North American Paper Coating Materials Market Is Expected to Reach 6,982.79 KT by 2019 – New Report by MicroMarket Monitor
The growing demand for paper packaging products and the technological advancements are increasing the global demand for paper coating materials market. http://www.micromarketmonitor.com/market/north-america-paper-coating-materials-9827681192.html
(PRWEB) July 18, 2014
Paper coating materials play an important role in the paper industry as they enhance the quality of the paper, which is used in various applications. Paper coating materials include minerals that are used to bring special properties to the paper, such as gloss, smoothness, opacity, whiteness, and brightness to produce coated 1, coated 2, coated 3, coated 4, and other coated papers.
The paper coating materials market is expected to show the highest growth in the next five years, driven by huge investments in new technologies, innovations, and new product developments in the U.S., China, Japan, and Brazil. In 2013, the Asia-Pacific region dominated the global market with a share of 43.2% and is projected to have a share of 47.3% by 2019.
Paper coating materials are made up of a group of naturally available materials that are used in the manufacturing of different coated papers for special applications. End-users are the consumers of coated papers such as magazines, book covers, post cards, bank statements, corrugated boxes, and so on, who use it in printing and packaging applications.
The North American paper coating materials market is steady, showing nearly negligible growth. This region is estimated to reach 6,982.79 KT by 2019, expected to grow at a CAGR of 1.1% from 2014 to 2019. As the paper coating materials market in the Asia-Pacific region is growing, the manufacturers in North America are shifting their manufacturing plants to the Asian countries, especially in China and India. America, being a developed country, has no scope left for the growth in the coated paper industry as the use of magazines, newspapers, catalogues is declining. The only scope left for coating materials market is in the paper packaging industry, which consumes corrugated boxes. Talc and starch are estimated to grow at a CAGR of 1.5% each, during the forecast period. Kaolin clay takes the second place in this region, which was estimated to account for $181.2 million in 2013, and is projected to account for $191.2 million by 2019.
Browse through the market data tables, figures and detailed ToC on the “North American Paper Coating Materials Market”.
Asia-Pacific Paper Coating Materials Market
The Asia-Pacific region dominates the global paper coating materials market. This region is estimated to reach 23,947.69 KT by 2019, expected to grow at a CAGR of 4%-5% from 2014 to 2019. The main reasons for the growing demand for paper coating materials in the emerging markets are population growth and increasing living standards. Higher GDP per capita has lifted paper consumption to new heights. Also, the foreign investments in the developing countries have also had an impact on the growth of the market in the Asia-Pacific region. The demand in the developing Asian countries was buffered by the relative strength of the local economic growth, most notably in China and India. These different characteristics have influenced the market development and growth rates in regional markets.
Europe Paper Coating Materials Market
The European paper coating materials market holds the second position in the global paper coating materials market, in terms of volume. This region is estimated to reach 13,356.34 KT by 2019, expected to grow at a CAGR of 2% from 2014 to 2019. The economic slowdown in Europe has had a huge impact on the European pulp and paper production in 2012. It directly affected the paper coating materials market. The demand for printing and writing paper has dropped considerably due to the shift towards digital media, which has lowered advertising expenditure in the coated paper industry. The global recession, particularly in the European market, is considered as the prime cause for the same. The European paper coating materials market accounted for the highest share from Germany, with 24.7% of the market value, in 2013.
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