Market Size in 2022 | Market Forecast in 2030 | CAGR (in %) | Base Year |
---|---|---|---|
USD 11 Billion | USD 19 Billion | 5.7% | 2022 |
The global bleached chemi-thermomechanical pulp (BCTMP) market size was evaluated at $11 billion in 2022 and is slated to hit $19 billion by the end of 2030 with a CAGR of nearly 5.7% between 2023 and 2030.
The BCTMP (bleached chemi-thermomechanical pulp) is a mechanical pulping technique that makes use of sodium sulfite for impregnation. Moreover, it has low strength, higher opacity, and higher pulp yield. Bleached chemi-thermo mechanical pulp (BCTMP) is a kind of wood pulp manufactured with the help of a chemical and mechanical process. Furthermore, the product is made through wood chip grinding into a pulp, separating it, and then bleaching the fibers. The process of bleaching removes lignin and other impurities from the pulp, thereby resulting in a durable and bright pulp. Additionally, BCTMP finds applications in tissue products, papermaking, and various paper products. Apart from this, it is also used as a filler product in rubber, plastics, and adhesives. Reportedly, ANDRITZ Group developed enhanced technologies and possesses exceptional & beneficial features in comparison to traditional BCTMP methods.
Increase in product penetration in various end-use sectors will prop up the global market growth
Surging product demand in paperboard, tissues & towels, and coated as well as coated papers will drive the global bleached chemi-thermomechanical pulp (BCTMP) market trends. Furthermore, beneficial product features such as high yield and reduced cost of production will shape the growth of the global bleached chemi-thermomechanical pulp (BCTMP) market. Surging product penetration in the paper & pulp sector will embellish the expansion of the global market. Humungous demand for paper in the printing & packaging sector will proliferate the size of the global market. Escalating use of green products by end-users in Europe and North America will steer the expansion of the market across the globe.
Rising product costs can impact the growth of the industry globally over a forecasting timeframe
Increase in the raw component costs leading to a surge in product prices can put brakes on the expansion of the global bleached chemi-thermomechanical pulp (BCTMP) industry in the upcoming years. Rise in the import and export duties can further hinder the global industry expansion.
Huge fund allocation will generate new facades of growth for the global market
Surging investments in pulp mills leading to massive demand for BCTMP products will create new growth avenues for the global bleached chemi-thermomechanical pulp (BCTMP) market.
Disruptions in the supply chain can challenge the global industry surge over 2023-2030
Supply chain disruptions and strict government laws can create a huge challenge for the global bleached chemi-thermomechanical pulp (BCTMP) industry.
The global bleached chemi-thermomechanical pulp (BCTMP) market is sectored into end-user, application, and region.
In terms of end-user, the global bleached chemi-thermomechanical pulp market is segregated into packaging, printing, consumer goods, and healthcare segments. Furthermore, the packaging segment, which garnered nearly two-fifths of the global market revenue share in 2022, is projected to register the fastest CAGR in the next couple of years. The segmental expansion in the prognosis timeline can be a result of escalating product demand in the packaging sector.
Based on the application, the global bleached chemi-thermomechanical pulp industry is sectored into paperboard, tissue & towel, coated & uncoated papers, and specialty & others segments. Furthermore, the paperboard segment, which accrued a huge portion of the global industry share in 2022, is forecast to lead the global industry over the analysis timeline. The segmental expansion over the predicted timeline can be due to the large-scale use of the product in paperboard production.
Report Attributes | Report Details |
---|---|
Report Name | Bleached Chemi-ThermoMechanical Pulp (BCTMP) Market |
Market Size in 2022 | USD 11 Billion |
Market Forecast in 2030 | USD 19 Billion |
Growth Rate | CAGR of 5.7% |
Number of Pages | 220 |
Key Companies Covered | Waggeryd Cel, West Fraser, Pan Pac Forest Products, METSA FIBRE, Millar Western, Paper Excellence Canada., and others. |
Segments Covered | By Application, By End-User, and By Region |
Regions Covered | North America, Europe, Asia Pacific (APAC), Latin America, Middle East, and Africa (MEA) |
Base Year | 2022 |
Historical Year | 2017 to 2021 |
Forecast Year | 2023 - 2030 |
Customization Scope | Avail customized purchase options to meet your exact research needs. Request For Customization |
North America is predicted to maintain dominating position in the global bleached chemi-thermomechanical pulp (BCTMP) market over 2023-2030
North America, which contributed about one-fifth of the global bleached chemi-thermomechanical pulp (BCTMP) market earnings in 2022, will be a leading region over the expected timeline. Furthermore, the regional market surge can be subject to a rise in the presence of mammoth players in countries such as the U.S. and Canada. Furthermore, humungous demand for the product in various end-use sectors in the countries of North America will steer the regional market growth.
Asia-Pacific bleached chemi-thermomechanical pulp (BCTMP) industry is anticipated to record the fastest CAGR in the upcoming years owing to a rise in the production of products in countries such as China and India. Apart from this, an increase in the use of the product in the paperboard and papermaking sectors in Jute-producing countries such as Bangladesh and India will drive the regional industry trends.
The global bleached chemi-thermomechanical pulp (BCTMP) market profiles key players such as :
By Application
By End-User
FrequentlyAsked Questions
The BCTMP (bleached chemi-thermomechanical pulp) is a mechanical pulping technique that makes use of sodium sulfite for impregnation.
The global bleached chemi-thermomechanical pulp (BCTMP) market growth can be owing to beneficial product features such as high yield and reduced cost of production.
According to a study, the global bleached chemi-thermomechanical pulp (BCTMP) industry size was $11 billion in 2022 and is projected to reach $19 billion by the end of 2030.
The global bleached chemi-thermomechanical pulp (BCTMP) market is anticipated to record a CAGR of nearly 5.7% from 2023 to 2030.
The Asia-Pacific bleached chemi-thermomechanical pulp (BCTMP) industry is set to register the highest CAGR over the forecasting timeline owing to a rise in the production of the product in the countries such as China and India. Apart from this, an increase in the use of the product in the paperboard and papermaking sectors in Jute-producing countries such as Bangladesh and India will drive the regional industry trends.
The global bleached chemi-thermomechanical pulp (BCTMP) market is led by players such as Waggeryd Cel, West Fraser, Pan Pac Forest Products, METSA FIBRE, Millar Western, and Paper Excellence Canada.
The bleached chemi-thermomechanical pulp (BCTMP) market report covers the geographical market along with a comprehensive competitive landscape analysis. It also includes cash flow analysis, profit ratio analysis, market basket analysis, market attractiveness analysis, sentiment analysis, PESTEL analysis, trend analysis, SWOT analysis, trade area analysis, demand & supply analysis, Porter’s five force analysis, and value chain analysis.
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