(MENAFN- GetNews) ![]( "Bookbinding Materials Market<br/>")
The bookbinding materials market is projected to grow from USD 8.3 billion in 2023 to USD 9.5
billion by 2028, at a CAGR of 2.3% between 2023 and 2028. The driving factors for bookbinding materials include the growing publishing industry, expanding education sectors, and Increasing demand for printed materials. As the publishing industry continues to flourish globally, there is a heightened need for durable and visually appealing books and publications, thereby propelling the demand for high-quality bookbinding materials. Additionally, the expanding education sector, characterized by the rise in educational institutions and literacy rates, is fueling the requirement for a wide range of educational materials, including textbooks, workbooks, and reference materials, driving the consumption of bookbinding materials further. Moreover, the persistent demand for printed materials, such as magazines, catalogs, and newspapers, owing to the tactile and immersive reading experience they offer, is contributing to the continuous growth of the bookbinding materials market.
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The major players operating in the bookbinding materials
market include Henkel AG (Germany), H.B. Fuller (US), Arkema (US), The Dow Chemical Company (US), UPM Global (Finland), and others.
Henkel AG:
Henkel AG & Co KGaA is a global manufacturer and distributor of a diverse range of consumer and industrial goods. Their product line includes adhesives, sealants, coatings, care products, and various cleaning agents. Henkel markets these products under well-known brand names such as Persil, Purex, Pril, Dial, and Schwarzkopf, among others. The company caters to multiple industries, serving manufacturers in the fields of books and magazines, computers, furniture, textiles, and packaging. Headquartered in Dusseldorf, Germany, Henkel operates on a global scale, conducting business operations worldwide.
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In June 2022,
Henkel expanded its production capabilities in Mexico by opening a new state-of-the-art plant for hot-melt adhesives in Guadalupe, Nuevo Leon. The new facility has been designed primarily for manufacturing pressure-sensitive and non-pressure-sensitive hot melts under the leading Technomelt brand.
H.B. Fuller:
H.B. Fuller Co is a renowned developer, producer, and distributor of adhesives, sealants, and specialty chemical solutions. The company's extensive product range serves various sectors, including residential construction, electronics, medical, transportation, packaging, and more. With a strong focus on customer satisfaction, H.B. Fuller provides tailored technical support and customized products to meet specific industry requirements. Its market outreach spans across North America, Europe, Latin America, Asia-Pacific, India, the Middle East, and Africa, with its headquarters situated in St. Paul, Minnesota, in the United States.
In 2017,
H.B. Fuller announced the opening of a new office in Dubai. This new office is expected to support the company's increasing base of customers in the Middle East and also offer manufacturers an alternative source for adhesives & sealants in the region.
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