Asia-Pacific Decor Paper Market, By Product Type (Absorbent Kraft Paper, Print Base Paper, UNI Paper, Base Paper For Foil Production, Edge Banding Paper, and Others), Weight (Less than 65 GSM, 65-80 GSM, 81- 100 GSM, above 100 GSM), Color (White, Cream, Beige, Brown, Gray, Black, Others), Application (Low-pressure Laminates, High-pressure Laminates, Continuous Pressure Laminates), Raw Material (Pulp, Fillers & Binders. Coatings, Additives, Others), End-use (Furniture and Cabinets, Flooring, paneling, Store Fixture, Wallpaper, Wallcovering Laminates, Direct Printing), Industry (Household Type, Commercial Type), Country (China, Japan, South Korea, India, Indonesia, Australia and New Zealand, Taiwan, Thailand, Malaysia, Philippines, Hong Kong, Singapore and Rest of Asia-Pacific), Industry Trends and Forecast To 2029.
Market Analysis and Insights: Asia-Pacific Decor Paper Market
Asia-Pacific decor paper market is expected to gain significant growth in the forecast period of 2022 to 2029. Data Bridge Market Research analyzes that the market is growing with a CAGR of 5.9% in the forecast period of 2022 to 2029 and is expected to reach USD 3,039.11 million by 2029. Technological advancement in the field of internet connectivity is expected to boost the market.
Decor paper is used in getting quality finishes on wooden materials after impregnating. They are available in a variety of colors and weights. Recently, the machine-smoothed décor paper has gathered some steam among consumers. Flooring, paneling, and furniture surfaces are just a few of the primary application areas for the décor paper. The need for light-resistant, chemically inert décor paper has increased significantly with the rising demand for home décor. Furthermore, changing certification and standards criteria for products in wood-working markets vary from country to country. This has made a large bearing on the growth trajectories in the decor paper market.
Accelerating urbanization and consumer preferences toward modern product designs in home décor acts as a driver in the growth of the Asia-Pacific decor paper market. Shortage of raw materials for decor paper production prove to be a challenge. However, fundamental shift of demand for home décor amid the pandemic is expected to provide opportunities for the Asia-Pacific decor paper market. Stringent government norms & regulations regarding deforestation can prove to be a restrain for the market growth.
The Asia-Pacific decor paper market report provides details of market share, new developments, and product pipeline analysis, the impact of domestic and localized market players, analyses opportunities in terms of emerging revenue pockets, changes in market regulations, product approvals, strategic decisions, product launches, geographic expansions, and technological innovations in the market. To understand the analysis and the Decor Paper market scenario contact Data Bridge Market Research for an Analyst Brief. Our team will help you create a revenue impact solution to achieve your desired goal.
Asia-Pacific Decor Paper Market Scope and Market Size
Asia-Pacific decor paper market is segmented into seven notable segments, which are based on the product type, weight, color, application, raw materials, end-use and industry. The growth among segments helps you analyze niche pockets of growth and strategies to approach the market and determine your core application areas and the difference in your target markets.
- On the basis of product type, the Asia-Pacific decor paper market is segmented into absorbent Kraft paper, print base paper, UNI paper, base paper for foil production, edge banding paper & others. In 2022, the print base paper segment is expected to dominate the market because of its high color precision characteristics.
- On the basis of weight, the Asia-Pacific decor paper market is segmented into less than less than 65 GSM, 65-80 GSM, 81- 100 GSM, and above 100 GSM. In 2022, less than 65 GSM is expected to dominate the market as they are economical and lightweight which is perfect for fast printing.
- On the basis of color, the Asia-Pacific decor paper market is segmented into white, cream, beige, brown, grey, and black. In 2022, brown color is expected to dominate the market as it gives good surface finishing and more of a natural look in the home décor.
- On the basis of application, the Asia-Pacific decor paper market is segmented into low-pressure laminates, high-pressure laminates, and continuous pressure laminates. In 2022, high-pressure laminates are expected to dominate the market as they are commonly used in residential and commercial areas.
- On the basis of raw materials, the Asia-Pacific decor paper market is segmented into fillers & binders, pulp, coatings, additives & others. In 2022, pulp is expected to dominate the market as the décor paper is mostly manufactured from pulp and is the most sustainable raw material for product design.
- On the basis of end-use, the Asia-Pacific decor paper market is segmented into furniture and cabinets, flooring, paneling, store fixture, wallpaper, wallcovering laminates & direct printing. In 2022, flooring is expected to dominate the market as they are used to upgrading the surface of a wood-based panel in commercial and residential areas.
- On the basis of industry, the Asia-Pacific decor paper market is segmented into household type & commercial type. In 2022, the commercial type segment is expected to dominate the market as décor papers are highly used in commercial spaces to decorate the interior walls.
Asia-Pacific Decor Paper Market Country Level Analysis
The Asia-Pacific decor paper market is analyzed, and market size information is provided by country, offering, deployment model, organization size, voice type, operating device, file format and end-user as referenced above.
The countries covered in the Asia-Pacific decor paper market report are China, Japan, South Korea, India, Indonesia, Australia and New Zealand, Taiwan, Thailand, Malaysia, Philippines, Hong Kong, Singapore and Rest of Asia-Pacific. China is expected to dominate the Asia-Pacific region due to the enhancement in the housing sector and manufacturers in the country.
The country section of the report also provides individual market impacting factors and changes in regulation in the market domestically that impact the current and future trends of the market. Data points such as new sales, replacement sales, country demographics, regulatory acts, and import-export tariffs are some of the major pointers used to forecast the market scenario for individual countries. Also, the presence and availability of Asia-Pacific brands and their challenges faced due to large or scarce competition from local and domestic brands, the impact of sales channels are considered while providing forecast analysis of the country data.
Rise in Demand for Digitalization in Content in Educational Sector is Boosting the Market Growth
The Asia-Pacific decor paper market also provides you with detailed market analysis for every country's growth in a particular market. Additionally, it provides detailed information regarding the market players' strategy and their geographical presence. The data is available for the historic period 2011 to 2020.
Competitive Landscape and Decor Paper Market Share Analysis
Asia-Pacific decor Paper market competitive landscape provides details by a competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, production sites and facilities, company strengths and weaknesses, product launch, product trials pipelines, product approvals, patents, product width, and breadth, application dominance, technology lifeline curve. The above data points provided are only related to the companies’ focus related to Decor Paper market.
- Some of the major players operating in the Asia-Pacific decor paper market are SURTECO GmbH, Onyx Papers, BMK GmbH, Ahlstrom-Munksjö, Lamigraf, Impress Surfaces GmbH, Pura Group, Comtrad Strategic Sourcing, DIC CORPORATION (2021), TOPPAN INC., Stora Enso, CHIYODA, Ved Cellulose Ltd, KJ SPECIALITY PAPER Co., Ltd., and others.
Many contracts and agreements are also initiated by the companies worldwide, which are also expected to accelerate the Asia-Pacific decor paper market.
For instance,
- In January 2021, SURTECO GmbH announced the release of Pfleiderer DST-Collection into its own KSP instant edge range. The range will include 295 decors and structures. The KSP collection will have more than 1600 colors and is a perfect match for all standard board manufacturers. Thus the company will be able to expand its product portfolio.
- In September 2021, Ahlstrom-Munksjö announced that they have acquired Minglian New Materials Technology Co., Ltd., a Chinese decor paper producer. These will allow the company to leverage its brand and capabilities in the large and growing high-end decor paper market in China and strengthen its ability to serve international customers both in the short- and long term. Thus the expansion will help the company to expand its global presence in the market.
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