Flock Adhesives Market 2019 | Emerging Trends, Highlights and Challenges Forecast 2023

Industry/ Innovations/ Related News:

September 12, 2018 – Henkel AG & Co. KGaA (Germany), a leading global adhesive and Sealant Company laid the cornerstone for the new global innovation center of its Adhesive Technologies business at the company’s headquarters in Düsseldorf. The venture involves an investment of more than 130 Mn. Euros. The facility alongside offering around 350 Henkel experts to develop new technologies and applications will also serve as a global customer center, for Henkel to present new solutions for adhesives, sealants and functional coatings. The project is estimated to be completed by the end of 2020.

Key Players:

The Global Flock Adhesives Market is driven by some of the leading players including H.B. Fuller Company (US), Henkel AG & Co. KGaA (Germany), The Dow Chemical Company (US), NYATEX(US), LORD Corporation (US), Stahl Holdings B.V(the Netherlands), Sika AG(Switzerland), International Coatings (US), Gemteks Tekstil Boyalari (Turkey), and Kissel + Wolf (KIWO – Germany).

Market Synopsis:

Flock Adhesives provide excellent bonding to many different types of substrate they are applied on, such as plastics, textiles, metals, wood, glass, and paper. They are used to improve the feel of a garment, noise reduction and to provide thermal insulation. Besides, Flock Adhesives offer enhanced durability, sustainability, safety, comfort, and vibration to the products.

Flocks are majorly consumed in the automobile manufacturing sectors. Due to stringent emission norms, automotive regulations, including crash, safety, and engine downsizing automakers are adopting light-weight auto parts and materials such as fiber to reduce the total vehicle weight.

Working in the same direction, manufacturers of flocks, are too driving cutting-edge technologies that are focused on sustainable light-weighting solutions to help OEMs achieve their targets of weight reduction, cost efficiency, and better fuel economy while enhancing safety and comfort in vehicles.

Additionally, flocks are also used for car body interior and exterior applications such as interior lamination adhesives, bonding and sealing solutions for exterior components. As a result, the automotive manufacturing sector generates a vast demand for Flock Adhesives which is helping the Flock Adhesives Market to grow on the global platform.

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Considering the rapid market expansion, Market Research Future (MRFR) in its recently published study report, asserts that the Global Flock Adhesives Market is forecasted to grow exponentially by 2023, registering a staggering CAGR during the review period (2017-2023). Paper and packaging sector is another lucrative application of flock adhesives, driving the demand hugely.

Global Flock Adhesives Markets – Segments

The report is segmented into three key dynamics for the convenience;

By Resin Type: Acrylics, Polyurethane, and Epoxy among others.

By Application: Automotive, Textiles, Paper & Packaging among others.

By Region:  North America, Europe, APAC and the Rest-of-the-World.

The subsegment acrylics owns the majority of the market share owing to the unique features offered by the resin type such as excellent chemical and thermal resistance.

Whereas, the subsegment polyurethane resin is projected to witness a rapid growth in the market owing to its growing consumption in the automobile, and paper & packaging sectors, among others.

The subsegment automobile accounts for a substantial share of the market by applications owing to the major switch to lightweight materials to improve the efficiency and performance of vehicles.

Whereas, the subsegment paper & packaging generates a major demand for the flock adhesives, witnessing rising sales of greeting cards, gifts, and packaging. The subsegment is expected to lead the application segment during the assessment period.

Global Flock Adhesives Markets – Geographical Analysis

Globally, the Asia Pacific region dominates the Global Flock Adhesives Market owing to the increasing adoption of lightweight materials in automotive, paper & packaging, and textiles among others. The burgeoning automotive industry in the region is expected to generate enormous demand for flock adhesives during the review period.

Consequently, countries such as China, Japan, and India, backed by their growing automotive sectors contribute majorly to the market in the region. Furthermore, improving the economy in the region is boosting the demand for Flock Adhesives, improving the standard of living and increasing consumers’ purchasing power.

North America Flock Adhesives Market emerging as the fastest growing market accounts for a substantial market share on the global platform. Factors such as the increased consumption of adhesives in textiles and paper packaging sectors, substantiate the market growth in the region.

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Also, factors such as growing investments in the end-use industries and technological advancement along with the augmenting uptake of the material boost the market growth in the region. Simultaneously, the presence of leading global players is one of the key driving forces, substantiating the growth in the region. Witnessing a broad uptake across the region the North America Flock Adhesives Market is expected to significantly contribute to the GDP of the region throughout the assessment period.

