The global bookbinding adhesives market size is expected to reach USD 2,237.88 million by 2030, according to a new study by Polaris Market Research. The report “Bookbinding Adhesives Market Share, Size, Trends, Industry Analysis Report, By Technology Type (Emulsion-based and Hot Melt); By Chemistry Type; By Application; By Region; Segment Forecast, 2022-2030” gives a detailed insight into current market dynamics and provides analysis on future market growth.
Continuously growing need and demand for physical books from various education institutions mainly from countries like India and China and high technological development and innovations in the adhesive industry across the globe are major factors driving the market growth. In addition, the extensive growth of various end-use industries and growing population coupled with the rising efforts by government and private organizations on the development and expansion of their production capabilities and product quality is influencing the market growth.
For instance, in June 2022, Henkel announced the opening of its new manufacturing plant of hot melt adhesive in Nuevo Leon, Mexico. It will manufacture both pressure-sensitive and non-pressure-sensitive hot melts under the company’s brand Technomelt. The product manufactured in the facility will be used in a variety of applications including bookbinding, self-adhesive labels, and heat-sealed.
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The growing popularity of polyolefin-related products due to their good barrier properties, excellent chemical resistance, and low moisture permeability coupled with the high deployment in nonwoven product manufacturing and many other related industries are likely to have a positive impact on market growth. Moreover, the increasing prevalence of bio-based and plant-based hot melt adhesives in developed countries like the United States and Germany owing to their high sustainability is fueling the product demand.
For instance, in March 2022, Conagen announced the launch of its new bio-based dependable hot melt adhesives, which are made from natural bio-molecules and high-performance materials. This offers manufacturers adhesive solutions to reduce and avoid waste and save cost in the manufacturing process and comes with various advantages like long-lasting and strong performance.
Bookbinding Adhesives Market Report Highlights
Polaris Market Research has segmented the bookbinding adhesives market report based on technology type, chemistry type, application, and region:
Bookbinding Adhesives, Technology Type Outlook (Revenue - USD Million, 2018 - 2030)
Bookbinding Adhesives, Chemistry Type Outlook (Revenue - USD Million, 2018 - 2030)
Bookbinding Adhesives, Application Outlook (Revenue - USD Million, 2018 - 2030)
Bookbinding Adhesives, Regional Outlook (Revenue - USD Million, 2018 - 2030)