Major Types and Applications on Hook and Loop Market

5 min read

Updated on 11/20/2024

Based on type, the hook and loop is primarily split into nylon velcro and polyester velcro.

Type

Description

Nylon Velcro

Nylon Velcro is made from nylon material and is known for its durability and strength. It is commonly used in industries like automotive, electronics, and packaging.

Polyester Velcro

Polyester Velcro is made from polyester material and is preferred for its resistance to high temperatures and chemicals.

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Based on applications, the hook and loop is primarily split into footwear & apparel, transportation, industrial manufacturing, and medical.

Application

Description

Footwear & Apparel


The hook & loop market finds applications in various industries including footwear & apparel, transportation, industrial manufacturing, medical, and others. In the footwear & apparel sector, it is used for fastening shoes, clothing, and accessories.


In transportation, it is employed for securing seat belts, covers, and trim panels. Industrial manufacturing utilizes the hook & loop for fastening packaging, assemblies, and machinery. In the medical field, it is used for bandages, braces, and equipment fastening. Other industries such as aerospace, sports, and automotive also benefit from the versatile applications of hook & loop.

Transportation

Industrial Manufacturing

Medical

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In both 2023 and 2030, Nylon Velcro is projected to dominate the global Hook and Loop market, with a market share of 84.31%. Polyester Velcro is expected to hold a smaller portion, with 12.53% in 2023 and a slight decrease to 12.13% by 2030. The remaining market share is attributed to other types of Hook and Loop materials, which are expected to decrease from 5.21% in 2023 to 5.03% in 2030. This indicates a stable preference for Nylon Velcro in the market, with Polyester Velcro and other materials maintaining a consistent, albeit minor, share.

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The sales data for different types of Hook and Loop materials from 2018 to 2030 indicates a strong preference for Nylon Velcro, which has consistently been the top-selling type, with sales increasing from 221,526 thousand square meters in 2018 to a projected 358,367 thousand square meters by 2030.

Polyester Velcro also shows a positive trend, starting at 33,762 thousand square meters in 2018 and expected to reach 51,746 thousand square meters by 2030. The sales of other types have remained relatively stable, with a slight increase from 14,194 thousand square meters in 2018 to a projected 21,933 thousand square meters in 2030.

The total global sales of Hook and Loop materials are expected to grow significantly, from 269,482 thousand square meters in 2018 to 432,045 thousand square meters by 2030, reflecting the expanding demand for these fastening solutions.

 

2018

2019

2020

2021

2022

2023

Nylon Velcro

221526

237567

213886

222806

240831

258831

Polyester Velcro

33762

36083

32925

34121

36535

38893

Others

14194

15172

13887

14442

15470

16489

Total

269482

288821

260699

271369

292836

314213

 

2023

2024

2025

2026

2027

2028

2029

2030

Nylon Velcro

258831

275177

289979

304722

318550

332244

345536

358367

Polyester Velcro

38893

41177

43247

45030

46838

48475

50140

51746

Others

16489

17375

18184

18982

19809

20589

21284

21933

Total

314213

333729

351409

368734

385197

401308

416960

432045

The global Hook and Loop market has seen varying price trends for different types of materials from 2018 to 2030. Nylon Velcro has generally maintained a higher price, starting at $8.40 per square meter in 2018, experiencing slight fluctuations, and reaching $8.01 by 2023.

Polyester Velcro has been priced lower, beginning at $6.59 in 2018, dropping to $6.27 by 2023. The price for other types has also been lower than Nylon Velcro, starting at $9.02 in 2018 and decreasing to $8.61 by 2023.

Looking ahead, the prices for Polyester Velcro is expected to stabilize with minor increases, while the price for Nylon Velcro is projected to remain relatively stable with a slight decrease by 2030. This pricing reflects the market dynamics and material preferences in the Hook and Loop industry.

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In the global Hook and Loop market for the years 2023 and 2030, the Footwear & Apparel sector is projected to maintain a significant share, with 41.08% in 2023 and a slight increase to 41.71% by 2030. The Transportation sector is expected to see a minor decrease from 12.58% in 2023 to 12.19% in 2030.

