Paper Chemicals Market Report 2024-2033 - Industry Size & Forecast

The Business Research Company recently released a comprehensive report on the Global 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.

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According to The Business Research Company's, The paper chemicals market size has grown steadily in recent years. It will grow from $38.92 billion in 2023 to $40.12 billion in 2024 at a compound annual growth rate (CAGR) of 3.1%. The growth in the historic period can be attributed to rising paper consumption, focus on sustainable paper production, increasing demand for specialty papers, urbanization and industrialization, government regulations and standards, consumer preferences for sustainable packaging, globalization of paper supply chains.

The paper chemicals market size is expected to see steady growth in the next few years. It will grow to $45.44 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%. The growth in the forecast period can be attributed to economic growth, biodegradable packaging trends, increasing smart packaging applications, increasing focus on paper recycling, stringent environmental regulations, emergence of bio-based chemicals. Major trends in the forecast period include growing preference for functional paper additives, technological advancements in paper manufacturing, focus on water and energy conservation, shift towards digitalization in paper mills, preference for alkaline papermaking, customization of paper chemical solutions.

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Market Drivers and Trends:

The growing demand for wood is expected to propel the growth of the paper chemicals market going forward. Wood is a natural, organic material that forms the structural tissue of trees and woody plants and is widely used as a versatile material. Wood is used in the production of paper chemicals for pulping process and used as primary component of obtaining cellulose fibers, tall oil and rosin. For instance, in December 2022, according to the Natural Resources Institute, a Finland-based government office, total round wood use in Finland in 2021 was 85.2 million cubic meters. Comparing the sum to the prior year, there was a 9% rise. Furthermore, the number of by-products and other types of wood waste used was 27.7 million cubic meters, which is an increase of 17% over the previous year. Therefore, growing demand for wood is driving the growth of the paper chemicals market.

Technological advances are a key trend in the paper chemicals market. 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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Major Key Players of the Market:

Kemira Oyj, BASF SE, Solenis International LLC, Akzo Nobel N.V., Ecolab Inc., Ashland Global Holdings Inc., Buckman Laboratories International Inc., Chemisphere Ltd., Dow Inc., Evonik Industries AG, Georgia-Pacific Chemicals LLC, Huntsman Corporation, Imerys S.A., Kurita Water Industries Ltd., Nalco Water, Omya Group, PPG Industries Inc., Solenis LLC, Minerals Technologies Inc., Stepan Company, Synthomer plc, Tate & Lyle PLC, The Chemours Company, Lubrizol Corporation, The Procter & Gamble Company, Sherwin-Williams Company, WestRock Company, Zhejiang Kefeng Silicone Co. Ltd., Buckman Laboratories InternationalInc., Archroma Corporation

Paper Chemicals Market 2024 Key Insights:

• The paper chemicals market size is expected to see steady growth in the next few years. It will grow to $45.44 billion in 2028 at a compound annual growth rate (CAGR) of 3.2%.
• Rising Adoption Of Paper-Based Packaging Catalyst For Growth In The Paper Chemicals Market
• Advancing Paper Production Efficiency With Verpap-Sa Chemical Innovation
• Asia-Pacific was the largest region in the paper chemicals market in 2023

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