CHICAGO, November 14, 2018 /PRNewswire/ --
According to the new market research "Paper Chemicals
Market by Form (Specialty Chemicals, Commodity Chemicals)
Type (Pulp Chemicals, Process Chemicals, Functional Chemicals), and
Region (Asia Pacific, Europe, North
America, Rest of World) - Global Forecast to
2023", published by MarketsandMarkets™, the Paper
Chemicals Market is projected to grow from USD 36.4 billion in 2018 to USD 40.2 billion by 2023, at a CAGR of 2.0%.
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Browse in-depth TOC on "Paper Chemicals
Market"
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33 - Figures
99 - Pages
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The growth of the Paper Chemicals Market can be attributed to
the growing production of packaging paper due to the high demand
for paper-based packaging over plastic-based packaging. Moreover,
the increasing awareness about sustainable packaging and increasing
per capita expenditure on food and beverages have created a high
demand for paper-based packaging. These factors are expected to
fuel the Paper Chemicals Market during the forecast period.
The pulp chemicals segment of the Paper Chemicals Market is
projected to account for the largest share during the forecast
period, in terms of value.
Based on type, the Paper Chemicals Market has been segmented
into pulp chemicals, process chemicals, and functional chemicals.
In terms of value, pulp chemicals is projected to be the largest
segment during the forecast period. The growth of this segment is
mainly attributed to recent capacity expansions in pulp production,
especially in Europe and APAC. The
growing penetration of oxygen and ozone as bleaching agents is
further expected to drive the pulp chemicals segment of the market
during the forecast period.
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On the basis of form, the specialty chemicals segment is
estimated to account for the largest share of the Paper Chemicals
Market during the forecast period, in terms of value.
The specialty chemicals segment is estimated to account for the
largest share, in terms of value. Specialty chemicals mainly
include the functional and process chemicals such as fillers &
surface coating agents, sizing agents, strength enhancement
chemicals, softeners and binders, coagulants & flocculants,
defoamers, and retention and drainage aids. The growth of this
segment is mainly attributed to the high demand for superior
properties such as durability, color strength, and aesthetics. The
growth is further backed by the demand for packaging papers for
packaging food and beverage products.
The APAC Paper Chemicals Market is projected to register the
highest CAGR during the forecast period, in terms of
value.
The Paper Chemicals Market has been studied for APAC,
North America, Europe, and Rest of World. The APAC Paper
Chemicals Market is projected to register the highest CAGR during
the forecast period, in terms of value. Over the past decades, the
pulp and paper production has moved from North America and Western Europe to Asia, predominantly in China. This creates an immense opportunity for
the consumption of paper chemicals in the region. The region has an
immense population, and there is a growing need for paper and
paperboard packaging in various industries such as food &
beverage, electrical & electronics, industrial packaging, and
others.
Kemira Oyj (Finland), BASF
(Germany), Solenis (US), Akzonobel
N.V. (Netherlands), Ecolab (US),
Ashland Inc. (US), Harima Chemicals Group (Japan), Buckman Laboratories International
Inc. (US), Archroma (Switzerland),
and Chemisphere Paper Technologies (South
Africa) are the key players operating in the Paper Chemicals
Market.
Browse Adjacent Markets @ Specialty Chemicals Market
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