The Europe Flock Adhesives Market is emerging as one of the promising markets, witnessing the implementation of new regulations proposed by the government to follow lightweight and biocompatible resins in the industry. Besides, the growing consumption of lightweight materials in the automobile sector has propelled the market growth to an extent. Flock Adhesives Market in the UK, Italy, Germany, and France, driven by growing innovation and technological advancement are supporting the market growth.    

                              

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Flock Adhesives Market 2018: Analysis, Size, Share, Growth and Trends by Forecast to 2023

Flock Adhesives Market – Overview
The Global Flock Adhesives Market is growing with the impulsive pace; mainly due to the expanding automotive and textile industries. According to a recent study report published by the Market Research Future, the global market of Flock Adhesives is prospering and expected to gain strong influence over the forecast period. The market is estimated to demonstrate a remarkable growth by 2023, surpassing its previous growth records in terms of value with a striking CAGR during the estimated period (2017 – 2023).

Globally, the market for Flock Adhesives is driven by the region Asia Pacific, owing to growing consumption of foil adhesives in automotive, textiles, paper & packaging, electrical & electronics, and others. These materials are used to impart excellent aesthetic appearance, durable nature, chemical along with abrasion resistance to the final product. Additionally, increasing consumption of the product on glass, fibers, and others has led to a surge in demand for flock adhesives in the market.
Increasing demand for adhesives in applications such as toys, automobile seat repair, medical devices, and others signifies the growth of end-use industries. Moreover, growing consumption of product due to unique features offered by the product such as aesthetic appearance, fibered grip, protection against scratches, and cracks provide a momentum to the flock adhesives market growth.
On the other hand, extensive use of flock materials in major industries is projected to propel the market growth during the forecast period.

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Flock Adhesives are used in various end-use industries such as automotive, textiles, paper & packaging, and others. They are utilized to add extraordinary features such as superior performance, enhanced mechanical properties, and others to the final product. The growing demand of these materials has prompted the manufacturers and investors to shift their focus from ordinary materials to advanced adhesives in end-use applications. Additionally, the improving technological advancement and innovations of the product in the leading companies have resulted into a remarkable growth in the market during the forecast period.

Flock Adhesives Market   - Regional Analysis
Geographically, Asia Pacific is leading the Global Flock Adhesives Market. China holds the major portion due to extensive use of advanced adhesives and increasing replacement of heavy substances by lightweight products in the region. Increasing consumption of foil adhesives in numerous applications such as gifts, greeting cards, sponge, toys, fabric, woven, and others has boosted the market demand in Japan, and India. North America has witnessed a significant growth in the market owing to rapid consumption of advanced adhesives in end-use industries. A notable growth has been received by the European region due to implementation of strict rules and regulations to adopt bio-compatible and superior materials in major sectors. Additionally, the market is growing significantly in the Middle East & Africa and Latin America regions, due to extensive consumption of low density, water-proof materials in the major industries.

Flock Adhesives Market- Competitive Landscape
The Flock Adhesives Market appears to be competitive with the presence of several large and small players operating in manufacturing and development of product. These key players compete with each other’s on the basis of quality, price, production and innovation. Flock adhesives market is set to grow at a higher CAGR which is likely to attract many entrants to the market resulting into healthy competition in the future. Manufacturers operating in the flock adhesives market are struggling to respond to an increase in demand for the product from automotive, textiles, paper & packaging, and other sectors attributed to technological advancement and increasing production capacity in major sectors. They ensure to deliver the best quality products based on innovative technologies, solutions and best practices.

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Industry/ Innovation/ Related News:
November 11, 2016 – FLEXcon Company, Inc (the Netherlands), one of the leading manufacturers of flock adhesives, declared that the company has come into an agreement with FiberLok to develop a Lextra Pressure Adhesive dimensional graphics for reliable, prime label, and point of purchase(POP) applications. This product has been manufactured due to its ability to produce flock transfers. One of the sources of the company also announced that the product has created a surge in demand for end-use applications such as brand identity labels on durable goods, instructional labels for auto interiors, and others. Therefore, these factors are expected to drive the market over the assessment period.

