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CHEMICALS AND ADVANCED MATERIALS

Paper Pigments Market Analysis by Type (Calcium Carbonate, Titanium Dioxide, and Others); by Application (Coated Paper and Uncoated Paper); and by End-use Industry (Print Media, Stationary, Packaging, Personal Care, and Others) – Global Supply & Demand Analysis & Opportunity Outlook 2023-2033

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Kemira Oyj and Veolia Wasser Deutschland has entered into a mutual collaboration. This merger is expected to perform full-scale technology assessment of the new phosphorus recovery technology ViviMag.
  • Omya AG has joined hands with IFG to enter in a R&D partnership. This collaboration will explore the incorporation of calcium carbonate within fibers.

Global Paper Pigments Market Highlights Over 2023 - 2033

Base Year

2022

Forecast Year

2023-2033

CAGR

~5%

The global paper pigments market is estimated to garner a notable revenue by the end of 2033 by growing at a CAGR of ~5% over the forecast period, i.e., 2023 – 2033. Further, the market generated a noteworthy revenue in the year 2022. The primary growth factor for the expansion of the market in the assessment period is increased consumption of paper and paper products. Recently, it was estimated that global consumption of paper was totaled 400 million tons in 2020. This figure is projected to rise in the next decade with the consumption value at around 470 million tons by 2031.

Paper-Pigments-Market

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The recent industrialization has led to an increment in the utilization of paper across various industries. Owing to its advantages such as improving the appearance of color and insolubility. Thus, the large production of paper for various purposes is estimated to expand the paper pigments market size in the forecast period. In 2022, it was anticipated that approximately 300 million tons of paper are produced across the world every year.

Global Paper Pigments Market: Growth Drivers and Challenges

Growth Drivers

  • Increased Production of Packaging Paper – The adoption of paper packaging across various industries such as food & beverages, bakery, confectionery, personal care & cosmetics, and others, are expected to boost the demand for paper pigments. It was estimated that the production value of global packaging paper and board was around 257,000 metric tons in 2018, up from 236,000 metric tons in 2016.
  • Recent Demand for Printing and Writing Paper – Lately, it was estimated that the global consumption of printing and writing paper was approximately 90 million tons in 2021.
  • Soaring Expenditure on Chemical Industry – The capital expenditure on the global chemical industry is projected to be USD 239 billion in 2023. This is a significant rise from USD 220 billion in 2020.
  • High Investment in Research and Development Activities – World Bank revealed the statistics of the expenditure made in research and development sector in 2020 was amounted to be 2.63% of the total GDP. This was a rise from 2.14% of the total GDP in 2016.

Challenges

  • Growing Digitization
  • Environmental Concerns Regarding Paper Recycling
  • Stringent Government Rules

The paper pigments market is segmented and analyzed for demand and supply by end-use industry into print media, stationary, packaging, personal care, and others. Out of these, the packaging sector is anticipated to garner the highest market share by 2033. Fast industrialization has propelled the population to adopt online shopping which has further prompted the production of paperboard. Thus, the high consumption of paperboard is estimated to foster the demand of paper pigments and expand the size of the market. As per records, the global consumption of paper and paperboard totaled to be 410 million tons in 2021. The consumption is projected to rise over the upcoming years and reach 480 million tons by 2032.

Major Macro-Economic Indicators Impacting the Market Growth

Major-Macro-Economic-Indicators-Impacting-the-Market-Growth

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, Chemical industry in the U.S. accounted for 16.43% to manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in future. According to UNEP (United Nations Environment Program), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, that accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. Easy availability of low-cost raw material & labor as well as government subsidies and relaxed environmental norms have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for the investment in businesses in Asia Pacific countries in the upcoming years.

Global Paper Pigments Market Regional Synopsis

Regionally, the global dyes and pigments market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2033. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2031, on the back of high consumption of paper in the region. China is the largest producing country which produced 120 million tons of paper in 2020.  Further, the high consumption paper units in the region is an another growth factor of the market. In 2018, the forecasted number of paper and board packaging units to be consumed in the Asia Pacific region is approximately 460 billion units.

Paper-Pigments-Market-Size

The global dyes and pigments market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global dyes and pigments market includes the following segments:

By Type

  • Calcium Carbonate
  • Titanium Dioxide
  • Others

By Application

  • Coated Paper
  • Uncoated Paper

By End-use Industry

  • Print Media
  • Stationary
  • Packaging
  • Personal Care
  • Others

Top Featured Companies Dominating the Global Paper Pigments Market

  • Omya AG
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Kemira Oyj
  • The Chemours Company LLC
  • Imerys S.A.
  • BASF
  • Minerals Technologies Inc.
  • Ashapura Group
  • J.M. HUBER Group
  • Thiele Kaolin Company
  • KaMin LLC/ CADAM SA

 

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