Textile Adhesive Market To Grow With Over 5% CAGR During The Forecast Period
Global Textile Adhesive Market is driven by expanding textile
industry in the forecast period, 2023-2027.
According
to TechSci Research report, “Textile adhesive Market - Global Industry Size,
Share, Trends, Opportunity and Forecast, 2017-2027” The
global textile adhesive market may show a robust growth in the forecast years,
2023-2027 with an anticipated CAGR value. The market growth can be attributed
to the factors like growing demands for the alternative approach for the
textile sewing. Rapidly evolving fashion and trends of advanced methods of
manufacturing clothing and apparel further drives the growth of the global
textile adhesive market in the upcoming five years. Also, expanding textile
industry, growth of the fashion related clothing lines, advancement in the
product development and high investment in the evolution of fashion also
facilitates the growth of the global textile adhesive market in the next five
years. Additionally, technological advancement in the adhesive technology,
consistent research to provide safe, secure, and hygienic apparel for the
consumer, specially for the uniform wearer in the lines of population safety
supports the growth of the global textile adhesive market in the future five
years.
Growing
number of market players, in the textile industry, increasing number of fashion
designers, and innovative clothing designs for casual wear, lingerie wear, or
uniforms, altogether adds to the futuristic growth of the global textile
adhesive market in the forecast years. Rising disposable income among the population,
demand for advanced sportswear, lingerie, technical textiles, etc. also
substantiates the growth of the global textile adhesive market in the forecast
years through 2027. Advantages of using textile adhesive gives aesthetic
privilege along with the environment friendly solutions thus aiding the growth
of the global textile adhesive market in the forecast period.
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The
global textile adhesive market segmentation is based on application, resin
type, end use industry, profitability potential, regional distribution, and
competitive landscape. Based on application, the market is further segmented
into fabric to fabric lamination, fabric to membrane lamination, and fabric to
foam lamination. Fabric to fabric
lamination is anticipated to hold the largest revenue shares of the market and
may dominate the market segment in the upcoming five years on the grounds of
demands for safe and secure textiles for various uniform clothing
manufacturing. Rising application of advanced adhesive technology for the
clothing laminating and finishing further drives the growth of the global
textile adhesive market in the next five years. Fabric to membrane is an
extended application of multi-film clothing and thus also aids to the growth of
the global textile adhesive market in the future five years. By
resin type, the market is fragmented into PUR HM, water based PU, solvent based
PU, PUR liquid, and TPU others.
Based
on end use industry the market is also differentiated into lingerie/ innerwear,
sportswear, protective wear, home furnishing, medical, automotive, and others. Lingerie/
innerwear might hold the largest revenue shares of the market and dominate the
market segment in the upcoming five years on grounds of increasing demands for
the designer & fashionably advanced products by a large female population
around the globe. Rising demand for comfort wear further facilitates the growth
of the segment along with the growth of the global textile adhesive market in
the next five years. By profitability potential, the market is bifurcated into
low, medium, and high.
Some
of the market players, dominating the global textile adhesive market are :
·
Bemis
Associates Inc
·
Neoflex
SL
·
H
B Fueller
·
KLEBCHEMIE
M. G. Becker GmbH & Co. KG
·
Henkel
Adhesives
·
Taiwan
PU Corporation
·
Morchem
SAU
·
Bostik
·
Huntsman
Corporation
·
Sika
AG
·
Jowat
Klebstoffe
·
BASF
SE
·
Clariant
AG
·
Dengel
GMbH
·
Shanghai
Tianyang Hotmelt Adhesive Co Ltd
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“Asia Pacific region is anticipated to
hold the largest revenue shares of the market and dominate the regional
analysis of the market growth in the upcoming five years. The widest textile
industry in the region is in India, China, and South Korea. The expansion of
the textile industry in the region along with the growing sales of the textiles
& apparels further enunciates the growth of the global textile adhesive
market in the next five years in the region. The region holds most promising
textile manufacturing hub and along with the detailed distribution channels of
the apparels, clothing, etc. the market is bound to flourish in the future.
North America and Europe region may also hold significant shares of the market in
the future flourishing over the backbones of the manufacturers of technical
textile that along with the advanced textile adhesive technology is benefitting
the growth of the market. New market players may focus on collaborations with
the textile manufacturers to establish brand,” said Mr. Karan Chechi, Research
Director with TechSci Research, a research based global management consulting
firm.
“Textile Adhesive Market
- Global Industry Size, Share, Trends, Opportunity and Forecast, 2017-2027, Segmented By Application
(Fabric to Fabric Lamination, Fabric to Membrane Lamination, Fabric to Foam
lamination), By Resin Type (PUR HM, Water Based PU, Solvent Based PU, PUR
Liquid, TPU others), By End Use Industry (Lingerie/ Innerwear, Sportswear,
Protective Wear, Home Furnishing, Medical, Automotive, Others), By
Profitability Potential (Low, Medium, and High), By Region”, has evaluated the future
growth potential of global textile adhesive and provides statistics &
information on market size, structure and future market growth. The report
intends to provide cutting-edge market intelligence and help decision makers
take sound investment decisions. Besides, the report also identifies and analyzes
the emerging trends along with essential drivers, challenges, and opportunities
in global textile adhesive market.
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