Flock Adhesives Market Size
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.79 Billion |
| Market Size (2029) | USD 3.67 Billion |
| CAGR (2024 - 2029) | 5.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Flock Adhesives Market Analysis
The Flock Adhesives Market size is estimated at USD 2.79 billion in 2024, and is expected to reach USD 3.67 billion by 2029, growing at a CAGR of greater than 5.5% during the forecast period (2024-2029).
The COVID-19 pandemic negatively affected the market for flock adhesives. Due to nationwide lockdowns in several countries, strict social distancing measures resulted in the closure of textile manufacturing plants and automotive plants, thereby affecting the market for flock adhesives. However, the market registered a significant growth rate well after the restrictions were lifted. The market registered a growth rate due to the increasing demand for flock adhesives in automotive, textiles, paper, and packaging applications.
Increasing demand for coated fabrics and finished products, rising demand for lightweight, low carbon-emitting vehicles, and the increasing demand for flock adhesives in the Asia-Pacific region are expected to drive the market for flock adhesives.
On the flip side, volatility in raw material prices is expected to hinder the growth of the market.
The increasing demand for green, sustainable flock adhesives is expected to create opportunities for the market during the forecast period.
The Asia-Pacific region is expected to dominate the market. It is also expected to register the highest CAGR during the forecast period due to rising demand for flock adhesives in automotive, textiles, paper, and packaging applications.
Flock Adhesives Market Trends
Textiles Application Segment to Dominate the Market
- The textile is expected to lead the growth of the market. Flock adhesives are used in the textile industry, especially for the flocking of suede fabrics.
- China is the leading producer of textiles in the world. In 2022, China was the top-ranked global textile exporter, with a value of approximately USD 148 billion.
- Similarly, the European Union ranked in second place, with an export value of around USD 71 billion. The export value of textiles is further expected to increase in the coming years, thereby driving the current studied market.
- According to the European Commission, the European Union's textiles ecosystem generates value and opens up opportunities for investment and innovation. Textiles and clothing (T&C) is one of Europe's largest and most diversified industrial sectors, with a workforce of 1.5 million and a turnover of around EUR 162 billion (USD 179 billion). Thus, the increasing market for textile products is expected to drive the market for flock adhesives in the region.
- Additionally, in India, with an increase in foreign direct investment (FDI) in the textile industry from the past decade, the production of textiles is increasing, thus resulting in increased use of flock adhesives. According to the Indian Brand Equity Foundation, India's textile and apparel exports (including handicrafts) from April 2023 to October 2023 stood at USD 21.15 billion. The industry is expected to reach USD 190 billion by 2025-26.
- Furthermore, according to the National Council of Textile Organization (NCTO), the United States is the world's third-largest exporter of textiles. The United States textile industry supplies the US military with over 8,000 textile products. Further, the textile and apparel shipments in the country reached USD 65.8 billion in 2022.
- Thus, the textiles application segment will dominate the market for flock adhesives during the forecast period.
Asia-Pacific Region to Dominate the Market
- The Asia-Pacific region is expected to dominate the market for flock adhesives due to rising demand from the automotive, textile, paper, and packaging applications in the region.
- The production volume of automotive vehicles is increasing in the Asia-Pacific region, with China and India being the major manufacturers. According to OICA, in 2022, the total production volume of automotive vehicles in the area reached 50.02 million, compared to 46.76 million units manufactured in the previous year. Thus, the increase in the production volume of automotive vehicles will drive the market for flock adhesives in the region.
- In India, the demand for automotive vehicles is increasing with the rising population. Thus, various manufacturers have announced their expansion plans to increase the production capacity of automotive vehicles in the country. For instance, in January 2023, MG Motor India announced to invest USD 100 million to expand capacity and register a growth of 70% by the end of 2023. Thus, the growing markets for automotive vehicles in China and India are expected to drive the demand for Flock adhesives during the forecast period.
