Global Specialty Pulp and Paper Chemicals Market to Reach $47.6 Billion by 2030
The global market for Specialty Pulp and Paper Chemicals estimated at US$31.7 Billion in the year 2023, is expected to reach US$47.6 Billion by 2030, growing at a CAGR of 6% over the analysis period 2023-2030. Functional Chemicals, one of the segments analyzed in the report, is expected to record a 6.4% CAGR and reach US$25.6 Billion by the end of the analysis period. Growth in the Bleaching Chemicals segment is estimated at 5.7% CAGR for the next 7-year period.
The U.S. Market is Estimated at $8.3 Billion, While China is Forecast to Grow at 9.3% CAGR
The Specialty Pulp and Paper Chemicals market in the U.S. is estimated at US$8.3 Billion in the year 2023. China, the world`s second largest economy, is forecast to reach a projected market size of US$11.2 Billion by the year 2030 trailing a CAGR of 9.3% over the analysis period 2023 to 2030. Among the other noteworthy geographic markets are Japan and Canada, each forecast to grow at 3.6% and 4.9% respectively over the 2023-2030 period. Within Europe, Germany is forecast to grow at approximately 4.4% CAGR. Led by countries such as Australia, India, and South Korea, the market in Asia-Pacific is forecast to reach US$6.7 Billion by the year 2030.
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