Fabric Glue Market Expected to Reach $19.9 Billion by 2031—Allied Market Research

According to a new report published by Allied Market Research, titled, “Fabric Glue Market," The fabric glue market was valued at $10.3 billion in 2021, and is estimated to reach $19.9 billion by 2031, growing at a CAGR of 6.8% from 2022 to 2031.

Fabric glue is obtained from natural resources, such as wood fibers and pulp. It is the most preferred glue over other common glue, due to its less toxic manufacturing process. Furthermore, it acts as a good adhesion material and possesses strong elasticity, due to which, it is widely used in automotive, textile, apparel, industrial, home furnishing, and others. 

The fabric glue finds a wide range end-use industry in home furnishing and home appliances products, which drives the overall market growth. Owing to its adhesion property, it is used for carpet sticking , which enhances the aesthetic look of the flooring. These factors are expected to contribute to the growth of the fabric glue market during the forecast period.

However, lack of awareness regarding usage and benefits of fabric glue products in the less economically developed countries may hamper the market growth. In addition, fabric glue is resistant to temperature, and does not retain water, due to which consumers opt for sewing fabrics. These factors are expected to negatively impact the growth of the fabric glue market.

The utilization of fabric glue has increased in the automotive industry owing to its high adhesive strength, non-toxic, and machine washable properties. Furthermore, governments of many countries have mandated 6 airbags to be installed for four-wheeler vehicles with up to 8 seats. Fabric glue is extensively used as coating and covering of seats . These factors are expected to boost the overall demand for fabric glue during the forecast period.

Moreover, fabric glue is used for medical and hygienic products, including disposable masks, medical devices, transdermal patches, gasketing, and sealing products owing to its superior performance and efficiency. This is expected to fuel the growth of fabric glue market. On the contrary, the fast-drying speed, high adhesive strength, and excellent water-resistance properties of fabric glue drive the market growth of the market in various end-use industries such as upholstery, textiles, industrial, and many others.These factors together are projected to create remunerative opportunities for the expansion of the fabric glue market in the upcoming years.

The fabric glue market is segmented on the basis of type, end-use industry, and region. By type, the market is segregated into permanent fabric glue and temporary fabric glue. The temporary fabric glue segment dominated the global market, in terms of revenue in 2021 with 57% share in the global market. The demand for temporary fabric glue is expected to rise owing to low-cost production and alternative substitute for the expensive fabric glue. temporary fabric glue is water soluble, non-toxic, holds firmly, dries in minutes, and does not feel stiff when dry. These factors are expected to act key drivers responsible for the growth of the temporary fabric glue segment during the forecast period; thus, creating lucrative opportunities for the market.

By end-use industry, the market is fragmented into industrial, automotive, textiles, home furnishing, and others. The industrial segment dominated the global market, in terms of revenue in 2021 with 32% share in the global market. The industrial segment comprise sub-sectors such as packaging, building and construction, sealing envelops, wood working, and others. The fabric glue is used to make permanent and temporary bonds due to its high adhesive strength and non-toxic property. Factors such as rise in population, urbanization, improvement in the standard of living, changing lifestyles, and increase in demand for building and construction sector has escalated the demand for fabric glue. Fabric glue provides exceptional adhesion to indoor and outdoor of infrastructure with a UV and waterproof formula that dries clear and fast. This is augmented to increase the demand for fabric glue in the building and construction industry. Furthermore, fabric glue is predominantly used for closing small and large car, and helps in wrapping-around cases in packaging of various industrial products.  

Region-wise, the fabric glue market is analyzed across North America, Europe, Asia-Pacific, and LAMEA. The Asia-Pacific fabric glue market is projected to grow at the highest CAGR  of 7.3% during the forecast period  and holds major share of 45%.  The utilization of fabric glue has increased in the packaging, automotive, healthcare, textile, and other are major key market trends in the Asia-Pacific region. Fabric glue finds application in medical sector. It accelerates the bond formation, highly flexible, water-resistant, and heat-resistant, due to which, it is used in the formulation of various medical & hygiene related products. These factors act as key drivers responsible for the growth of the fabric glue market.

Key players operating in the global fabric glue market include, Arkema, Beacon Adhesives, Inc., Cattie Adhesives, Duncan Enterprises Company, Frameware LLC, Gutermann GmbH, H.B. Fuller Company, Henkel, Nanpao Resins Chemical Group, Odif USA, Permatex Canada Inc., Pidilite Industries Ltd., Prestige Coating Limited., Prym Consumer USA Inc., and Tear Mender.

Key findings of the study:

• The permanent fabric glue segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.0% from 2022 to 2031.
• The automotive end-use industry segment is estimated to display the highest growth rate, in terms of revenue, registering a CAGR of 7.3% from 2022 to 2031.
• Asia-Pacific garnered the highest share of 45% in 2021, in terms of revenue, growing at a CAGR of 7.3%.