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Hook and Loop Fasteners Market Size, Market Share, Application Analysis, Regional Outlook, Growth Trends, Key Players, Competitive Strategies and Forecasts, 2021 to 2029

  • ID: 5353566
  • Report
  • May 2021
  • Region: Global
  • 111 pages
  • Acute Market Reports

FEATURED COMPANIES

  • 3M
  • Binder
  • Dunlap Industries INC.
  • HALCO
  • Heyi
  • Kuraray Group
The hook and loop fasteners market is expected to grow at a compound annual growth rate of 5.6% during the forecast period of 2021 to 2029. The growth is mainly attributable to increased demand by the industrial sector and other end-use industries. Hook and loop fasteners are also called hook and pile fasteners or touch fasteners. Hook and loop fasteners are made up of two parts: typically two lineal fabric strips (or circular 'dots' or squares), which are joined (sewn or otherwise attached) to the opposite surfaces to be secured. These are often referred to as ‘velcro’ due to the popularity of the brand ‘Velcro’.This report covers all the quantitative and qualitative aspects of the hook and loop market and also focuses on key drivers, restraints, challenges, and opportunities present along with future prospects, revenue forecast, and market analysis.

Medical Sector Application to Boost Demand

The market has been segmented based on the product, type, adhesion, shape, application, and regional basis. Based on the application segment, the hook and loop market is divided into household, footwear and apparel, medical, automotive, industrial sector, and other end-use industries. The market was led by the industrial sector, which was followed by the medical sector. Hook and loops are used in the medical field to secure huge equipment and devices as well as to store patient charts, thereby increasing demand. Other benefits of using hook and loop fasteners in the medical industry include enhanced device handling, increased stability, and enhanced treatment and monitoring outcomes. Further, Hook and loop are particularly common in apparel, where it replaces buttons or zippers, and as a shoe fastener for children who have yet to learn to knot shoelaces.

Increased Application in End-Use Industries Drives Market Growth

Hook and loop fasteners are being utilized for a wide range of applications for which a temporary bond is needed, owing to the easy use. The hook & loop products market is likely to grow soon due to increased demand for cable ties and cinch straps for bundling and fastening wires and cables. These are also used in hiking or sporting equipment to keep together any form of gear for any sport. Furthermore, hook and loop items are utilized in the automobile sector to connect armrests, attach the trim to seats, headliners, and headrests, and apply floor coverings. This is projected to raise demand for hook and loop in the automobile sector in the coming years, propelling the market. Hook and loops are more economical than buttons, zippers, and other substitutes.

Dust Accumulation a Significant Concern

There are some flaws as well: after a few months of frequent usage, hook and loop tend to accumulate hair, dust, and fur. After repeated use, the loops may become enlarged or broken. The hooks are frequently fastened to clothes, particularly loosely woven clothes such as sweaters. Even if the sides are separated carefully, the clothes may be destroyed if the hook-and-loop is removed. It also retains moisture and perspiration when worn adjacent to the skin, which means it will stink if not laundered.As a result, customers in the apparel and footwear industries are shifting toward alternative items such as zippers and shoelaces.

Asia Pacific to Remain Market Leader

The global consumption of hook and fasteners has expanded, with industrial applications being the main consumption sector, aiding hook & loop fastener growth, followed by consumer items. In the worldwide hook & loop fasteners market, North America, Europe, and the Asia Pacific accounted for a major revenue share. The Asia Pacific dominated the market in terms of revenue followed by North America. Factors contributing to the growth of the market in the regions include rapidly increasing demand for hook and loop fixers, notably in China and India, as a result of developing aerospace, the automobile, electronics sectors, along with increased foreign direct investments (FDIs). Growing industrial need for hook & loop fasteners, as well as increased public and private investment in healthcare, are likely to drive hook & loop demand in North America.

Key Market Players

A prominent player of the hook and loop fasteners market is Velcro. Other major players include 3M, Kuraray Group, Binder, Ykk Corporation, Paiho North America Corporation, HALCO, Dunlap Industries INC., Heyi, and Shingyi. Players have utilized a range of marketing techniques to stay competitive in the worldwide hook and loop fasteners market, including new product launches, expansion, joint ventures, and acquisitions. The report contains a thorough examination of leading companies as well as a discussion of the market competing. Product launching is a crucial tactic for the key players in the hook and loop fasteners market.

Historical & Forecast Period

This research report presents the analysis of each segment from 2019 to 2029 considering 2020 as the base year for the research. Compounded annual growth rate (CAGR) for each respective segment is calculated for the forecast period from 2021 to 2029.