Industrial Manufacturing is anticipated to grow its share from 21.46% to 20.86% over the same period. The Medical sector is also projected to increase its share from 15.92% in 2023 to 16.93% by 2030. Meanwhile, the ‘Others’ category is expected to experience a slight decline from 8.96% in 2023 to 8.31% in 2030.

This distribution highlights the diverse applications of Hook and Loop fasteners across various industries, with a strong emphasis on the Footwear & Apparel sector.

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The global Hook and Loop market shows a diverse application range with varying sales volumes.

Footwear & Apparel leads the market with sales increasing from 115,631 thousand square meters in 2018 to an expected 190,283 thousand square meters by 2030.

Transportation has shown a steady growth, starting at 34,661 thousand square meters in 2018 and projected to reach 52,726 thousand square meters by 2030.

Industrial Manufacturing has seen a significant rise, from 55,565 thousand square meters in 2018 to a forecasted 85,682 thousand square meters by 2030.

The Medical sector has also shown a consistent increase, from 38,248 thousand square meters in 2018 to an expected 67,724 thousand square meters by 2030.

Lastly, the ‘Others’ category has fluctuated but is projected to grow from 25,377 thousand square meters in 2018 to 35,630 thousand square meters by 2030. Overall, the market is expected to expand across all sectors, reflecting the growing demand for Hook and Loop fasteners in numerous applications.

 

2018

2019

2020

2021

2022

2023

Footwear & Apparel

115631

124419

111504

116468

126536

136409

Transportation

34661

36677

33478

34737

37131

39567

Industrial Manufacturing

55565

59120

54102

56136

60135

64202

Medical

38248

41515

36802

38744

42333

46073

Others

25377

27090

24814

25283

26701

27962

Total

269482

288821

260699

271369

292836

314213

 

2023

2024

2025

2026

2027

2028

2029

2030

Footwear & Apparel

136409

145444

153568

161526

169002

176443

183556

190283

Transportation

39567

41843

43841

45760

47626

49303

51125

52726

Industrial Manufacturing

64202

67738

70852

73959

77014

79969

82893

85682

Medical

46073

49527

52851

55995

58990

61939

64806

67724

Others

27962

29177

30298

31494

32566

33653

34580

35630

Total

314213

333729

351409

368734

385197

401308

416960

432045

In the United States, the Hook and Loop market has shown significant growth across different types of materials from 2018 to 2030. Nylon Velcro has experienced a substantial increase in sales value, rising from $299.78 million in 2018 to an estimated $473.03 million by 2030.

Polyester Velcro has also seen growth, with sales value increasing from $40.39 million in 2018 to a projected $77.19 million in 2030. The ‘Others’ category has shown a more modest growth, from $22.78 million in 2018 to an estimated $30.91 million by 2030.

The total market value for Hook and Loop products in the United States is expected to grow from $362.95 million in 2018 to $569.98 million by 2030, reflecting a strong demand for these materials in various applications.

By Type

2018

2023

2030

Nylon Velcro

299.78

340.69

473.03

Polyester Velcro

40.39

44.61

77.19

Others

22.78

25.21

30.91

Total

362.95

410.52

569.98

In the United States, the Hook and Loop market shows significant growth across various applications from 2018 to 2030. The Footwear & Apparel sector is a major driver of this growth, with sales increasing from $140.12 million in 2018 to an estimated $226.62 million by 2030.

Transportation also shows a steady rise, starting at $48.83 million in 2018 and projected to reach $74.30 million by 2030. Industrial Manufacturing is expected to grow from $77.30 million in 2018 to $117.30 million by 2030, indicating a robust demand in this sector. The Medical application is another significant area, with sales forecasted to rise from $62.32 million in 2018 to $105.33 million by 2030. The ‘Others’ category, while smaller, also shows growth, from $34.39 million in 2018 to $46.43 million by 2030.

Overall, the total market value is projected to increase from $362.95 million in 2018 to $569.98 million by 2030, reflecting a strong and expanding market for Hook and Loop products in diverse applications.

 

2018

2023

2030

Footwear & Apparel

140.12

160.90

226.62

Transportation

48.83

54.64

74.30

Industrial Manufacturing

77.30

86.05

117.30

Medical

62.32

73.03

105.33

Others

34.39

35.90

46.43

Total

362.95

410.52

569.98

Updated on 11/20/2024
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