Fabric Glue Market: Current Analysis and Forecast (2022-2028)
Emphasis on Type (Permanent and Temporary); Application (Industrial, Automotive, Apparel, Household, and Others); Region (North America, Europe, Asia-Pacific, Rest of the World); and Region/Country
The global fabric glue market is expected to grow at a significant rate of around 5% during the forecast period 2022-2028. Fabric glue also called fabric adhesive is a glue that, depending on the formula, permanently or temporarily adheres fabric to other fabrics. The rising consumer awareness and increasing demand for premium quality automobiles is the important factor that augments the growth of the fabric glue market. Furthermore, the upsurging utilization of fabric glue in the textile industries and rising efforts to find an alternative to sewing also increase the market size of fabric glues. Additionally, the fabric glues also have many applications in decorations, hence the demand from home décor industry.
Aleene’s Premium Glue, Beacon Adhesives, Permatex, A and E Gütermann, H.B. Fuller Company, Cattie Adhesive Solutions, Pidilite Industries, Nan Pao Resins Chemical, Henkel, and Prestige Coating are some of the key players in the market. Several M&As along with partnerships have been undertaken by these players to facilitate customers with hi-tech and innovative products/technologies.
Insights Presented in the Report
“Amongst Type, permanent category to witness higher CAGR during the forecast period”
Based on the type, the market has been categorized into permanent and temporary. The permanent category is expected to witness a higher CAGR during the forecast period. Permanent glues have been extensively used in the textile and automotive industry as an alternative to sewing due to which the demand for permanent glues increases. Furthermore, the permanent glue has an effect even after the washing
“Amongst Application, apparel to hold a significant share in the market in 2020”
Based on the application, the market has been categorized into industrial, automotive, apparel, household, and others. Among them, the apparel segment is expected to have significant growth in the market during the forecast period. The rising affordability of clothing and increasing fashion sense among people is the main reason for the segmental growth of apparel in the fabric glue market. Furthermore, the rising endorsements and the increasing number of discounts on fashion products are the important reasons for the segmental growth.
“Asia Pacific to hold a significant share in the market”
For a better understanding of the market adoption of the Fabric Glue industry, the market is analyzed based on its worldwide presence in the countries such as North America (United States, Canada, and the Rest of North America), Europe (Germany, France, Italy, Spain, United Kingdom and Rest of Europe), Asia-Pacific (China, Japan, India, Australia, and Rest of APAC), and Rest of World. In 2020, Asia Pacific held a significant share of the global fabric glue market. This is mainly attributed to the presence of emerging economies along with the presence of the countries having well-established textile industries in the region. Furthermore, the presence of a large population and increasing demand from the automotive and fashion industry are responsible for the considerable market share of fabric glue in the region.
Reasons to buy this report:
- The study includes market sizing and forecasting analysis validated by authenticated key industry experts.
- The report presents a quick review of overall industry performance at one glance.
- The report covers an in-depth analysis of prominent industry peers with a primary focus on key business financials, product portfolio, expansion strategies, and recent developments.
- Detailed examination of drivers, restraints, key trends, and opportunities prevailing in the industry.
- The study comprehensively covers the market across different segments.
- Deep dive regional level analysis of the industry.
Customization Options:
The global fabric glue market can further be customized as per the requirement or any other market segment. Besides this, UMI understands that you may have your own business needs, hence feel free to connect with us to get a report that completely suits your requirements.
Table of Contents
Research Methodology for the Fabric Glue Market Analysis (2022-2028)
Analyzing the historical market, estimating the current market, and forecasting the future market of the global Fabric Glue market were the three major steps undertaken to create and analyze the adoption of fabric glue in major regions globally. Exhaustive secondary research was conducted to collect the historical market numbers and estimate the current market size. Secondly, to validate these insights, numerous findings and assumptions were taken into consideration. Moreover, exhaustive primary interviews were also conducted, with industry experts across the value chain of the global fabric glue market. Post assumption and validation of market numbers through primary interviews, we employed a top-down/bottom-up approach to forecasting the complete market size. Thereafter, market breakdown and data triangulation methods were adopted to estimate and analyze the market size of segments and sub-segments of the industry pertains to. Detailed methodology is explained below:
Analysis of Historical Market Size
Step 1: In-Depth Study of Secondary Sources:
Detail secondary study was conducted to obtain the historical market size of the fabric glue market through company internal sources such as annual reports & financial statements, performance presentations, press releases, etc., and external sources including journals, news & articles, government publications, competitor publications, sector reports, third-party database, and other credible publications.
