Indonesia Pulp and Paper Chemicals Market to Grow at around 12% through 2020
Rising demand for tissue and packaging paper coupled with increasing investments in pulp and paper industry to drive pulp and paper chemicals demand in Indonesia
According to a recently published TechSci Research report “Indonesia Pulp and Paper Chemicals Market Forecast and Opportunities, 2020”, the pulp and paper chemicals market in Indonesia is forecast to grow at a CAGR of around 12% during 2014-20. These specialty chemicals are used for the treatment of pulp and fiber used for manufacturing different grades of paper. These chemicals aid in production of short and long fibers from timber, bleaching of pulp to impart color, and finally in paper manufacturing and improving process and functional properties of paper. Indonesia remains one of the major pulp and paper chemicals market globally, with growing demand from domestic as well as other Asian markets like China.
Continuing growth in demand for tissue, printing and writing paper, shopping bags, specialty boards, food packaging and cartons are propelling demand for pulp and paper chemicals in the country. As a result, leading pulp and paper market players like Asia Pulp and Paper (APP) and Asia Pacific Resources International Limited (APRIL) are focusing on leveraging the growth opportunities available Indonesia. The report reveals that Sumatra and Javaare the key regions where the demand for pulp and paper chemicals is highest on account of large number of paper processing mills based in these regions. Significant forest reserves in Java and Sumatra also makes these region shotspots for investment in pulp and paper business.
“Indonesia is on the cusp of emerging as a major market for pulp and paper chemicals on account of increasing government investments, rising demand for graphic and specialty paper, and continuous capacity additions to address the rising demand for pulp and paper chemicals in domestic as well as export markets. However, growing usage of digital display technologies in commercial as well as residential markets is expected to impede the use of paper in printing and writing applications, which in turn would affect the consumption of pulp and paper chemicals in Indonesia as well as worldwide over the next decade.”, said Mr. Karan Chechi, Research Director, with TechSci Research, a research based global management consulting firm.
“Indonesia Pulp and Paper Chemicals Market Forecast and Opportunities, 2020” has analyzed the potential of pulp and paper chemicals market and provides statistics and information on market sizes, shares and trends. The report will suffice in providing intending clients with cutting-edge market intelligence and help them in taking sound investment decisions. Besides, the report also identifies and analyzes emerging trends along with essential drivers and key challenges faced by the industry.