The Paper Pigments Market is projected to grow from USD 13.52 billion in 2018 to USD 17.72 billion by 2023, at a CAGR of 5.6% from 2018 to 2023.
Browse 80 market data Tables and 36 Figures spread through 104 Pages and in-depth TOC on "Paper Pigments Market”.
The Asia Pacific paper pigments market is projected to grow at the highest CAGR during the forecast period
Asia Pacific (APAC) is expected to grow at the highest CAGR in the paper pigments market during the forecast period. Due to the low proliferation of technology and lower impact of environmental regulations, there is a sustained increase in the demand for paper in the APAC countries despite reduction in the use of writing paper due to the increasing adoption of electronic devices. The region also benefits due to the availability of raw materials, which further facilitates high production of pulp & paper. Countries including China, Japan, South Korea, Indonesia, and India lead in terms of paper production, and hence are major consumers of paper pigments.
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Imerys is a major manufacturer of paper pigments. The company provides paper pigments under its energy solutions & specialties business segment which accounts for 29.0% of its revenue. Carbonates, a division of the energy solutions & specialties segment, accounts for 46.0% of the segment’s revenue. The company has established a strong foothold in the pigments market through investments & expansions, joint ventures, and mergers & acquisitions. In February 2018,
Imerys acquired the carbonate businesses of Vimal Microns and Vee Microns which are producers of calcium carbonate. This acquisition has strengthened the presence of the company in APAC. Similarly, in February 2014, Imerys acquired AMCOL International Corporation (US) for approximately USD 1.6 billion. This deal enabled Imerys increase its presence across 26 countries along with a strong footprint in the US.
Omya has majorly adopted investments & expansions and agreements, partnerships & joint ventures strategies to grow in the paper pigments market. In November 2017, Omya planned expansion in Western India at 2 sites, Surat and Taloja. This development is expected to help meet the demand for paper pigments in India. In May 2017, Omya and Ittihad Paper entered into an agreement to build a new Precipitated Calcium Carbonate (PPC) manufacturing plant in Abu Dhabi, UAE. Ittihad Paper is expected to produce high-quality printing and writing paper. This development helped the growth of both companies in the paper industry, thereby strengthening the foothold of Omya in the paper pigments market.
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The Paper Pigments Market is projected to grow from USD 13.52 billion in 2018 to USD 17.72 billion by 2023, at a CAGR of 5.6% from 2018 to 2023.Browse 80 market data Tables and 36 Figures spread through 104 Pages and in-depth TOC on "Paper Pigments Market”.Based on type, the calcium carbonate segment is estimated to lead the paper pigments market in 2018Calcium carbonate is the most widely used paper pigment and has been used since the last 30 years.
The increasing demand for bright and bulk paper is leading to the increasing preference for calcium carbonate over kaolin.
Calcium carbonate is less expensive and enables brighter paper than that possible with the use of kaolin.
The leading countries accounting for a large market share in the paper pigments market are China and the US.
The company provides paper pigments under its energy solutions & specialties business segment which accounts for 29.0% of its revenue.
In February 2018,Imerys acquired the carbonate businesses of Vimal Microns and Vee Microns which are producers of calcium carbonate.
