Global Paper Chemicals Market Outlook 2031:
The global paper chemicals market size was valued at USD 38.85 Billion in 2022 and is projected to reach USD 48.52 Billion by 2031, expanding at a CAGR of 2.5% during the forecast period 2023 - 2031.
Paper chemicals are stated as the group of chemical that reacts with each other to produce the paper, or to customize the properties of paper production. By using the paper chemicals it allows to change the properties of paper in terms of colors, strength, brightness, and water resistance.
These chemicals include the water management coagulant, retention aids fixing agents, and flocculants. Generally, to optimize the cost of the products and increase the efficiency the process chemicals are used.
The process chemical includes the coating agents such as colorant and color developer that are used to develop characteristics of the paper to gain the excellent performance and results. Increasing demand from the industries and ongoing trend for paper bags and paper materials boost the market. The use of paper chemicals is widely adopted by the textile industry; Textiles are bleached with the paper chemicals in order to maintain the color.
Paper Chemicals Market Trends, Drivers, Restraints, and Opportunities
- Increasing demand for coloured paper for making posters, paper flags, decorative strings, handmade crafts and goodies amongst people is estimated to boost the market.
- Factors such as ban on plastic materials, increasing demand for the paper portable products such as disposable plates, cups, baggage, and paper wraps fuel the market. Besides this the excessive use of paper material by the media and print media to produce newspapers, magazines, and pamphlets drives the market.
- Increasing demand for paper chemicals is due to its low cost and it is recycling in nature. Using paper chemical products results to deceased the consumption of plastic materials that can be useful to maintain the healthy environment.
- Increasing bio-refineries, rising awareness related to packaging creates new opportunities for the manufacturers in the market.
Scope of Paper Chemicals Market Report
The report on paper chemicals market includes an assessment of the market, size, share, trends, segments, and regional markets. Overview and dynamics have been included in the report.
Attributes
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Details
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Report Title
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Paper Chemicals Market - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast
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Base Year
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2022
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Historic Data
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2016 & 2021
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Forecast Period
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2023–2031
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Segmentation
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Types (Process Chemicals, Functional Chemicals, and Pulp Chemicals), Forms (Specialty Chemicals and Commodity Chemicals), Application (Building & Construction, Labelling, Packaging, Writing & Printing, and Others)
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Regional Scope
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Asia Pacific, North America, Europe, Latin America, and Middle East & Africa
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Report Coverage
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Market scope, analysis, share, competitive analysis, growth facts, restraints, opportunities, and revenue forecast
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Key Players Covered in the Report
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ExxonMobil, Donaldson Company, Shell Chemicals, SNF Floerger, Buckman, Kemira, Dow, Kemin, Ashland, Nalco, Clariant, and BASF
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Paper Chemicals Market Segment Insights
Based on types, the paper chemicals market is segregated into process chemicals, functional chemicals, and pulp chemicals. The pulp chemical segment is projected to hold significant market share.
The growth of the pulp chemicals segment is attributed to its huge acceptance for making the bleach elements such as chlorine oxide hydrogen peroxide, sodium bisulfide, and sodium chlorate. In the production of these elements oxygen and ozone are used on a large scale.
On the basis of form, the paper chemicals market is bifurcated into specialty chemicals and commodity chemicals. The specialty chemicals segment held substantial market share in 2020, owing to its acceptance by the industries such as food and beverages to make, serve, and deliver their products.
Specialty chemicals are originated by the organic chemicals the use of these chemicals gives variety of effects in terms of flavours and fragrances. Industries such as oil & gas and cosmetics have also adopted specialty chemicals widely.
Based on applications, the paper chemicals market is fragmented into building & construction, labelling, packaging, writing & printing, and others. The packaging segment dominates the largest segment owing to its huge demand in industries that includes food & beverages and manufacturing industries.
Currently this industries focus on paper based products so as to reduce the cost of other glass and plastic material products, paper packaging products are now the best substitute for the other material. Thus, it reduces the amount of consumption of plastics and results in eco-friendly environment.
In terms of regions, the global paper chemicals market can be split into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.North America is anticipated to dominate the market.
Multiple norms and the government protocols regarding to avoid the use of products and chemicals that can be harmful for the environmental health issues. This activity is performed as to deplet the amount of carbon emission that is projected to drive the market during forecast period.
Segments
Types
- Process Chemicals
- Functional Chemicals
- Pulp Chemicals
Forms
- Specialty Chemicals
- Commodity Chemicals
Applications
- Building & Construction
- Labeling
- Packaging
- Writing & Printing
- Others
Regions
- North America
- Europe
- Latin America
- Asia Pacific
- Middle East & Africa
Key Players
Competitive Landscape
Key players in the paper chemicals market include ExxonMobil, Donaldson Company, Shell Chemicals, SNF Floerger, Buckman, Kemira, Dow, Kemin, Ashland, Nalco, Clariant, and BASF. These players are engaged in mergers & acquisitions, collaborations, agreements, and partnerships to strengthen their geographical presence.