Paper Chemicals Market Size Worth $52.91 Billion by 2033: The Brainy Insights
The paper chemicals market size is anticipated to grow from USD 35.4 Billion in 2023 to USD 52.91 Billion in 10 years. The market ought to witness a positive growth rate owing to growing awareness regarding environment friendly packaging products.
Newark, Feb. 27, 2024 (GLOBE NEWSWIRE) -- The Brainy Insights estimates that the global paper chemicals market will grow from USD 35.4 Billion in 2023 to USD 52.91 Billion by 2033. Paper chemicals are important for the bleaching process. This procedure aims to remove any remaining impurities and achieve the intended brightness level of pulp through various methods, including selected treatments with bleaching agents such as chlorine, hydrogen peroxide, and sodium chlorate. It is crucial to strike a careful balance in choosing these chemicals to effectively bleach while preserving cellulose fibres' integrity without causing damage or compromising their quality standards. Retention aids play a pivotal role in papermaking, serving as crucial elements to ensure quality production. Their primary function is to promote the capture of fine particles, fibres and fillers within the paper's structure during forming, ultimately boosting its resilience, opaqueness and printing properties. Doing so effectively prevents key materials from seeping away throughout drainage processes, resulting in more efficient use of resources across all stages involved with generating high-quality papers.
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Key Insight of the Paper Chemicals Market
North America region is expected to grow at the highest CAGR during the forecast period.
During the forecast period, Europe is expected to grow at the highest CAGR within the global paper chemicals market. The North America region will significantly expand. In North America, the paper chemicals market is fuelled by the significant influence of the packaging industry. The booming e-commerce sector and increasing demand for sustainable packaging solutions drive growth in the regional market. Additionally, there's an apparent trend towards eco-friendly and recyclable materials, which has significantly influenced the formulation and application of paper chemicals across different businesses in this region. Additionally, the paper chemicals industry in North America prioritizes technological advancements and the innovation of new products. Through investment in research and development initiatives, companies strive to improve paper goods' effectiveness, productivity, and eco-friendliness. This commitment to innovation has boosted its prominence within global markets by providing a distinct advantage over competitors.
The bleaching chemicals segment is expected to hold the second largest market share during the forecast period.
The type segment includes bleaching chemicals, pulping chemicals and functional chemicals. The bleaching chemicals segment is expected to hold the second largest market share during the forecast period. Playing a vital role in improving the purity, brightness and overall visual attractiveness of paper items, bleaching chemicals possess a significant portion of the worldwide market for paper chemicals. Eliminating impurities, lignin, and pigmentation from pulp is crucial when creating top-notch papers, thus making bleaching an indispensable step in its production. The usage of bleaching chemicals is intricately linked to the expansion of the paper and packaging sectors, coupled with a rising inclination among customers towards spotless and vivid paper commodities. Moreover, specialty papers utilized for printing purposes or high-end applications amplify this demand for advanced bleaching techniques. With continuous strides in environmental preservation measures, while maintaining optimum quality output rationales by industry manufacturers, market leadership regarding the consumption of these compounds is impacted.
The specialty chemicals segment is expected to grow at the highest CAGR during the forecast period.
The product type segment is bifurcated into specialty chemicals and commodity chemicals. The specialty chemicals segment is expected to grow at the highest CAGR during the forecast period. The speciality chemicals segment is expanding its market share in the global paper chemicals industry. Its focus is to cater to unique and sophisticated needs within paper production by targeting niche applications and specific paper goods. The category covers many additives, coatings, and treatments that boost paper functions' efficacy while elevating quality standards. The speciality chemicals segment's growth can be attributed to the rising need for superior-quality paper goods with exceptional performance. These include speciality papers utilized in various industries like packaging, labelling, healthcare applications and electronics that require distinct formulae capable of meeting strict specifications. Through its unique concoctions, speciality chemicals contribute significantly to creating highly durable prints with strengthened attributes that resist water damage.
The hygiene products segment is expected to grow at the highest CAGR during the forecast period.
The application segment is bifurcated into packaging & board, printing & writing and hygiene products. The hygiene products segment is expected to grow at the highest CAGR during the forecast period. The growing awareness of personal health and sanitation worldwide is a significant factor behind the segment's growth and development. This surge in demand for paper-based hygiene products, augmented by specialized chemicals developed specifically for this field, has been fueled by heightened emphasis on maintaining good health and cleanliness practices. The Hygiene Products segment greatly benefits from tissue papers, essential items such as facial tissues, toilet paper and paper towels that we use daily. Paper chemicals play an important role in ensuring these products meet consumer expectations for comfort and performance in softness, strength and absorbency.
