How big is the Flock Adhesives Market?

The Flock Adhesives Market size is expected to reach USD 2.79 billion in 2024 and grow at a CAGR of greater than 5.5% to reach USD 3.67 billion by 2029. Read More

What is the current Flock Adhesives Market size?

In 2024, the Flock Adhesives Market size is expected to reach USD 2.79 billion. Read More

Who are the key players in Flock Adhesives Market?

Dow, H.B. Fuller Company, Henkel AG & Co. KGaA, Kissel + Wolf GmbH and Sika AG are the major companies operating in the Flock Adhesives Market. Read More

Which is the fastest growing region in Flock Adhesives Market?

Asia Pacific is estimated to grow at the highest CAGR over the forecast period (2024-2029). Read More

Which region has the biggest share in Flock Adhesives Market?

In 2024, the Asia Pacific accounts for the largest market share in Flock Adhesives Market. Read More

What years does this Flock Adhesives Market cover, and what was the market size in 2023?

In 2023, the Flock Adhesives Market size was estimated at USD 2.64 billion. The report covers the Flock Adhesives Market historical market size for years: 2019, 2020, 2021, 2022 and 2023. The report also forecasts the Flock Adhesives Market size for years: 2024, 2025, 2026, 2027, 2028 and 2029. Read More

Flock Adhesives Market Trends

Market Trends of Flock Adhesives Industry

Textiles Application Segment to Dominate the Market

The textile is expected to lead the growth of the market. Flock adhesives are used in the textile industry, especially for the flocking of suede fabrics.
China is the leading producer of textiles in the world. In 2022, China was the top-ranked global textile exporter, with a value of approximately USD 148 billion.
Similarly, the European Union ranked in second place, with an export value of around USD 71 billion. The export value of textiles is further expected to increase in the coming years, thereby driving the current studied market.
According to the European Commission, the European Union's textiles ecosystem generates value and opens up opportunities for investment and innovation. Textiles and clothing (T&C) is one of Europe's largest and most diversified industrial sectors, with a workforce of 1.5 million and a turnover of around EUR 162 billion (USD 179 billion). Thus, the increasing market for textile products is expected to drive the market for flock adhesives in the region.
Additionally, in India, with an increase in foreign direct investment (FDI) in the textile industry from the past decade, the production of textiles is increasing, thus resulting in increased use of flock adhesives. According to the Indian Brand Equity Foundation, India's textile and apparel exports (including handicrafts) from April 2023 to October 2023 stood at USD 21.15 billion. The industry is expected to reach USD 190 billion by 2025-26.
Furthermore, according to the National Council of Textile Organization (NCTO), the United States is the world's third-largest exporter of textiles. The United States textile industry supplies the US military with over 8,000 textile products. Further, the textile and apparel shipments in the country reached USD 65.8 billion in 2022.
Thus, the textiles application segment will dominate the market for flock adhesives during the forecast period.

Flock Adhesives Market: Top Textile Exporting countries, Revenue in USD Billion, 2022

Understand The Key Trends Shaping This Market

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Asia-Pacific Region to Dominate the Market

The Asia-Pacific region is expected to dominate the market for flock adhesives due to rising demand from the automotive, textile, paper, and packaging applications in the region.
The production volume of automotive vehicles is increasing in the Asia-Pacific region, with China and India being the major manufacturers. According to OICA, in 2022, the total production volume of automotive vehicles in the area reached 50.02 million, compared to 46.76 million units manufactured in the previous year. Thus, the increase in the production volume of automotive vehicles will drive the market for flock adhesives in the region.
In India, the demand for automotive vehicles is increasing with the rising population. Thus, various manufacturers have announced their expansion plans to increase the production capacity of automotive vehicles in the country. For instance, in January 2023, MG Motor India announced to invest USD 100 million to expand capacity and register a growth of 70% by the end of 2023. Thus, the growing markets for automotive vehicles in China and India are expected to drive the demand for Flock adhesives during the forecast period.
Furthermore, in China, the textile industry registered significant market growth. According to the National Bureau of Statistics of China, the textile production volume in China accounted for 38.2 billion meters in 2022, compared to 23.5 billion meters during the same period in the previous year. In December, approximately 3.47 billion meters of clothing fabric were produced in China. Monthly textile production volume was consistently above three billion meters.
Furthermore, in the Asia-Pacific, the demand for packaged food is growing, owing to lifestyle changes, the growing disposable income of people, the increasing number of working professionals, and the growing preference for fast food. Consumers prefer ready-to-consume foods because they require considerably less time for cooking, are fresh, and have attractive and sturdy packaging, supporting the demand for the market studied.
Overall, the growth of industries such as automotive, textiles, and packaging will likely drive the market for flock adhesives in the region during the forecast period.