Market Dynamics: Competitive Landscape of Bookbinding Adhesives
The bookbinding industry plays a pivotal role in supporting publishing and printing enterprises, making adhesives a crucial component for binding different types of books and printed materials. In this article, we will delve into the key findings from our recent market research on bookbinding adhesives, highlighting the factors driving market growth and the emerging trends that are shaping its future. bookbinding adhesives market size was USD 1.8 billion in 2022 and is projected to grow at a CAGR of 2.2% during the forecast period to reach USD 2.1 Billion by 2027.
Major players operating in the global bookbinding adhesives market include Henkel AG (Germany), H.B. Fuller Company (US), Arkema (France), Dow Chemical Company (US).
Browse 133 market data Tables and 33 Figures spread through 178 Pages and in-depth TOC on “Bookbinding Adhesives Market by Technology (Emulsion based, Hot melt), Chemistry (PVA, VAE, EVA, PUR), and Applications (Hardcover and Softcover Books, Magazines and Catalogs, Print on Demand), and Region – Global Forecast to 2027”
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Bookbinding Adhesives Market Trending Key Players
Major players operating in the global bookbinding adhesives market include
Henkel AG (Germany)
H.B. Fuller Company (US)
Arkema (France)
Dow Chemical Company (US)
Growing Demand for Sustainable Solutions
In recent years, there has been a significant shift towards sustainability across various industries, and the bookbinding sector is no exception. Consumers, publishers, and printers are increasingly seeking eco-friendly and recyclable adhesives that do not compromise the quality and durability of the bound books. This growing demand for sustainable solutions has led adhesive manufacturers to invest heavily in research and development to produce bio-based and environmentally friendly bookbinding adhesives.
Technological Advancements Enhancing Product Performance
Technological advancements in adhesive formulation and application methods have been pivotal in improving the performance of bookbinding adhesives. The development of hot melt adhesives, polyurethane adhesives, and reactive hot melts has revolutionized the bookbinding industry by offering enhanced bonding strength, flexibility, and resistance to aging. These advancements not only improve the overall quality of the bound books but also extend their lifespan.
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Digitalization Impact on Bookbinding Adhesives
The rise of digitalization and e-books has affected the bookbinding industry, leading to a slight decline in traditional book consumption. However, the physical book market remains resilient due to the unique sensory experience that physical books provide. This shift towards digital books has also influenced adhesive manufacturers to develop specialized adhesives for digital print materials, catering to the specific needs of the printing and publishing sector.
Growing Education Sector Driving Demand
The global education sector has been witnessing steady growth, resulting in an increased demand for textbooks and other educational materials. This surge in demand has a direct impact on the bookbinding adhesives market, as educational institutions, publishers, and bookbinding companies seek reliable and high-quality adhesives to ensure the longevity and durability of educational materials.
Hardcover & softcover books is expected to account for the largest share of in the bookbinding adhesives market, by Applications, during the forecast period, in terms of value and volume.
Based on applications, Hardcover & softcover books is estimated to account for the largest share of the market during the forecast period. The growth in the demand for printed books and the development of the educational institutions in the Asia Pacific region are expected to boost the bookbinding adhesives market in the region. China and India are likely to generate a positive impact on the bookbinding adhesive market.
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Regional Market Dynamics
Asia – Pacific bookbinding adhesive market is projected to register the largest market share during the forecast period. The bookbinding adhesives market is witnessing significant regional variations, influenced by factors such as economic growth, literacy rates, and technological adoption. Developing regions, such as Asia-Pacific and Latin America, are experiencing robust growth due to increasing literacy rates and expanding publishing industries. In contrast, mature markets like North America and Europe are focusing on technological advancements and sustainable adhesives to cater to the evolving demands of consumers.
Challenges Faced by the Industry
Despite the promising growth prospects, the bookbinding adhesives market faces certain challenges. Fluctuating raw material prices and environmental regulations pose hurdles for manufacturers, as they need to strike a balance between cost-efficiency and sustainability. Additionally, competition from alternative binding methods, such as spiral binding and stitch binding, continues to pose a threat to the traditional bookbinding industry.
The report provides insights on the following pointers:
Market Penetration: Comprehensive information on the product portfolios of the top players in the bookbinding adhesive market.
Product Development/Innovation: Detailed insights on the upcoming technologies, R&D activities, and product launches in the market.
Competitive Assessment: In-depth assessment of the market strategies, geographic and business segments of the leading players in the market.
Market Development: Comprehensive information about emerging markets. This report analyzes the market for various segments across geographies.
Market Diversification: Exhaustive information about new products, untapped geographies, recent developments, and investments in the bookbinding adhesive market.