- Furthermore, in China, the textile industry registered significant market growth. According to the National Bureau of Statistics of China, the textile production volume in China accounted for 38.2 billion meters in 2022, compared to 23.5 billion meters during the same period in the previous year. In December, approximately 3.47 billion meters of clothing fabric were produced in China. Monthly textile production volume was consistently above three billion meters.
- Furthermore, in the Asia-Pacific, the demand for packaged food is growing, owing to lifestyle changes, the growing disposable income of people, the increasing number of working professionals, and the growing preference for fast food. Consumers prefer ready-to-consume foods because they require considerably less time for cooking, are fresh, and have attractive and sturdy packaging, supporting the demand for the market studied.
- Overall, the growth of industries such as automotive, textiles, and packaging will likely drive the market for flock adhesives in the region during the forecast period.
Flock Adhesives Industry Overview
The flock adhesives market is consolidated in nature. Some of the major players in the market (not in any particular order) include Dow, H.B. Fuller Company, Henkel AG & Co. KGaA, Kissel + Wolf GmbH, and Sika AG, among others.
Flock Adhesives Market Leaders
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Dow
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H.B. Fuller Company
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Henkel AG & Co. KGaA
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Kissel + Wolf GmbH
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Sika AG
*Disclaimer: Major Players sorted in no particular order
Flock Adhesives Market News
- February 2022: Bostik’s parent company, Arkema Group, finalized the acquisition of Ashland’s Performance Adhesives business, a first-class leader in high-performance adhesives in the United States. This acquisition will strengthen Bostik’s Adhesive Solutions segment.
- January 2022: H.B. Fuller announced the acquisition of Apollo, a UK-based manufacturer of liquid adhesives, coatings, and primers for roofing, industrial, and construction markets. Apollo will operate within H.B. Fuller’s existing construction adhesives & engineering adhesives business unit.
Flock AdhesivesMarket Report - Table of Contents
1. INTRODUCTION
- 1.1 Study Assumptions
- 1.2 Scope of the Study
2. RESEARCH METHODOLOGY
3. EXECUTIVE SUMMARY
4. MARKET DYNAMICS
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4.1 Drivers
- 4.1.1 Increasing Demand of Coated Fabrics and Finished Products
- 4.1.2 Rising Demand for Light weight Low Carbon Emitting Vehciles
- 4.1.3 Increasing Demand for Flock Adhesives in the Asia-Pacific Region
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4.2 Restraints
- 4.2.1 Volatility in Raw Material Prices
- 4.2.2 Other Restraints
- 4.3 Industry Value Chain Analysis
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4.4 Porter's Five Forces Analysis
- 4.4.1 Bargaining Power of Suppliers
- 4.4.2 Bargaining Power of Buyers
- 4.4.3 Threat of New Entrants
- 4.4.4 Threat of Substitute Products and Services
- 4.4.5 Degree of Competition
5. MARKET SEGMENTATION (Market Size in Value)
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5.1 Resin Type
- 5.1.1 Acrylic
- 5.1.2 Polyurethane
- 5.1.3 Epoxy resin
- 5.1.4 Other Resin Types (Alkyd, Cyanoacrylate, etc.)
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5.2 Application
- 5.2.1 Automotive
- 5.2.2 Textiles
- 5.2.3 Paper and Packaging
- 5.2.4 Other Applications (Printing, Footwear, etc.)