Step 2: Market Segmentation:
After obtaining the historical market size of the fabric glue market, we conducted a detailed secondary analysis to gather historical market insights and share for different segments & sub-segments for major regions. Major segments are included in the report as a type and application. Further country-level analyses were conducted to evaluate the overall adoption of testing models in that region.
Step 3: Factor Analysis:
After acquiring the historical market size of different segments and sub-segments, we conducted a detailed factor analysis to estimate the current market size of the fabric glue market. Further, we conducted factor analysis using dependent and independent variables such as type and application of fabric glue. A thorough analysis was conducted for demand and supply-side scenarios considering top partnerships, mergers and acquisitions, business expansion, and product launches in the fabric glue market sector across the globe.
Current Market Size Estimate & Forecast
Current Market Sizing: Based on actionable insights from the above 3 steps, we arrived at the current market size, key players in the global fabric glue market, and market shares of the segments. All the required percentage shares split, and market breakdowns were determined using the above-mentioned secondary approach and were verified through primary interviews.
Estimation & Forecasting: For market estimation and forecast, weights were assigned to different factors including drivers & trends, restraints, and opportunities available for the stakeholders. After analyzing these factors, relevant forecasting techniques i.e., the top-down/bottom-up approach were applied to arrive at the market forecast for 2028 for different segments and sub-segments across the major markets globally. The research methodology adopted to estimate the market size encompasses:
- The industry’s market size, in terms of revenue (USD) and the adoption rate of the fabric glue market across the major markets domestically
- All percentage shares, splits, and breakdowns of market segments and sub-segments
- Key players in the global fabric glue market in terms of products offered. Also, the growth strategies adopted by these players to compete in the fast-growing market
Market Size and Share Validation
Primary Research: In-depth interviews were conducted with the Key Opinion Leaders (KOLs) including Top Level Executives (CXO/VPs, Sales Head, Marketing Head, Operational Head, Regional Head, Country Head, etc.) across major regions. Primary research findings were then summarized, and statistical analysis was performed to prove the stated hypothesis. Inputs from primary research were consolidated with secondary findings, hence turning information into actionable insights.
Split of Primary Participants in Different Regions
Market Engineering
The data triangulation technique was employed to complete the overall market estimation and to arrive at precise statistical numbers for each segment and sub-segment of the global fabric glue market. Data was split into several segments & sub-segments post studying various parameters and trends in the areas of type and application in the global fabric glue market.
The main objective of the Global Fabric Glue Market Study
The current & future market trends of the global fabric glue market were pinpointed in the study. Investors can gain strategic insights to base their discretion for investments on the qualitative and quantitative analysis performed in the study. Current and future market trends determined the overall attractiveness of the market at a regional level, providing a platform for the industrial participant to exploit the untapped market to benefit from a first-mover advantage. Other quantitative goals of the studies include:
- Analyze the current and forecast market size of the fabric glue market in terms of value (USD). Also, analyze the current and forecast market size of different segments and sub-segments
- Segments in the study include areas of type and application.
- Define and analysis of the regulatory framework for the fabric glue industry.
- Analyze the value chain involved with the presence of various intermediaries, along with analyzing customer and competitor behaviors of the industry.
- Analyze the current and forecast market size of the fabric glue market for the major region.
- Major countries of regions studied in the report include Asia Pacific, Europe, North America, and the Rest of the World.
- Company profiles of the fabric glue market and the growth strategies adopted by the market players to sustain in the fast-growing market
- Deep dive regional level analysis of the industry
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