Many chemical substitutes have entered the chemicals’ market, these help in eradicating hazards related to usage dangerous materials. This indirectly helps boost overall valuation of chemical and materials industry in various ways. The Pulp And Paper Processing Chemicals Market is expected to grow at a good rate In Upcoming Years. Digitization has brought with it the concept of “smart industry”. As such, even data collection and analysis happen through digital transformation. With 3D scanners in place, the potential to identify safety hazards is bound to increase manifold. Also, mobile Bluetooth capabilities could be used effectively for speeding up the operations by monitoring the attendance then. These practices are bound to create wonders for the industry in all.
Paper & pulp industry, though among the significantly thriving industrial sectors, continues to face a set of longstanding challenges such as high capital expenditure and exorbitant energy costs. Paper processing chemicals that are thus used currently account for around 10% of the total costs incurred in paper production mills. With the consistent growth in demand for high-performance paper products, a new report of Persistence Market Research (PMR) projects steadfast growth in consumption of paper processing chemicals. During the forecast period (2019 – 2029), the global paper processing chemicals market will observe steady expansion at a CAGR of over 4%.
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Company Profiles:
- BASF-SE
- Kemira Oyj
- Nouryon BV
- The Dow Chemical Company
- Ivaxchem
- Richards Chemicals & Electricals Pvt. Ltd
- Arakawa Chemical Industries, Ltd
- Harima Chemicals Group, Inc
- Hydrite Chemical Co.
- Univar Inc.
- Axchem International Limited
- Chemisphere Paper Technologies
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Key Takeaways – Paper Processing Chemicals Market Study
- Inclination towards greener products and water conservation will mark an important trend in market.
- Paper manufacturers are focusing on minimizing the consumption of fresh water through efficient usage of paper processing chemicals. Paper mills are focusing on using environment-friendly paper processing chemicals to reduce toxicity of the resultant wastewater.
- Among developing economies, government authorities are increasing their educational budgets. This could have a positive impact on the segmental growth of the paper processing chemicals market – printing & writing papers, in the near future across developing economies.
- Digitalization, along with increasing environmental concerns, is impacting the demand for graphic paper to a substantial extent. Many graphic and writing paper applications, from books and magazines to bills and corporate reports, are shifting from hard copies to electronic forms. This could hinder the global paper processing chemicals market growth.
Key players operating in the paper processing chemicals industry have exited the marketplace in the last few years. Although the strategic rationale behind such decisions may be distinct for each of the companies, it has created consolidation opportunities for specialized players operating in the paper processing chemicals market.
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