The global Paper Chemicals market size accrued earnings worth approximately USD 35.01 Billion in 2023 and is predicted to gain revenue of about USD 51.13 Billion by 2032, is set to record a CAGR of nearly 4.3% over the period from 2024 to 2032
The new report by Zion Market Research on the “Paper Chemicals Market By Product Type (Bleaching Chemicals, Pulping Agents, Sizing Agent, Binding and Coating, Strengthening, Retention and Drainage, and Other Chemicals) – Japan and Korea Industry Analysis, Size, Share, Growth, Trends, and Forecast 2024– 2034"
- Market Overview:Definition and classification of paper chemicalsHistorical development and evolution of the paper chemicals marketCurrent market size and forecasted growth trends
Increasing applications of the paper in several end-user industries and the growing demand for the high-quality paper are the major factors driving the paper chemicals market in Japan and Korea. According to the statistics, Japan holds the third position in the global paper production. Increased use of paper products while reducing the usage of plastics is another factor that increases the demand for the paper chemicals in Japan and Korea. Moreover, the growing retail and e-commerce activities and growing structural need of paper in the packaging industry is expected to propel the growth of the paper chemical market in Korea and Japan.
Our research analysts came up with the conclusion that, the market is anticipated to grow significantly in Japan. In 2016, the paper and paperboard exports increased by 14.4% than 2015 and set a high record of 1,553 thousand tonnes. These exports were major to the Asian countries. On the other hand, the imports declined by 10.8%. Thus in Japan, the paper chemicals market will witness a significant growth owing to its huge paper production.
- Market Drivers:Growing demand for paper-based packaging solutionsIncreasing emphasis on sustainable paper production processesTechnological advancements in paper chemical formulationsExpansion of the e-commerce industry driving demand for corrugated packagingRegulatory initiatives promoting environmentally friendly paper chemicals
- Market Challenges:Volatility in raw material pricesEnvironmental concerns associated with paper chemical usageIntense competition from digital alternativesImpact of the COVID-19 pandemic on paper consumption patterns
- Product Segmentation:Functional chemicals (defoamers, sizing agents, wet strength additives)Process chemicals (bleaching agents, deinking chemicals, retention aids)Coating chemicals (pigments, binders, dispersants)Others (fillers, biocides, dyes)
- Regional Analysis:North AmericaEuropeAsia PacificLatin AmericaMiddle East & Africa
- Competitive Landscape:Key players in the global paper chemicals marketMarket concentration and strategic initiatives (mergers, acquisitions, partnerships)SWOT analysis of leading companies
- Sustainability Initiatives:Adoption of bio-based and renewable paper chemicalsRecycling and waste reduction strategiesCarbon footprint reduction measures
- Future Outlook:Emerging trends shaping the paper chemicals marketOpportunities in niche segments (bio-based chemicals, nano-additives)Growth prospects in developing economiesTechnological innovations driving market evolution
By product type, the bleaching agents contributed the major market share of around 28% in 2016. It is also anticipated that this dominance will be retained in the forecasted period owing to its highest growth rate. It is expected that the bleaching chemicals segment will register a CAGR of over 4.4% in the forecasted period. The increasing requirement of bleaching chemicals for improving the quality of the paper is the key factor increasing the demand for the bleaching agents in the paper chemicals market. Some of the widely used bleaching chemicals include chlorine gas, hydrogen peroxide, ozone, peracetic acid, oxygen, chlorine dioxide, etc.
The other products that are expected to witness a good growth rate are pulping agents and strengthening chemicals. Pulping agents help in breaking the internal bonds of the woods. Whereas, strengthening chemicals provide physical and chemical strength to the paper. As these chemicals improve the paper strength they are increasingly used in papers that are majorly used in the packaging industry.
Japan has registered a major share of around 60% in the Japan and Korea – Paper chemicals market in 2016. Japan is the third largest producer of paper globally, and this is expected to propel the growth of the paper chemicals market in the country. Moreover, a high manufacturing base for paper chemicals in the countries is expected to significantly contribute to the growth of Japan and Korea–Paper chemical market.
The report includes detailed profiles of the prominent market players that are trending in the market. The lists of the players that are compiled in the report are
- Kemira Oyj
- BASF
- Solenis
- Ecolab
- Ashland Inc.
- Harima Chemicals Group
- Buckman Laboratories International Inc.
- Archroma
- and Chemsystems
- Dow Chemical Company, among others
The Japan and Korea paper chemicals market are segmented on the basis of the product type and countries.
Japan and Korea – Paper Chemicals Market: Product Type Segment Analysis
- Bleaching Chemicals
- Pulping Agents
- Sizing Agents
- Binding and Coating
- Strengthening
- Retention and Drainage
- Other Chemicals
Japan and Korea – Paper Chemicals Market: Country Segment Analysis
- Japan
- Korea
Japan – Paper Chemicals Market: Product Type Segment Analysis
- Bleaching Chemicals
- Pulping Agents
- Sizing Agents
- Binding and Coating
- Strengthening
- Retention and Drainage
- Other Chemicals
Korea – Paper Chemicals Market: Product Type Segment Analysis
- Bleaching Chemicals
- Pulping Agents
- Sizing Agents
- Binding and Coating
- Strengthening
- Retention and Drainage
- Other Chemicals
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