TABLE OF CONTENTS
1 INTRODUCTION (Page No. - 18)
1.1 STUDY OBJECTIVES
1.2 MARKET DEFINITION
1.3 STUDY SCOPE
1.3.1 MARKETS COVERED
FIGURE 1 BOOKBINDING ADHESIVES MARKET SEGMENTATION
1.3.2 REGIONS COVERED
1.3.3 MARKET INCLUSIONS AND EXCLUSIONS
1.3.3.1 Market inclusions
1.3.3.2 Market exclusions
1.3.4 YEARS CONSIDERED
1.4 CURRENCY CONSIDERED
1.5 UNIT CONSIDERED
1.6 STAKEHOLDERS
2 RESEARCH METHODOLOGY (Page No. - 22)
2.1 RESEARCH DATA
FIGURE 2 BOOKBINDING ADHESIVES MARKET: RESEARCH DESIGN
2.1.1 SECONDARY DATA
2.1.1.1 Key data from secondary sources
2.1.2 PRIMARY DATA
2.1.2.1 Key primary data sources
2.1.2.2 Key data from primary sources
2.1.2.3 Key industry insights
2.1.2.4 Breakdown of primary interviews
2.2 MARKET SIZE ESTIMATION APPROACH
2.2.1 TOP-DOWN APPROACH
FIGURE 3 MARKET SIZE ESTIMATION: TOP-DOWN APPROACH
FIGURE 4 BOOKBINDING ADHESIVES MARKET SIZE ESTIMATION, BY VALUE
FIGURE 5 BOOKBINDING ADHESIVES MARKET SIZE ESTIMATION, BY REGION
FIGURE 6 BOOKBINDING ADHESIVES MARKET, BY CHEMISTRY
FIGURE 7 BOOKBINDING ADHESIVES MARKET SIZE ESTIMATION, BY TECHNOLOGY
FIGURE 8 BOOKBINDING ADHESIVES MARKET SIZE ESTIMATION: BOTTOM-UP APPROACH, BY APPLICATION
FIGURE 9 BOOKBINDING ADHESIVES MARKET SIZE ESTIMATION, BY APPLICATION
2.3 MARKET FORECAST APPROACH
2.3.1 SUPPLY-SIDE FORECAST
FIGURE 10 BOOKBINDING ADHESIVES MARKET: SUPPLY-SIDE FORECAST
FIGURE 11 METHODOLOGY FOR SUPPLY-SIDE SIZING OF BOOKBINDING ADHESIVES MARKET
2.3.2 DEMAND-SIDE FORECAST
FIGURE 12 BOOKBINDING ADHESIVES MARKET: DEMAND-SIDE FORECAST
2.4 FACTOR ANALYSIS
FIGURE 13 FACTOR ANALYSIS OF BOOKBINDING ADHESIVES MARKET
2.5 DATA TRIANGULATION
FIGURE 14 BOOKBINDING ADHESIVES MARKET: DATA TRIANGULATION
2.6 ASSUMPTIONS & LIMITATIONS
TABLE 1 RESEARCH ASSUMPTIONS
TABLE 2 RESEARCH LIMITATIONS
2.7 GROWTH RATE ASSUMPTIONS/GROWTH FORECAST
3 EXECUTIVE SUMMARY (Page No. - 35)
TABLE 3 BOOKBINDING ADHESIVES MARKET SNAPSHOT, 2022 VS. 2027
FIGURE 15 MAGAZINES AND CATALOGS APPLICATION TO LEAD MARKET DURING FORECAST PERIOD
FIGURE 16 ETHYLENE VINYL ACETATE (EVA) SEGMENT TO DOMINATE BOOKBINDING ADHESIVES MARKET DURING FORECAST PERIOD
FIGURE 17 ASIA PACIFIC LED GLOBAL BOOKBINDING ADHESIVES MARKET IN 2021
4 PREMIUM INSIGHTS (Page No. - 38)
4.1 ATTRACTIVE OPPORTUNITIES FOR PLAYERS IN BOOKBINDING ADHESIVES MARKET
FIGURE 18 EMERGING ECONOMIES TO OFFER LUCRATIVE GROWTH OPPORTUNITIES FOR MARKET PLAYERS
4.2 BOOKBINDING ADHESIVES MARKET, BY CHEMISTRY
FIGURE 19 EVA TO ACCOUNT FOR LARGEST SHARE DURING FORECAST PERIOD
4.3 BOOKBINDING ADHESIVES MARKET, DEVELOPED VS. EMERGING ECONOMIES
FIGURE 20 EMERGING ECONOMIES TO GROW FASTER THAN DEVELOPED ECONOMIES
4.4 BOOKBINDING ADHESIVES MARKET, BY APPLICATION AND KEY COUNTRIES
FIGURE 21 HARDCOVER & SOFTCOVER BOOKS SEGMENT TO ACCOUNT FOR LARGEST MARKET SHARE
4.5 BOOKBINDING ADHESIVES MARKET, BY MAJOR COUNTRIES
FIGURE 22 INDIA TO REGISTER HIGHEST CAGR DURING FORECAST PERIOD
5 MARKET OVERVIEW (Page No. - 41)
5.1 INTRODUCTION
5.2 TYPES OF BOOKBINDING ADHESIVES
5.2.1 EMULSION-BASED BOOKBINDING ADHESIVES
5.2.2 HOT MELT BOOKBINDING ADHESIVES
5.2.2.1 Ethylene vinyl acetate (EVA)
5.2.2.2 Styrene block copolymers (SBC)
5.3 VALUE CHAIN OVERVIEW
TABLE 4 BOOKBINDING ADHESIVES MARKET: SUPPLY CHAIN ECOSYSTEM
5.4 MARKET DYNAMICS
5.4.1 DRIVERS
5.4.1.1 Increase in demand for physical books
5.4.1.2 High demand in DIY applications
5.4.2 RESTRAINTS
5.4.2.1 Availability of online resources for educational purposes
5.4.3 OPPORTUNITIES
5.4.3.1 Technological advancements
5.4.4 CHALLENGES
5.4.4.1 Volatility in raw material prices
5.5 PORTER’S FIVE FORCES ANALYSIS
TABLE 5 BOOKBINDING ADHESIVES MARKET: PORTER’S FIVE FORCES ANALYSIS
5.5.1 THREAT OF NEW ENTRANTS
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