Tracing Paper Market Size set to Hit US$ 597.91 Million by 2033
Tracing paper is a thin, translucent paper used primarily in the fields of art, design, and drafting for tracing and transferring images, sketches, and designs onto other surfaces.
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.
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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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.
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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