When paper is manufactured, sizing is added to reduce how much water the paper will absorb. Unsized papers are basically kitchen paper and so on - very absorbent and of course useless for art. Drawing papers are slightly sized ("slack sized") and have a bit of resistance to water, but watercolour papers are much more "hard sized" to make them very resistant. Now, within watercolour papers, we often refer to some as "hard sized" to mean "very hard sized" whereas the weaker sized watercolour papers are still "hard sized" in the context of all types of paper.
When paper is being put together, sizing can be added to the pulp, which results in "internal sizing", or, onto the surface ("surface sizing" - the latter is the much more water repellent form of paper.
In this video, I compared the following - the manufacturers are indicated as follows:
[DR] = Daler and Rowney
[SCM] = St Cuthbert's Mill
[C] = Canson
Chemical Pulp:
Aquafine Hot Press. This is a fairly low-end student-grade paper, which I only use for swatching normally [DR].
Optima This is not a watercolour paper - it's a mixed-media paper that I just added for a bit of a laugh really to see how it performed [DR].
Bockingford Cold Press. This is a very good paper that I use day-to-day [SCM].
Langton Rough. This is again, a decent day-to-day paper [DR].
Cotton Rag:
Langton Prestige Rough. This is a generally good paper that is a very good entry-level-to-cotton-papers paper, for people who are moving up from chemical pulp papers [DR].
Saunders Waterford Cold Press. This is pretty hard-sized and a very high quality paper [SCM].
Arches Cold Press. This is quite hard-sized but ultimately no more so than Saunders Waterford [C].
Millford Cold Press. This is almost an "extreme sized" paper, with a very strong surface sizing. There is nothing else like this on the market [SCM].
I did my tests using French Ultramarine by Winsor & Newton in one of their large pans - these are VERY economical and well worth having for the colours you use the most:
Amazon USA No stock at the time of writing.
Amazon UK
Amazon Canada No stock at the time of writing.
Jackson's