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.
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.
Get Exclusive Sample Copy of the Report: https://www.futuremarketinsights.com/reports/sample/REP-GB-8111
Market Drivers
- Art and Craft Industry Growth:
- The art and craft industry is a significant consumer of tracing paper. As this sector expands, the demand for tracing paper also increases. Tracing paper is commonly used for sketching, drawing, and other artistic activities.
- Architectural and Engineering Applications:
- Tracing paper is widely used in the architectural and engineering fields for drafting and tracing technical drawings. Growth in construction and infrastructure projects contributes to the demand for tracing paper.
- Educational Sector Demand:
- The use of tracing paper in educational institutions, especially in art and design courses, drives the market. Schools, colleges, and universities often use tracing paper for various projects and assignments.
- Stationery and Office Supplies:
- The general use of tracing paper in offices and as part of stationery supplies contributes to market growth. It is used for making copies, overlays, and other documentation purposes.
- Growing Graphic Design Industry:
- With the increasing importance of visual communication, the graphic design industry is expanding. Tracing paper is utilized in this sector for preliminary sketches and design iterations.
Top Market Trends
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.
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.
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.
Request Report Methodology: https://www.futuremarketinsights.com/request-report-methodology/rep-gb-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
- Jiangxi Five Star Paper Co. Ltd
- Peters Papers
- Yulu Paper Industry Co. Ltd
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 Analysis
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
Buy this Exclusive Report: https://www.futuremarketinsights.com/checkout/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