The global tracing paper market is on an upward trajectory, with its market size projected to reach a significant valuation of US$ 470.73 million by the year 2023. Looking ahead, this market is set to sustain its growth momentum, with a forecasted Compound Annual Growth Rate (CAGR) of 2.4% from 2023 to 2033. By the conclusion of 2033, the tracing paper market is expected to achieve a substantial valuation of US$ 597.91 million.
Regarding thickness, the segment encompassing 81 to 100 GSM (Grams per Square Meter) is poised to dominate a significant share of the global market, primarily attributable to its attributes of being lightweight while maintaining high-quality standards. As indicated by Future Market Insights (FMI), this particular segment is expected to secure a substantial portion of the market, projected to account for approximately 39% of the market share by the conclusion of 2022.
This growth is underpinned by various factors, including the increasing adoption of coding in technical drawing, which has become pivotal in various industries. Additionally, transparent papers like tracing paper play a crucial role in construction drawings, enabling the creation of precise and comprehensive designs. Professionals in the construction sector find these papers indispensable for identifying key details in images and expediting the tracing process, ultimately leading to time and cost savings.
Request Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/rep-gb-8111
Top Trend Boosting Sales in the Global Market
Rapid Expansion of the Construction Industry to Generate Higher Profits for Manufacturers
Tracing paper distinguishes itself by its smooth texture, which sets it apart from traditional paper, and its inherent tear-resistant qualities that surpass those of conventional paper. Its unique feature of transparency renders it particularly well-suited for drafting purposes. Tracing paper finds applications across a spectrum of industries, including construction and architectural drawing, digital printing and photography, and in the production of lamination and embossing films.
The primary material used in the manufacture of tracing paper is cellulose fiber, a recyclable resource that contributes to the paper’s sustainable profile. The rising demand for recyclable tracing paper is poised to be a driving force propelling market growth in the foreseeable future.
Furthermore, cellulose fiber possesses moisture-absorbing properties. In the construction and architectural sectors, vellum paper, a type of tracing paper, is commonly employed for engineering and drawing needs. With the global surge in construction and renovation activities, the market is expected to witness significant growth, as the demand for tracing paper in these applications continues to rise.
Drivers:
- Art and Design Applications: Tracing paper is widely used in art, design, and illustration for sketching and tracing, driving demand from artists, architects, and designers.
- Technical Drawing: In engineering, architecture, and technical fields, tracing paper is essential for creating precise drafts, blueprints, and technical drawings.
- Education Sector: Tracing paper is used in schools and educational institutions for teaching drawing, handwriting improvement, and various creative activities.
- Growing DIY Culture: The do-it-yourself (DIY) trend has increased the demand for tracing paper among hobbyists and craft enthusiasts who use it for various DIY projects.
- Printing and Publishing: Tracing paper is used in the printing and publishing industry for proofreading and making corrections on printed materials.
- Transparency and Visualization: Tracing paper’s transparency allows for layering and visualization of different elements, making it valuable in architectural overlays and map creation.
- Archiving and Reproduction: Tracing paper is used for archiving and reproducing old documents and drawings, particularly in heritage conservation.
Buy this Exclusive Report: https://www.futuremarketinsights.com/checkout/8111
Key Market Players:
- Koehler Paper Group
- Domtar Corporation
- Mitsubishi HiTec Paper Europe GmbH
- Asia Pulp & Paper Ltd.
- Pixelle Specialty Solutions
- Nippon Paper Industries Co. Ltd.
- Oji Papéis Especiais LTDA
- Papeles y Conversiones de México
- Reflex GmbH & Co. KG
- Nekoosa Coated Products LLC
- Thermal Solutions International Inc.
- FILA-ARCHES sas
- Arjowiggins
Tracing Paper Market Outlook by Category
By Thickness:
- Up to 60 GSM
- 61 to 80 GSM
- 81 to 100 GSM
- Above 100 GSM
By Material:
- Cellulose Fiber
- Cotton Fiber
- Recycled Fiber
By Application:
- Printing
- Drawing
- Photographic & Cinema Lighting
- Embossing
- Lamination
- Others (Greeting Cards, Envelopes, etc.)
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- The Middle East and Africa (MEA)
- Oceania
Ask an Analyst: https://www.futuremarketinsights.com/ask-the-analyst/rep-gb-8111
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of over 5000 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
Contact Us:
Future Market Insights Inc.
Christiana Corporate, 200 Continental Drive,
Suite 401, Newark, Delaware – 19713, USA
T: +1-845-579-5705
For Sales Enquiries: sales@futuremarketinsights.com
Website: https://www.futuremarketinsights.com
LinkedIn| Twitter| Blogs | YouTube
