Fabric Glue Market with the growth rate pegged at 5.5% during 2020 to 2030

Increasing adoption of various hygiene products is expected to boost the demand for fabric glue to a large extent. Asia Pacific is a crucial hygiene products market, and accounted for more than 34% of the global market share in 2019.

In the automotive industry, more than 70% consumers prefer fabric seats over leather; hence, demand will experience steady growth during the forecast period. Besides, the trend of electric vehicles is expected to create a lucrative opportunity for the fabric glue market. Globally, leading manufacturers operating in the EV market are investing rigorously towards reducing the weight of their vehicles to increase efficiency. Fabric glue manufacturers have an opportunity to develop a versatile fabric glue form that can be applied uniformly on fabric material, thereby reducing the weight of the seats.

The fabric glue market is anticipated to reach a valuation of over US$ 3 billion (Bn) by 2030, with the growth rate pegged at 5.5% during 2020 to 2030.

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Fabric Glue  Market – Scope of Report:

A latest publication by Fact.MR on the global Fabric Glue  market evaluates the opportunities and current market landscape, and provides detailed analysis and updates about corresponding sections affecting the market.

The study offers detailed insights on key market dynamics, which include the drivers, restraints, trends, and opportunities in the market.

The principal aim of the study is to present exclusive information about how the market will perform during the forecast period of 2019-2029.

Important indicators for the successful growth of the Fabric Glue  market are presented in this comprehensive report, which include Year-on-Year (Y-o-Y) growth analysis of the market, and compounded annual growth rate (CAGR), which are described in an exhaustive way in Fact.MR’s study.

This research study can support readers to know the demand for Fabric Glue  supplements, and the quantitative development opportunities during the study period.

The research is beneficial for shareholders in Fabric Glue , including investors, manufacturers, service providers, distributors, and suppliers, and can help them in developing suitable business strategies to flourish in the market.

Insights and wisdom presented in this Fact.MR study can be leveraged by shareholders in the market, industry experts, investors, researchers, and reporters, as well as business enthusiasts.

Positive Investment Flows to Expand Product Portfolio and Research & Development Initiatives of Stakeholders

A positive flow of investments from pharmaceutical giants is likely to propel the development of Fabric Glue and compounds. For instance, in year 2019, Ginkgo Bioworks, Inc. raised funds of more than US$$ 350 Mn through investments from several investors for the development of synthetic cannabinoids. This has helped them increase production capacity.

Market leaders in Fabric Glue such as Noramco, Inc. CannBioRx Life Sciences, Hyasynth Biologicals, Inc. etc are developing Fabric Glue through novel techniques of synthesis. Moreover, these companies are shifting their focus on research and development of molecules through development of strains of microbes and yeast for biosynthesis of synthetic cannabinoid.

Report benefits & key questions answered

  • Post covid consumer spending on Fabric Glue : the report also highlights the change in the buying behavior of consumers and shifts in purchasing power, post covid-19. This information will assist the businesses to plan their production and marketing strategies.
  • Fabric Glue demand outlook: the market intelligence study reports highlights the factor propelling the demand for Synthetic Cannabinoids. As per the study, the demand for Fabric Glue  will grow through 2029.
  • Fabric Glue historical volume analysis: Fact.MR survey report provides insights into the sales registered over the last forecast year 2016 to 2020 and create estimates regarding the sales performance for 2019-2029.
  • Fabric Glue consumption by demographics: the report provides consumption by demographics analysis to assist the market players in designing their expansion strategies on the basis of consumption pattern of the customers.

Fabric Glue  Market Segmentations:

Function

  • Permanent
  • Temporary

End Use

  • Industrial
  • Automotive
  • Textiles
  • Home Furnishing
  • Mattresses
  • Others
  • Household

Sales Channel

  • Direct Sales
  • Consumer Retail

Region

  • North America
  • Latin America
  • Europe
  • East Asia
  • South Asia & Oceania
  • Middle East & Africa

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