PAPER CHEMICALS MARKET TO REACH USD 42 BILLION BY 2027 | CAGR 1.4% – FORENCIS RESEARCH

Global Paper Chemicals Market: Key Highlights

• According to the new market research report “Paper Chemicals Market by Forn (Speciality and Commodity), by Type (Pulp Chemicals, Functional Chemicals, and Process Chemicals), by Region (North America, Asia Pacific, Europe, Middle East & Africa, South America) – Global Forecast (2020 to 2027)”, the global paper chemicals market is estimated to reach USD 42 Billion by 2027 at a CAGR of around 1.4% during the review period.
• These chemicals are used to optimize the production process of paper and help achieve the desired properties of paper such as brightness, strength and size whilst reducing the production cost
• Paper chemicals are speciality chemicals used in paper manufacturing from the processing of pulp to the final product paper
• The major customers of paper chemicals are the pulp processors, paperboard and tissue producers, printing paper, and other general paper product manufacturers.

Global Paper Chemicals Market: Key Market Dynamics

• The rise in online shopping platforms, the demand for paper packaging products, such as corrugated boxes, folding cartons, and other flexible paper packaging solutions that offer optimum protection during shipping and handling will also gain a strong foothold in the global paper packaging
• The ban on lightweight plastic bags to improve the prospects of paper packaging is likely to drive the paper chemical market during the forecast period
• However, the declining production of graphic paper due to digitization is a major factor that hammering the global paper chemicals market

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Global Paper Chemicals Market: Regional Overview

• Asia-Pacific

The Asia-Pacific accounted for the largest market share in the global paper chemicals market. Increasing demand for paper in the packaging applications along with increasing per capita paper consumption and substantial spending on personal hygiene among the consumers in the region is expected to drive the demand for paper chemicals during the forecast period. Moreover, the rapid growth of e-commerce activities in the Asia-Pacific region propelling the paperboard packaging materials can be associated with the demand for paper processing chemicals in the region.

• North America

North America is also a prominent region in the paper chemical market, followed by the Asia-Pacific. The paper chemical market growth in this region is projected to witness slow due to the mature paper industry and declining print media market.

Global Paper Chemicals Market: Key Players Overview

• BASF SE:

BASF SE is one of the leading chemical company across the globe. The company operates through six business segments including Chemicals, Materials, Industrial Solutions, Surface Technologies, Nutrition & Care and Agricultural Solutions. The Chemicals segment consists of the Petrochemicals and Intermediates divisions. The Materials segment consists of Performance Materials and Monomers divisions. The Industrial Solutions segment consists of Dispersions & Pigments and Performance Chemicals divisions. In May 2019, BASF SE and Solenis (US) have signed an agreement to join forces by combining BASF’s paper wet-end and water chemicals business with Solenis.

• Kemira Oyj:

Kemira Oyj is a Finland based one of the leading industrial chemicals manufacturing company.  The company mainly focused on four primary areas: Paints and Coatings; Pulp and Paper Chemicals; Industrial Chemicals; and coagulants and other chemicals for water treatment processes. Pulp and Paper Chemicals represents the group's largest division, generating more than 30% of the group's revenues. The company has a global reach with its service to more than 100 countries.

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