The anticipated growth of the global tracing paper market is notable, with a projected valuation of US$ 470.73 million by 2023 and an expected Compound Annual Growth Rate (CAGR) of 2.4% from 2023 to 2033. The market is poised to reach a valuation of US$ 597.91 million by the conclusion of 2033, with the top three countries expected to collectively hold 30 to 40% of the global market share by 2023.
In terms of thickness, the 81 to 100 GSM segment is foreseen to dominate a substantial portion of the global market, owing to its lightweight nature and high-quality properties. As indicated by Future Market Insights (FMI), this particular segment is projected to command approximately 39% of the market share by the conclusion of 2022. This trend underscores the significance of this thickness category in the overall landscape of the tracing paper market.
Demand for tracing paper is also catalyzed by the booming architecture and construction sector, wherein tracing solutions are required for interior designs. Another aspect fueling the market growth is the growing curiosity of children and millennials in arts and crafts.
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Top Trend Boosting Sales in the Global Market
Rapid Expansion of the Construction Industry to Generate Higher Profits for Manufacturers
Tracing paper, distinguished by its smoother texture compared to conventional paper, boasts enhanced tear-resistant properties, providing durability in various applications. Its transparent nature facilitates easy drafting, making it an invaluable resource in industries such as construction and architectural drawing, digital printing and photography, as well as lamination and embossing films.
Crafted primarily from cellulose fiber, tracing paper stands out as a sustainable option due to its recyclable nature. The increasing demand for environmentally friendly and recyclable tracing paper is poised to be a driving force in the market in the coming years.
The cellulose fiber composition also imparts moisture-absorbing qualities to tracing paper. Particularly in the construction and architectural sectors, vellum paper, a type of tracing paper, finds prevalent use for engineering and drawing purposes. With a surge in global construction and renovation activities, the demand for tracing paper is expected to experience significant growth, particularly in these sectors.
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
- Jiangxi Five Star Paper Co. Ltd
- Peters Papers
- Yulu Paper Industry Co. Ltd
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Competitive Landscape
Key manufacturers of tracing paper are focusing on expanding their production capacities and resources to cater to the growing demand worldwide. Also, they are engaging in mergers and acquisitions to strengthen their presence, expand their product portfolios, and boost resources.
Some Recent Industry Developments are:
- In July 2021, Domtar Corporation announced the restarting of its paper machine at Ashdown, Arkansas, to cater to the growing demand. This is expected to help the company to expand its production capacity.
- In April 2021, Pixelle Specialty Solutions announced the acquisition of two specialty paper businesses. The company acquired Rollsource from Veritiv Corporation and the security papers & carbonless rolls business from Appvion Operations Inc. This is expected to help the company to strengthen its product portfolio.
Report Coverage
Revenue Forecast
Volume Forecast
Company Ranking
Competitive Landscape
Growth Factors
Trends
Pricing AnalysisTop of Form
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
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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.
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