Global Velcro Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Global Velcro Market Research Report 2023-Competitive Analysis, Status and Outlook by Type, Downstream Industry, and Geography, Forecast to 2029

Velcro is usually composed of two fabrics, one surface covered with a ring structure and the other surface covered with a hook structure. When the two fabrics are pressed tightly, the hooks are combined with the loops to form a temporarily secured state. If you want to separate the two, just force them apart. In fact, the first velcro was pure cotton, but it was changed to nylon because it was not practical afterwards.

Market Overview:

The latest research study on the global Velcro market finds that the global Velcro market reached a value of USD 2697.47 million in 2022. It’s expected that the market will achieve USD 3312.0 million by 2028, exhibiting a CAGR of 3.48% during the forecast period.

Velcro Cos. Acquires Fastener and Elastic Web Companies (June 18, 2015)

Velcro Companies, a global leader in fastening solutions, announced that it has acquired Alfatex, a leading manufacturer of hook and loop fasteners in the medical, automotive and industrial sectors, and Gevaert, which manufactures elastic and rigid webbings for the apparel industry. The move will expand Velcro Companies’ presence in Europe, broaden its product portfolio and open the way for investment in research and development to speed the pace of product innovations.

Kuraray Completes Acquisition of Calgon Carbon (Mar 9, 2018)

Kuraray Co., Ltd. (TYO: 3405) (“Kuraray”) announced it has completed its acquisition of Calgon Carbon Corporation (“Calgon Carbon”).
As a separate subsidiary, Calgon Carbon will be reported as part of the Functional Materials Company of Kuraray, along with Kuraray’s Carbon Material Business Division. The Functional Materials Company includes the Methacrylate Division and Medical Division.
Calgon Carbon was acquired by Kuraray in March of 2018. With complementary products and services, the combined organization will continue to focus on providing the highest quality and most innovative activated carbon and filtration media products, equipment, and services to meet customer needs anywhere in the world.

Region Overview:

Asia Pacific is projected to account for a considerable share of the Velcro market and is expected to become the largest region by 2028.

Company Overview:

Velcro is one of the major players operating in the Velcro market, holding a share of 13.59% in 2023.

Velcro

Velcro Limited offers fastening systems for automotive, industrial, and consumer markets. It offers coverless hooks for the seat-tie down process and straight tie-down applications; die-cut-shape products to assist designers and engineers to construct shaped features with the seat style without the squaring effect created by point fixing systems; loop auto to partner molded seat hooks; and back-to-back self-gripping fastening systems. The company also provides industrial products.

3M

3M Company develops, manufactures, and markets various products worldwide. It operates through four business segments: Safety & Industrial, Transportation & Electronics, Health Care, and Consumer.

Segmentation Overview:

By type, Nylon segment accounted for the largest share of market in 2022.

Application Overview:

By application, the Footwears & Apparel segment occupied the biggest share from 2018 to 2022.

Key Companies in the global Velcro market covered in Chapter 3:

YKK
Paiho
Kuraray Group
Velcro
3M
Dunlap Industries
APLIX
Lovetex
HALCO

In Chapter 4 and Chapter 14.2, on the basis of types, the Velcro market from 2018 to 2029 is primarily split into:

Nylon
Polyester
Others

In Chapter 5 and Chapter 14.3, on the basis of Downstream Industry, the Velcro market from 2018 to 2029 covers:

Footwears & Apparel
Transportation
Industrial
Medical
Others

Geographically, the detailed analysis of consumption, revenue, market share and growth rate, historic and forecast (2018-2029) of the following regions are covered in Chapter 8 to Chapter 14:

North America (United States, Canada)
Europe (Germany, UK, France, Italy, Spain, Russia, Netherlands, Turkey, Switzerland, Sweden)
Asia Pacific (China, Japan, South Korea, Australia, India, Indonesia, Philippines, Malaysia)
Latin America (Brazil, Mexico, Argentina)
Middle East & Africa (Saudi Arabia, UAE, Egypt, South Africa)