Global paper chemicals market to increase at a CAGR of 3.3%

The global paper chemicals market experienced good growth during the last five years and is expected to continue its growth momentum, increasing at a compound annual growth rate (CAGR) of 3.3% over the next five years, to hit a market value of US$39 billion by 2017.

The fate of the paper chemicals market is completely dependent on the paper industry and hence reflects the trends in the industry. The global paper industry, already reeling under the onslaught of increasing substitution in publishing by Internet and in packaging by plastics, faced further deterioration with the onset of the global economic downturn.

Pulp and paper chemical companies are focusing on extensive research and development activities in order to enhance the quality of paper and to decrease the energy consumption in the paper industry. Water management is another area that is necessitating substantial research work.

Owing to the global focus on environment protection, environmentally friendly chemicals such as sodium chlorate, hydrogen peroxide, and fillers including calcium carbonate are witnessing robust growth. Recycling has emerged as a major game changer in the paper industry, and is impacting demand for paper chemicals.

Globally the pulp and paper chemicals industry represents a highly fragmented market. Shifting of production to Asia and Latin America and the stagnation in developed markets is leading to a consolidation phase in the sector.

Key players currently dominating the global paper chemicals market include Akzo Nobel NV, Eka Chemicals, Ashland, Inc., BASF, Buckman Laboratories, Clariant, Cytec Industries, Enzymatic Deinking Technologies, ERCO Worldwide, FMC Corporation, Georgia-Pacific Chemicals LLC, Imerys, Kemira Chemicals, Nalco Holding Company, Omya, Solvay AG, and Solvay Chemicals, Inc.

For more information on the global paper chemicals market, see the latest research: Global Paper Chemicals Market

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