Fabric Adhesive Market Forecast and CAGR
The demand for the market has experienced a historical moderate CAGR from 2016 to 2020 and is expected to generate a strong business valuation by 2031. It is in high demand for gluing a variety of woven and non-woven fabrics for disposable hygiene products. The rise in demand in hygiene products has been aided by the COVID-19 crisis.
Demand for these adhesives will witness steady recovery in short term as expenditure on the healthcare sector is increasing after the pandemic, with an optimistic growth outlook in the long run.
What is driving demand of Fabric Adhesive?
The market is expected to grow significantly due to rising consumers spending on personal care products and demand for improved efficiency, comfort and efficient hygiene products. Continuous development in the various industries may prove to be a significant growth driver for the market. The use of material such as acrylic polymer emulsions and others will be a key source of market development.
Fabric Adhesive is used as a substitute for sewing. These adhesive can be used to make temporary or permanent bonds between different materials. They are widely useful and are used in a wide range of applications. The growing demand for gluing services for various woven and non-woven fabrics for disposable hygiene products is a major concern which creates significant growth opportunities.
It is being used in various industries like textiles, automobiles, and various other end-use industries. Owing to aforementioned factors, it will lead to significant growth in sales during the forecast period of 2021-2031.
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Which key factors will drive sales of Fabric Adhesive?
In the automotive industry, fabric adhesive is expected to perform well. The accessibility of this form of adhesives easily, as well as increasing customer awareness and safety issues, are all contributing to increased demand from the automotive sector. The shift in the automotive industry towards environmentally-friendly vehicles is expected to change the industry and as a result, support the market growth significantly.
The extensive investment made in the market by various companies and conglomerates will prove to be a critical factor in the sales development. The growing demand for fabric adhesive in the automotive sector would continue to boost the market’s growth prospects.
US Fabric Adhesive Market Outlook
In terms of regional growth, the market in the United States is expected to rank second. In addition, leading electric vehicle manufacturers are putting a lot of effort into reducing the weight of their vehicles to improve performance. The manufacturers have an opportunity to create a flexible fabric adhesive type that can be applied uniformly to the fabric material, minimizing seat weight.
U.S. long term return believes in the projection that to be driven by the investments in advanced formulations and a low environmental footprints. Owing to the above-mentioned factors, the US is supposed to maintain its market dominance in the coming forecast years.
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Asia Pacific region outlook for the Fabric adhesive market.
In terms of demand, the Asia Pacific region dominates the global market, and it has enormous potential for significant growth in the coming years. Growing investment in South Asia, as well as the emergence of new investment in the ASEAN market for new facilities, are expected to complement overall growth.
Changing trade agreement are expected to benefits these investments and, as a result, the sector will expand. Growing urbanization and industrialization in highly populated countries such as India and China could be a key growth driver.
Who are the key suppliers/manufacturers of Fabric adhesive?
The market is characterized by a mix of small and large players which includes
- Beacon Adhesives Inc.
- Permatex Inc.
- Gutermann GmbH
- H.B. Fuller Company
- Cattie Adhesive Solutions
- Pidilite Industries Ltd.
- Nan Pao Resins Chemical Co. Ltd.
- Henkel AG & Co. KGaA
- Prestige Coating Ltd.
- Chandras Chemical Enterprises Pvt. Ltd.
- Dongguan Dayang Aerosol Chemical Technology Co. Ltd.
- Adhesive Products Inc.
- Arkema SA
- Frameware LLC
The manufacturers are concentrating on developing non-toxic and environmentally friendly adhesives. Customers’ increasing preference for chemical-free and environmentally sustainable goods has prompted them to take this decision.Also, the market is competitive, players engage in strategic initiatives such as looking for mergers to enhance the growth, as well as focuses on the product development and also put a light on the acquisitions to increase their competitive share.
An Adaptive Approach to Modern-day Research Needs
Fabric Adhesive Market Report Highlights:
- Detailed overview of 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
NOTE - All statements of fact, opinion, or analysis expressed in reports are those of the respective analysts. They do not necessarily reflect formal positions or views of Fact.MR
By Function type
By Packaging Type
- Sticks and Pen
By Distribution Channel
- Direct Procurement
- Online Retail
- Stationery Stores
- Specialty Stores
- North America
- US & Canada
- Latin America
- Brazil, Mexico, Argentina & Rest of Latin America
- Germany, France, Italy, Spain, U.K., Benelux, Russia, and Rest of Europe
- East Asia
- China, Japan, South Korea
- South Asia
- India, Thailand, Malaysia, Indonesia and Rest of South Asia
- Australia and New Zealand
- Middle East and Africa
- GCC Countries, Turkey, South Africa, and Rest of Middle East & Africa
The 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 report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The report also maps the qualitative impact of various market factors on market segments and geographies.
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