Fabric Glue Market Insights
The fabric glue market has seen a historical CAGR of over 4% during the period (2015 - 2019), and is further projected to create a valuation of around US$ 150 billion by 2030. The fabric glue market is poised to expand at a CAGR of over 5% during the forecast period (2020 – 2030). Demand for fabric glue for gluing various woven and non-woven fabrics for disposable hygiene products is increasing significantly.
The COVID-19 crisis has been supplemental to the growth in this demand for fabric glue in hygiene products. Increasing consumer spending on personal care products and demand for improvised performance, comfort, and efficient hygiene products are expected to fuel the expansion of the fabric glue market size, considerably.
Fabric Glue Market Drivers
Fabric glue is anticipated to perform well in the automotive industry. The affordability of this type of material and rising consumer awareness and safety concerns are some of the factors that are augmenting growth in demand from the automotive sector. Change of the automotive sector towards environment-friendly cars is expected to transform the industry, and, in turn, highly benefit the fabric glue market space.
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Regional Outlook of Fabric Glue Market
The Asia Pacific region dominates the global fabric glue market share in terms of demand, and holds huge potential for substantial growth in terms of demand over the coming years. Increasing investments in South Asia and advent of investments in the ASEAN market for new facilities are expected to be supplemental to the growth of the market. Changing trade agreements are expected to prove beneficial for these investments, and, in turn, boost the growth of the fabric glue market.
Competitive Analysis of Fabric Glue Market
The fabric glue market is fragmented in nature, with top players accounting for nearly 40 of global revenue. The market is moving towards consolidation with increase in dependency of end-use industries on the top brands in the market. Efforts of top players to expand their presence in foreign markets and increased collaborative efforts are expected to aid this movement. Increase in investments of top companies for offering differentiated and innovative offerings is expected to move the global fabric glue market towards consolidation in the long run.
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COVID-19 Impact on Fabric Glue Market
Due to COVID-19, there has been a positive impact on the growth of fabric glue demand in some industries. Based on its application and usage, there has been a rise in demand for fabric glue in the medical and hygiene sector.
The medical & hygiene segment is expected to expand at the highest CAGR in terms of value during the forecast period, owing to an increase in the demand for PPE, medical supplies, medical masks, ventilators, filtration devices, and personal hygiene & paper products.
The market has seen slump in other industries such as automotive and consumer goods, due to extended lockdowns and reduced workforce across multiple industries. The market is expected to show significant growth ahead and portray a V-type recovery.
The Analysts’ Viewpoint
“Investments in innovative formulations and low environment footprint are expected to be primary milestones for long-term returns in the fabric glue market space.”
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Fabric Glue Market: Scope of the Report
The fabric glue market report by Fact.MR offers forecast representation from 2020 to 2030. The report elaborates on the key drivers, restraints, opportunities, and threats influencing the expansion of the fabric glue market. A detailed segmental analysis based on by function, end use, sales channel, and region has been provided in the report. The report also covers a chapter on the COVID-19 impact analysis, to arm stakeholders with the necessary information.
Regional analysis in terms of supply chain analysis, business execution, and market value analysis provides an in-depth perspective about the future scope of the fabric glue market. In addition, a section providing detailed analysis of key market players and their strategies has been added.
Fabric glue Market: Segmentation
Fact.MR’s study has done the segmentation of the fabric glue market on the basis of function, end use, and sales channel, across six regions.
- Home Furnishing
- Direct Sales
- Consumer Retail
- North America
- Latin America
- East Asia
- South Asia & Oceania
- Middle East & Africa
Fabric Glue Market – Scope Of The Report
The fabric glue market is anticipated to witness notable upsurge during the forecast period of 2020 to 2030, conferring to a new Fact.MR study. The study promotes crucial trends that are presently determining the growth of the fabric glue market. This newly published and perceptive report sheds light on vital dynamics that are likely to affect the future of the fabric glue market, in turn, generating worthwhile opportunities for key companies as well as evolving players who are interested in the manufacturing of fabric glue.
