PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1516052
PUBLISHER: Global Market Insights Inc. | PRODUCT CODE: 1516052
Global Paper Pigments Market will witness over 5.5% CAGR between 2024 and 2032 owing to the growing number of contracts among large corporations. These agreements demonstrate the growing importance of raw materials in the paper industry. As companies aim to produce high-gloss, low-transparency, and printable paper, the demand for advanced manufacturing processes increases. For instance, in March 2024, Specialty chemicals maker Vipul Organics announced that it received an order from Tamil Nadu News Print and Paper Limited (TNPL) to supply brown and red dyes worth Rs 7.15 crore. The order marked Vipul Organics' foray into the paper manufacturing business.
Leading-edge companies are awarded contracts to provide new formulations that meet multiple needs, driving market growth. Furthermore, an emphasis on more sustainable chemical products is influencing market growth, with companies looking for more environmentally friendly alternatives. These increasing number of partnerships and alliances not only reflect the growing demand for paper pigments but also indicate a shift towards sustainable practices in the paper industry.
The overall Paper Pigments Industry size is classified based on type, application, and region.
In terms of type, the kaolin segment will witness significant growth from 2024 to 2032. Kaolin, a clay mineral, is known for its glossy and opaque properties, which makes it desirable in papermaking. Its excellent light scattering properties make paper white and printable. It meets the high standards required by various industries. As a result, the demand for kaolin-based products in the paper market continues. The kaolin paste is expected to remain in strong demand in the near future due to its ability to improve the quality and performance of the paper.
Based on application, the paper pigments market revenue from the uncoated paper segment will register a remarkable CAGR from 2024 to 2032. Uncoated paper is widely used in various applications such as printing, writing, and packaging. Dyes play an important role in enhancing the visual properties of uncoated paper, including brightness, color intensity, and printability. The demand for sustainable, environmentally friendly packaging is driving demand for uncoated paper. This trend has led to a corresponding increase in the demand for high-quality raw materials to meet the strong demand for uncoated paper, which has led to growth in the paper pigments market.
North America Paper pigments market will exhibit a reasonable CAGR from 2024 to 2032. Paper pigments are becoming increasingly important in North America due to the strong presence of major industries such as packaging, printing, and publishing in the region. Additionally, there is a strong emphasis on sustainability and environmentally friendly practices, increasing the demand for high-color paper. Also, technological advancements in the industry and new product offerings are further fueling the demand for raw materials. Consequently, the North American paper pigments market continues to grow and is expected to flourish.