Textile Adhesives Market Revenue Analyzed, Growth and Industry Forecast 2018 to 2028
Thursday, March 12, 2020
Press release from the issuing company
Textile Adhesives Market: Introduction
Textile adhesives are used in the textile industry to bond different fabric components as an alternative to sewing garments, ultimately providing reliable dimension and performance. The wide range of textile adhesives available for a broad spectrum of applications meet almost all practical requirements and have access to the global market. As a result, research & development teams primarily focus on combining innovation and cost effectiveness and developing tailor-made solutions for different applications that imbibe the use of textile adhesives. Textile adhesives offer cloth manufacturers attractive material options, paving way for new designs and enhancing the overall quality of the final product in terms of look. The process of creating adhesive bonds among textile products is complex due to the non-availability of chemical bonding sites. As compared to hot melt textile Adhesives, water-based textile adhesives are an environment-friendly solution. In terms of substrate, polyester has a wider temperature range of up to 180 degree Centigrade, as compared to polyamide and polyurethane. The substrate type must be chosen wisely depending on temperature resistance required for application or production to maintain strong bonds through the use of textile adhesives. Investments in research & development are high as requirements in the textile industry are increasing. Players are aiming to develop better formulation processes and deliver enhanced performance while reducing costs at the same time.
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Textile Adhesives Market: Drivers and Restraints
The textile adhesives industry is expected to witness changes in developed countries such as the U.S., the EU and Japan as the demand pattern will shift towards technical textiles. A major part of the textile industry is largely concentrated in China, South Asia and South-East Asia due to the availability of low-cost manpower and abundant raw materials in Asian countries. As a result, the major chunk of the demand for textile adhesives stems from Asia Pacific. Textile product manufacturers rely heavily upon adhesive technology to ensure quality output from their production lines for assembling different parts of textiles. As a result, textile adhesive manufacturers are developing new technologies in collaboration with textile product end users such as automotive and sports product manufacturers. Over the next decade, the automotive industry is expected to maintain a high growth rate and this will be a major driver for textile adhesives across the globe. Adding to this, the new market segment of the textile market, technical textiles, is important for textile adhesive suppliers as applications are expanding with innovative products being launched for different end uses in various industries such as agriculture, clothing, construction, health care, transportation, packaging and sports.
Textile Adhesives Market: Segmentation
On the basis of type, the textile adhesives market has been segmented into:
Hot Melt textile adhesives
The global textile adhesives market has been segmented into seven key regions: North America, Latin America, Western Europe and Eastern Europe, Asia Pacific Excluding Japan (APEJ), Japan and Middle East and Africa (MEA). In the coming years, Western Europe, Japan and North America are expected to witness significant growth as the countries located in these regions are expected to remain the leading manufacturers and consumers of technical textile, which drives the use of textile adhesives. The Asia Pacific region is the most promising market for textile adhesives, owing to the presence of textile manufacturing hubs in the region. The MEA region, Latin America and Eastern Europe will also offer revenue generation opportunities for textile adhesives market players.
Textile Adhesives Market: Market Participants
Examples of some of the market participants identified across the value chain of the global textile adhesives market include:
Pidilite Industries Ltd.
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