“Global Paper Pigments Market to reach a market value of USD 26 Billion by 2031 growing at a CAGR of 8.2%”
The Global Paper Pigments Market size is expected to reach $26 billion by 2031, rising at a market growth of 8.2% CAGR during the forecast period. In the year 2023, the market attained a volume of 42,721.6 kilo tonnes, experiencing a growth of 28.0% (2020-2023).
Calcium Carbonate is one of the most cost-effective pigments available in the market. Paper producers use it because it is less expensive than other pigments and may be used to save production costs without sacrificing print quality. Calcium carbonate pigments provide excellent opacity and brightness to paper products. They help improve the whiteness and brightness of paper, enhancing print contrast and color vibrancy. This makes calcium carbonate pigments suitable for various printing applications, from newspapers to high-end magazines. Thus, in 2023, the calcium carbonate segment garnered 35% revenue share in the paper pigments market. In terms of volume, 25,163.98 kilo tonnes of calcium Carbonate are expected to be utilized by the year 2031.
Print media, including newspapers, magazines, books, and brochures, demands high-quality paper that offers excellent printability, color vibrancy, and readability. Paper pigments enhance these attributes by improving the paper's brightness, opacity, and smoothness, which is crucial for producing sharp, clear, and attractive printed materials. Additionally, specialty papers are used in a various range of applications, including security papers (such as banknotes and certificates), thermal papers (like receipts and labels), and decorative papers (used in wallpapers and laminates). Each application requires specific pigment properties to enhance the paper’s functionality and performance. Hence, the increased use of specialty papers propels the market's growth.
However, the production of paper pigments relies on various raw materials, such as minerals (e.g., kaolin, calcium carbonate, titanium dioxide) and chemicals. Fluctuations in the prices of feed materials can result in unpredictable manufacturing costs. When raw material prices rise unexpectedly, it squeezes the profit margins of pigment manufacturers, who may struggle to absorb the increased costs. Furthermore, volatile raw material prices make it difficult for manufacturers to set stable product prices. Thus, volatility in raw material prices hinders the market's growth.
Based on type, the market is divided into calcium carbonate, kaolin, titanium dioxide, amorphous silicas, talc, and others. In 2023, the titanium dioxide segment held 13% revenue share in the market. In terms of volume, 1,272.93 kilo tonnes of titanium dioxide are expected to be utilized by the year 2031. TiO2 pigments offer high opacity and coverage, allowing for effective hiding power and ink holdout on paper surfaces.
By application, the market is divided into coated paper and uncoated paper. The coated paper segment procured 27% revenue share in the market in 2023. In terms of volume, 23,025.4 kilo tonnes of titanium dioxide are expected to be utilized by the year 2031. Coated paper is preferred for high-end printing applications that require exceptional print quality, such as magazines, catalogues, brochures, and advertising materials.
Free Valuable Insights: Global Paper Pigments Market size to reach USD 26 Billion by 2031
Region-wise, the market is analyzed across North America, Europe, Asia Pacific, and LAMEA. The North America region witnessed 21% revenue share in the market in 2023. In terms of volume, the North America region is expected to utilize 13,022.2 kilo tonnes of paper pigment by the year 2031. This notable share can be attributed to the region's well-established paper and pulp industry, which continues to be a significant consumer of paper pigments.
| Report Attribute | Details |
|---|---|
| Market size value in 2023 | USD 14.1 Billion |
| Market size forecast in 2031 | USD 26 Billion |
| Base Year | 2023 |
| Historical Period | 2020 to 2022 |
| Forecast Period | 2024 to 2031 |
| Revenue Growth Rate | CAGR of 8.2% from 2024 to 2031 |
| Quantitative Data | Volume in Kilo Tonnes, Revenue in USD Billion, and CAGR from 2020 to 2031 |
| Number of Pages | 271 |
| Number of Tables | 550 |
| 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 | Type, Application, Region |
| Country scope |
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| Companies Included | BASF SE, The Dow Chemical Company, Evonik Industries AG, Solvay SA, Kemira Oyj, Imerys S.A, Thiele Kaolin Company, DuPont de Nemours, Inc., J.M. Huber Corporation and Cabot Corporation |
By Application (Volume, Kilo Tonees, USD Billion, 2020-2031)
By Type (Volume, Kilo Tonees, USD Billion, 2020-2031)
By Geography (Volume, Kilo Tonees, USD Billion, 2020-2031)
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