Asia-Pacific Flock Adhesives Market, By Product (Polyurethane, Acrylic, Epoxy, and Others), Source (Solvent-Borne and Water-Borne), Substrate (Textile, Plastic, Metal, Glass, Wood, and Others), Application (Automotive, Technical Textile & Clothing, Printing, Paper & Packaging, and Others), Country (Japan, China, India, South Korea, Australia, New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines and Rest of Asia-Pacific) Industry Trends and Forecast to 2029
Market Analysis and Insights: Asia-Pacific Flock Adhesives Market
Asia-Pacific flock adhesives market is expected to gain market growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyses that the market is growing at a CAGR of 6.4% in the forecast period of 2022 to 2029 and is expected to reach USD 1,778,452.34 thousand by 2029. The growing trend of lightweight and low carbon-emitting vehicles is projected to drive the market.
Flock adhesives are binding materials used to bond various substrates, such as rubber, plastic, and metal. Adhesive flocking occurs when fiber particles are electrostatically incorporated into the adhesive layer. Most flocking uses finely chopped natural or synthetic fibers. The flocked external gives the surface decorative, functional properties.
The rising adoption of flock adhesives in thermal insulation manufacturing and shifting consumer preference for the quality level of the automotive interior are some of the key determinants which may favor the growth of the Asia-Pacific flock adhesives market during the forecast period.
However, volatility in raw material prices and the reaction of different composition structures may act as major restraints on the growth rate of the Asia-Pacific flock adhesives market. In addition, stringent regulations associated with the commercialization approval process can challenge the market’s growth during the forecast period.
The upsurge in the utilization of flock adhesives in the printing and packaging sectors may create lucrative opportunities for the market.
This Asia-Pacific flock adhesives market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the market scenario, contact us for an Analyst Brief; our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Flock Adhesives Market Scope and Market Size
Asia-Pacific flock adhesives market is segmented into four notable segments based on source, substrate, product, and application. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of source, the Asia-Pacific flock adhesives market is segmented into solvent-borne and water-borne. In 2022, the water-borne segment is projected to dominate the Asia-Pacific region since water-borne has technological properties compared to other sources, which increases its demand in the market.
- On the basis of substrate, the Asia-Pacific flock adhesives market is segmented into textile, plastic, metal, glass, wood, and others. In 2022, the plastic segment is projected to dominate the Asia-Pacific region since plastic has excellent chemical features compared to other sources, increasing its demand in the market.
- On the basis of product, the Asia-Pacific flock adhesives market is segmented into polyurethane, acrylic, epoxy, and others. In 2022, the acrylic segment is projected to dominate the Asia-Pacific region since acrylic has high dimensional stability, increasing its market demand.
- On the basis of application, the Asia-Pacific flock adhesives market is segmented into automotive, technical textile & clothing, printing, paper & packaging, and others. In 2022, the automotive segment is projected to dominate the Asia-Pacific region since flock adhesives provide long life to automotive products, which increases its demand in the market.
Asia-Pacific Flock Adhesives Market Country Level Analysis
Asia-Pacific flock adhesives market is segmented into four notable segments based on source, substrate, product, and application.
The countries covered in the Asia-Pacific flock adhesives market are Japan, China, India, South Korea, Australia, New Zealand, Singapore, Malaysia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific. China is expected to lead the Asia-Pacific flock adhesives market due to the easy and advanced production with high-quality material.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Growing Trend of Lightweight and Low Carbon-Emitting Vehicles
Lightweight materials used in the manufacture of automobiles offer great opportunities for weight reduction and other benefits when used in structural steel and cast iron in automotive applications. Electric vehicles have the most significant impact on reducing greenhouse gas emissions in most countries, and light gasoline vehicles achieve significant reductions. A 10% reduction in vehicle weight can improve fuel consumption by 6% and 8%.
Advanced electric vehicle manufacturing materials are essential to fuel the automotive market while maintaining safety and performance. Lightweight materials offer great potential to increase vehicle efficiency, as lighter objects require less energy to accelerate than heavier ones. Replacing cast iron and traditional steel parts with lightweight materials such as high-strength steel and magnesium alloys can reduce vehicle body and chassis weight by up to 50%, thus reducing fuel consumption.
- In conclusion, light vehicles are primarily made of aluminum or specialty light steel and emit fewer pollutant gases than other vehicles. For this reason, the growing trend of lightweight and low carbon-emitting vehicles is expected to act as a driver for boosting the demand of the Asia-Pacific flock adhesives market.
The Asia-Pacific flock adhesives market also provides you with a detailed market analysis for every country’s growth in a particular market. Additionally, it provides detailed information regarding the market players’ strategy and their geographical presence. The data is available for the historical period 2012 to 2020.
Competitive Landscape and Asia-Pacific Flock Adhesives Market Share Analysis
The Asia-Pacific flock adhesives market competitive landscape provides details by the competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, Asia-Pacific presence, production sites and facilities, company strengths and weaknesses, product launch, clinical trials pipelines, brand analysis, product approvals, patents, product width and breadth, application dominance, technology lifeline curve. The above data points are only related to the company’s focus on the Asia-Pacific flock adhesives market.
Some of the major market players engaged in the Asia-Pacific flock adhesives market are Sika AG, CHT Group, Arkema, H.B. Fuller Company, Dow, PARKER HANNIFIN CORP, Henkel AG & Co. KGaA, Stahl Holdings B.V, Avient Corporation, Kissel + Wolf GmbH, and NANPAO RESINS CHEMICAL GROUP, among other domestic players. DBMR analysts understand competitive strengths and provide competitive analysis for each competitor separately.
The companies also initiate many contracts and agreements, which accelerates the Asia-Pacific flock adhesives market.
For instance,
- In August 2021, Arkema acquired Ashland’s Performance Adhesives business, a leading company in high-performance adhesives for industrial applications in the U.S. This has helped the company to expand its product portfolio in terms of adhesives and solutions
- In July 2021, H.B. Fuller Company partnered with Covestro, one of the world’s largest polymer suppliers, to deliver an adhesive with a reduced climate impact for the woodworking, composites, textiles, and automotive industries. This has enabled the company to produce eco-friendly adhesive products
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