Global pulp and paper chemicals market to reach EUR 30 billion by 2020

Will grow at a higher pace compared to paper industry

 The global pulp and paper chemicals market is estimated to reach approximately EUR 30 billion by 2020, according to a report published by Global Industry Analysts. The market is primarily driven by evolving quality and production needs of the paper industry, and increasing demand for specialty papers.
Additionally, expanding consumption in developing countries will also contribute towards growth of pulp and paper chemicals market.
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The report highlighted Europe as the largest market followed by Asia Pacific. Expanding population, steady economic growth, increased urbanization, rapid industrialization, rising infrastructure development, and growing production and consumption of paper are cited as the key growth drivers in Asia-Pacific region.

The region is considered as the fastest growing market with a CAGR of 3.8 percent over the analysis period

PULPAPERnews - SUECIA - 29 setiembre 2014