The global paper pigments market is expected to register a staggering double-digit CAGR of 8.5% by garnering a market value of US$ 28 Billion. The growth of the market can be attributed to:
Rising demand for paper pigments in end-use industries such as automotive, construction, and healthcare along with pigments being generally cheaper than dyes are making them a more cost-effective option for paper manufacturers. Moreover, pigments tend to be more lightfast than dyes, which means they will retain their color longer when exposed to light.
Pigments are more resistant to fading caused by UV light, which makes them a good choice for outdoor applications. Additionally, pigments have a high color intensity, which allows for vibrant and bright colors that make it a feasible option for different products. Not only are pigments easy to handle and store, but also they are not affected by temperature or humidity and they are easy to transport.
Pigments are generally considered to be more environmentally friendly than dyes as they do not release any harmful chemicals into the environment.
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The North American paper pigments market is a growing market due to the increasing demand for paper and paper-based products. The market is driven by factors such as the growing use of paper in packaging, printing, and writing applications, as well as the increasing demand for environmentally-friendly products. The market is also driven by the increasing use of pigments in digital printing, which is expected to increase in popularity in the coming years.
North America is a large consumer of paper-based products, and the market is expected to grow as the region's economy continues to improve. Additionally, the growth of e-commerce and online retailing is also expected to drive the growth of the paper pigments market in North America. Some of the major players in the North American paper pigments market include Clariant, Huntsman Corporation, and BASF.
The future of the paper pigments market is expected to be positive, with an increasing demand for paper-based products and a growing preference for environmentally-friendly products. The market is expected to grow at a moderate pace, driven by the increasing use of paper in packaging, printing, and writing applications. Additionally, the growing popularity of digital printing is also expected to drive the demand for paper pigments.
The trend towards sustainable and eco-friendly products is also expected to boost the demand for paper pigments as they are considered more environmentally friendly than dyes.
The increasing demand for lightweight and high-quality packaging materials is also expected to drive the growth of the paper pigments market. Furthermore, the growth of e-commerce and online retailing is also expected to drive the growth of the paper pigments market, as the demand for packaging and printing materials for these applications is expected to increase.
Overall, the paper pigments market is expected to grow in the coming years, driven by the increasing demand for paper-based products, the growing preference for environmentally-friendly products, and the increasing use of digital printing technology.
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During the production of pulp & paper, various chemicals/pigments are utilized as additives and as processing agents. The selection of these pigments is dependent on the function properties required to be imparted to papers and paperboards, for their designated applications. Paper pigments are powder form particles, insoluble in dissolvent & binders, and obtained from the natural as well as synthetic sources.
Paper pigments has various superior properties including low solubility in water, and help to boost brightness, opacity values of paper, and among others. The key application of paper pigments is to improve printing properties.
Rising concerns towards educational development as well as growing government initiatives related to educational activities are anticipated to fuel the printing & writing papers demand. Along with this, many packaging experts and consumer product companies are focusing on “green packaging”.
Modern retail penetration will boost the demand for paper bags. Due to sustainable packaging, the demand for paper products estimated to surge and manufacturers are increasingly demanding paper pigments in near future.
Paper pigments play a key role in ensuring safe operations through all steps of the paper mill from the gate of the plant, through transportation, to storage and final use of the product in bleaching plants. Paper pigments are helpful to improve the paper look, surface and functional properties.
In view of growing the requirements such as opacity, brightness and print quality, etc. the demand for paper pigments is projected to grow at a decent pace during the forecast period.
Conversely, disruption brought up by digitalization have already benefited several industries. However, it is not the case with pulp and paper industry. Though with moderate intensity, digitalization has negatively impacted the growth of paper demand. With an upsurge in digital media platforms, the newsprint has lagged its growth in the digital era compared to previous year.
This is expected to hamper the global paper pigments market by end of forecast period.
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Geographically, the USA has been one of the oldest and most important consumers of paper napkins and other tissue paper products in daily routine. Although overall growth of this regional market will be sluggish, it will continue its dominance over other regions throughout the forecast period.
Despite substantial use of tissue paper products and high number of paper mills, paper & pulp processing chemicals are being purchased within North America, which stands as the predominant driver for paper pigments market growth.
China is likely to remain the key market as it is one of the largest paper and pulp producers; thus, the consumption of paper pigments is estimated to surge across the South Asia paper pigments market. Further, with an increasing population opting to buy packaged products and online shopping, the demand for corrugated packaging materials will be on a rise over the forecast period.
The Indian market for pulp will especially capitalize on growing sales of packaging and writing papers as the government has been allocating higher budget to the education domain. As a result, the global paper pigments market is estimated to fuel the global paper pigments market by end of forecast period.
The global paper pigments market is expected to be fairly fragmented owing to the presence of number of manufactures at regional and global level. Few of them identified across the value chain which is as mentioned below:
The Paper Pigments market research report presents a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, and statistically supported and industry-validated market data. It also contains projections using a suitable set of assumptions and methodologies. The research report provides analysis and information according to market segments such as geographies, application, and industry.
The Paper Pigments market report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain.
The Paper Pigments market report provides in-depth analysis of parent market trends, macro-economic indicators and governing factors along with market attractiveness as per segments. The Paper Pigments market report also maps the qualitative impact of various market factors on market segments and geographies.
The global paper pigments market can be segmented into four key segments - origin, product types, applications, and regions
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