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5.3 Geography
- 5.3.1 Asia-Pacific
- 5.3.1.1 China
- 5.3.1.2 India
- 5.3.1.3 Japan
- 5.3.1.4 South Korea
- 5.3.1.5 Rest of Asia-Pacific
- 5.3.2 North America
- 5.3.2.1 United States
- 5.3.2.2 Canada
- 5.3.2.3 Mexico
- 5.3.3 Europe
- 5.3.3.1 Germany
- 5.3.3.2 United Kingdom
- 5.3.3.3 Italy
- 5.3.3.4 France
- 5.3.3.5 Rest of Europe
- 5.3.4 South America
- 5.3.4.1 Brazil
- 5.3.4.2 Argentina
- 5.3.4.3 Rest of South America
- 5.3.5 Middle East and Africa
- 5.3.5.1 Saudi Arabia
- 5.3.5.2 South Africa
- 5.3.5.3 Rest of Middle East and Africa
6. COMPETITIVE LANDSCAPE
- 6.1 Mergers and Acquisitions, Joint Ventures, Collaborations, and Agreements
- 6.2 Market Share (%)**/Ranking Analysis
- 6.3 Strategies Adopted by Leading Players
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6.4 Company Profiles
- 6.4.1 Argent International
- 6.4.2 Bostik (Arkema Group)
- 6.4.3 Dow
- 6.4.4 H.B. Fuller Company
- 6.4.5 Henkel AG & Co. KGaA
- 6.4.6 International Coatings
- 6.4.7 Kissel + Wolf GmbH
- 6.4.8 Lord Corporation
- 6.4.9 NYATEX
- 6.4.10 PARKER HANNIFIN CORP
- 6.4.11 Sika AG
- 6.4.12 Stahl Holdings B.V
- *List Not Exhaustive
7. MARKET OPPORTUNITIES AND FUTURE TRENDS
- 7.1 The Increasing Demand for Green Sustainable Flock Adhesives
- 7.2 Other Opportunities
Flock Adhesives Industry Segmentation
Flock adhesives are friction-resistant and durable and offer various properties, including easy washable, storable, and health & cold-resistant. The flock adhesives are generally applied to glass, textiles, paper, metal, plastics, and paper.
The flock adhesives market is segmented by resin type, application, and geography. Based on resin type, the market is segmented into acrylic, polyurethane, epoxy, and other resin types (alkyd, Cyanoacrylate, etc.). Based on application, the market is segmented into automotive, textiles, paper and packaging, and other applications (printing, footwear, etc.).
The report also covers the market size and forecasts for extrusion coatings in 15 countries across major regions. Each segment's market sizing and forecasts are based on value (USD).
| Resin Type | Acrylic | |
| Polyurethane | ||
| Epoxy resin | ||
| Other Resin Types (Alkyd, Cyanoacrylate, etc.) | ||
| Application | Automotive | |
| Textiles | ||
| Paper and Packaging | ||
| Other Applications (Printing, Footwear, etc.) | ||
| Geography | Asia-Pacific | China |
| India | ||
| Japan | ||
| South Korea | ||
| Rest of Asia-Pacific | ||
| Geography | North America | United States |
| Canada | ||
| Mexico | ||
| Geography | Europe | Germany |
| United Kingdom | ||
| Italy | ||
| France | ||
| Rest of Europe | ||
| Geography | South America | Brazil |
| Argentina | ||
| Rest of South America | ||
| Geography | Middle East and Africa | Saudi Arabia |
| South Africa | ||
| Rest of Middle East and Africa |
Flock AdhesivesMarket Research FAQs
How big is the Flock Adhesives Market?
The Flock Adhesives Market size is expected to reach USD 2.79 billion in 2024 and grow at a CAGR of greater than 5.5% to reach USD 3.67 billion by 2029.
What is the current Flock Adhesives Market size?
In 2024, the Flock Adhesives Market size is expected to reach USD 2.79 billion.
Who are the key players in Flock Adhesives Market?
Dow, H.B. Fuller Company, Henkel AG & Co. KGaA, Kissel + Wolf GmbH and Sika AG are the major companies operating in the Flock Adhesives Market.
Which is the fastest growing region in Flock Adhesives Market?
Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029).
Which region has the biggest share in Flock Adhesives Market?
In 2024, the Asia Pacific accounts for the largest market share in Flock Adhesives Market.
What years does this Flock Adhesives Market cover, and what was the market size in 2023?
In 2023, the Flock Adhesives Market size was estimated at USD 2.64 billion. The report covers the Flock Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Flock Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029.
Flock AdhesivesIndustry Report
Statistics for the 2024 Flock Adhesives market share, size and revenue growth rate, created by Mordor Intelligence™ Industry Reports. Flock Adhesives analysis includes a market forecast outlook to for 2024 to 2029 and historical overview. Get a sample of this industry analysis as a free report PDF download.
