The global chemical pulp market is expected to grow rapidly at a CAGR of 7.4% from 2023 to 2033, surpassing a US$ 19.5 billion valuation. The market was valued at US$ 9.5 billion in 2023. The Chemical Pulp Market refers to the market for chemical pulp, a type of pulp that is produced by cooking wood chips with chemicals such as sodium hydroxide and sodium sulfide to remove lignin and other impurities. Chemical pulp is widely used in the production of paper, packaging, and other products

The market for chemical pulp is driven by several factors, including the increasing demand for paper and packaging products, the growth of the construction and infrastructure industries, and the rising awareness of environmental sustainability. Additionally, the technological advancements in pulp production methods, such as the use of renewable energy sources and improved recovery systems, are contributing to the market growth

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The market is also influenced by government regulations and policies related to environmental sustainability and forest management. Governments around the world are implementing various initiatives to promote sustainable forestry practices and reduce the environmental impact of pulp production, which has further fueled the market growth

Key Takeaways from Market Study

• The global chemical pulp market is predicted to expand at a CAGR of 7.4% from 2023 to 2033.
• The market is valued at US$ 9.5 billion in the year 2023.
• Sales of chemical pulp are estimated to reach a value of US$ 19.5 billion by the end of 2033.
• Demand for chemical pulp in Germany is forecasted to increase at a CAGR of 5.5% during the forecast period from 2023 to 2033.
• The market Canada is projected to progress at a CAGR of 6.2% through 2033.

Winning Strategy

Key players in the global chemical pulp market are incorporating various strategies such as mergers acquisitions to generate lucrative opportunities over the coming years.

For instance,

In September 2019, a 50% share of Shell Saudi Arabia (Refining) Limited was acquired by Saudi Arabian Oil Company (Saudi Aramco) in the SASREF joint venture. This step has been taken in Jubail Industrial City, which is in the Kingdom of Saudi Arabia

Key Companies Profiled

• AkzoNobel NV
• BASF SE
• Solvay SA
• Buckman Laboratories International Inc.
• Dow Chemical Co
• Kemira Oyj
• ERCO Worldwide
• Nalco Holding Co