Flock Adhesives Market Size (2024 - 2029)

The Flock Adhesives Market is projected to experience significant growth over the forecast period, driven by increasing demand in sectors such as automotive, textiles, paper, and packaging. The market's expansion is particularly notable in the Asia-Pacific region, which is expected to lead in terms of growth rate due to its rising need for lightweight and environmentally friendly products. Despite challenges such as raw material price volatility, the shift towards green and sustainable solutions presents new opportunities. The market's recovery post-COVID-19 restrictions further underscores its potential for growth.

Market Size of Flock Adhesives Industry

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Flock Adhesives Market Summary
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

Flock Adhesives Market Major Players

*Disclaimer: Major Players sorted in no particular order

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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 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
North America
United States
Canada
Mexico
Europe
Germany
United Kingdom
Italy
France
Rest of Europe
South America
Brazil
Argentina
Rest of South America
Middle East and Africa
Saudi Arabia
South Africa
Rest of Middle East and Africa
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Flock Adhesives Market Size Summary

The flock adhesives market is poised for significant growth, driven by increasing demand across various sectors such as automotive, textiles, paper, and packaging. The market experienced a downturn during the COVID-19 pandemic due to lockdowns and plant closures, but has since rebounded as restrictions were lifted. The Asia-Pacific region is expected to lead the market, fueled by rising demand for lightweight and low carbon-emitting vehicles, as well as the growing need for coated fabrics and finished products. However, the market faces challenges from raw material price volatility, while the demand for sustainable and green flock adhesives presents new opportunities.

The textile industry is anticipated to be a major contributor to the market's expansion, with flock adhesives being extensively used for flocking suede fabrics. China, a leading textile producer, along with the European Union and the United States, are key players in the textile export market, which is expected to drive the demand for flock adhesives. In India, increased foreign direct investment in the textile sector is boosting production and, consequently, the use of flock adhesives. The automotive sector in the Asia-Pacific region, particularly in China and India, is also experiencing growth, further propelling the demand for flock adhesives. The market is characterized by consolidation, with major players like Dow, H.B. Fuller Company, and Henkel AG & Co. KGaA actively expanding their portfolios through strategic acquisitions.

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Flock Adhesives Market Size - Table of Contents

  1. 1. MARKET DYNAMICS

    1. 1.1 Drivers

      1. 1.1.1 Increasing Demand of Coated Fabrics and Finished Products

      2. 1.1.2 Rising Demand for Light weight Low Carbon Emitting Vehciles

      3. 1.1.3 Increasing Demand for Flock Adhesives in the Asia-Pacific Region

    2. 1.2 Restraints

      1. 1.2.1 Volatility in Raw Material Prices

      2. 1.2.2 Other Restraints

    3. 1.3 Industry Value Chain Analysis

    4. 1.4 Porter's Five Forces Analysis

      1. 1.4.1 Bargaining Power of Suppliers

      2. 1.4.2 Bargaining Power of Buyers

      3. 1.4.3 Threat of New Entrants

      4. 1.4.4 Threat of Substitute Products and Services

      5. 1.4.5 Degree of Competition

  2. 2. MARKET SEGMENTATION (Market Size in Value)

    1. 2.1 Resin Type

      1. 2.1.1 Acrylic

      2. 2.1.2 Polyurethane

      3. 2.1.3 Epoxy resin

      4. 2.1.4 Other Resin Types (Alkyd, Cyanoacrylate, etc.)

    2. 2.2 Application

      1. 2.2.1 Automotive

      2. 2.2.2 Textiles

      3. 2.2.3 Paper and Packaging

      4. 2.2.4 Other Applications (Printing, Footwear, etc.)

    3. 2.3 Geography

      1. 2.3.1 Asia-Pacific

        1. 2.3.1.1 China

        2. 2.3.1.2 India

        3. 2.3.1.3 Japan

        4. 2.3.1.4 South Korea

        5. 2.3.1.5 Rest of Asia-Pacific

      2. 2.3.2 North America

        1. 2.3.2.1 United States

        2. 2.3.2.2 Canada

        3. 2.3.2.3 Mexico

      3. 2.3.3 Europe

        1. 2.3.3.1 Germany

        2. 2.3.3.2 United Kingdom

        3. 2.3.3.3 Italy

        4. 2.3.3.4 France

        5. 2.3.3.5 Rest of Europe

      4. 2.3.4 South America

        1. 2.3.4.1 Brazil

        2. 2.3.4.2 Argentina

        3. 2.3.4.3 Rest of South America

      5. 2.3.5 Middle East and Africa

        1. 2.3.5.1 Saudi Arabia

        2. 2.3.5.2 South Africa

        3. 2.3.5.3 Rest of Middle East and Africa

Flock Adhesives Market Size FAQs

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.

In 2024, the Flock Adhesives Market size is expected to reach USD 2.79 billion.

Flock Adhesives Market Size & Share Analysis - Growth Trends & Forecasts (2024 - 2029)