Paper Coating Materials Market Worth $6.5 Billion by 2019
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The report also identifies the driving and restraining factors for the paper coating materials market with an analysis of trends, opportunities, burning issues, and winning imperatives. The market is segmented and the value has been forecasted on the basis of important regions such as North America, Asia-Pacific, Europe, and Rest of the World (ROW). Further, the market is segmented and the demand and value are forecasted on the basis of key applications of paper coating materials such as various coated papers, corrugated packaging, and others.
The market for paper coating materials, in terms of value is estimated to reach $6.5 billion by 2019, growing at a CAGR of 2.5% from 2014 to 2019. In terms of volume, Asia-Pacific dominated the paper coating materials market in 2013 and is estimated to remain the major market by 2019, growing at a CAGR of 4.2% during the review period. Europe and North America are projected to experience a comparatively slower growth rate for the next five years, due to rising consumption in the Asia-Pacific region, where end-user markets of paper coating materials are growing rapidly.
ROW is estimated to be the second fastest growing market for paper coating materials in the next five years. The Asia-Pacific will be the largest, with major developments in China, South Korea, and Japan. ROW and Asia-Pacific together accounted for more than 50% of the paper coating materials market volume in 2013. These two regions are expected to compete with each other to dominate the market by 2019, with advanced technological developments in paper coating materials for end-users.
