P&P Chemicals Market Projection from 2018 to 2025
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On Monday (May 7) Expert Consulting (Sioux Falls, S.D., USA) profiled a new market report from Market Insights (Harrisburg, N.C.) titled "Pulp And Paper Chemicals Market 2018 Studies, Insights by Experts, Forecast till 2025". The report offers an in-depth analysis of the current market, including profiles of the following major companies: AkzoNobel N.V., Ashland Inc., BASF SE, Buckman Laboratories Internation, Evonik Industries, Kemira Oyj, Nalco Holding Company, Shell Chemicals, SNF Floerger, and The Dow Chemical Company.
These major players have adopted various organic as well as inorganic growth strategies such as mergers and acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.
Rising demand for specialty papers in packaging as well as printing applications, recycling in the paper industry is increasing the demand for various specialty chemicals, thereby driving the pulp and paper chemicals market. Writing and printing application chemicals are leading the segment with 23% market share followed by labeling with 20% market share
Packaging chemicals continue to emerge as a major segment within the total P&P related chemicals market with a share of 8% and growing. Paper packaging producers use these chemicals for increasingly customized packaging that is suitable for an expanding set of various requirements and products. Almost all of the industrial products sold in paper packaging either due to stability requirements for storage and transport or for aesthetic reasons, resulting in the constant growth of this segment, with a CAGR of approximately 3.92% in the global market.
Chemicals used in the paper production are classified as pulp chemicals, process chemicals and functional chemicals. The report also describes global paper treatment chemicals market on the basis of applications based on different paper grades like printing and writing, coated paper, tissue & toweling, packaging & board, newsprint and others. The increasing demand for paper and the consequent rise in paper production have stimulated the pulp and paper chemicals market.