The fabric glue market study is a detailed market intellect on key revenue progression factors, challenges, industry trends, and opportunities, which will eventually influence the fabric glue market. The report primarily conveys a summary of the fabric glue market, considering present and upcoming fabric glue industry scenarios, to reveal striking sides relating to the acceptance of fabric glue across prominent regional markets.
A detailed assessment on few of the fabric glue material suppliers accessible in the report allows report readers to obtain detailed findings that have resulted from the fabric glue supply chain analysis, business execution, and value chain analysis across regional markets incorporated in the report. A list of prominent companies functioning within the fabric glue market provided in the report enhances the reliability of this ample research study.
Fabric Glue Market: Report Summary
Study offers a comprehensive overview on diverse features that are inducing demand, revenue generation and sales in Fabric glue market across the globe. A comprehensive estimate on the Fabric glue market has also been made accessible by the experts, who have considered the market estimates on the basis of a likely scenario, an optimistic scenario, and a conservative scenario regarding sales of Fabric glue during the forecast period. Analysis and estimation of price point comparison by region and by product with the global average price has been included in this study.
Fabric Glue Market: Analysis on Market Size Evaluation
Predictions of the fabric glue market, encompassing current as well as forthcoming projected value estimates and analysis on region-wise demand trends and price index have been assimilated in the report.
Market estimates at regional and global levels are available in terms of value “US$ Mn” and volume “Mn Unit”. A Y-o-Y growth contrast on prominent fabric glue market segments, along with market attractiveness valuation, computes the understandings brought in the report. Metrics mentioned above are also followed based on fabric glue applications where fabric glue witnesses steady demand.
Fabric Glue Market: Scrutinized Assessment on Regional Segments
Weighted sections have been elaborated in the report on the fabric glue market, which delivers projections on regional markets. These chapters brighten the regional macros (political economic and business environment outlook), which are expected to have a significant impact on the growth of the fabric glue market during the period of forecast.
Country-specific valuations on demand for fabric glue have been offered for each regional market, along with market scope estimates and forecasts, price index, price point assessment, and impact analysis of the dynamics of prominent regions and countries. For all regional markets, Y-o-Y growth estimates have also been incorporated in the report.
Fabric Glue Market: In-depth Analysis on Competitive Landscape
The report ends with a section on the competition scenario of the fabric glue market, along with the profiles of major companies contributing to market expansion. Essential and up-to-date data, as well as information correlated to market performers who principally engage in the production and supply of fabric glue, has been brought with the help of a detailed dashboard view. Market share analysis and comparison of prominent players provided in the report permits report readers to plan preemptive steps to advance their businesses.
Company profiles have been shared in the report, which exerts essentials such as product portfolio, along with an all-inclusive SWOT analysis on each player recognized, along with company policies identification and analysis. Company presence mapped and presented through a matrix for all the prominent players of the market functioning in the fabric glue market offers readers with actionable intellect, which helps in thoughtfully presenting the market status, and making decisive predictions on the competition levels in the fabric glue market. Major companies operating in fabric glue market are Aleene’s Premium Glue, Beacon Adhesives, Inc., and Odif USA.
Impact of COVID-19 on Fabric Glue Market
The report includes a scenario-based assessment on the impact of COVID-19 across key regions for all four quarters of 2020. The report discusses market forecasts under optimistic, probabilistic, and pessimistic scenario. Under these three scenarios, demand loss and recovery has been illustrated and described through L-shaped and U-shaped recovery curves. Alongside, the COVID-19 impact has been benchmarked with previous crises, including the sub-prime crisis, Eurozone crisis, and SARS pandemic.
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Is the market research conducted by Fact.MR?
Yes, the report has been compiled by expert analysts of Fact.MR, through a combination of primary and secondary research. To know more about how the research was conducted, you can speak to a research analyst.
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