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Specialty Pulp & Paper Chemicals Market Overview, Share And Forecast 2024-2033
The Business Research Company recently released a comprehensive report on the Global Specialty Pulp & Paper Chemicals Market Size and Trends Analysis with Forecast 2024-2033. This latest market research report offers a wealth of valuable insights and data, including global market size, regional shares, and competitor market share. Additionally, it covers current trends, future opportunities, and essential data for success in the industry.Ready to Dive into Something Exciting? Get Your Free Exclusive Sample of Our Research Report @
https://www.thebusinessresearchcompany.com/sample.aspx?id=7242&type=smp
According to The Business Research Company's, The specialty pulp & paper chemicals market size has grown strongly in recent years. It will grow from $22.49 billion in 2023 to $24.26 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to growth in demand for specialty papers, increased demand for packaging materials, rapid growth of e-commerce, increased concern over food safety, efficiency and productivity..
The specialty pulp & paper chemicals market size is expected to see strong growth in the next few years. It will grow to $32.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to sustainability and circular economy, emerging applications and market diversification, growing demand for customized solutions, consumer education and market awareness, increasing need for high-quality paper products.. Major trends in the forecast period include nanotechnology in papermaking, inkjet and digital printing paper, recycled fiber optimization, functional paper applications, digitalization and industry 4.0 integration..
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Market Drivers and Trends:
The rise in consumption of recycled paper is expected to propel the growth of the specialty pulp and paper chemicals market going forward. Recycled paper refers to a paper that is reconstituted into paper again. Specialty pulp and paper chemicals help paper production by giving a white appearance to paper and removing lignin. For instance, according to American Forest and Paper Association, a US-based go-to source on issues and up-to-date information about the industry, recovered paper consumption at U.S. paper and paperboard mills increased by 3.9% in 2021. Therefore, the rise in consumption of recycled paper is driving the specialty pulp and paper chemicals market.
Investments in the paper industry are a key trend gaining popularity in the specialty pulp and paper chemicals market. Major companies are investing in specialty pulp and paper chemicals companies to strengthen their position in the market. For instance, in March 2021, Nine Dragons Paper Holdings Ltd., a China-based paper manufacturing company operating in the specialty pulp and paper chemicals market invested RM 5.4 billion ($1.2 billion) in Malaysia to buy and expand two pulp and paper mills in Pahang and Selangor.
Key Benefits for Stakeholders:
• Comprehensive Market Insights: Stakeholders gain access to detailed market statistics, trends, and analyses that help them understand the current and future landscape of their industry.
• Informed Decision-Making: The reports provide crucial data that support strategic decisions, reducing risks and enhancing business planning.
• Competitive Advantage: With in-depth competitor analysis and market share information, stakeholders can identify opportunities to outperform their competition.
• Tailored Solutions: The Business Research Company offers customized reports that address specific needs, ensuring stakeholders receive relevant and actionable insights.
• Global Perspective: The reports cover various regions and markets, providing a broad view that helps stakeholders expand and operate successfully on a global scale.
Major Key Players of the Market:
AkzoNobel NV., Ashland Global Holdings Inc., BASF SE, Buckman Laboratories International Inc., Evonik Industries AG, Smurfit Kappa Group, Mondi Group, Kemira Oyj, SNF Floerger, The Dow Chemical Company, Lee & Man Paper, Nalco Holding Company, Shell Chemicals, Imerys, DowDuPont, Solenis, Ecolab, Huntsman Corporation, Clariant, Wacker Chemie AG, Sappi Limited, Georgia-Pacific Chemicals LLC, Omya International AG, Nippon Paper Industries Co, Buckeye Technologies Inc, Rayonier Advanced Materials Inc, Borregaard ASA, Fibria Celulose SA
Specialty Pulp & Paper Chemicals Market 2024 Key Insights:
• The specialty pulp & paper chemicals market size is expected to see strong growth in the next few years. It will grow to $32.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%.
• Growing Demand For Recycled Paper Drives Growth In The Specialty Pulp And Paper Chemicals Market
• Investments In The Specialty Pulp And Paper Chemicals Market Bolster Industry Growth
• Asia-Pacific was the largest region in the specialty pulp and paper chemicals market in 2023
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The Business Research Company (www.thebusinessresearchcompany.com) is a leading market intelligence firm renowned for its expertise in company, market, and consumer research. With a global presence, TBRC's consultants specialize in diverse industries such as manufacturing, healthcare, financial services, chemicals, and technology, providing unparalleled insights and strategic guidance to clients worldwide.
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