Flock Adhesives Market 2017: Company Profiles and Demand by Forecast 2023

Flock Adhesives are used in a wide array of segments which offers significant properties such as excellent flexibility, heat stability, and optical activity. Furthermore they provide versatility and reliability to the product.

The Global Flock Adhesives Market has been driven by the scope of its application in various sectors such as automotive, textiles, paper & packaging, and others. Moreover, it is estimated that the textile segment is set to witness the highest growth in the market due to the growing consumption of flocks in the sector over the forecast period.

Market Segmentation:The Global Flock Adhesives Market is segregated into the resin type and application. On the basis of the resin type, the market is further categorized into acrylics, polyurethane, and epoxy segments. The acrylics segment is the most widely used resin type in the market due to its growing consumption in the automotive, textiles, paper & packaging industries. Moreover, durability and strength are the major factors behind the popularity of this segment. The increasing use of polyurethane segment in furniture, beds, seats, footwear and coatings is predicted to drive the market during the assessment period.

On the Basis Of the Application, the market is segmented into automotive, textiles, paper & packaging, electrical & electronics, and others. The automotive sector is the leading segment in the market and is anticipated to observe a rapid growth due to an increased demand for low density materials in various applications. These adhesives are used to improve the performance, efficiency of the engines. Moreover, excellent flexibility, water resistance, UV and tear resistance are some of the properties offered by these adhesives in the industry. The paper & packaging segment is predicted to witness a higher growth in the industry due to growing consumption of flocks in gifts, greeting cards, and packaging trade.  Moreover, the textiles segment is set to grow at a significant rate due to its excellent tactile, insulating, sound- absorbing, gliding, adhering, cleaning and aesthetic properties offered by the product.

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Segmental Analysis:The Global Flock Adhesives Market is spanned across five key regions: Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa. Among these, Asia Pacific holds the major portion of the global market and is anticipated to continue its dominance due to rising demand for flock adhesives market in various applications. Countries such as China, Japan and India are the major players in this region. The North America region is estimated to witness a higher growth in the U.S., Canada and Mexico owing to increasing demand for lightweight materials in automotive and textile segments. The enactment of new rules and regulations set by the European Union has driven the manufacturers to use eco-friendly resin types in the end-use industries. Moreover, it is projected that the advancing research & development of flocks in the market has propelled this region to witness a significant growth in Germany, the U.K and Italy.

The Middle East & Africa is estimated to observe a significant growth due to increasing consumption of low density materials in automotive, paper & packaging, textiles and others. Additionally, the growing demand for corrosion and UV resistance materials is projected to boost the market in the Latin American region.

Competitive Analysis:Some of the major players functioning in the Global Flock Adhesives Market are Henkel AG & Co. KGaA (Germany), H.B. Fuller Company (U.S.), The Dow Chemical Company (U.S.), LORD Corporation(U.S.), NYATEX(U.S.), Stahl Holdings B.V( the Netherlands), International Coatings(U.S.), Sika AG(Switzerland), Kissel + Wolf (KIWO) (Germany), and Gemteks Tekstil Boyalari (Turkey) among others.

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Key Points from Table of Contents:
1    Executive Summary

2    Scope of the Report

3    Market Research Methodology

4    Market Landscape

5    Industry Overview of Global Flock Adhesives Market

6    Market Trends

7. Global Flock Adhesives Market by Resin Type

8. Global Flock Adhesives Market by Application

9. Global Flock Adhesives Market by Region

10. Company Landscape

11. Company Profiles

11.1       Henkel AG & Co. KGaA
11.1.1    Company Overview
11.1.2    Resin Type/Business Segment Overview
11.1.3    Financial Updates
11.1.4    Key Developments

11.2       H.B. Fuller Company
11.2.1    Company Overview
11.2.2    Resin Type/Business Segment Overview
11.2.3    Financial Updates
11.2.4    Key Developments

11.3       The Dow Chemical Company
11.3.1    Company Overview
11.3.2    Resin Type/Business Segment Overview
11.3.3    Financial Updates
11.3.4    Key Developments

11.4       LORD Corporation
11.4.1    Company Overview
11.4.2    Resin Type/Business Segment Overview
11.4.3    Financial Updates
11.4.4    Key Developments

11.5       NYATEX
11.5.1    Company Overview
11.5.2    Resin Type/Business Segment Overview
11.5.3    Financial Updates
11.5.4    Key Developments

12    Conclusion

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