Global Flock Adhesives Market is accounted to register a substantial CAGR of 6.97% in the forecast by 2026
Analysis of Global Flock Adhesives Market report:
Global flock adhesives market is expected to register a substantial CAGR of 6.97% in the forecast period of 2019-2026. The report contains data from the base year of 2018 and the historic year of 2017. This rise in market value can be attributed to the growing levels of innovations and advancements in the market.
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Definition:
Flock adhesives are chemically formulated products that are utilized in the process of flocking in which a number of small particles are deposited on a textile surface. This process is done to improve the overall characteristics of the substrate/product which essentially translates to better aesthetic appeal, texture and appearance. It helps in the creation of a smooth finish to the substrate so that no flaws are visible as it results in better sticking capabilities.
Market Drivers:
· Rise in the demand for the product from the various end-use industry verticals; this factor is expected to drive the growth of the market
· Presence of certain regulations and compliances regarding the emissions of the fuel efficiency in vehicles resulting in growth of demand from the automotive industrial vertical; this factor is expected to drive the growth of the market
· Increased demand for the product from the Asia-Pacific region as it is one of the major developing regions; this factor is expected to drive the growth of the market
Market Restraint:
· Dependency on the raw materials which have vulnerable prices resulting in fluctuations of the cost of the end-product; this factor is expected to restrain the growth of the market
Leading Key players profiled in this report are:
Few of the major competitors currently working in the global flock adhesives market are Henkel AG & Co. KGaA; H.B. Fuller Company; Sika AG; Dow; Stahl Holdings BV; Flock It!; Franklin International; NYATEX; Anhui Jiangnan Chemical Co., Ltd.; Ralken Colours; Argent International, Inc.; International Coatings; LORD Corporation; BASF SE; Asahi Kasei Corporation; Solvay; AMETEK.Inc.; ARC Resin Corporation; AG Polymers LLC; Koninklijke DSM N.V.; Aquafil S.p.A.; Union Ink; FLOC-King - The Flocking Shop UK; Uras Chemical; Feteks Kimya San. Tic. Ltd. Şti.; Anhui Sinograce Chemical Co., Ltd.; Jesons; Huate Bonding Material Co.,Ltd. and Weifang Ruiguang Chemical Co. Ltd.
Global Flock Adhesives Market Segmentation:
By Resin Type
· Acrylics
· Polyurethane
· Epoxy
· Others
By Application
· Automotive
· Textiles
· Paper & Packaging
· Printing
· Others
By System
· Water-Based
· Solvent-Based
By Type
· One Component
· Two Component
By Geography
· North America
· South America
· Europe
· Asia-Pacific
Company Share Analysis:
Global flock adhesives market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of flock adhesives market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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The Global Flock Adhesives Market report provides the global market size of the main players in each region. Moreover, the report provides knowledge of the leading markets players within the Global Flock Adhesives Market. The industry changing factors for the market segments are explored in this report. This analysis report covers the growth factors of the worldwide market based on end-users. Market opportunities and recommendations for new investments are also encompassed in this report.
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