The global paper chemicals market is poised for significant growth, projected to increase from USD 38.4 billion in 2023 to USD 46.5 billion by 2033, marking a compound annual growth rate (CAGR) of 1.9% over the forecast period. This expansion reflects rising demand for specialized chemicals used in the production and enhancement of paper products worldwide.
The paper chemicals industry refers to the businesses involved in the production, supply, and distribution of chemicals and additives used in the manufacturing processes of paper and paper-based products. These chemicals are essential to improve paper quality, performance, and properties during paper manufacturing and end use.
The paper chemistry market is a key support sector for the global pulp and paper industry. It is responsible for producing a wide range of paper products for packaging, printing, writing, hygiene, and other uses.
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Paper chemicals are used at numerous stages of the papermaking process to achieve specific properties and functions. They are used in processes such as pulping, bleaching, sizing, coating, and surface treatment. This helps impart properties to it such as wet strength, dry strength, printability, and barrier resistance to the final paper product.
Demand for paper chemicals is driven by aggregate demand for paper and paper-based products widely used in industries such as packaging, printing, publishing, hygiene, and construction.
As consumer preferences shift to green and sustainable products, there is an increasing focus on developing green and environmentally friendly paper chemicals that minimize the environmental impact of paper production.
The paper chemicals market is highly competitive and constantly evolving. Companies invest in research and development to create new and improved chemicals to meet the changing needs of the paper industry.
In addition, stringent environmental regulations and sustainability efforts are influencing market trends, leading to the adoption of greener methods and chemicals in the papermaking process.
Key Takeaways from the Paper Chemicals Market Report:
- China’s paper chemicals industry is expected to reach a valuation of around US$ 10.8 billion by 2033.
- The United States paper chemicals industry is poised to reach US$ 8.1 billion by 2033.
- Paper chemical demand in the United Kingdom is anticipated to rise at a steady CAGR of 7% during the forecast period from 2023 to 2033.
- Based on type, pulp chemicals are projected to surge at a CAGR of 7% by 2033.
- The specialty chemicals segment is expected to register a CAGR of 5% from 2023 to 2033.
“The growing importance and popularity of functional chemicals that impart higher optical properties to advance printability are likewise driving the development of the paper chemicals market.” – says a lead analyst at FMI
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Competitive Landscape:
Leading paper chemicals manufacturers are constantly launching a new range of products to meet consumer demand. They are likewise using strategies such as partnerships, mergers & acquisitions, collaborations, distribution agreements and advertisements to gain a competitive edge in the market.
For instance,
- In April 2023,AmmorIndiaannouncedstrategicexpansionplansforchemicalandsteel-relatedproductswithdeliveryreaching52
- In March 2023, Nippon Paint announced the strategic expansion of the construction chemicals
Leading Manufacturers in the Global Market
- Akzo Nobel NV
- Archroma
- Ashland Global Holdings Inc.
- BASF SE
- Behn Meyer Chemicals (Qingdao) Co. Ltd.
About Future Market Insights (FMI)
Future Market Insights, Inc. (ESOMAR certified, recipient of the Stevie Award, and a member of the Greater New York Chamber of Commerce) offers profound insights into the driving factors that are boosting demand in the market. FMI stands as the leading global provider of market intelligence, advisory services, consulting, and events for the Packaging, Food and Beverage, Consumer Technology, Healthcare, Industrial, and Chemicals markets. With a vast team of ~400 analysts worldwide, FMI provides global, regional, and local expertise on diverse domains and industry trends across more than 110 countries.
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