Flock Adhesives Market

Global Flock Adhesives Market Size, Share & Trends Analysis Report By Resin Type (Acrylic, Polyurethane, Epoxy Resin, and Others), By Application (Textiles, Automotive, Paper & Packaging, and Others) By Regional Outlook and Forecast, 2023 - 2030

Report Id: KBV-21572 Publication Date: April-2024 Number of Pages: 266
2022
USD 2.1 Billion
2030
USD 3.2 Billion
CAGR
5.4%
Historical Data
2019 to 2021

Market Report Description

The Global Flock Adhesives Market size is expected to reach $3.2 billion by 2030, rising at a market growth of 5.4% CAGR during the forecast period. In the year 2022, the market attained a volume of 715.61 Kilo Tonnes, experiencing a growth of 4.5% (2019-2022).

Flock adhesives are used for labeling applications in packaging various products, including food and beverages, cosmetics, pharmaceuticals, and household goods. Consequently, the paper & packaging segment would generate approximately 20.4% share of the market by 2030. Also, Germany would utilize 21.35 kilo Tonnes of Acrylic resin by 2030. These adhesives enable the secure attachment of labels to package materials such as glass, plastic, metal, and paperboard. Flock adhesives offer excellent adhesion properties, ensuring labels remain affixed to packaging surfaces without peeling or lifting.

Flock Adhesives Market Size - Global Opportunities and Trends Analysis Report 2019-2030

E-commerce shipments require packaging solutions that provide adequate protection against handling, transit, and environmental factors. Flock adhesives secure packaging materials such as corrugated cardboard, paperboard, and plastics, ensuring that parcels remain intact during transit. These adhesives enhance packaging security by preventing tampering, pilferage, and damage, thereby safeguarding the integrity of shipped products. Therefore, the market is expanding significantly due to the rapid shift towards e-commerce platforms.

Additionally, Flock adhesives are key in assembling displays and touchscreens in consumer electronics devices like smartphones, tablets, laptops, and monitors. These adhesives bond display components, such as LCD panels, touch sensors, and protective glass, providing secure attachment and alignment. As consumer demand for high-resolution displays and touchscreen functionality increases, the demand for flock adhesives in display assembly applications expands. Thus, because of the rising electronics and consumer electronics, the market is anticipated to increase significantly.

However, Manufacturers of flock adhesive may experience unforeseeable cost variations due to the volatility of raw material costs. Sudden increases in raw material prices can significantly raise production costs, affecting profit margins and financial stability. Manufacturers may struggle to forecast expenses accurately and plan budgets, leading to uncertainty in pricing and investment decisions. Manufacturers of flock adhesive can suffer supply chain disruptions due to fluctuations in raw material costs. Thus, raw material sourcing and price volatility can slow down the growth of the market.

Driving and Restraining Factors
Flock Adhesives Market
  • Rapid Shift Towards E-Commerce Platforms
  • Rising Electronics and Consumer Electronics
  • Expansion Of Renewable Energy Applications
  • Raw Material Sourcing and Price Volatility
  • Significant Stringent Environmental Regulations
  • Rising Demand for Luxury Packaging
  • Expansion In Construction and Furniture Industries
  • Limited Compatibility with Substrates
  • Adverse Impact of Regulatory Compliance

By Resin Type Analysis

Based on resin type, the market is classified into acrylic, polyurethane, epoxy resin, and others. The polyurethane segment acquired a 29.4% revenue share in the market in 2022. Polyurethane-based flock adhesives offer flexibility and elasticity, allowing bonded assemblies to withstand mechanical stress, vibration, and movement without cracking or delamination. This flexibility is advantageous in applications where substrates experience dimensional changes or dynamic loads. Polyurethane-based flock adhesives typically offer fast curing times and rapid processing speeds, allowing for efficient production and assembly processes.

Flock Adhesives Market Share and Industry Analysis Report 2022

By Application Analysis

By application, the market is categorized into automotive, textiles, paper & packaging, and others. In 2022, the textile segment registered 42.21% revenue share in the market. In terms of volume, Textile segment utilized 308.56 kilo Tonnes of resin in 2022. Flock adhesives play a pivotal role in the textile sector by bonding flock fibers to various surfaces, enhancing fabric texture, and providing durability. These adhesives are applied in intricate patterns or designs, allowing for versatility in textile applications such as automotive upholstery, apparel embellishments, and home furnishings. These factors would drive the demand of flock adhesives in textile sector.

