Pulp Paper Chemicals Market Analysis:
The global pulp paper chemicals market Size was valued at USD 22.07 Billion in 2022 and is projected to grow from USD 22.89 Billion in 2023 to USD 28.1 Billion by 2030, exhibiting a compound annual growth rate (CAGR) of 3.1% during the forecast period (2023 - 2030), as per the latest Market Research Future (MRFR) report. Pulp paper chemicals are utilized by paper manufacturers for facilitating the processing of pulp along with enhancing the final paper product’s quality. It is used for altering the paper in various ways such as change its brightness and color or boost resistance to water and strength.
Various factors are propelling the Pulp Paper Chemicals Market. It is witnessing increasing demand due to the rising need for bio-based, biodegradable, and lightweight packaging materials across various end-user industries such as pharmaceuticals, consumer goods, and others. Add to this, the increasing focus laid upon recycled paper, which is aiding the quality as well as the lifespan of recycled fibers, thereby influencing a positive growth in the global market landscape. Moreover, the regulations imposed across different regional markets in regard to cutting down the usage of plastics for packaging applications to tackle the environmental challenges is further anticipated to steer the global market of paper pulp chemicals. Global economic trends like the increasing number of educational centers and institutions and the growing literacy rate in developing nations have helped increase academic publications, thereby driving the global market.
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However, on the contrary, the growing prevalence of technologies replacing print-based media and academic publications can be a major challenge for the global market over the forecast period.
The Market Research Future report provides a wide segmental analysis of the pulp paper chemicals market based on type and application.
Based on type, the pulp paper chemicals market has been segmented into polymers, bleaching deinking chemicals, pulping chemicals, fillers coatings, and specialty additives. Of these, the specialty additives segment will have the largest share in the market over the forecast period.
Based on application, the pulp paper chemicals market has been segmented into printing writing, pulp, paperboard tissue, and general purpose. Of these, the paperboard tissue segment will dominate the market over the forecast period.
Based on the region, the pulp paper chemicals market report covers the latest trends and growth opportunities across the Asia Pacific, North America, Europe, and the Rest of the World (RoW). Of these, the Asia Pacific regional market stands at the top of the global market and is expected to continue its run at the top in the coming years as well. Due to increasing urbanization and industrialization across various developing nations like China, India, and South East Asian countries, the demand for paper and pulp chemicals in this region has strikingly increased. Also, the increasing demand for paper for packaging applications and the rising per capita paper consumption, and massive spending on personal hygiene has been among the biggest drivers for the regional market and is expected to continue over the ongoing forecast period.
North America is another key regional Pulp Paper Chemicals Market Revenue Share in the global landscape and is predicted to have a steady growth during the forecast period. This is due to the mature paper industry herein and the fast-declining print media market in developed and tech-savvy countries like the US and Canada.
The European market is expected to grow at a moderate pace due to the increasing exportation of pulp and the rising number of recycling activities of paper.
The Latin American market is projected to grow at a rapid pace due to similar reasons as that of Europe.
However, herein, the increasing urbanization is another factor for its growth as well.
Lastly, the Middle East and African region are projected to grow at a considerably high pace due to the expansion of the paper industry.
Leading players profiled in the pulp paper chemicals market report include Harima Chemicals Group, Inc. (Japan), Clariant (Switzerland), Ecolab (US), Ashland (US), Arakawa Chemical Industries, Ltd (Japan), BASF SE (Germany), Kemira (Finland), Solenis (US), Applied Chemicals International Group (Switzerland), SEIKO PMC CORPORATION (Japan), and others.
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