The paper pigments market was valued at USD 12.88 billion in 2017 and is projected to reach USD 17.72 billion by 2023, at a CAGR of 5.6% during the forecast period. Increasing demand for paper from the packaging industry is one of the major drivers for the paper pigments market. The high growth of the packaging industry coupled with increasing regulations related to renewable packaging materials are leading to the increasing use of paper over plastic. This has propelled the consumption of paper in packaging, which in turn, is projected to drive the paper pigments market.
Browse 80 market data Tables and 36 Figures spread through 104 Pages and in-depth TOC on "Paper Pigments Market by Type (Calcium Carbonate and Kaolin), Application (Coated Paper and Uncoated Paper), and Region (APAC, North America, Europe, and RoW (Middle East & Africa and South America)) - Global Forecast to 2023"
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The key players in the market include, Omya (Switzerland), Imerys (France), Minerals Technologies (US), BASF (Germany), Ashapura Group (India), Huber (US), Kemira Oyj (Finland), Chemours (US), Thiele Kaolin Company (US), and KaMin/CADAM (US). The pigments market report analyzes the key growth strategies adopted by leading market players between 2014 and 2018, which include investments & expansions, agreements, partnerships & joint ventures, and mergers & acquisitions.
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.
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Based on type, the calcium carbonate segment is estimated to lead the paper pigments market in 2018
Calcium 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 use of calcium carbonate is also increasing for coated and uncoated papers owing to the enhanced brightness imparted to paper.
Based on application, coated paper is estimated to lead the paper pigments market in 2018
Coated paper is the largest application of paper pigments. The need for superior quality paper is increasing, and hence this segment offers significant growth potential for paper pigments in coated papers. In Europe and North America, the growth rate of the coated paper segment is higher than that for the uncoated paper segment. Moreover, the loading percentage of paper pigments going into coating is increasing; while, the percentage of fillers is relatively lower.
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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.
