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Fabric Glue Market Segmentation by Type (Permanent, and Temporary); by Sales Channel (Direct Sales, and Consumer Retail); and by End Use (Automotive, Medical & Hygiene, Furnishing, Household, Textiles, and Others) – Global Demand Analysis & Opportunity Outlook 2030

Buy Now Report ID: 3741 | Published Date: Feb 07, 2023

Global Fabric Glue Market Regional Synopsis

On the basis of geographical analysis, the global fabric glue market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and the Middle East & Africa region. The market in Asia Pacific is estimated to acquire the largest share over the forecast period on the back of rapidly rising urbanization and industrialization in the region. In addition, increase in investments in the fabric glue industry by companies is also projected to fuel market growth in the region in the upcoming years. Moreover, the market in North America is also expected to grab a significant market share during the forecast period, which can be credited to the large presence of textile industry, and growing advancements to develop premium-quality adhesive products in the region. As per the National Council of Textile Organization, the United States is the second largest exporter of textile-related products in the world. Furthermore, textile and apparel shipments in the country were worth USD 64.4 billion in 2020.

Fabric Glue Market Share Image

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The global fabric glue market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth & Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth Market Players Analysis & Opportunity Outlook


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Fabric Glue Market Graph
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Major Macro-Economic Indicators Impacting the Market Growth

Chemicals Graph

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.


Market Segmentation

Market-Growth-Drivers

Our in-depth analysis of the global fabric glue market includes the following segments:

By Type

  • Permanent
  • Temporary

By Sales Channel

  • Direct Sales
  • Consumer Retail

By End Use

  • Automotive
  • Medical & Hygiene
  • Furnishing
  • Household
  • Textiles
  • Others

Growth Drivers

  • Increasing Demand for Fabric Glue to Make Disposable Hygiene Products
  • Growing Usage of the Product in the Seats of Electric Vehicles to Enhance Vehicle Safety

Challenges

  • Less Awareness about the Use of the Product in Lower Economic Regions


Chemicals Graph
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Top Featured Companies Dominating the Market

top-features-companies
    • Dongguan Dayang Aerosol Chemical Technology Co., Ltd.
      • Company Overview
      • Business Strategy
      • Key Product Offerings
      • Financial Performance
      • Key Performance Indicators
      • Risk Analysis
      • Recent Development
      • Regional Presence
      • SWOT Analysis 
    • Gutermann GmbH
    • Frameware LLC
    • Duncan Enterprises Company
    • Beacon Adhesives, Inc.
    • Odif USA
    • Permatex Canada Inc.
    • Tear Mender
    • Prym Consumer USA Inc.
    • Eclectic Products Inc.

In-the-news

In The News

  • In October 2021, Canadian adhesives manufacturer Xlynx Materials produced a new BondLynx molecular adhesive, which is claimed to have excellent chemical bonding properties, strong enough to bond challenging polymers, including polypropylene and polyethylene.

  • The product is majorly targeted for textiles industry for boosting the mechanical properties, and tear and perforation resistance of high-performance fabrics.


preview-analysis

Global Economic Impact

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Despite Inflation & Fearing Recession, Businesses Across the Globe Expected to Do Better in 2023:

In 2023, market players might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain.
Controlling Inflation has become the first priority for global economies from last quarter of 2022 and to be followed in 2023. With skewed economic situations, rise in interest rate by governments to control spending and inflation, spiked oil and gas prices, high inflation, geo-political issues including U.S. & China trade war, Russia-Ukraine conflict to intensify the global economic issues.
The interest rates in the U.S. may be less sensitive in 2023 as compared to 2022; sigh of relief for businesses. Positive business sentiments, healthy business balance sheets, growth in construction spending (private construction value in 2022 stood at $1,429.2 billion, 11.7 percent (±1.0 percent) above the $1,279.5 billion spent in 2021, Residential construction in 2022 was $899.1 billion, up by 13.3 percent (±2.1 percent) from $793.7 billion in 2021, non-residential construction touched $530.1 billion, 9.1 percent (±1.0 percent) above the $485.8 billion in 2021.) showcases minimal impact of recession in the country.
Similarly, spiked spending in the European and major Asia economics including, India, China & Japan to showcase less impact on the global demand.


Author Credits:  Smruti Ranjan, Rajrani Baghel


Key Questions Answered in the Report

1) What are the major factors driving the growth of the fabric glue market?

Ans: The major factors driving market growth are increasing demand for fabric glue to make disposable hygiene products, and growing usage of the product in the seats of electric vehicles to enhance vehicle safety.

2) What would be the CAGR of fabric glue market over the forecast period?

Ans: The market is anticipated to attain a CAGR of ~4% over the forecast period, i.e., 2022 – 2030.

3) What are the challenges affecting the fabric glue market growth?

Ans: Less awareness about the use of the product in lower economic regions is estimated to hamper the market growth.

4) Which region will provide more business opportunities for growth of fabric glue market in future?

Ans: Asia Pacific will provide more business opportunities for market growth owing to the rapidly rising urbanization and industrialization in the region.

5) Who are the major players dominating the fabric glue market?

Ans: The major players in the market are Gutermann GmbH, Frameware LLC, Duncan Enterprises Company, Beacon Adhesives, Inc., and others.

6) How are the company profiles selected?

Ans: The company profiles are selected based on the revenues generated from the product segment, geographical presence of the company which determine the revenue generating capacity as well as the new products being launched into the market by the company.

7) What are the segments in the fabric glue market?

Ans: The market is segmented by type, sales channel, end use, and by region.

8) Which segment captures the largest market size in the type segment in the fabric glue market?

Ans: The permanent segment is anticipated to hold largest market size and is estimated to grow at a robust CAGR over the forecast period and display significant growth opportunities.

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