#Fabric #Glue #Market #Size #Worth #Billion
Portland, OR, Oct. 07, 2022 (GLOBE NEWSWIRE) — According to the report published by Allied Market Research, the global fabric glue market was estimated at $10.3 billion in 2021 and is expected to hit $19.9 billion by 2031, registering a CAGR of 6.8% from 2022 to 2031. The report provides a detailed analysis of the top investment pockets, top winning strategies, drivers & opportunities, market size & estimations, competitive landscape, and evolving market trends. The market study is a helpful source of information for the frontrunners, new entrants, investors, and shareholders in crafting strategies for the future and heightening their position in the market.
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Report Coverage & Details:
Report Coverage | Details |
Forecast Period | 2022–2031 |
Base Year | 2021 |
Market Size in 2021 | $10.3 Billion |
Market Size in 2031 | $19.9 Billion |
CAGR | 6.8% |
No. of Pages in Report | 270 |
Segments Covered | Type, End-use Industry, and Region. |
Drivers | Rapid infrastructural development |
Increase in consumer demand in the automotive sector | |
Opportunities | Rise in demand for fabric glue in performing the gluing functions for disposable products from both the woven and non-woven fabrics |
Restraints | Lack of awareness among people regarding the benefits of fabric glue |
Covid-19 scenario-
- The outbreak of the pandemic gave way to decreased demand from sectors such as automotive, textile, personal care products, and furniture, which impacted the global fabric glue market negatively, especially during the initial period.
- However, as the government of various countries started relaxing the norms, the market for fabric glue also got back on track.
The global fabric glue market is analyzed across type, end-use industry, and region. The report takes in an exhaustive analysis of segments and their sub-segments with the help of tabular and graphical representation. Investors and market players can benefit from the breakdown and…
Read on GNW: Fabric Glue Market Size Worth $19.9 Billion by 2031