Global Paper Chemicals Market Soars High with a USD 51.13 Billion by 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– 2032" has a vast information about the market and its potential. The Japan and Korea 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

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.

Browse the full “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– 2032" report at https://www.zionmarketresearch.com/report/paper-chemicals-market

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. 

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

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 major market players in the Japan and Korea – Paper chemicals market are Clariant, BASF, Evonik Industries AG, Kolb, Imerys, Kemira, The Chemours Company, ivaxchem.com, Anmol Polymers, Vipul Chemicals India Pvt. Ltd., Orient Packagings Ltd., Arjun Chemicals (I) Ltd., and The Dow Chemical Company, among others.

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