Paper Coating Materials Market trends estimates high demand by 2025
Asia Pacific and North America are expected to be the most potential markets for paper coating material manufacturers. According to IBEF, the demand for paper in India is expected to rise 53% by 2020. In the past few years, the Indian paper sector has invested an amount of US$ 20 billion on technology upgrade, capacity enhancement and acquisitions. The rapidly growing paper industry coupled with application of paper various uses such as corrugated boxes, food packaging is anticipated to boost the paper coating materials market. India Brand Equity Foundation (IBEF) is a Trust established by the Ministry of Commerce and Industry, Department of Commerce in collaboration with the Government of India with the purpose of promoting and creating international awareness of goods manufactured in India.
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Rapidly increasing consumption of paper due to environmental concerns on the usage of plastic has fueled the growth of paper coating materials market, especially in Asia Pacific and Middle East regions. Product innovation and expansion in various geographies is a key strategy adopted by the major players in the Paper Coating Materials industry. In June 2016, Kernow Coatings launched New HP Indigo Material products in Cobalt Coating Technology. Some of the major companies operating in the paper coating materials market include Kernow Coatings, DuPont, Zigma International, Michelman Inc, Omya AG, BASF SE, Imerys SA, Dow Chemicals, Navbharat Industries, Penford Corporation and Archroma.
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Titanium dioxide and talc are used in small quantities for special applications which require extreme whiteness, pitch control and opacity. Wax coating is an effective and economical coating method which helps to protect products from water, humidity and greases. In food industry paper is coated to prevention against humidity and oxygen. For packaging of chemicals coating materials are used to prevent any reaction with the packaging material and for protection against any external conditions such as air, sunlight, water etc.
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