Paper Pigments Market to experience an impressive growth of 5.9% during 2020-2025
February 07, 2020
Paper pigments market is likely to witness an impressive CAGR of 5.9% during the forecast period. The consistently growing demand for paper from emerging economies is projected to drive the global paper pigments market. However, factors such as increasing use of electronic devices and e-publishing are likely to hamper the growth of the market during the forecast period.
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Paper Pigments Market Segment Insights:
By Type:
Based on the type, the market is segmented as calcium carbonate, kaolin, and others. The calcium carbonate segment dominated the market and is expected to witness the fastest growth during the forecast period. In recent years, the demand for bright and bulk paper has increased significantly leading to a higher demand for calcium carbonate over kaolin.
By Application Type:
Based on the application type, the market is segmented as coated paper and uncoated paper. Coated paper dominated the market by application type and is expected to maintain its leading position during the forecast period. The growth of the packaging industry along with the rise in demand for superior quality papers are the major factors driving the demand for coated papers in the global paper pigments market.
By Region:
In terms of region, Asia-Pacific is expected to remain the largest as well as fastest growing market for paper pigments during the forecast period. Significant economic development in the region, rising disposable income of consumers, expanding infrastructures, and growing industrializations are the major factors driving the demand for paper pigments in the Asia-Pacific region. North America and Europe are also expected to offer sizeable growth opportunities during the forecast period.
Key Players:
Some of the major paper pigment suppliers are Imerys S.A., Minerals Technologies Inc. (MTI), BASF SE, Ashapura Minechem Ltd., J.M. Huber Corporation, Kemira Oyj, The Chemours Company, and Thiele Kaolin Company.
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