Report Scope by Segments

Market revenues and CAGR were derived from primary and secondary research. Both quantitative and qualitative trends were considered for the extrapolation of market revenues. The derived market estimates were further validated from top-down, bottom strategies and primary research. The scope of the market is limited to the following segments of product categories and regions.
Note: Product cover images may vary from those shown

FEATURED COMPANIES

  • 3M
  • Binder
  • Dunlap Industries INC.
  • HALCO
  • Heyi
  • Kuraray Group
Chapter 1. Preface
1.1. Report Scope and Description
1.1.1. Study Purpose
1.1.2. Target Audience
1.1.3. USP and Key Offerings
1.2. Research Scope
1.3. Research Methodology
1.3.1. Phase I-Secondary Research
1.3.2. Phase II-Primary Research
1.3.3. Phase III-Expert Panel Review
1.3.4. Type Adopted
1.3.4.1. Top-Down Type
1.3.4.2. Bottom-Up Type
1.3.5. Assumptions
1.3.7. Market Segmentation

Chapter 2. Executive Summary
2.1.Hook and loop fasteners market Portraiture
2.2. Hook and loop fasteners market, by product, 2020 (US$ Mn)
2.3. Hook and loop fasteners market, by type, 2020 (US$ Mn)
2.4. Hook and loop fasteners market, by adhesion, 2020 (US$ Mn)
2.5. Hook and loop fasteners market, by shape, 2020 (US$ Mn)
2.6. Hook and loop fasteners market, by application, 2020 (US$ Mn)
2.7. Hook and loop fasteners market, by regional basis, 2020 (Value)
2.8. Impact of Covid - 19

Chapter 3. Hook and Loop Fasteners Market: Market Dynamics and Future Outlook
3.1. Market Overview
3.2. Current Scenario: New Product Launches, Increase in Animal-Free Testing
3.3. Drivers
3.3.1. Growing usage in end-to-end industries.
3.3.2. Economical than substitutes.
3.4. Challenges
3.4.1. Accumulates dust particles over time.
3.4.2. Growing preference for zippers, buttons, etc.
3.5. Opportunities
3.6. Attractive Investment Proposition, by Geography, 2020
3.7. Competitive Landscape (Key Players)
3.7.1. Mergers and Acquisition Analysis
3.7.2. Agreements, Collaborations, and Partnership
3.7.3. New Product Launches

Chapter 4. Hook and Loop Fasteners Market, By Product, 2019 – 2029 (US$ Mn)
4.1. Overview
4.2. Hook
4.3. Loop
4.4. Mixture

Chapter 5. Hook and Loop Fasteners Market, By Type, 2019 – 2029 (US$ Mn)
5.1. Overview
5.2. Nylon
5.3. Polyester
5.4. Others

Chapter 6. Hook and Loop Fasteners Market, By Adhesion, 2019 – 2029 (US$ Mn)
6.1. Overview
6.2. Sew-on
6.3. Peel and stick
6.4. Heat activated

Chapter 7. Hook and Loop Fasteners Market, By Shape, 2019 – 2029 (US$ Mn)
7.1. Overview
7.2. Coins and dots
7.3. Tape
7.4. Straps

Chapter 8. Hook and Loop Fasteners Market, By Application, 2019-2029 (US$ Mn)
8.1. Overview
8.2. Footwear and apparels
8.3. Medical
8.4. Household
8.5. Automotive
8.6. Industrial sector
8.7. Others

Chapter 9. Hook and Loop Fasteners Market, By Regional Market Analysis, 2019 – 2029 (US$ Mn)
9.1. Definition & Scope
9.2. Regional Market Share Analysis, 2019 & 2029
9.3. Regional Market Dashboard
9.4. Regional Market Snapshot
9.5. Regional Market Share Analysis 2019 to 2029
9.5.1. North America
9.5.2. Europe
9.5.3.Asia Pacific
9.5.4. Latin America
9.5.5.Middle East and Africa
9.6. SWOT Analysis, by Factor (Political & Legal, Economic and Technological)
9.6.1. North America
9.6.2. Europe
9.6.3. Asia Pacific
9.6.4. Latin America
9.6.5. Middle East and Africa
9.7. Market Size, & Forecasts, Revenue and Trend Analysis, 2019 to 2029

Chapter 10. North America Hook and Loop Fasteners Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)
10.1. North America Hook and loop fasteners market Analysis, 2019-2029
10.2. North America Hook and loop fasteners market, by product, 2019 – 2029 (US$ Mn)
10.3. North America Hook and loop fasteners market, by type, 2019 – 2029 (US$ Mn)
10.4. North America Hook and loop fasteners market, by adhesion, 2019 – 2029 (US$ Mn)
10.5. North America Hook and loop fasteners market, by shape, 2019 – 2029 (US$ Mn)
10.6. North America Hook and loop fasteners market, by application, 2019 – 2029 (US$ Mn)
10.7. North America Hook and loop fasteners market, by region, 2019 – 2029 (US$ Mn)
10.7.1. U.S.
10.7.2. Canada

