Market Size of Paper Pigment Industry
Study Period | 2019 - 2029 |
Base Year For Estimation | 2023 |
CAGR | 5.00 % |
Fastest Growing Market | Asia Pacific |
Largest Market | Asia Pacific |
Market Concentration | Low |
Major Players*Disclaimer: Major Players sorted in no particular order |
Paper Pigment Market Analysis
The market for paper pigment is expected to register a CAGR of about 5% globally during the forecast period. Growing demand for paper from the packaging industry is driving the market. On the flip side, growing digitalization in emerging economies coupled with environmental concerns due to lack of proper recycling chain is hindering the market growth.
- The uncoated paper segment is expected to account for the largest share of the paper pigment market over the forecast period.
- The Asia-Pacific region is expected to dominate the market across the world, with the largest consumption from countries such as China, India, and Japan.
Paper Pigment Industry Segmentation
The paper pigment market report includes:
Pigment Type | |
Calcium Carbonate | |
Karolin | |
Other Pigment Types |
Application | |
Uncoated Paper | |
Coated Paper |
Geography | |||||||
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Paper Pigment Market Size Summary
The paper pigment market is poised for significant growth, driven primarily by the increasing demand from the packaging industry. This demand is counterbalanced by challenges such as the rise of digitalization in emerging economies and environmental concerns related to inadequate recycling processes. The uncoated paper segment is anticipated to capture the largest market share, attributed to its applications in printing business cards, envelopes, brochures, and other writing and printing materials. The Asia-Pacific region is expected to lead the global market, with substantial consumption from countries like China, India, and Japan, where the demand for both uncoated and coated paper is on the rise.
Paper pigments, including clay, titanium dioxide, and calcium carbonate, play a crucial role in papermaking by enhancing the paper's color and coating properties. These pigments are essential for achieving desired paper qualities such as whiteness, light fastness, and chemical inertness. The coated paper segment, in particular, is gaining traction due to its use in the packaging industry, driven by the burgeoning e-commerce and food delivery sectors. Companies like Alibaba in China and the growing e-commerce market in India are significant contributors to this demand. The market is characterized by partial fragmentation, with key players such as Ashapura Group, Solenis, BASF SE, LANXESS, and Heubach GmbH holding a marginal share.
Paper Pigment 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 from the 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 Growing Digitalization in the Emerging Economies
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1.2.2 Environmental Concerns Due to Lack of Proper Recycling Chain
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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 Consumers
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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
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2.1 Pigment Type
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2.1.1 Calcium Carbonate
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2.1.2 Karolin
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2.1.3 Other Pigment Types
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2.2 Application
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2.2.1 Uncoated Paper
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2.2.2 Coated Paper
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2.3 Geography
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2.3.1 Asia-Pacific
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2.3.1.1 China
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2.3.1.2 India
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2.3.1.3 Japan
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2.3.1.4 South Korea
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2.3.1.5 Rest of Asia-Pacific
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2.3.2 North America
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2.3.2.1 United States
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2.3.2.2 Canada
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2.3.2.3 Mexico
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2.3.3 Europe
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2.3.3.1 Germany
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2.3.3.2 United Kingdom
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2.3.3.3 Italy
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2.3.3.4 France
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2.3.3.5 Rest of Europe
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2.3.4 South America
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2.3.4.1 Brazil
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2.3.4.2 Argentina
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2.3.4.3 Rest of South America
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2.3.5 Middle-East and Africa
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2.3.5.1 Saudi Arabia
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2.3.5.2 South Africa
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2.3.5.3 Rest of Middle-East and Africa
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Paper Pigment Market Size FAQs
What is the current Paper Pigment Market size?
The Paper Pigment Market is projected to register a CAGR of 5% during the forecast period (2024-2029)
Who are the key players in Paper Pigment Market?
Ashapura Group, Solenis, BASF SE, LANXESS and Heubach GmbH are the major companies operating in the Paper Pigment Market.