Global Hook & Loop Fasteners Market

Hook & Loop Fasteners Market: Insights

In the forecast timeframe from 2020 to2026, a higher compound annual growth rate will raise the global demand for hook & loop fasteners. Hook-and-loop, hook-and-pile fasteners touch fasteners, consist of two components: usually, two linear fabric strips (or circular dots or squares) which are connected to the opposite surface to be fastened. Hook & loop goods are a replacement for traditional attachment techniques. It can be disabled up to 10,000 times again. These materials are used for the mounting of heavy items and the mounting of lighter objects. The hook & loop helps users to change the cables comfortably. Some of the main determinants expected to raise demand for hook & loop fasteners are the increased demand for healthcare applications, along with the rising demand for tracking devices due to the increasing prevalence of cardiovascular diseases. Moreover, the growth of the industry is also affected positively by the increasing number of surgeries across the globe. Furthermore, the factors affecting the growth of the market in the forecast period are increased demand for hook & loop for cable ties and cinch straps for bundling and wrapping cables which is anticipated to drive the market for hook & loop fasteners. However, the tendency to focus on the use of other alternative products such as shoelaces or zippers, especially in the clothing and footwear industry is likely to impede market growth during the projected period.

Hook & Loop Fasteners Market: By Adhesion Type

The industry is classified into adhesion type-based segments of adhesion: heat enabled, sew-on, peel, and stick. In all adhesion types, the sewing on fasteners division is estimated to have more market revenue than the other segment. When sewn on fabrics, sewn on fasteners have good adhesion and can be used as an alternative to snaps, buttons, and zippers.

Hook & Loop Fasteners Market: By Product Type

According to the category analysis, this market may be described in three categories: hook, mixture, and loop. It is expected that the hook peroxide segment division will contribute more to the sector's worldwide sales across all product categories. It experiences consistently high demand across different industrial and consumer applications and is therefore instrumental in maintaining market development. It is further segregated into woven, elastic, and injection.

Hook & Loop Fasteners Market: By Shapes

This market can be expressed in three sections, depending on the shape, including tape, coins and dots, and straps. The market for the application of the coins and dots segment was anticipated to contribute more to global revenue in this business field. This is due to its strong adherence and it is expected that general usability will drive the growth of the market.

Hook & Loop Fasteners Market: By Region

The market for hook & loop fasteners is divided into Europe, North America, Asia Pacific, the Middle East, and Africa & CSA, based on the geographical region. The North American area is expected to contribute high to global revenues over the coming years. This is due to the high demand from industrial applications and rise in demand in the area being driven by government investments. Owing to the growing demand in countries such as India and China from the electronics industries coupled with FDIs, the market for Aisa Pacific will be growing the fastest during 2020-2026.

Hook & Loop Fasteners Market: Share & Competitor Analysis

The key players competing in this market are Velcro BVBA, YKK Corporation, Paiho North America, HALCO, APLIX, 3M, Dunlap Industries, Inc., Lovetex Industrial Corp, Krahnen & Gobbers GmbH, and Gottlieb Binder GmbH & Co. KG., among others.

Please note: This is not an exhaustive list of companies profiled in the report.