Report Scope and Segmentation -
Report Coverage | Details |
Forecast Period | 2024-2033 |
Forecast CAGR | 4.1% |
2033 Value Projection | USD 52.91 Billion |
Market Size in 2023 | USD 35.4 Billion |
Historical Data | 2020-2022 |
No. of Pages | 238 |
Report Coverage | Revenue Forecast, Company Profiles, Competitive Landscape, Growth Factors and Latest Trends |
Segments Covered | by Type, Application, Product Type |
Regions Covered | The regions analyzed for the market are Asia Pacific, Europe, South America, North America, and Middle East & Africa. Furthermore, the regions are further analyzed at the country level. |
Paper Chemicals Market Growth Drivers | Escalating Demand for Paper and Paperboard Products |
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Recent Developments:
• In January 2022: Radix Company and Conmark Systems Inc. have formed an international strategic collaboration. Improving global manufacturing solutions through cutting-edge integrated technology and services targeted at the pulp paper and other process sectors is a common goal shared by both companies. The cooperation's first project will be creating a fully integrated ESG solution for the pulp and paper industry. This all-inclusive system will have a complete modelling and reporting solution and an integrated skid that allows mills to measure fibre losses.
Market Dynamics
Driver: Rising Awareness Regarding Health & Hygiene
The increasing recognition of health and cleanliness significantly impacts the need for paper chemicals in manufacturing tissue and hygiene items. The strictness of sanitation requirements insists the paper industry boosts the characteristics of tissues and sanitary papers, prompting them to utilize chemical additives like wet strength agents, softeners, and antimicrobial elements to elevate quality standards or enhance product utility. This trend aligns with global initiatives towards personal and public wellness, further strengthening demand for specific paper chemicals catered specifically towards promoting hygiene-oriented products. This factor is stimulating the market growth and development.
Restraint: Fluctuating Raw Material Prices
The paper chemicals market faces an ongoing challenge due to the ever-changing raw materials and energy resources prices. Many paper chemical products are made from petrochemicals, thus making them vulnerable to fluctuations in crude oil values. As a result, sharp variations in energy and raw materials costs can heavily influence production expenses, resulting in diminished profit margins for manufacturers. Given this industry's susceptibility to economic variables, companies must adopt effective cost management techniques that limit volatile input prices' impact on their operations while maintaining optimal output levels despite uncertainty surrounding these unpredictable scenarios. This factor is restraining the market growth and development.
Opportunity: Growing Globalization & Cross-border Trading Activities
Expanding international trade and commerce is a significant driver behind the growth of the global paper chemicals market. As cross-border transactions and supply chains increase, demand for high-quality packaging materials arises. In fulfilling this need, paper chemicals are pivotal in producing appealing characteristics like durability, strength, printability, etc., catering to the diverse requirements of a global marketplace. To satisfy distinct needs across industries and different regions worldwide amidst the ever-evolving dynamics of international trade whilst satisfying consumers' appetite for superior quality packing solutions has led to innovative approaches towards designing and adapting various sorts of advanced paper chemical derivatives that respond diligently by meeting customized-client-based necessities. This factor is anticipated to provide lucrative growth opportunities in the upcoming years.
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Some of the major players operating in the paper chemicals market are:
• Archer Daniels Midland Co.
• BASF SE
• Cargill Inc.
• DuPont de Nemours Inc.
• Ecolab Inc.
• Evonik Industries AG
• Huntsman International LLC
• Imerys SA
• Kemira Oyj
• Superior Plus Corp.
Key Segments Cover in the Market:
By Type:
• Bleaching Chemicals
• Pulping Chemicals
• Functional Chemicals
By Product Type:
• Specialty Chemicals
• Commodity Chemicals
By Application:
• Packaging & Board
• Printing and Writing
• Hygiene Products
By Region
• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)
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About the report:
The market is analyzed based on value (USD Billion). All the segments have been analyzed worldwide, regional, and country basis. The study includes the analysis of more than 30 countries for each part. The report analyzes driving factors, opportunities, restraints, and challenges to gain critical market insight. The study includes porter's five forces model, attractiveness analysis, product analysis, supply, and demand analysis, competitor position grid analysis, distribution, and marketing channel analysis.
About The Brainy Insights:
The Brainy Insights is a market research company, aimed at providing actionable insights through data analytics to companies to improve their business acumen. We have a robust forecasting and estimation model to meet the clients' objectives of high-quality output within a short span of time. We provide both customized (clients' specific) and syndicate reports. Our repository of syndicate reports is diverse across all the categories and sub-categories across domains. Our customized solutions are tailored to meet the clients' requirements whether they are looking to expand or planning to launch a new product in the global market.
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