According to a new report, published by KBV research, The Global Paper Coating Materials Market size is expected to reach $2.9 billion by 2030, rising at a market growth of 4.7% CAGR during the forecast period. In the year 2022, the market attained a volume of 3,817.8 kilo tonnes, experiencing a growth of 1.8% (2019-2022).
The Double-side segment is registering a CAGR of 5.9% during (2023 - 2030). Double-sided coated paper offers improved printability and surface smoothness on both sides compared to single-sided coated paper. This makes it particularly desirable for applications where high-quality printing is required on both sides of the paper, such as magazines, catalogs, brochures, and premium advertising materials. Thus, owing to these factors, the segment will witness enhanced demand in the segment.
The Calcium Carbonate segment is leading the Global Paper Coating Materials Market by Material Type in 2022; thereby, achieving a market value of $933.5 million by 2030. Calcium carbonate is a naturally abundant mineral, making it a cost-efficient alternative to other specialty pigments and coating materials. Industries seeking economically viable solutions without compromising quality turn to calcium carbonate for their paper coating needs. Hence, these aspects will assist in the growth of the segment.
The Binding segment is experiencing a CAGR of 4.9% during (2023 - 2030). Durability and longevity are paramount in the binding of books, documents, and other printed materials. Paper coating materials contribute to the longevity of bound products by protecting against wear, tear, and environmental factors. This is particularly important for products subjected to frequent handling, ensuring that they maintain their visual appeal over time. Hence, the segment will expand rapidly in the upcoming years.
Full Report: https://www.kbvresearch.com/paper-coating-materials-market/
The Asia Pacific region dominated the Global Paper Coating Materials Market by Region in 2022, and would continue to be a dominant market till 2030; thereby, achieving a market value of $1.4 billion by 2030. The North America region is anticipating a CAGR of 4.2% during (2023 - 2030). Additionally, The Europe region would exhibit a CAGR of 4.4% during (2023 - 2030).
By Coating Type (Volume, Killo Tonnes, USD Billion, 2019-2030)
By Material Type (Volume, Killo Tonnes, USD Billion, 2019-2030)
By End Use (Volume, Killo Tonnes, USD Billion, 2019-2030)
By Geography (Volume, Killo Tonnes, USD Billion, 2019-2030)
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