The Paper Pigments Market
is estimated to be USD 13.52 billion in 2018 and is projected to reach USD
17.72 billion by 2023, at a CAGR of 5.6% from 2018 to 2023.
Browse 80
market data Tables and 36 Figures spread through 104 Pages and
in-depth TOC on "Paper Pigments Market by Type (Calcium Carbonate and
Kaolin), Application (Coated Paper and Uncoated Paper), and Region (APAC, North
America, Europe, and RoW (Middle East & Africa and South America)) - Global
Forecast to 2023".
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The use of paper as a renewable
and recyclable product is expected to increase owing to the growing
environmental regulations. Thus, the paper pigments market is expected to
witness high growth during the forecast period. Moreover, quality norms in the
paper industry are also expected to propel the demand for high quality coated
paper, which in turn, are expected to drive the demand for paper pigments as
coating materials.
By type, calcium carbonate is projected to be the largest
and the fastest-growing type of paper pigment. It is the cheapest and the most
effective paper pigment and also provides 95.0% brightness to paper. Calcium
carbonate is expected to be the most widely used type in the fastest-growing APAC
market. In addition, growing need for high-quality paper has fueled the use of calcium carbonate.
By application, coated paper is
the largest and the fastest-growing application of paper pigments. High growth
in commercial publishing has propelled the demand for paper pigments in coated
paper. Whiteness and paper surface determine the quality of paper. Higher loading of paper pigments provides
better whiteness and paper quality. Hence, increased loading of paper pigments to
meet quality requirements is expected to lead to usage in large quantities in future.
Asia
Pacific (APAC) is projected to be the largest and the fastest-growing market
for paper pigments. The APAC paper pigments industry is experiencing high
growth and witnessing increasing investments to meet the demand from the paper
industry.
APAC accounts for approximately
half the global demand for paper (48.0% in 2016), driving the demand for paper
pigments. Factors such as urbanization, increasing disposable incomes, and
economic growth are driving the paper packaging industry, which in turn, is projected
to drive the paper industry as well as the paper pigments market.
Omya has majorly adopted investments
& expansions and agreements, partnerships & joint ventures strategies to grow in the paper
pigments market. In November 2017, Omya planned expansion in Western India at 2 sites, Surat and Taloja. This development is
expected to help meet the demand for paper pigments in India.
Reference:
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