Flock Adhesives Market to Garner $2.9 Billion, Globally, By 2027 at 5.70% CAGR, Says Allied Market Research - Seite 2
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The textile segment to retain its dominance by 2027-
Based on application, the textile segment contributed to more than two-fifths of the global flock adhesives market revenue in 2019, and is anticipated to rule the roost by 2027, due to rising adoption of flock adhesives in natural and synthetic fabric. Simultaneously, the automotive segment would exhibit the fastest CAGR of 6.80% from 2020 to 2027, owing to rise in use of flock adhesives for manufacturing of glove boxes, sun visors, headrests, and others.
Asia-Pacific, followed by Europe and North America, garnered the major share in 2019-
Based on geography, Asia-Pacific, followed by Europe and North America, held the highest share in 2019, generating more than two-fifths of the global flock adhesives market. The same region would also manifest the fastest CAGR of 6.40% during the forecast period. This is due to rise in number of automotive and textile manufacturers in China and India.
Frontrunners in the industry-
- Kissel + Wolf
- Sika Automotive
- Lord Corporation
- Swiss Flock
- Dow Chemical
- CHT Germany GmbH
- H.B. Fuller Company
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