Allied Market Research published a research report on the flock adhesives market. The findings of the report states that the ****** market for Flock Adhesives generated $1.9 billion in 2019, and is expected to reach $2.9 billion by 2027, manifesting a CAGR of 5.7% from 2020 to 2027. The report provides valuable data on changing market dynamics, key segments, top investment pockets, and competitive scenario for market players, new entrants, investors, and shareholders.
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“The ****** flock adhesives market is expected to possess high growth potential in the coming years, owing to rise in use of flock adhesives in main stream applications in industries such as automotive, textile, paper, and construction. In addition, apart from these, there are several other sectors that use flock adhesives such as packaging, cosmetics, industrial technology, home & household, and furniture, which propels growth of the market. However, COVID-19 outbreak is predicted to positively impact on the growth of the ****** flock adhesives market.” Stated Eswara Prasad Manager, Chemical and Material at Allied Market Research.
The report provides detailed information based on the key determinants of the market to help market players in devising growth strategies and capitalizing on opportunities. Rise in use of flock adhesives in main stream applications and increase in utilization of flock adhesives in sectors such as packaging, cosmetics, and furniture fuel the growth of the ****** flock adhesives market. However, health hazards related to inhalation of flock adhesives restrain the growth to some extent. Moreover, mounting demand for flock adhesives in the packaging sector is projected to usher a plethora of opportunities in the industry.
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The report provides a detailed scenario of impact of the Covid-19 pandemic on the flock adhesives market globally. Rise in use of flock adhesives for manufacturing covid-19 testing kits impacted the ****** flock adhesives market positively. Swab collection kits that are flocked with adhesives provide superior specimen collection rate and declines the risk of false negative diagnosis result. This factor has augmented the market growth.
The report offers detailed segmentation of the ****** flock adhesives market on the basis of resin type, application, and region. These insights are helpful for the new entrants as well as current market players to invest on the fastest growing and highest revenue generating segment to accomplish growth in the coming years.
Based on resin type, the market is segmented on the basis of acrylic, polyurethane, epoxy resin, and others. The acrylic segment dominated the market with more than one-third of the ****** flock adhesives market share in 2019, and is projected to lead the trail by the end of 2027. On the other hand, the polyurethane segment is expected to manifest the fastest CAGR of 6.40% throughout the forecast period.
Based on application, the market is segregated on the basis of automotive, textiles, paper & packaging, and others. The textile segment accounted for more than two-fifths of the ****** flock adhesives market revenue in 2019, and is expected to maintain its dominance by 2027. On the other hand, the automotive segment is anticipated to cite the fastest CAGR of 6.80% from 2020 to 2027.
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Based on geography, the market is studied across regions including Asia-Pacific, Europe, LAMEA, and North America. The Asia-Pacific region held the highest share in 2019, holding more than two-fifths of the ****** flock adhesives market. In addition, the same region would also manifest the fastest CAGR of 6.40% during the forecast period.
Leading market players of the ****** flock adhesives market analyzed in the report include Dow Chemical, CHT Germany GmbH, Kissel + Wolf, Lord Corporation, Sika Automotive, Swiss Flock, Stahl, Avient, Nyatex, and H.B. Fuller Company. These players have adopted various strategies such as product launch, acquisition, and expansion to expand their foothold in the Flock Adhesives industry.
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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides ****** enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to offer business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains.
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