Paper Coating Materials Market: Global Industry Analysis and Opportunity Assessment 2015-2025
Paper coating materials are various compounds that are used to coat the paper in order to improve and enhance its glossy appearance, brightness, opacity, and ink absorption characteristics. There are several chemicals such as Silicate of Magnesia, Calcium Magnesium Carbonate and Alganic acid which are used to prepare the paper coating materials.
The demand for paper coating material market is influenced by the growing consumption of paper for various purposes such as Packaging, office paper, stationery, corrugated boxes, wallpaper and bookbinding. Paper coating materials are available globally owing to its increasing demand across the world and anticipated to project a remarkable growth during the forecast period 2015-2025.
Paper Coating Materials Market: Drivers & Restraints
The paper coating material market is anticipated to show significant growth with a single digit CAGR.
The technological advancement in paper coating process, various advantages offered by the paper coating materials and emerging markets especially in Asia Pacific region, are expected to drive the paper coating material market with exponential growth rate during the forecast period 2015-2025.
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However, the increased use of electronic gadgets and applications such as smartphones, computers, e-book and e-newspaper has reduced the use of paper which might hinder the growth of paper coating material market.
Paper Coating Materials Market: Segmentation
The paper coating material market is broadly classified into nine segments on the basis of product type
Ground calcium carbonate (GCC)
Precipitated calcium carbonate (PCC)
Each type of paper coating material mentioned, has its own properties and applications. For instance, Kaolin clay is used as filler in the paper coating process whereas SB latex and Starch are used for binding.
Amongst all paper coating material type, GCC is anticipated to project a significant growth during the forecast period 2015-2025, due to its lower cost, efficient fiber substitution property, print saturation density and low viscosity characteristic.
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The paper coating material market is broadly classified into five segments on the basis of end use industries
Corrugated boxes industry
Amongst all segments binding industry and corrugated box industry segments are anticipated to show significant growth during the forecast period 2015-2025.
The paper coating material market is broadly classified into five segments on the basis of applications
Paper Coating Materials Market: Regional Outlook
Depending on geographic regions, global paper coating material market is segmented into seven key regions: North America, South America, Eastern Europe, Western Europe, Asia Pacific, Japan, and Middle East & Africa.
Asia Pacific region dominated the global paper coating material market followed by North America and Western Europe in terms of market revenue. Asia Pacific region is expected to be the fastest growing region during the forecast due to the emerging markets in this region such as China, South Korea and Japan.
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Paper Coating Materials Market: Key Players
Omya AG (Switzerland), Michelman Inc. (The Netherlands), Archroma (Switzerland), Imerys S.A. (France), DuPont (USA), Dow Company (Michigan), Penford Corporation (U.S.), and BASF (Germany) are the major players in global paper coating material market. With the adoption of various strategies such as strong research and development, launching of new products and active strategic adoption, these companies have dominated the global paper coating material market.