Fabric Glue Market: Overview
The fabric glue market expects to observe promising growth across the assessment period of 2020-2030 on the back of the significant rise in the demand for fabric glue for various purposes. The rapidly expanding fast-moving consumer goods (FMCG) sector is bringing promising growth prospects for the fabric glue market across the assessment period of 2020-2030.
Fabric glues are used as alternatives to sewing fabrics. These glues are helpful in creating temporary or permanent bonds between various materials. They are used in a large number of applications and are extensively beneficial. The increasing demand for fabric glue n the back of performing the gluing functions for various woven and non-woven fabrics may bring extensive growth opportunities for the fabric glue market.
The ongoing advancements in the fabric glue sector may prove to be a prominent growth generator for the fabric glue market. The use of materials such as acrylic polymer emulsions and others will serve as a vital growth opportunity for the fabric glue market. The growing influence of fabric glue across industries, textiles, automotive, mattresses, household, home furnishing, and others may bring extensive growth prospects during the forecast period of 2020-2030.
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Fabric Glue Market: Competitive Insights
The fabric glue market has a large number of players. These players indulge in intense competition. Manufacturers in the fabric glue market are involved in research and development activities. These activities help in discovering new formulations that make the glue more affordable and convenient to the end-user.
Strategic collaborations help in cementing the foothold of the players in the fabric glue market, eventually increasing the growth rate. Some well-entrenched players in the fabric glue market are Gutermann GmbH, Dongguan Dayang Aerosol Chemical Technology Co., Ltd., Frameware LLC, and Aleene’s Premium Glue.
Fabric Glue Market: SARS-CoV-2 Impact
The COVID-19 outbreak has attracted losses across various sectors and businesses across the globe. The fabric glue market is no exception. The closure of manufacturing facilities and production units on the back of the lockdown restrictions led to a decline in the demand and production of fabric glues for a brief period.
However, as the governments of numerous countries relaxed the norms, the growth of the fabric glue market is expected to observe an upward trend. The healthcare sector expects to hold a lion’s share of the growth of the fabric glue market due to the use of these glues in masks, PPE kits, medical supplies, filtration devices, paper products, and others. Thus, this factor will help in keeping the growth rate of the fabric glue market afloat during the assessment period.
Fabric Glue Market: Emerging Trends
The extensive investments by various firms and conglomerates in the fabric glue market will prove to be a crucial aspect for the growth. The rising demand for fabric glue in the automotive sector will help in increasing the growth prospects of the fabric glue market.
The players in the fabric glue market are focusing on making non-toxic and eco-friendly fabric glues. The inclining customer preference toward using chemical-free and eco-friendly products has urged the consumers to take this step.
Fabric Glue Market: Benefits
The benefits attached to the growth of the fabric glue market serve as prominent growth generators. Some of the vital growth benefits are as follows:
- Accelerated bond-formation
- Quick mending process
- Highly flexible and water-resistant
All these advantages lay a red carpet of growth across the fabric glue market.
Fabric Glue Market: Regional Landscape
Asia Pacific’s fabric glue market is extrapolated to hold a dominant position across the assessment period of 2020-2030. Rising urbanization and industrialization across densely populated countries like India and China may serve as a promising growth factor. The fabric glue market in North America is anticipated to occupy the second position in terms of regional growth.
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