Free Valuable Insights: Global Flock Adhesives Market size to reach USD 3.2 Billion by 2030

By Regional Analysis

Region-wise, the market is analysed across North America, Europe, Asia Pacific, and LAMEA. In 2022, the North America region acquired a 22.2% revenue share by generating the highest revenue share. North America is home to a significant automotive manufacturing sector, with the United States, Mexico, and Canada as major producers of vehicles and automotive components. The packaging industry in North America is experiencing growth driven by e-commerce, food and beverage consumption, and consumer goods packaging.

Flock Adhesives Market Report Coverage
Report Attribute Details
Market size value in 2022 USD 2.1 Billion
Market size forecast in 2030 USD 3.2 Billion
Base Year 2022
Historical Period 2019 to 2021
Forecast Period 2023 to 2030
Revenue Growth Rate CAGR of 5.4% from 2023 to 2030
Number of Pages 266
Number of Table 550
Quantitative Data Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030
Report coverage Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives
Segments covered Resin Type, Application, Region
Country scope
  • North America (US, Canada, Mexico, and Rest of North America)
  • Europe (Germany, UK, France, Russia, Spain, Italy, and Rest of Europe)
  • Asia Pacific (China, India, Japan, South Korea, Singapore, Malaysia, and Rest of Asia Pacific)
  • LAMEA (Brazil, Argentina, UAE, Saudi Arabia, South Africa, Nigeria, and Rest of LAMEA)
Companies Included Sika AG (Sika Automotive AG), H.B. Fuller Company, The Dow Chemical Company, Avient Corporation, Parker Hannifin Corporation, Stahl Holdings B.V., Nyatex Adhesive and Chemical Company, CHT Germany GmbH (RB Beitlich Industrie Beteiligungen GmbH), Kissel + Wolf GmbH, SwissFlock AG (Dimontonate Floccati S.p.A.)
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List of Key Companies Profiled

  • Sika AG (Sika Automotive AG)
  • H.B. Fuller Company
  • The Dow Chemical Company
  • Avient Corporation
  • Parker Hannifin Corporation
  • Stahl Holdings B.V.
  • Nyatex Adhesive and Chemical Company
  • CHT Germany GmbH (RB Beitlich Industrie Beteiligungen GmbH)
  • Kissel + Wolf GmbH
  • SwissFlock AG (Dimontonate Floccati S.p.A.)

Flock Adhesives Market Report Segmentation

By Resin Type (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Acrylic
  • Polyurethane
  • Epoxy Resin
  • Others

By Application (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • Textiles
  • Automotive
  • Paper & Packaging
  • Others

By Geography (Volume, Kilo Tonnes, USD Billion, 2019-2030)

  • North America
    • US
    • Canada
    • Mexico
    • Rest of North America
  • Europe
    • Germany
    • UK
    • France
    • Russia
    • Spain
    • Italy
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • India
    • South Korea
    • Singapore
    • Malaysia
    • Rest of Asia Pacific
  • LAMEA
    • Brazil
    • Argentina
    • UAE
    • Saudi Arabia
    • South Africa
    • Nigeria
    • Rest of LAMEA

Frequently Asked Questions About This Report

The Market size is projected to reach USD $3.2 billion by 2030.

Rapid Shift Towards E-Commerce Platforms are driving the Market in coming years, however, Significant Stringent Environmental Regulations restraints the growth of the Market.

Sika AG (Sika Automotive AG), H.B. Fuller Company, The Dow Chemical Company, Avient Corporation, Parker Hannifin Corporation, Stahl Holdings B.V., Nyatex Adhesive and Chemical Company, CHT Germany GmbH (RB Beitlich Industrie Beteiligungen GmbH), Kissel + Wolf GmbH, SwissFlock AG (Dimontonate Floccati S.p.A.)

In the year 2022, the market attained a volume of 715.61 Kilo Tonnes, experiencing a growth of 4.5% (2019-2022).

The Acrylic segment is leading the Market, by Resin Type in 2022, thereby achieving a market value of $1.2 Billion by 2030.

The Asia Pacific region dominated the Market, by region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.5 Billion by 2030.

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