The global paper coating material market is projected to grow at a CAGR of 3.13% to reach US$2.302 billion by 2025 from US$1.914 billion in 2019.
The material that is used to apply a base coat on different types and grades of paper in order to improve their technical and physical properties such as brightness, smoothness, and glossiness among others are called paper coating materials. The popularity of paper coating material is increasing in different industries including the paper industry in order to provide better quality paper to different end-users and consumers, which do not get deteriorated easily and are able to retain and show properties such as better ink binding and anti-blister properties. In addition, there are rising concerns among the different end-users for deploying eco-friendly and sustainable packaging solutions for their premium and perishable products, which is also being supported by the rising penetration and popularity of e-retail and e-commerce channels. These services are being used by the population to purchase different products such as consumer electronics, cosmetics, and personal care among others. Therefore, these factors are leading to the faster adoption of paper coating products and chemicals and are playing a role in augmenting the market growth over the forecast period.
Product offerings by major market players in the paper coating material market
The market players are highly active in the market by offering and making available a variety of paper coating materials enhanced and advanced flavors and textures in order to cater to the rising demands from different distribution channels. This is in turn is helping them improve their market position and they are contributing to the market growth over the forecast period.
Some of the examples of product launches and offerings are as follows:
- Michelman, inc., is considered as among one of the leading companies dealing in the manufacture of chemical materials also offers paper converting and corrugated chemical compounds. Some of the products that are offered under their product portfolio are, Micryl 766RN, Michem Coat 218CI4 AFN, HydraBan 1000AF, HydraBan 708, and Michem Coat 90 among others. The product Micryl 766RN, is a type of water-based coating, with excellent flexo runability. It is made to be used in non-clay-coated paper films or foils or under tins that are not made using glycol or do contain wax. The product Michem® Coat 218CI4 AFN is also a type of water-based coating that is known for its grease and oil resistance. This a contact-based coating and inhibits corrosion of sensitive papers, however, for that it should be directly in contact with the surface it is protecting. The product HydraBan 1000AF is a cost-effective and affordable coating option for use in Kraft paper applications. Other products also have distinct features and find applications in the coating of paper.
- Eastman Chemical Company, which is involved in the manufacture and sale of different types of chemicals for various end-user industries offers paper coating chemicals and compounds also .some of the products include, Abalyn - D-E Methyl Ester of Rosin among other products. This product is an amber-colored, near-neutral tacky, and viscous fluid. In addition, it is resinous with a high refractive index, thus, its variety of physical properties makes it usable in applications such as adjuvants, adhesives, and sealants, bookbinding applications paper coating as labels on food, and beverage packets, and fil modification among other applications.
- BASF SE, which is considered one the leading companies dealing in the provision of different solutions such as paints and coatings, automotive, furniture, construction solution, among others offers a range of products under their paper coatings portfolio. Some of the products under this portfolio include a binder, additives, barrier coating solutions, and paperboard and corrugated board solutions. The binder’s product line includes, “ACRONAL”, and “BASONAL” among others. The first product offered is the type of aqueous dispersion based on copolymers, which consist of acrylic esters and styrene with approximately 50% content. These types of binders are used in order to improve the print evenness of the paper and also enable other characteristics of papers such as binding performance and excellent runability. The other product offered is a binder that can be customized and tailor-made according to the needs of the customers with specific performance requirements. It is used in order to improve the binding power, blister resistance, and printing properties, among others of the technical grade papers.
The Asia Pacific regions are estimated to hold a noteworthy market share and show modest growth throughout the forecast period owing to the rising number of construction actives and the requirement of corrugated boxes for packaging purposes by the consumer electronics industry.
The Asia Pacific region is estimated to hold a noteworthy share and show modest growth over the forecast period. This is attributed to the fact that there is ring demand from the different industries for applications such as paint additives and paper coatings owing to rising construction activities and the building residential areas due to the rising population in countries such as India and China. Moreover, the well-established consumer electronics industry in China is increasing its production due to the rising demand for electronic devices among other products, being facilitated by the rising disposable income of the low-income and middle-income population. These factors are also leading to an increase in the demand for paper coating for corrugated paper boxes for packaging purposes.
Paper Coating Material Market Scope:
| Market size value in 2019
|| US$1.914 billion
| Market size value in 2025
|| US$2.302 billion
| Growth Rate
|| CAGR of 3.13% from 2019 to 2025
| Base year
| Forecast period
| Forecast Unit (Value)
|| USD Billion
| Segments covered
|| Product, Coating Method, And Geography
| Regions covered
|| North America, South America, Europe, Middle East and Africa, Asia Pacific
| Companies covered
|| Omya AG, Michelman, inc., ARCHROMA, DuPont, Asia Pulp & Paper (APP) Sinar Mas, Eastman Chemical Company, BASF SE, Ingredion, The Chemours Company, NIPPON PAPER INDUSTRIES CO., LTD.
| Customization scope
|| Free report customization with purchase.
- By Product
- Kaolin Clay
- Titanium dioxide
- Calcium carbonate
- Ground Calcium Carbonate
- PrecipitatedCalcium Carbonate
- By Geography
- North America
- South America
- United Kingdom
- Middle East and Africa
- Saudi Arabia
- Asia Pacific
- South Korea
Frequently Asked Questions (FAQs)
Q1. What is the size of global paper coating material market?
A2. Paper Coating Material market was valued at US$1.914 billion in 2019.
Q2. What are the growth prospects for paper coating material market?
A2. The global paper coating material market is projected to grow at a CAGR of 3.13% over the forecast period.
Q3. How is the global paper coating material market segmented?
A3. The global paper coating material market has been segmented by product, coating method, and geography.
Q4. What will be the paper coating material market size by 2025?
A4. The paper coating material market is projected to reach a market size of US$2.302 billion by 2025.
Q5. Which region holds the largest market share in the paper coating material market?
A5. The Asia Pacific region is estimated to hold a noteworthy share and show modest growth over the forecast period.