- Rising demand from building &construction industry for ready-to-assemble furniture and ornamental &laminated interiors is estimated to fuel the expansion of the saturated kraft paper market
- Rapid growth of the eCommerce industry as well as online shopping is likely to generate income streams for firms in the saturated kraft paper market
Global Saturating Kraft Paper Market: Overview
The rising demand for decorative surfaces and laminates across the globe is anticipated to fuel the expansion of the global saturated kraft paper market. Laminates made of saturated kraft paper give consistency as well as uniformity to a product. Chemicals are commonly added to kraft paper, resulting in increased strength, thickness, and durability. The weight of saturated kraft paper varies depending on its application, varying from less than 50 GSM to more than 200 GSM.
Saturated kraft paper can be used for a variety of purposes, including shelves, countertops, floors, etc. Due to its ability to be recycled, saturated kraft paper has a negligible impact on the environment.Saturated kraft paper has a variety of benefits that make it excellent for use in the building &construction industry. Benefits of this paper comprise rigidity, tear resistance, product homogeneity, eco-friendliness, and high porosity. Besides, the saturated kraft paper acts as a moisture barrier.
The global saturated kraft paper market is expected to develop at a CAGR of 4.6 %, in terms of revenue,during the forecast period, from 2021 to 2031.
Key Findings of Market Report
- Sale of Saturated Kraft Paper to be Triggered by Increasing Demand for RTA Furniture
The majority of ready-to-assemble furniture is either semi-finished or unfinished, and can be purchased in pieces and then assembled by consumers. The growing demand for ready-to-assemble (RTA) furniture can be attributed to continual design &décor innovation and demand for better quality.
RTA furniture is also easy to assemble, less likely to be damaged during shipping, and are portable. In addition to these advantages, the price of this type of furniture as well as its maintenance cost is also very low. The reduced price of RTA furniture compared to traditional furniture, and its appealing design has resulted in increased customer demand in both developing and developed nations. The growing popularity of RTA furniture is likely to drive the demand for colorful and appealing laminates and ply, which is likely to foster growth of the global saturating kraft paper market.
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- Unbleached Saturated Kraft Paper Increasingly Used in High-pressure Decorative Laminates
In comparison with bleached kraft paper, unbleached ones are expected to have larger revenue share of the market. Unbleached saturated kraft paper, which is predominantly utilized as a core paper in applications such as high-pressure decorative laminate, is witnessing an increase in the demand, and the trend is likely to continue in the near future.
For lamination purposes, the unbleached saturated kraft paper is promoted for its uniformity and high performance. Businesses in the saturated kraft paper industry are mostly concentrating on unbleached saturated kraft paper, as it can cause rapid phenolic resin impregnation as well as laminate processability. Unbleached saturated kraft paper is used to make compact laminate sheets.
Saturating Kraft Paper Market: Growth Drivers
- The construction sector is expected to play a significant role in the development of the saturated kraft paper market. The impact of this sector on the market is expected to be greater in regions such as Middle East &Africa and Asia Pacific. The number of infrastructure development and real estate projects in Asia Pacific region has risen substantially in the recent years, which is likely to work well for the market.
- Key companies in this market are concentrating on offering customized saturated kraft paper for laminate flooring. Consumers can choose from a variety of design options provided by laminate manufacturers. Laminate flooring is a less expensive option in comparison to ceramics and various other woody substances.
Saturating Kraft Paper Market: Key Competitors
- Shanghai Plastech Group Limited
- Ahlstrom-Munksjo Oyj
- Fortune Paper Mills LLP
- Nordic Paper AS
- Venkraft Paper Mills Pvt. Ltd.
- Onyx Specialty Papers, Inc.
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