Transparency Market Research has released a new
market report titled “Synthetic
Paper Market - Global Industry Analysis, Size, Share, Growth, Trends and
Forecast, 2014 - 2020”. According to the report, the global synthetic paper market was valued at USD 212.7 million in 2013 and is
anticipated to reach USD 338 million by 2020, expanding at a CAGR of 7.0%
between 2014 and 2020. In terms of volume, the global synthetic paper market
stood at 105.3 kilo tons in 2013.
The growing demand for synthetic paper
from the tag and label industry is expected to augment its market growth.
Physical characteristics such as durability and high tear resistance, along
with superior chemical properties, makes synthetic paper ideal for labeling
applications over natural paper. In addition, synthetic papers exhibit
excellent printing performance that makes them suitable for a wide range of
non-labeling applications. Currently, synthetic paper is used to manufacture
menu cards, maps and outdoor signs, among others. However, the volatility in
raw material prices is expected to restrain the market growth in the future.
Synthetic resins are a crucial raw material for synthetic paper manufacturing.
Resin costs typically account for 50-60% of the final value of a synthetic
paper. Hence, any fluctuation in raw material prices directly affects the
retail price of synthetic papers.
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Key product segments of synthetic paper include
biaxially oriented polypropylene and high-density polyethylene. The versatility
and cost effectiveness of biaxially oriented polypropylene film play a key role
in its overall appeal to synthetic paper manufacturers, thus challenging the
market share of other types of synthetic paper. Biaxially oriented
polypropylene accounted for over 60% of the global synthetic paper market in
2013, followed by high-density polyethylene and other synthetic resins.
High-density polyethylene synthetic paper is primarily used due to its low
initial material cost and excellent chemical resistance.
Labels and non-labels are
the primary applications of synthetic paper. Non-label was the largest
application segment, accounting for just under 60% share of the global market
in 2013. The non-labels segment comprises traditional synthetic paper products
such as maps, charts, graphic arts, and banners. Synthetic papers are UV,
chemical, water and oil resistant, which makes them ideal for a wide variety of
outdoor and indoor applications. The labels segment includes wrap-around
labels, in-mold labels, shrink labels, pressure-sensitive labels, cut and stack
labels.
With over 35% of the market
share, Asia Pacific dominated the global synthetic paper market in 2013. The
growing demand from end-user industries, especially from the cosmetics and
chemicals industries, is expected to drive the market in the coming years. The
shortage in raw material supply to Europe and the ongoing economic crisis are
expected to decrease its market share in the near future. The pharmaceutical
sector dominated the synthetic paper market in Europe. North America and RoW
followed Europe with a combined share of approximately 33% in 2013.
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Full Report at:
The global synthetic paper
market is highly concentrated as the top three players accounted for nearly 83%
of the market in 2013. Key players in the global synthetic paper market include
Yupo Corporation, PPG Industries, Arjobex, DuPont, Hop Industries, Tagleef
Industries, Nan Ya Plastics Corporation and American Profol.
About
TMR
Transparency Market
Research (TMR) is a global market intelligence company providing business
information reports and services. The company’s exclusive blend of quantitative
forecasting and trend analysis provides forward-looking insight for thousands
of decision makers. TMR’s experienced team of analysts, researchers, and
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gather and analyses information.
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updated and revised by a team of research experts so that it always reflects
the latest trends and information. With extensive research and analysis
capabilities, Transparency Market Research employs rigorous primary and
secondary research techniques to develop distinctive data sets and research
material for business reports.
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