Pulp & Paper Chemicals Market to Expand at a Torrid Pace —
Pulp & Paper Chemicals Market Segmentation
Market Research Future report offers a comprehensive segmental analysis of the pulp and paper chemicals market on the basis of type and application.
Based on type, it is segmented into specialty additives, pulping chemicals, fillers and coatings, polymers and bleaching and deinking chemicals. Of these, specialty additives will dominate the market over the estimated years at the highest CAGR.
Based on application, the pulp and paper chemicals market is segmented into general purpose, printing and writing, paperboard and tissue and pulp. Of these, paper board and tissue will have the largest share in the market due to burgeoning demand for packaging materials that are lightweight amid different end-use industries namely food and beverages, pharmaceuticals and FMCG.
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The global pulp and paper chemicals market is projected to have a promising growth at a healthy CAGR over the estimated years (2016-2023). Pulp and paper chemicals simply put are the raw materials that is needed to produce paper. Reduced energy and water consumption are one of its key benefits. This chemical is mainly used for optimizing the paper production process along with attaining the desired characteristics of paper namely size, strength and brightness and at the same time cutting down the cost of production. The key paper and pulp chemicals customers include printing paper, tissue and paperboard producers, pulp processors and other usual paper product manufacturers.
There are several factors that is propelling the growth of the pulp and paper chemicals market. These factors according to MRFR (Market Research Future) report include burgeoning demand for packaging materials that are lightweight, bio-based and biodegradable amid numerous end-use industries including pharmaceutical and consumer goods to name a few, rising emphasis on recycled paper where improving the lifespan and quality of the recycled fibers is a key aspect, regulations in the various continents the world over for cutting down the use of plastics especially in packaging applications for addressing environmental challenges, growing number of educational institutions and centers and increasing literacy rates in developing economies which has increased the number of academic publications that in turn has boosted the demand for pulp and paper. On the contrary, rising prevalence of technology that is replacing academic publications and print media may hamper the growth of the pulp and paper chemicals market over the estimated years.
Based on region, the pulp and paper chemicals market covers growth opportunities and latest trends across North America, Europe, Asia Pacific, Latin America and Middle East and Africa. Of these, APAC will spearhead the market owing to industrialization and urbanization in the developing economies mainly China, India and the Southeast Asian countries. The additional factors that is propelling the demand of the pulp and paper chemicals market in this region include rising need for paper in various packaging applications, rising per capita paper consumption, substantial investment on personal hygiene and considerable growth of the e-commerce activities.
The pulp and paper chemicals market in North America is a prominent one but it is likely to have a slow growth due to the declining print media market and the mature paper industry in the US. In Europe, the pulp and paper chemicals market is anticipated to have a moderate growth in the Western European countries, but in the Eastern European countries the market is prognosticated to expand substantially owing to growing recycling of paper and rising export of pulp. In Latin America, the pulp and paper chemicals market is anticipated to expand at a noteworthy rate owing to increasing paper export and urbanization here. The pulp and paper chemicals market in the Middle East and Africa is projected to grow substantially over the estimated years due to the rapid expansion of the paper industry in this region.
The pulp and paper chemicals market is fragmented and highly competitive owing to the presence of various big and small key players. The key players are implementing various strategies such as acquisition, product innovation and technological advancement for expanding their reach across the globe.
Leading players profiled in the pulp and paper chemicals market include SEIKO PMC CORPORATION (Japan), Solenis (US), Applied Chemicals International Group (Switzerland), Harima Chemicals Group, Inc. (Japan), Arakawa Chemical Industries, Ltd (Japan), Ecolab (US), Clariant (Switzerland), Ashland (US), Kemira (Finland), and BASF SE (Germany).
Feb 2019- Leading pulp and paper chemicals companies Solenis and BASF have completed their merger of water chemicals and wet-end paper business of BASF with Solenis. Together under the brand of Solenis, they will offer cost-effective solutions and chemical offerings for customers in paper, pulp, oil and gas, mining, chemical processing, municipal, power, biorefining and other forms of industrial markets.
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