Global Specialty Pulp and Paper Chemicals Market size is forecast to exceed USD 31 billion by 2024, with estimated gains at over 4%. The increasing use of specialty chemicals in the paper and pulp processing sectors is slated to fuel specialty pulp and paper chemicals market share. Deploying specialty chemicals in the paper industry delivers significant benefits such as energy and water saving. In addition, specialty paper chemicals reduce the paper weight without affecting the functional properties of the paper sheet. Driven by the escalating use of this product, due to its overt benefits, in the paper manufacturing sector, specialty pulp and paper chemicals industry is slated to witness remarkable gains in the years ahead. The growing e-commerce sector is a major factor augmenting the demand for paper sheets for eco-friendly packaging applications. The use of specialty chemicals in the paper and pulp sectors has also recently been witnessing the deployment of machines equipped with efficiency improvement features, which has further resulted in surging product usage in the aforementioned sectors, leaving a pronounced impact on specialty pulp and paper chemicals market size. In fact, as per estimates, in 2015, specialty pulp and paper chemicals market share was worth USD 20.2 billion.
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Of late, environmental concerns have occupied a vital position in the list of issues that need to be worked upon, pertaining to the rise of hazardous emissions. Considering the adverse impact of these emissions, regulatory organizations such as EPA and REACH have deployed strict rules and regulations to increase the application of eco-friendly products. The renowned company Evonik has been implementing new technologies, it is reported, to develop innovative products of excellent quality with reduced environmental impact. Shifting trends toward the usage of eco-friendly products will thus boost specialty pulp and paper chemicals market over the years ahead.
Most of the players in specialty pulp and paper chemicals are expanding their regional presence by establishing new manufacturing plants. Considering the possible remuneration, construction and technical service companies have been depicting an interest in specialty pulp and paper chemicals industry. For instance, recently, Jacobs Engineering, a leading service provider of pulp and paper, durable goods, specialty chemicals, and semiconductors, has received a contract from Evonik to implement a construction management program. Speaking along the same lines, AkzoNobel N.V., Dow Chemical, Kemira Oyj, Ashland, Inc., BASF SE, SNF Floerger, Nalco Holdings, Shell Chemicals, and Buckman Laboratories International, Inc are some of the other key players in specialty pulp and paper chemicals industry.
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Considering the growing e-commerce sector and increasing demand for advanced and eco-friendly packaging, the participants in specialty pulp and paper chemicals market are investing heavily in research and development programs for modern packaging materials. Also, they are continuously involved in the functionally enhancement of the product to consolidate their position in the business. Considering the essential aspects related to the chemicals fraternity, Global Market Insights, Inc., estimates that specialty pulp and paper chemicals market will record a CAGR of 4.9% over the period of 2016-2024.
Browse key industry insights spread across 127 pages with 87 market data tables & 11 figures & charts from the report, “Specialty Pulp And Paper Chemicals Market Size By Product (Bleaching Chemicals, Process Chemicals, Polymerization & Blowing Agents, Functional Chemicals), Industry Analysis Report, Regional Outlook (U.S., Canada, Germany, UK, France, Spain, Italy, China, India, Japan, Australia, Indonesia, Malaysia, Brazil, Mexico, South Africa, GCC), Application Growth Potential, Price Trends, Competitive Market Share & Forecast, 2016 – 2024” in detail along with the table of contents:
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Specialty Chemicals Market Forecast, 2016 – 2024
Specialty Chemicals Market size was valued over USD 830 billion in 2015 and is forecast to experience gains exceeding 4% CAGR by 2024. Global population was roughly 6.89 billion in 2010 and reached more than 7 billion in 2015. On the other hand, the global arable land area was around 1.37 billion in 2010 and surpasses hectares to 1.42 billion hectares in 2015. Which indicates that the global population inclined by 4.9% and the global arable land witnessed 3.4% growth during the period.
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Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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