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Paper Chemicals Global Market 2023 - Latest Trends, Technological Advancement, Driving Factors And Forecast To 2032
Paper Chemicals Market
The Business Research Company's Paper Chemicals Global Market Report 2023 identifies increase in usage of paper-based packaging as the major driver for the Paper Chemicals market's growth in the forecast period. Paper containers also referred to as paper packaging, are a highly efficient and affordable alternative that the public can use to move, carry, and store a variety of things. The majority of paper packaging products, including jars for soup, plates, and bowls, contain PFAS (which are paper chemicals). Paper-based packaging can be recycled easily and contributes to sustainability.
The global paper chemicals market size is expected to grow from $38.21 billion in 2022 to $39.21 billion in 2023 at a compound annual growth rate (CAGR) of 2.6%. The Russia-Ukraine war disrupted the chances of global economic recovery from the COVID-19 pandemic, at least in the short term. The war between these two countries has led to economic sanctions on multiple countries, a surge in commodity prices, and supply chain disruptions, affecting many markets across the globe. The paper chemicals market size is expected to grow to $43.77 billion in 2027 at a CAGR of 2.8%.
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Major competitors in the Paper Chemicals market are Kemira Oyj, BASF, Solenis, Akzonobel NV, Ecolab, Ashland Inc., Harima Chemicals Group, Buckman Laboratories International Inc., Archroma.
A key trend in the Paper Chemicals market includes technological advances. Companies in the market are focusing on the development of efficient paper chemicals for better overall quality of the manufactured paper. For instance, in 2022, Vertex Chem, an India-based industrial chemicals company, introduced a new range of chemicals for the pulp and paper segment. The VERPAP-SA (slushing aid) was developed to reduce the pulping time by wetting the fibers as fast as possible, which reduces the refining load and fines in the system by enabling better formation.
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The Paper Chemicals market is segmented -
• By Chemical Type: Bleaching Chemicals, Pulping Chemicals, Functional Chemicals
• By Form: Specialty, Commodity
• By Application: Packaging And Board, Printing And Writing, Hygiene Products
• By Geography: Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa. Asia-Pacific was the largest region in the Paper Chemicals market.
The Business Research Company's "Global Paper Chemicals Market Report 2023" provides a thorough understanding of the market across 60 geographies. The report covers market size, growth rate, segments, drivers and trends in every region and country. In addition, the report offers insights on historical and forecast growth, helping players analyze and strategize better.
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The Table Of Content For The Paper Chemicals Market Include:
1. Executive Summary
2. Paper Chemicals Market Characteristics
3. Paper Chemicals Market Trends And Strategies
4. Paper Chemicals Market - Macro Economic Scenario
5. Paper Chemicals Market Size And Growth
.....................
26. Africa Paper Chemicals Market
27. Paper Chemicals Market Competitive Landscape And Company Profiles
28. Key Mergers And Acquisitions In The Paper Chemicals Market
29. Paper Chemicals Market Future Outlook and Potential Analysis
30. Appendix
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