Market Size of Paper Coating Material Industry
| Study Period | 2019 - 2029 |
| Market Size (2024) | USD 2.13 Billion |
| Market Size (2029) | USD 2.67 Billion |
| CAGR (2024 - 2029) | > 4.50 % |
| Fastest Growing Market | Asia Pacific |
| Largest Market | Asia Pacific |
Major Players
*Disclaimer: Major Players sorted in no particular order |
Paper Coating Material Market Analysis
The Paper Coating Material Market size is estimated at USD 2.13 billion in 2024, and is expected to reach USD 2.67 billion by 2029, growing at a CAGR of greater than 4.5% during the forecast period (2024-2029).
- Over the short term, the growing demand for paper coating materials from the printing and packaging industry is the major factor driving the growth of the market studied.
- However, the increasing use of electronic media is expected to hinder the growth of the market studied.
- Nevertheless, the growing demand for biopolymer paper coating material from the paper industry is likely to create lucrative growth opportunities for the market studied in the coming years.
- Asia-Pacific is expected to dominate the market, with the largest consumption from countries such as China and India.
Paper Coating Material Industry Segmentation
The mixture of materials or a polymer used to impart certain qualities to the paper is referred to as the paper coating material. These are used as coatings over the base paper to improve its smoothness, texture, and resistance.
The paper coating materials market is segmented by coating material, product, application, and geography. By coating material, the market is segmented into clay, kaolinite, calcium carbonate, bentonite, talc, and other coating materials. By product, the market is segmented into machine-finished coated papers, standard coated fine papers, low-coat weight papers, art paper, and products. By application, the market is segmented into packaging, binding, printing, corrugated boxes, and other applications.
The report also covers the market size and forecasts for the paper coating material market in 27 countries across major regions. For each segment, the market sizing and forecasts were made on the basis of value (USD).
| By Coating Material | |
| Clay | |
| Kaolinite | |
| Calcium Carbonate | |
| Bentonite | |
| Talc | |
| Other Coating Materials |
| By Product | |
| Machine-finished Coated Papers | |
| Standard Coated Fine Papers | |
| Low Coat Weight Papers | |
| Art Papers | |
| Other Products |
| By Application | |
| Packaging | |
| Binding | |
| Printing | |
| Corrugated Boxes | |
| Other Applications |
| By Geography | |||||||||||
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Paper Coating Material Market Size Summary
The global paper coating material market is experiencing a resurgence, driven by the recovery from the COVID-19 pandemic and the renewed demand from the packaging and printing sectors. The market is characterized by the use of coated papers, which enhance the aesthetic and functional properties of paper products, such as weight, surface shine, and ink absorbency. This demand is particularly strong in the packaging industry, where coated papers are essential for product promotion and environmental sustainability. The increasing need for food packaging that preserves freshness and extends shelf life further fuels the market's growth. Despite the challenges posed by the rise of electronic media, the market is poised for expansion, with biopolymer paper coating materials presenting new opportunities for innovation and sustainability.
The Asia-Pacific region is anticipated to lead the market, with significant contributions from China and India, driven by their burgeoning packaging industries and growing populations. The shift towards eco-friendly paper packaging solutions is gaining momentum, supported by governmental policies favoring sustainable practices over plastic use. The region's economic growth and rising middle class are bolstering demand for packaging, particularly in the food sector. Major players in the market, such as BASF SE and Eastman Chemical Company, are actively expanding their operations in this region to capitalize on these trends. The market remains partially fragmented, with a few key companies dominating, but opportunities for growth and collaboration continue to emerge, particularly in the development of innovative and sustainable coating solutions.
Paper Coating Material Market Size - Table of Contents
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1. MARKET DYNAMICS
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1.1 Drivers
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1.1.1 Growing Demand for Paper Coating Materials from the Printing and Packaging Industry
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1.1.2 Other Drivers
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1.2 Restraints
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1.2.1 Increasing Use of Electronic Media
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1.2.2 Other Restraints
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1.3 Industry Value Chain Analysis
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1.4 Porter's Five Forces Analysis
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1.4.1 Bargaining Power of Suppliers
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1.4.2 Bargaining Power of Buyers
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1.4.3 Threat of New Entrants
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1.4.4 Threat of Substitute Products and Services
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1.4.5 Degree of Competition
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2. MARKET SEGMENTATION (Market Size in Value)
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2.1 By Coating Material
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2.1.1 Clay
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2.1.2 Kaolinite
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2.1.3 Calcium Carbonate
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2.1.4 Bentonite
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2.1.5 Talc
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2.1.6 Other Coating Materials
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2.2 By Product
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2.2.1 Machine-finished Coated Papers
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2.2.2 Standard Coated Fine Papers
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2.2.3 Low Coat Weight Papers
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2.2.4 Art Papers
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2.2.5 Other Products
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2.3 By Application
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2.3.1 Packaging
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2.3.2 Binding
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2.3.3 Printing
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2.3.4 Corrugated Boxes
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2.3.5 Other Applications
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2.4 By Geography
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2.4.1 Asia-Pacific
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2.4.1.1 China
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2.4.1.2 India
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2.4.1.3 Japan
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2.4.1.4 South Korea
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2.4.1.5 Malaysia
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2.4.1.6 Thailand
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2.4.1.7 Indonesia
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2.4.1.8 Vietnam
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2.4.1.9 Rest of Asia-Pacific
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2.4.2 North America
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2.4.2.1 United States
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2.4.2.2 Canada
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2.4.2.3 Mexico
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2.4.3 Europe
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2.4.3.1 Germany
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2.4.3.2 United Kingdom
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2.4.3.3 France
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2.4.3.4 Italy
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2.4.3.5 Spain
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2.4.3.6 NORDIC countries
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2.4.3.7 Turkey
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2.4.3.8 Russia
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2.4.3.9 Rest of Europe
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2.4.4 South America
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2.4.4.1 Brazil
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2.4.4.2 Argentina
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2.4.4.3 Colombia
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2.4.4.4 Rest of South America
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2.4.5 Middle East and Africa
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2.4.5.1 Saudi Arabia
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2.4.5.2 Qatar
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2.4.5.3 United Arab Emirates
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2.4.5.4 Nigeria
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2.4.5.5 Egypt
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2.4.5.6 South Africa
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2.4.5.7 Rest of Middle East and Africa
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Paper Coating Material Market Size FAQs
How big is the Paper Coating Material Market?
The Paper Coating Material Market size is expected to reach USD 2.13 billion in 2024 and grow at a CAGR of greater than 4.5% to reach USD 2.67 billion by 2029.
What is the current Paper Coating Material Market size?
In 2024, the Paper Coating Material Market size is expected to reach USD 2.13 billion.
