What is the Historic and Current Scenario of the Paper Chemicals Market?
The paper chemicals market has seen considerable growth due to a variety of factors.
• In recent times, there has been a consistent increase in the size of the paper chemicals market. It is projected that this market will expand from $39.85 billion in 2024 to $40.96 billion in 2025, at a compound annual growth rate (CAGR) of 2.8%. Factors that contributed to growth during the historical period include an increase in paper usage, a concentration on environment-friendly paper production, a surge in the need for specialty papers, urban and industrial growth, regulations and standards set by the government, consumer inclination towards sustainable packaging, and the globalization of paper supply chains.
What Is The Expected Growth In The Paper Chemicals Market?
The Paper Chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• The market size for paper chemicals is anticipated to experience consistent expansion in the coming years, reaching a value of $47.76 billion by 2029 with a compound annual growth rate (CAGR) of 3.9%.
The predicted growth within the forecast period is due to multiple factors such as economic development, biodegradable packaging trends, increasing usage of smart packaging, intensified emphasis on paper recycling, strict environmental rules, and the rise of bio-based chemicals. Key trends for the forecast period encompass a growing inclination towards functional paper additives, advancements in paper production technology, focus on conserving water and energy, digitalization in paper mills, preference for alkaline papermaking, and customization of paper chemical solutions.
What Main Forces Are Fueling Expansion In The Paper Chemicals Market?
The rise in the use of paper-based packaging is propelling the expansion of the paper chemicals market. Paper containers, also known as paper packaging, provide a highly effective and cost-efficient solution for transporting, holding, and storing a variety of items. Most paper packaging items, including soup cans, plates, and bowls, incorporate PFAS (perfluoroalkyl and polyfluoroalkyl substances), which are chemicals used in paper production. The easy recyclability of paper-based packaging enhances sustainability. For example, in October 2023, Eurostat, a government agency in Luxembourg, reported that roughly 80 million tons of packaging waste were generated in Europe, with the bulk of it being paper and cardboard (41%), trailed by plastic (19%), glass (19%), wood (16%), and metal (5%). Among municipal packaging waste, paper and cardboard packaging had an 82% recycling rate, followed by metal packaging (78%), glass packaging (76%), plastic (41%), and wood (31%). Therefore, the increased usage of paper-based packaging, coupled with its superior sustainability attributes, is anticipated to push the paper chemicals market growth during the forecast period.
What Are The Primary Segments In The Global Paper Chemicals Market?
The paper chemicals market covered in this report is segmented –
1) By Chemical Type: Bleaching Chemicals, Pulping Chemicals, Functional Chemicals
2) By Form: Specialty, Commodity
3) By Application: Packaging And Board, Printing And Writing, Hygiene Products
Subsegments:
1) By Bleaching Chemicals: Chlorine Dioxide, Hydrogen Peroxide, Sodium Hypochlorite, Ozone, Peracetic Acid
2) By Pulping Chemicals: Sodium Hydroxide, Sodium Sulfide, Sulfuric Acid, Acetic Acid
3) By Functional Chemicals: Sizing Agents, Retention Aids, Coating Chemicals, Fillers, Biocides
Pre-Book The Paper Chemicals Global Market Report 2025 Report For Swift Delivery And Comprehensive Insights:
Which Key Trends Are Driving Changes In The Paper Chemicals Market?
Advancements in technology serve as a significant trend in the paper chemicals industry. Firms within this sector are honing in on the creation of more efficient paper chemicals to enhance the overall quality of the paper produced. As an illustration, Vertex Chem, an Indian company specializing in industrial chemicals, launched a new series of chemicals specifically designed for the pulp and paper sector in 2022. The new product, VERPAP-SA, was formulated to decrease the time taken for pulping by quickly wetting the fibers, thereby reducing the refining workload and fines in the system to ensure better formation.
Who Are the Key Players In The Paper Chemicals Market?
Major companies operating in the paper chemicals market include:
• Kemira Oyj
• BASF SE
• Solenis International LLC
• Akzo Nobel N.V.
• Ecolab Inc.
• Ashland Global Holdings Inc.
• Chemisphere Ltd.
• Dow Inc.
• Evonik Industries AG
• Georgia-Pacific Chemicals LLC
• Huntsman Corporation
• Imerys S.A.
• Kurita Water Industries Ltd.
• Nalco Water
• Omya Group
• PPG Industries Inc.
• Solenis LLC
• Minerals Technologies Inc.
• Stepan Company
• Synthomer PLC
• Tate & Lyle PLC
• The Chemours Company
• Lubrizol Corporation
• The Procter & Gamble Company
• Sherwin-Williams Company
• WestRock Company
• Zhejiang Kefeng Silicone Co. Ltd.
• Buckman Laboratories International Inc.
• Archroma Corporation
What Is The Most Dominant Region In The Paper Chemicals Market?
Asia-Pacific was the largest region in the paper chemicals market in 2024. North America is expected to be the fastest-growing region in the forecast period. The regions covered in the paper chemicals market report are Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East, Africa.
