“Global Paper Coating Materials Market to reach a market value of USD 2.9 Billion by 2030 growing at a CAGR of 4.7%”
The Global Paper Coating Materials Market size is expected to reach $2.9 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,817.8 kilo tonnes, experiencing a growth of 1.8% (2019-2022).
Precipitated calcium carbonate is known for its controlled and fine particle size distribution. Therefore, the precipitated calcium carbonate (PCC) segment acquired $188.1 million revenue in 2022. Also, France would utilize 17.13 kilo tonnes of Precipitated calcium carbonate in 2030. This characteristic contributes to superior coating properties, including smoothness and consistency. The fine particle size of PCC translates into improved print quality, allowing for sharper and more detailed printing.
The discerning modern consumer places a premium on products that embody environmental stewardship. As a result, there is a pronounced uptick in the demand for paper-based packaging materials with coatings that bear eco-friendly insignia, reflecting the broader shift towards sustainable consumption patterns. Thus, these factors can help in the growth of the paper coating materials market.
Additionally, the market is undergoing a profound transformation fueled by continuous advancements in coating technologies. Manufacturers are at the forefront of this innovation, steering the industry towards new horizons by developing coatings endowed with enhanced functionalities. Therefore, these aspects will increase the demand for paper coating materials in the coming years.
However, the paper coating materials market is highly dependent on key inputs, including minerals, chemicals, and polymers, which are essential for manufacturing. Constant fluctuations in the price of basic materials are attributable to disruptions in the supply chain, geopolitical events, and global economic conditions. Hence, these aspects can hamper the growth of the paper coating materials market.
The calcium carbonate is bifurcated into ground calcium carbonate (GCC) and precipitated calcium carbonate (PCC). The ground calcium carbonate (GCC) segment recorded the maximum revenue share in the market in 2022. Ground calcium carbonate contributes significantly to the opacity and whiteness of paper coatings.
Based on end use, the market is segmented into binding, stationary, packaging, corrugated boxes, and others. The packaging segment held the largest 41% revenue share in the market in 2022. The rise of online shopping has necessitated reliable and durable packaging solutions, prompting manufacturers to seek advanced paper coating materials that provide both protection and visual appeal for products during transit.
By coating type, the market is segmented into single-side and double-side. The single-side segment recorded the maximum 64.3% revenue share in the market in 2022. Single-side coating allows for the application of coating material only on one side of the paper, reducing the overall cost compared to double-side coating, where both sides of the paper are coated.
On the basis of material type, the market is divided into calcium carbonate, kaolin clay, titanium dioxide, starch, and others. In 2022, the titanium dioxide segment witnessed a substantial 15% revenue share in the market. Titanium dioxide's light-scattering properties contribute to its effectiveness in improving the brightness and reflectivity of paper coatings.
Free Valuable Insights: Global Paper Coating Materials Market size to reach USD 2.9 Billion by 2030
By region, the market is segmented into North America, Europe, Asia Pacific, and LAMEA. The Asia Pacific segment procured the 47% revenue share in the market in 2022. The Asia Pacific region has been a powerhouse for global economic growth and industrialization.
| Report Attribute | Details |
|---|---|
| Market size value in 2022 | USD 2 Billion |
| Market size forecast in 2030 | USD 2.9 Billion |
| Base Year | 2022 |
| Historical Period | 2019 to 2021 |
| Forecast Period | 2023 to 2030 |
| Revenue Growth Rate | CAGR of 4.7% from 2023 to 2030 |
| Number of Pages | 414 |
| Number of Table | 910 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2019 to 2030 |
| Report coverage | Market Trends, Revenue Estimation and Forecast, Segmentation Analysis, Regional and Country Breakdown, Porter’s 5 Forces Analysis, Company Profiling, Companies Strategic Developments, SWOT Analysis, Winning Imperatives |
| Segments covered | Coating Type, Material Type, End Use, Region |
| Country scope |
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| Companies Included | Asia Pulp and Paper Group Sinar Mas, Eastman Chemical Company, The Dow Chemical Company, BASF SE, FKuR Kunststoff GmbH, Celanese Corporation, Stora Enso Oyj (FAM AB), DuPont de Nemours, Inc., Michelman, Inc., ATS Techno Pvt. Ltd. |
By Coating Type (Volume, Killo Tonnes, USD Billion, 2019-2030)
By Material Type (Volume, Killo Tonnes, USD Billion, 2019-2030)
By End Use (Volume, Killo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Killo Tonnes, USD Billion, 2019-2030)
This Market size is expected to reach $2.9 billion by 2030.
Growing demand for sustainable solutions are driving the Market in coming years, however, Issues about raw material price volatility restraints the growth of the Market.
Asia Pulp and Paper Group Sinar Mas, Eastman Chemical Company, The Dow Chemical Company, BASF SE, FKuR Kunststoff GmbH, Celanese Corporation, Stora Enso Oyj (FAM AB), DuPont de Nemours, Inc., Michelman, Inc., ATS Techno Pvt. Ltd.
In the year 2022, the market attained a volume of 3,817.8 kilo tonnes, experiencing a growth of 1.8% (2019-2022).
The Calcium Carbonate segment is leading the Market by Material Type in 2022; there by, achieving a market value of $933.5 million by 2030.
The Asia Pacific region dominated the Market by Region in 2022, and would continue to be a dominant market till 2030; there by, achieving a market value of $1.4 billion by 2030.
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