Drivers of Specialty Pulp and Paper Chemicals Market growth including regional trends, factors driving multiple segments of Specialty Pulp and Paper Chemicals industry and companies vying for a pie of the market share and size are discussed at length in this new report by Global Market Insights, Inc.
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.
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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.
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.
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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.
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