising automotive industry in the APAC region would contribute to the growth of the market. The growing use of Flock Adhesives in the packaging industry of the emerging economies countries such as India and China would be a key driver for the Flock Adhesive market. Europe was the second-largest regional market and accounted for 22.3% in 2021. Aided by a modest recovery in the textile industry, the region is projected to grow a robust pace during the forecast period.
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Key Companies
Sika AG, Dow Chemical, Avient, Nyatex, Lord Corporation, Stahl, Henkel, H.B. Fuller, Kissel & Wolf GmbH, Avient, and International Coatings Company
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