Flock Binder Market: Overview
Flock binder is a chemical composition of “self-cross linking acrylic copolymer” polymers which are flocked and then bonded onto a destination material such as cardboard or cloth using high voltage. Extensive usage of flock binders is in textile industry owing to the ability of the acrylic content for binding small fibers collectively and creating a design or design pattern on the textile materials. Moreover, their utilization is in bed sheets, upholstery, footpads, T-Shirts and bundle of other products. Furthermore, flock binders have extensive durability unlike temporary binders used on clothing for making a pattern or design. Flock binders were present in the market since long time but their penetration in the market occurred nearly a decade ago. Industries involving in manual flock binding took time to integrate the technology in their firms to enhance the efficiency. Demand of the flock binders has substantially risen over the past half-decade owing to inclination towards flock binder owing to the aforementioned properties of the flock binder. Apart from the textile applications of the flock binder, its niche applications such as flock binders are used for providing classic effect on the book cover or enhancing the lively effect of the stationery book covers. This application is gaining prominence in North America and Europe owing to the consumer inclination classic effects on book covers. Global flock binder market is forecast to witness absolute growth at a higher digit CAGR between 2020 and 2030. Demand in the recent times has slowed down owing to the reduced in consumer spending in South Asia & Oceania, which captures more than 35% of the flock binders market. Demand contraction has negatively impacted the flock binders market.
Demand Spike from Textile End-Use Industry is set to Provide Thrust the Market
Of the two major end-use industries, textile & stationary end-use industries flock binder market. Textile industry captures more than three-fourths of the global flock binder market, which has immensely driven the market in the historical period is set to remain in the same pace over the forecast period
COVID-19 to Boost the Flock Binder Market
COVID-19 or Novel corona virus has not only shattered the movement of the people but also the production and trade of the major products in the market. With the complete contraction of demand and supply of textile products in current quarter i.e., 2rd quarter of CY2020, the effect has cascaded to the flock binder market. Other macro-economic factors post-COVID-19 such as consumer spending and recession are set to impact the flock binder market in long-run.
Segmentation analysis of Flock Binder Market:
The global flock binder market is bifurcated into four major segments: viscosity, chemical composition, solid content, end-use industry and region.
On the basis of viscosity, flock binder market has been segmented as follows:
- 100-200 Cps
- 200-500 Cps
- 500-800 Cps
- 800-1000 Cps
On the basis of chemical composition, Flock Binder market has been segmented as follows:
- Pure Acrylic
- Acrylic Ester
- Styrene Acrylate
- Styrene Acrylic Terpolymer
- Styrene Acrylate
On the basis of solid content, Flock Binder market has been segmented as follows:
- 45% -50%
On the basis of End-use industry, Flock Binder market has been segmented as follows:
On the basis of geographic regions, Flock Binder market is segmented as
- North America
- Latin America
- East Asia
- South Asia
- Middle East & Africa
Flock Binder Market: Regional Outlook
From regional perspective, South Asia & Oceania holds for largest market share in global flock binder market. Extensive application of flock binders have been observed in the past half-decade in this region. Furthermore, increase in demand of textile products in the period of 2015-2019 has drastically provided a thrust to the flock binder market. Expansion of demand of flock binders over the assessed historical period could be observed. Of the countries in the region such as India, Bangladesh, Thailand, Malaysia and others, India has dominated the regional share as well as the global flock binder market share. Presence of cluster of flock binder manufacturers positioned in this region also portrays an image of simpler supply chain with higher transaction values. These factors provided an opportunity for the regional players to expand to a certain extent. East Asia followed by South Asia and Oceania is set to grow at a nominal pace over the forecast period. North America and Europe have not gained much prominence in the past half-decade over the market developments. These regions are set to move at a steady pace and will ultimately decline over the end of forecast period. With the turnaround of European and North American brands such as H&M, Levi’s and many other top brands towards North African countries, demand of flock binders in MEA countries are set to expand.
Flock Binder Market: Key Players
Global flock binder market is slightly fragmented in nature with presence of numerous international players. Key players in market are focused towards organic growth. These players aim to provide a scattering range of flock binder suited for different commercial and industrial purposes. Key players in global flock binder market are Kemiteks, Sidh Organics Private Limited, Darshan Tex-Chem, Indofil Industries Limited, Primus Chemical Co., Ltd, ALV Kimya, ADPL Polychem, and many other companies.
The research report presents a comprehensive assessment of the flock binder market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies.
The Flock Binder Market Report Covers Exhaustive Analysis On:
- Market Segments
- Market Dynamics
- Market Size & Demand
- Current Trends/Issues/Challenges
- Competition & Companies involved
- Value Chain
The Flock Binder Market Regional Analysis Includes:
- North America (U.S., Canada)
- Latin America (Mexico, Brazil, Argentina, Chile, Peru)
- Europe (Germany, Italy, France, U.K, Spain, BENELUX, Nordic, Russia, Poland & Others)
- East Asia (China, Japan, South Korea)
- South Asia (India, Malaysia, Indonesia, Thailand and Australia & New Zealand)
- Middle East & Africa (GCC Countries, South Africa, Turkey)
The Flock Binder report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts, and industry participants across the value chain. The Flock Binder report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments. The Flock Binder report also maps the qualitative impact of various market factors on market segments and geographies.
The Flock Binder Market Report Highlights:
- A Detailed overview of the parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint.
Fact.MR offers custom research services that help clients to get specific research solutions
We are committed towards customer satisfaction and quality service.