Increasing demand for flock adhesive products form the paper & packaging and automotive industries is a key factor anticipated to drive growth of the global market over the forecast period.
The global flock adhesive market report has been segmented on the basis of basis of resin type, technology, application, and region.
On the basis of resin type, the global market has been segmented into acrylics resin, polyurethane resin, epoxy resin, and others (silicone and alkyd). The acrylics resin segment is expected to account for major share in terms of revenue in the global flock adhesive market. Acrylic-based adhesives offer a durable and water-resistant film while bonded to substrates such as metals, fabrics, plastics, carpet, concrete, ceramics, and wood composites. The acrylics resin segment revenue is also anticipated to register highest CAGR over the forecast.
On the basis of application, the global flock adhesive market has been segmented into automotive, textiles, paper & packaging, and paints and coatings. The automotive coating segment is expected to account for major revenue share in the global market in terms of revenue, owing to increasing application especially in vehicle interiors. The automotive segment revenue is also projected to register highest CAGR over the forecast.
Request For The Sample Report Here: https://marketresearch.biz/report/flock-adhesive-market/request-sample/
On the basis of region, the global market is segmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
Asia Pacific market is estimated to dominate with significant revenue share in the potential market in 2017. The Asia Pacific market is also projected to register highest CAGR in terms of revenue in the next 10 years, owing to increasing demand from paper & packaging, automotive, and paint & coating industries in the countries in this region.
Key players operating in the global flock adhesive market include Henkel AG & Co. KGaA, H.B. Fuller Company, Sika AG, The Dow Chemical Company, Kissel & Wolf GmbH, LORD Corporation, Nyatex Chemical Company, Stahl Holdings B.V., International Paint LLC, and Union Ink Company, Inc.