Flock Adhesives Market

Flock Adhesives Market Size & Growth (2023-2028):

The Flock Adhesives Market size was valued at USD 2.99 billion in 2021 and is expected to grow at a compound annual growth rate (CAGR) of 5.7% from 2023-2028

The flocks are prepared from synthetic fibers in the textile printing process. These flakes are cut into predetermined sizes, and then as needed, the base fabric is chosen for further processing. The base fabric is coated with a flocked adhesive resin such as epoxy resin, plastisol, etc. Different flocking methods are used such as compressed air, electrostatic method, etc. as needed in the flocking process. Since the substrate is flocked, it is necessary to determine the appropriate flocking adhesive so that the effects are not accurately reflected. Different flock adhesives are used such as acrylics, epoxy resins, etc. in industries such as textiles, paper, and packaging. These flock adhesives are also applied to the interior of the car to provide a non-abrasive finish to the gaskets, for mounting the modulator window, etc.

The market for flock adhesives will increase due to driving factors such as the increase in the application of flock adhesives in car interiors. Mainly, the strong demand of the textile industries for various applications, such as clothing and furniture flocking, will be sufficient for the growth of the flocking adhesives market. The volatility of the prices of flock adhesives may slow the growth of the market. Textiles are expected to lead the growth of the market. Flocked adhesives are used in the textile industry in particular for the flocking of suede fabrics. Jackets, shoes, furs, footwear, shirts, handbags, and furniture are the most common areas where flock adhesives are used. Rowing in the textile industry at a good pace in Asia-Pacific countries like India, and China is expected to boost demand for flock adhesives in the textile industry. For example, in India, with an increase in foreign direct investment (FDI) in the textile industry, since the last decade, the production of textiles is increasing, resulting in increased use of flock adhesives. The domestic textile and clothing industry contributed nearly 2.3% to India's GDP and accounted for 13% of industrial production and 12% of the country's export earnings. The aforementioned factors are expected to affect the textile industry during the forecast period. Textiles are expected to lead the growth of the market. Flocked adhesives are used in the textile industry in particular for the flocking of suede fabrics.

Flock Adhesives Market Drivers:

The growing demand from the textile and automotive sectors is the main driver of market growth. There is increasing adoption of the product in the manufacture of thermal insulation, clothing, furniture, car interior and other mechanical tools, which will likely open up new revenue streams for the growth of the industry. . The global market is mainly driven by the increasing use of flock adhesives in the automotive industry. They are widely used to glue, assemble and laminate interior and exterior components of vehicles for better finish and aesthetic appeal to the automobile. These adhesives find wide applications in the textile industry, which is also the engine of market growth. They are increasingly used to improve the softness of the fabric while improving its durability.

The market is further driven by the increasing adoption of polyurethane adhesives around the world. These variants are widely characterized by a stronger bond, exceptional abrasion resistance and high elongation properties, thus gaining a widespread place among end users. Some of the other factors contributing to the growth of the market include the widespread use of these adhesives in furniture manufacturing, the growing need for bonding different substrates in many industries, and their increasing applications in luxury jewelry packaging. Looking ahead, IMARC Group expects the global flocking adhesives market to show moderate growth over the next five years.

Flock Adhesives Market Restraints:

High maintenance costs, scarcity of trained personnel, and lack of awareness in many developing countries are some of the driving factors for the Adhesives market during the estimated period (2020-2026).

Opportunities in the Flock Adhesives Market:

The growing market for flock adhesives in the global market offers plenty of growth opportunities during the forecast period (2020-2026), owing to many properties provided by flock adhesives such as effect washability and flame retardancy, which should generate growth opportunities for the flock adhesives market.  The properties that flock adhesives offer, such as flame retardancy and washability for this purpose, will create a lasting opportunity for the market.

Challenges in the Flock Adhesives Market:

Adhesives flocked in the textile industry can expose workers to tiny particles of nylon and inhaling these particles can lead to interstitial lung disease. Inhaling other flock particles such as acrylic adhesives, potato starch ammonium ether, heat transfer oil, tannic acid and zeolite can lead to health problems. . These factors are anticipated to challenge the growth of the market.

FLOCK ADHESIVES MARKET REPORT COVERAGE:

Market Segmentation:

Flock Adhesives Market - By Resin Type:

• Acrylic
• Polyurethane
• Epoxy Resin
• Others

In 2020, the Epoxy Resin Flock Adhesives segment was the top revenue-generating segment and is expected to grow at a CAGR of 5.30% during the forecast period. However, the polyurethane flocking adhesives segment is anticipated to increase with the highest CAGR during the forecast period.

Flock Adhesives Market - By Application:

• Automotive

• Textiles

• Paper & Packaging

• Others

In 2020, the textile segment was the largest revenue-generating segment and is expected to grow at a CAGR of 5.50% during the forecast period.

Flock Adhesives Market - By Region:

• North America 

• Europe 

• Asia Pacific

• Latin America 

• Middle East & Africa 

Asia-Pacific dominated the market and accounted for over 42% in 2020. Growing demand from the large textile industry, especially in China and India, as well as continued demand from packaging and automotive manufacturers present in the region, are expected to stimulate regional growth in the years to come.

It is estimated that North America will grow at a compound annual rate of 5.1%, in terms of revenues from 2022 - 2027. The implementation of the United States-Mexico-Canada Agreement (USMCA) is expected to promote domestic textile manufacturing in Mexico and Canada for longer the next few years. This, in turn, is likely to significantly boost the market growth in North America.

Europe was the second-largest market in 2020. According to the European Commission; The European textile and clothing sector plays an important role in the European manufacturing industry and is among the world leaders. The European textile and clothing industry generated a turnover of around 181 billion US dollars in 2020. This represents a great opportunity for the adhesive flock industry.

The demand is expected to increase due to the various growing industries. The United States textile industry is the world's fourth-largest exporter of textile products.

Impact of COVID-19 on the Flock Adhesives Market:

The global flocking adhesives market has witnessed a positive effect in the COVID-19 pandemic. This has been attributed to the increased use of flock adhesives in corona test kits and test swabs. Flocking adhesives used to make swab kits improve the ability to collect cells from respective sites and then quickly release the collected cells. Flock adhesives are gaining importance in crown test kits due to their increased diagnostic sensitivity. These kits typically contain thousands of contact points that allow efficient sample collection and delivery. In addition, increasing the number of target cells improves the sensitivity of diagnostic kits. Other advantages of adhesive flock diagnostic kits, such as fast elution, convenient handling and shipping, and proprietary multi-length flock fibers, have added to the growth of the global flock adhesives market despite the COVID-19 epidemic.

Recent Developments:

• In May 2019, Dow and Safic-Alcan announced that they had extended their agreement to distribute Dow's portfolio of flocked adhesive products. The expanded agreement will focus on product distribution in the Middle East and Africa as well as the European region. This agreement will help expand Dow's flake adhesive capabilities globally.

• In July 2017, Franklin International announced that it was expanding its headquarters to build an on-site R&D facility for an investment amount of $ 4.4 million. The expansion will include the construction of climatic chambers, the purchase of equipment for research and expansion of its workforce for the development of polymers, the development of innovative adhesives and manufacturing methods for processes. efficient and effective production.

• In May 2017, Dow introduces a new barrier adhesive for flexible packaging.

Flock Adhesives Market Key Players:

1. DOW Chemical

2. H.B. Fuller

3. International Coatings

4. Kissel + Wolf (Kiwo)

5. Lord Corporation

6. Nyatex

7. Sika.

8. Stahl Holdings

9. Union Ink

10. Uras Tekstil