Bookbinding Materials Market by Binding Type (Adhesive Bonded, Mechanically Bonded), Material Type (Paper Cover Materials, Leather, Adhesives, Cloth/Fabric/Spine Reinforcing Materials, Cover Boards), Application, & Region - Global Forecast to 2028
The bookbinding materials market is projected to grow from USD 8.5 billion in 2023 to USD 9.5 billion by 2028, at a CAGR of 2.3% between 2023 and 2028. The magazine and catalogs, by application segment in Asia Pacific region is expecting a boom in the forecasted period and will lead to an increase in the demand for bookbinding materials.
Attractive Opportunities in the Bookbinding Materials Market
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Source: Expert Interviews, Secondary Sources, and MarketsandMarkets Analysis
Bookbinding Materials Market Dynamics
Drivers: Growing demand for physical books
The bookbinding materials market is experiencing a significant surge attributed to the growing demand for physical books, despite the increasing popularity of digital reading platforms. This resurgence is largely fueled by a renewed appreciation for the tactile and immersive experience offered by physical books, which has led to a sustained demand for high-quality and visually appealing printed publications. As readers continue to cherish the unique sensory engagement provided by physical books, the need for durable and aesthetically pleasing bookbinding materials has become paramount.
Restraints: Availability of online resource for educational purpose
The bookbinding materials market faces potential constraints due to the increasing availability of online educational resources. As digital platforms offer convenient and accessible alternatives for accessing educational materials, the demand for traditional printed books and related bookbinding materials may experience a slowdown. The ease of online access to a vast array of educational content, including e-books, digital journals, and interactive learning modules, has shifted the preferences of students and educators towards digital resources.
Opportunities: Growing Publishing and education sector
The flourishing publication and education sectors present significant opportunities for the bookbinding materials market. With an increasing emphasis on literacy and education worldwide, the demand for high-quality printed materials, including textbooks, reference materials, and academic publications, continues to expand. This burgeoning demand has created a favorable environment for the bookbinding materials market, driving the need for durable and visually appealing binding solutions that can withstand frequent use and handling.
Challenges: Volatility in raw material prices
Fluctuations in the prices of key raw materials, such as adhesives, paper, and cover materials, have a direct impact on the overall production costs within the bookbinding industry. As a result, manufacturers and publishers often grapple with the challenge of maintaining stable pricing for end products while coping with the unpredictable shifts in raw material costs.
Bookbinding Materials Market Ecosystem
Prominent companies in this market include well established , financially stable manufactures of Bookbinding Materials. These companies have been operating in the market for several years and posses a diversified product portfolio and strong global sales and marketing networks. Prominent companies in the market include Henkel AG (Germany), H.B. Fuller (US), Arkema (US), The Dow Chemical Company (US), and UPM Global (Finland).
Magazine and catalogs by application accounted for the highest share of the global bookbinding materials market in terms of value
Magazines and catalogs, by application, account for the highest market share in the bookbinding materials market. This dominant position is primarily attributable to the consistent demand for visually appealing and durable materials within the publishing industry. With the global popularity of magazines and catalogs as essential marketing and informational tools, the need for high-quality bookbinding materials, including strong adhesives, durable covers, and premium paper, remains paramount. Moreover, the versatile nature of magazines and catalogs, catering to diverse audiences and industries, continues to drive the demand for customized and innovative binding solutions, consolidating their significant share in the overall bookbinding materials market.
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In Asia Pacific, India is the fastest-growing bookbinding materials market.
The country's robust publishing industry, driven by an increasing focus on literacy and educational development, has led to a significant demand for high-quality books and printed materials. This surge in demand has propelled the need for durable and visually appealing bookbinding materials to support the flourishing publishing sector. India’s rapid industrialization and expanding manufacturing base, especially in sectors such as textiles, packaging, and electronics, have fostered a heightened demand for specialized adhesives, coatings, and binding materials. This has significantly contributed to the country's accelerated growth in the bookbinding materials market.
Key Market Players
Henkel AG (Germany), H.B. Fuller (US), Arkema (US), The Dow Chemical Company (US), and UPM Global (Finland) are the key players in the global bookbinding materials market.
Arkema SA is a company specializing in the production of advanced materials and specialty chemicals. It offers a diverse range of products including adhesives, biobased materials, coatings, composites, and solutions for healthcare and sports equipment. Its product line encompasses technical polymers, organic peroxides, filtration and adsorption materials, thiochemicals, fluorogases, acrylics, and more. These products cater to a wide array of industries such as automotive, construction, consumer goods, healthcare, packaging, and water treatment. With its presence in the US, Europe, Canada, Mexico, and Asia, Arkema operates on a global scale, with its headquarters situated in Colombes, France.
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Report Metric |
Details |
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Market size available for years |
2021-2028 |
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Base year considered |
2022 |
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Forecast Period |
2023-2028 |
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Forecast Units |
Value (USD million/billion) |
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Segments Covered |
By Binding Type, By Binding Material, By Application, By Region |
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Geographies Covered |
Asia Pacific, Europe, North America, Middle East & Africa and South America |
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Companies covered |
Henkel AG (Germany), H.B. Fuller (US), Arkema (US), The Dow Chemical Company (US), and UPM Global (Finland) |
Based on binding type, the bookbinding materials market has been segmented as follows:
- Adhesive Bonded
- Mechanically Bonded
Based on application, the bookbinding materials market has been segmented as follows:
- Education Books
- Hardcover and Softcover Books
- Magazines and Catalogs
- Diploma Covers and Yearbooks
- Journals
- Others
Based on material type, the bookbinding materials market has been segmented as follows:
- Paper Cover Materials
- Leather
- Adhesives
- Cloth/Fabric/Spine Reinforcing Materials
- End sheets
- Cover Boards
- Others
Based on the region, the bookbinding materials market has been segmented as follows:
- Asia Pacific
- Europe
- North America
- Middle East & Africa
- South America
Recent Developments
- In July 2022, Arkema acquired Permoseal (South Africa), a leading provider of adhesive solutions for DIY, packaging, and construction. Permoseal's brand complements Bostik's offerings in the country. This acquisition strengthened its position in South Africa and Sub-Saharan Africa's dynamic industrial, construction, and DIY markets.
