Global Paper Chemicals Market: Key Highlights
Global Paper Chemicals Market: Key Market Dynamics
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Global Paper Chemicals Market: Regional Overview
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 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 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 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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