Dublin, Jan. 26, 2024 (GLOBE NEWSWIRE) -- The "Specialty Pulp & Paper Chemicals Global Market Report 2024" report has been added to ResearchAndMarkets.com's offering.
The report highlights the substantial growth of the market from a valuation of USD 22.49 billion in 2023 to an expected USD 24.26 billion in 2024, with a steady CAGR of 7.9%. Such growth can be attributed to the burgeoning demand for specialty papers, the surge in packaging material requirements, and an increase in e-commerce activities.
The latest market research report on specialty pulp and paper chemicals is now available, analyzing the current trends, growth opportunities, and the overall market environment for the period leading up to 2024. This comprehensive analysis provides stakeholders with valuable insights into the specialty chemicals segment that plays a crucial role in paper production and quality enhancement.
Key Market Drivers and Innovations: Within the study, the driving forces behind the growth trajectory are meticulously examined. Key factors include the rising consumption of recycled paper and the expansive growth of the packaging industry, which relies heavily on the proficiency of specialty pulp and paper chemicals to enhance the quality of packaging solutions.
- Recycled Paper Utilization: The report underscores the significant role specialty chemicals play in providing whites and eliminating lignin in recycled paper, with industry data showing a 3.9% increase in consumption at U.S. paper and paperboard mills.
- Packaging Sector Influence: Data from the state of the Flexible Packaging Industry highlighted in the report points to a thriving packaging market that is instrumental in the industry's growth, with estimated sales reaching USD 39 billion in 2021.
Strategic Partnerships and Acquisitions: The research indicates a trend of strategic alliances and business acquisitions among major players. These collaborative efforts are central to innovation and market position strengthening. The report cites examples such as Solenis LLC's strategic acquisition of Kolb Distribution Ltd.'s paper process chemicals arm, emphasizing the industry’s focus on product diversity and competitive advantage.
Geographic Insights and Future Outlook:
Asia-Pacific's Leadership: Dominating the global market, Asia-Pacific's significant contributions and burgeoning paper industry has been highlighted. Europe is emerging as the fastest-growing region, driven by advanced technologies and sustainable practices.
- Emerging Markets: The analysis provides insights into the growth potential within Eastern Europe, South America, Middle East, and Africa, regions primed for expansion in the specialty chemicals sector.
- Forecasted Growth: Projections suggest the market is set to continue its growth, reaching an estimated USD 32.9 billion by 2028 at a CAGR of 7.9%.
The specialty pulp and paper chemicals industry is being redefined by sustainability, the circular economy interest, and an increasing demand for high-quality paper products. Innovations such as the integration of nano-technology, optimization of recycled fibers, and the pursuit of eco-friendly production processes are trending—the report details these industry shifts that are shaping the future of papermaking.
A selection of companies mentioned in this report includes
- AkzoNobel NV.
- Ashland Global Holdings Inc.
- BASF SE
- Buckman Laboratories International Inc.
- Evonik Industries AG
- Smurfit Kappa Group
- Mondi Group
- Kemira Oyj
- SNF Floerger
- The Dow Chemical Company
- Lee & Man Paper
- Nalco Holding Company
- Shell Chemicals
- Imerys
- DowDuPont
- Solenis
- Ecolab
- Huntsman Corporation
- Clariant
- Wacker Chemie AG
- Sappi Limited
- Georgia-Pacific Chemicals LLC
- Omya International AG
- Nippon Paper Industries Co
- Buckeye Technologies Inc
- Rayonier Advanced Materials Inc
- Borregaard ASA
- Fibria Celulose SA
For more information about this report visit https://www.researchandmarkets.com/r/bybiyx
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