Industrial Hook and Loop Tape Market Size, Share, Growth, And Industry Analysis, By Type (Nylon, Polyester, And Other), By Application (Footwear and Apparel, Transportation, Industrial Manufacturing, Medical, Other), Regional Insights, and Forecast To 2031

Updated On: 22 April 2024

Industrial Hook and Loop Tape Market Report Overview

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global industrial hook and loop tape market size was USD 2350.4 million in 2022 and market is projected to touch 3553.48 Million by 2031, exhibiting a CAGR of 4.7% during the forecast period.

Industrial hook And loop tape fasteners are made of two different pieces of nylon, one acting as the "loop" (softer to the touch) and the other as the "hook." Together these create a strong closure, and while pulling the strips apart directly is easy, separating them any other way is difficult. industrial hook and loop tape fasteners can be so robust that a two-inch square piece can sustain a 79-kilogram human.

On the other hand, the bond's strength is determined by how well the hooks are lodged in the loops, how much surface area is in touch with the hooks, and the force pulling the two sections apart. If hook & loop is employed to join two rigid items together, such as a picture frame and a wall, the bond is very strong because any downward force is dispersed throughout the entire surface of the hook loop sections. This only reinforces its strength by inserting more hooks into the loop, but removal is relatively easy by peeling the frame away from the wall. A peeling motion is performed when using an industrial hook and loop tape as a strap or pocket closure on clothing or footwear, which pulls each hook from the loop into smaller pieces.

COVID-19 Impact: Imposed Lockdown Significantly Affected the Global Market

The coronavirus outbreak temporarily stopped several operations, production, and supply chain processes in the industrial hook and loop tape sector. Industries associated with the usage of industrial hook and loop tape are more likely to regress, resulting in a drop in the growth of the industrial hook and loop tape market. The temporary stoppage of plastic, wood processing, paper, rubber, glass, automotive, electrical & electronics production in the first half of 2020 impacted industrial hook and loop tape production, as this industry is the primary end customer of the product. However, businesses that utilize these markets are now on track, implying that the industrial hook and loop tape market will expand further in the coming years. Hooks and loops are utilized in the medical area to safeguard equipment and instruments and keep patient charts organized. Hence, these industries also fueled the industrial hook and loop tape business during COVID-19.

Latest Trends

"Industrial Hook and Loop Tape Stands as A Better Alternative to Traditional Closure Making It a Popular Choice"

Industrial hook and loop tape products are an alternative to traditional attaching methods. These items are made of hooks and loops that may be closed and opened repeatedly for repeated closure. industrial hook and loop tape goods can be removed and reinstalled up to 10,000 times. These devices are used to attach big goods and smaller-weight objects. Furthermore, industrial hook And loop tape allow customers to store cords easily.

Industrial Hook and Loop Tape Market Segmentation

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• By Type Analysis

According to type, the market can be segmented into three types: nylon, polyester, and other.

• By Application Analysis

Based on application, the market can be divided into five segments: footwear and apparel, transportation, industrial manufacturing, medical, and other.

Driving Factors

"Versatility of the Product to Propel the Market Growth"

In the near future, the hook & loop products market will likely benefit from increased demand for cable ties and cinch straps for bundling and fastening wires and cables. Furthermore, industrial hook and loop tape products are utilized in the medical field for various duties, such as holding patient charts and securing huge equipment and gadgets, which is expected to raise demand for industrial hook And loop tape products in the coming years. Furthermore, industrial hook And loop tape devices are used in hiking or sporting equipment to hold together any form of gear for any sport, indoor or outdoor. This is expected to propel the industrial hook and loop tape market growth.

"Usage of the Product in Several Industries to Boom Market Demand "

Hook and loop devices are used to keep garments and footwear in place. This is expected to improve the market for clothes and footwear. Furthermore, hook and loop products are utilized in the automotive sector to connect armrests, attach the trim to seats, headliners, and headrests, and apply floor coverings. This is expected to raise demand for hook and loop items in the automotive industry in the coming years, propelling the market.

Restraining Factors

"Surging Demand of the Product to Limit Market Growth"

The inclination to focus on using alternative items such as shoelaces or zippers, particularly in the textile and footwear industries, is likely to negate market expansion throughout the forecast period. The high demand of the product is likely to impede the market growth.

Industrial Hook and Loop Tape Market Regional Insights

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"Asia Pacific Leads the Market Due to Rapid Industrialization and Urbanization"

In terms of revenue, Asia Pacific led the market, followed by North America. Factors driving regional market expansion include rapidly expanding demand for hook and loop fixers, particularly in China and India, due to developing aerospace, automobile, and electronics sectors and increased foreign direct investments (FDIs). The above factors are anticipated to be the major contributor to the industrial hook and loop tape market share.

Key Industry Players

"Key Players Focus on Partnerships to Sustain in the Market"

The industrial hook and loop tape market players engage in partnerships and collaborations to gain a competitive advantage. By collaborating with other companies, they aim to leverage complementary strengths and expand their market reach. Additionally, companies are investing in research and development activities to launch new and innovative products in the market. Furthermore, mergers and acquisitions are being pursued by key players to enhance their product portfolios and consolidate their market position.

List of Market Players Profiled

• Velcro (U.K.)
• 3M (U.S.)
• APLIX (France)
• Kuraray Group (Japan)
• YKK (Japan)

Report Coverage

This research profiles a report with extensive studies describing the firms in the market affecting the forecasting period. Detailed studies also offer a comprehensive analysis by inspecting factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics change.