Chapter 11. Latin America Hook and Loop Fasteners Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)
11.1. Latin America Hook and loop fasteners market Analysis, 2019-2029
11.2. Latin America Hook and loop fasteners market, by product, 2019 – 2029 (US$ Mn)
11.3. Latin America Hook and loop fasteners market, by type, 2019 – 2029 (US$ Mn)
11.4. Latin America Hook and loop fasteners market, by adhesion, 2019 – 2029 (US$ Mn)
11.5. Latin America Hook and loop fasteners market, by shape, 2019 – 2029 (US$ Mn)
11.6. Latin America Hook and loop fasteners market, by application, 2019 – 2029 (US$ Mn)
11.7. Latin America Hook and loop fasteners market, by region, 2019 – 2029 (US$ Mn)
11.7.1. Brazil
11.7.2. Argentina
11.7.3. Mexico

Chapter 12. Europe Hook and Loop Fasteners Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)
12.1. Europe Hook and loop fasteners market Analysis, 2019-2029
12.2. Europe Hook and loop fasteners market, by product, 2019 – 2029 (US$ Mn)
12.3. Europe Hook and loop fasteners market, by type, 2019 – 2029 (US$ Mn)
12.4. Europe Hook and loop fasteners market, by adhesion, 2019 – 2029 (US$ Mn)
12.5. Europe Hook and loop fasteners market, by shape, 2019 – 2029 (US$ Mn)
12.6. Europe Hook and loop fasteners market, by application, 2019 – 2029 (US$ Mn)
12.7. Europe Hook and loop fasteners market, by region, 2019 – 2029 (US$ Mn)
12.7.1. United Kingdom
12.7.2. Germany
12.7.3. France
12.7.4. Italy
12.7.5. Spain
12.7.6. Rest of Europe

Chapter 13. Asia Pacific Hook and Loop Fasteners Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)
13.1. Asia Pacific Hook and loop fasteners market Analysis, 2019-2029
13.2. Asia Pacific Hook and loop fasteners market, by product, 2019 – 2029 (US$ Mn)
13.3. Asia Pacific Hook and loop fasteners market, by type, 2019 – 2029 (US$ Mn)
13.4. Asia Pacific Hook and loop fasteners market, by adhesion, 2019 – 2029 (US$ Mn)
13.5. Asia Pacific Hook and loop fasteners market, by shape, 2019 – 2029 (US$ Mn)
13.6. Asia Pacific Hook and loop fasteners market, by application, 2019 – 2029 (US$ Mn)
13.7. Asia Pacific Hook and loop fasteners market, by region, 2019 – 2029 (US$ Mn)
13.7.1. Japan
13.7.2. China
13.7.3. India
13.7.4. ASEAN
13.7.5. Rest of APAC

Chapter 14. Middle East & Africa (MEA) Hook and Loop Fasteners Market, Regional Market Analysis, 2019 – 2029 (US$ Mn)
14.1. Middle East & Africa (MEA) Hook and loop fasteners market Analysis, 2019 – 2029
14.2. Middle East & Africa (MEA) Hook and loop fasteners market, by product, 2019 – 2029 (US$ Mn)
14.3. Middle East & Africa (MEA) Hook and loop fasteners market, by type, 2019 – 2029 (US$ Mn)
14.4. Middle East & Africa (MEA) Hook and loop fasteners market, by adhesion, 2019 – 2029 (US$ Mn)
14.5. Middle East & Africa (MEA) Hook and loop fasteners market, by shape, 2019 – 2029 (US$ Mn)
14.6. Middle East & Africa (MEA) Hook and loop fasteners market, by application, 2019 – 2029 (US$ Mn)
14.7. Middle East & Africa (MEA) Hook and loop fasteners market, by region, 2019 – 2029 (US$ Mn)
14.7.1. Saudi Arabia
14.7.2. United Arab Emirates
14.7.3. South Africa
14.7.4. Rest of MEA

Chapter 15. Company Profiles
15.1. Velcro
15.1.1. Business Overview
15.1.2. Financial Information (Subject to data availability)
15.1.3. Application Portfolio
15.1.4. Key Developments
15.2. 3M
15.3. Kuraray Group
15.4. Binder
15.5. Ykk Corporation
15.6.Paiho North America Corporation
15.7. HALCO
15.8. Dunlap Industries INC.
15.9. Heyi
15.10. Shingyi
Note: Product cover images may vary from those shown
  • 3M
  • Kuraray Group
  • Binder
  • Ykk Corporation
  • Paiho North America Corporation
  • HALCO
  • Dunlap Industries INC.
  • Heyi
  • Shingyi.
Note: Product cover images may vary from those shown
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