The paper pigments market is projected to grow from USD 13.52 billion in 2018 to USD 17.72 billion by 2023, at a CAGR of 5.6% from 2018 to 2023. Increasing demand for paper from the packaging industry, high demand in emerging countries, and sustained demand for uncoated paper are projected to drive the paper pigments market.
Imerys is a major manufacturer of paper pigments. The company provides paper pigments under its energy solutions & specialties business segment which accounts for 29.0% of its revenue. Carbonates, a division of the energy solutions & specialties segment, accounts for 46.0% of the segment’s revenue. The company has established a strong foothold in the pigments market through investments & expansions, joint ventures, and mergers & acquisitions.
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In February 2018, Imerys acquired the carbonate businesses of Vimal Microns and Vee Microns which are producers of calcium carbonate. This acquisition has strengthened the presence of the company in APAC. Similarly, in February 2014, Imerys acquired AMCOL International Corporation (US) for approximately USD 1.6 billion. This deal enabled Imerys increase its presence across 26 countries along with a strong footprint in the US.
Omya has majorly adopted investments & expansions and agreements, partnerships & joint ventures strategies to grow in the paper pigments market. In November 2017, Omya planned expansion in Western India at 2 sites, Surat and Taloja. This development is expected to help meet the demand for paper pigments in India. In May 2017, Omya and Ittihad Paper entered into an agreement to build a new Precipitated Calcium Carbonate (PPC) manufacturing plant in Abu Dhabi, UAE. Ittihad Paper is expected to produce high-quality printing and writing paper. This development helped the growth of both companies in the paper industry, thereby strengthening the foothold of Omya in the paper pigments market.
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