Frequently Asked Questions (FAQ):
What are the growth driving factors of bookbinding materials market?
Growing Publishing industry and demand for physical book driving the market.
What are the major applications for bookbinding materials coatings?
The major applications of bookbinding materials are Education Books, Hardcover and Softcover Books, Magazines and Catalogs, Diploma Covers and Yearbooks, Journals, and Others.
Who are the major manufacturers?
Henkel AG (Germany), H.B. Fuller (US), Arkema (US), The Dow Chemical Company (US), and UPM Global (Finland), are some of the leading players operating in the global bookbinding materials market.
What are the reasons behind bookbinding materials gaining market share?
bookbinding materials are gaining market share due to growing publishing industry in Asia Pacific region.
Which is the largest region in the bookbinding materials market?
Asia Pacific is the largest region in bookbinding materials market. .
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The study involved four major activities in order to estimating the current size of the bookbinding materials market. Exhaustive secondary research conducted to gather information on the market. The next step was to conduct primary research to validate these findings, assumptions, and sizing with the industry experts across the value chain. Both top-down and bottom-up approaches were used to estimate the total market size. The market size of segments and subsegments was then estimated using market breakdown and data triangulation.
Secondary Research
Secondary sources include annual reports of companies, press releases, investor presentations, white papers, articles by recognized authors, and databases, such as D&B, Bloomberg, Chemical Weekly, and Factiva; and publications and databases from associations, including Association of European Adhesives and Sealants (FEICA), British Adhesives and Sealants Association (BASA), Adhesives and Sealants Manufacturers Association of Canada (ASMAC), Japan Adhesive Industry Association (JAIA), American Forest & Paper Association, National Paper Trade Association, and the Adhesive And Sealant Council (ASC).
Primary Research
Extensive primary research was carried out after gathering information about bookbinding materials market through secondary research. In the primary research process, experts from the supply and demand sides have been interviewed to obtain qualitative and quantitative information and validate the data for this report. Questionnaires, emails, and telephonic interviews were used to collect primary data. Primary sources from the supply side include industry experts, such as chief executive officers (CEOs), vice presidents (VPs), marketing directors, technology and innovation directors, and related key executives from various key companies and organizations operating in the bookbinding materials market. Primary interviews were conducted to elicit information such as market statistics, revenue data collected from the products and services, market breakdowns, market size estimations, market forecasting, and data triangulation. Primary research also assisted in comprehending the various trends associated to binding type, material type, applications, and region.
The breakup of Primary Research:
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CoMPANY NAME |
DESIGNATIOn |
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H.B. Fuller |
Sales Manager |
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Henkel AG |
Project Manager |
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Pidilitie Industries Ltd. |
Individual Industry Expert |
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UPM Global |
Manager |
Market Size Estimation
The following information is part of the research methodology used to estimate the size of the bookbinding materials market. The market sizing of the bookbinding materials market was undertaken from the demand side. The market size was estimated based on market size for bookbinding materials in various application.
Global Bookbinding Materials Market Size: Bottom Up Approach
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Global Bookbinding Materials Market Size: Top-Down Approach
Data Triangulation
After arriving at the overall market size, the market has been split into several segments.To complete the overall market engineering process and arrive at the exact statistics for all segments, the data triangulation and market breakdown procedures have been employed, wherever applicable. The data was triangulated by studying various factors and trends from the demand and supply sides. Along with this, the market size was validated using both the top-down and bottom-up approaches.
Market Definition
The bookbinding materials market includes paper cover materials, leather, adhesives, cloth/fabric/spine reinforcing materials, end sheets, and cover boards. These materials are used in the process of bookbinding. They are essential for creating durable, visually appealing, and well-structured books, whether for commercial printing, self-publishing, educational institutions, or other specialized purposes.
Key Stakeholders
- End User
- Raw Material Suppliers
- Senior Management
- Procurement Department
Report Objectives
- To define, describe, segment, and forecast the size of the bookbinding materials market based on type, application, end use and region.
- To forecast the market size of segments with respect to various regions, including North America, Europe, Asia Pacific, middle east & Africa and South America along with major countries in each region
- To identify and analyze key drivers, restraints, opportunities, and challenges influencing the growth of the bookbinding materials market
- To analyze technological advancements and product launches in the market
- To strategically analyze micromarkets, with respect to their growth trends, prospects, and their contribution to the market
- To identify financial positions, key products, and key developments of leading companies in the market
- To provide a detailed competitive landscape of the market, along with market share analysis
- To provide a comprehensive analysis of business and corporate strategies adopted by the key players in the market
- To strategically profile key players in the market and comprehensively analyze their core competencies
Available Customizations
MarketsandMarkets offers the following customizations for this market report:
- Additional country-level analysis of the bookbinding materials market
- Profiling of additional market players (up to 5)
Product Analysis
- Product matrix, which provides a detailed comparison of the product portfolio of each company in the bookbinding materials Market
Growth opportunities and latent adjacency in Bookbinding Materials Market