Paper Coating Materials Market Size, Top Players, Revenue, Share, Future Trends, and Forecast 2031

The global paper coating materials market revenue was around US$ 2.5 billion in 2021 and is estimated to reach US$ 3.5 billion by 2031, growing at a compound annual growth rate (CAGR) of 4.8% during the forecast period from 2022 to 2031.

Paper coating materials are adaptable substances that are applied on top of basic papers to provide characteristics like luster, smoothness, and resilience. Coated paper goods are processed with polymers, latex, and clay to increase lifespan and aesthetic appeal. This improves recyclability and sterility.

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Factors Influencing Market Growth

The main reasons driving the growth of the paper coating materials market are the rising demand for better quality coated sheets and the rising use of coated papers in the packing industry.
The primary driver of the paper coating materials market is the rising use of bio-based materials and prohibiting plastic packaging.
Rapid urbanization and infrastructural expansion, rising research & development into paper coating technologies, and rising use of those materials in stationary, binding, and food packaging applications drive the market growth.

Study of the COVID-19 Pandemic

The COVID-19 pandemic had an impact on corrugated packaging due to a decrease in demand for completed goods and corrugated packaging. To stop the rising number of coronavirus cases that are causing lockdowns in various locations, both industrialized and emerging nations must take strict rules. As a result, these elements have caused a reduction in the demand for consumer goods and raw resources across many industries. Corrugated packaging producers suffered losses during the pandemic. The demand for paper coating materials has decreased due to the drop in demand for corrugated boxes.

Regional Insights

Asia Pacific is anticipated to develop at the highest CAGR over the forecast period due to its production and consumption of coated paper in the global market. Some of the greatest paper consumers in the world, including China and India, are located in this region and have broadened their product lines across numerous industries. Additionally, the region's thriving e-commerce industry has increased product packaging and printing demand.

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Leading Competitors

The leading competitors in the global paper coating materials market are:

BASF SE
The Dow Chemical Company
Celanese Corporation
Imerys SA,
Omya AG
Penford Corporation
Michelman Inc
Nippon Paper Industries Co., Ltd
Eastman Chemical Company
Asia Pulp & Paper (APP) Sinar Mas
FKuR
Stora Enso
ATS Techno
Others

Segmentation Analysis

The global paper coating materials market segmentation focuses on End Use, Material Type, Coating Type, and Region.

Segmentation based on End Use
Binding
Stationary
Packaging
Corrugated Boxes
Others
Segmentation based on Material Type
Calcium Carbonate
o Type
? Ground Calcium Carbonate (GCC)
? Precipitated Calcium Carbonate (PCC)
Kaolin Clay
Titanium Dioxide
Starch
Others

Segmentation based on Coating Type
Single-side
Double-side

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Segmentation based on Region

North America
The U.S.
Canada
Mexico
Europe
Western Europe
The UK
Germany
France
Italy
Spain
Rest of Western Europe
Eastern Europe
Poland
Russia
Rest of Europe
Asia Pacific
China
India
Japan
Australia & New Zealand
ASEAN
Rest of Asia Pacific

Middle East & Africa (MEA)
UAE
Saudi Arabia
South Africa
Rest of MEA

South America
Brazil
Argentina
Rest of South America

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This release was published on openPR.