Growing demand for Print on Demand is expected to drive the Global Bookbinding Adhesives market in the forecast period 2024-2028. According to TechSci Research report, “Bookbinding Adhesives Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028”, The Global Bookbinding Adhesives Market is anticipated to upsurge at an impressive rate in the forecast period 2024-2028.
The Important Factors of the Global Bookbinding Adhesives Market
A significant factor fueling the growth of the Bookbinding Adhesives market is the increase in the production of hardcover & softcover books due to their enhanced durability and stability properties. Additionally, the use of bookbinding adhesives increases due to the rising in increasing demand for home decor goods and also the expansion of print-on-demand services resulting in the growth of the Global Bookbinding Adhesives market.
For instance, according to WordsRated 205 million books were sold in Q1 and 237 million books sold in Q2 of 2021. With the increasing demand for bio-based adhesives, the growth of the Bookbinding Adhesives Market will be fueled in the future.
Furthermore, the market is being further stimulated by the extensive use of Bookbinding Adhesives due to the rising demand for DIY applications.
However, the fluctuation in raw material prices and availability of online resources can further slow down market growth.
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Global Bookbinding Adhesives Market is segmented based on technology, chemistry, application, and region.
Based on technology, the market is categorized into the emulsion-based and hot melt. Hot Melt is expected to hold the largest market share in the forecast period, 2024-2028. Hot Melt is utilized in various applications including bookbinding and DIY, due to its wide range of adhesion materials and surface offering.
Based on chemistry, the market is fragmented into polyvinyl acetate, ethylene vinyl acetate, Polyurethane, and others. Polyurethane is expected to hold the largest market share in the forecast period, 2024-2028. Polyurethane is utilized in various applications due to its great flexibility, outstanding cohesive strength, as well as availability in various viscosity ranges.
Based on application, the market is segmented into hardcover and softcover books, magazines, catalogs, print-on-demand, and others. The Hardcover and Softcover books segment will experience the highest market share during the forecast period. This can be attributed due to the continued development in the sales of physical books across the world.
Major companies operating in the Global Bookbinding Adhesives Market are:
- Henkel AG & Co. KGAA
- Dow Inc.
- HB Fuller Co
- Klebchemie M. G. Becker GmbH Co. & KG
- Arkema S.A.
- Chemline India Limited
- Cherng Tay Technology Co., Ltd.
- Tex Year Industries Inc.
- Eastman Chemical Co.
- Pidilite Industries Limited
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“Asia Pacific region is expected to grow at the highest rate during the forecast period. Continuous growth in the production and strong demand for adhesive goods, as well as rising exports of bookbinding adhesives, particularly in emerging nations, rising product innovation, and significant industry consolidation. Moreover, in North America, early acceptance of innovative technology and an increase in the use of different types of hot melt adhesives because of their capacity to offer high thermal stability, lower costs, and produce a smooth finish is increasing the demand,” said Mr. Karan Chechi, Research Director with TechSci Research, a research-based global management consulting firm.
“Bookbinding Adhesives Market – Global Industry Size, Share, Trends, Opportunity, and Forecast, 2018-2028 Segmented By Technology (Emulsion-based, Hot Melt), By Chemistry (Polyvinyl Acetate, Ethylene Vinyl Acetate, Polyurethane, Others), By Application (Hardcover and Softcover Books, Magazines and Catalogue, Print on Demand, Others), By Region and Competition, has evaluated the future growth potential of global Bookbinding Adhesives market and provides statistics & information on market size, structure, and future market growth. The report intends to provide cutting-edge market intelligence and help decision-makers take sound investment decisions. Besides, the report also identifies and analyzes the emerging trends along with essential drivers, challenges, and opportunities in the Global Bookbinding Adhesives Market.”
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