Slimicides Market to be Propelled by Expansion of Paper Industry

Research Nester published a report titled “Slimicides Market: Global Demand Analysis & Opportunity Outlook 2031” which delivers detailed overview of the global slimicides in terms of market segmentation by type, form, end-user and by region.

Further, for the in-depth analysis, the report encompasses the industry growth indicators, restraints, supply and demand risk, along with detailed discussion on current and future market trends that are associated with the growth of the market.

The global slimicides market is anticipated to grow with a CAGR of ~4% during the forecast period, i.e. 2022-2031. The market is segmented by type into paper industry, oil extraction industry and others. Out of these, the paper industry is attributes to garner the highest revenue by 2031. The high presence of paper mills producing papers for consumption is expected to the primary growth factor for the market.

The global slimicides market is estimated to garner a moderate revenue by the end of 2031. The constant concerns related to environmental sustainability and growing inclination toward the use of eco-friendly & biodegradable packaging solutions are creating strong demand for paper-based packaging solutions such as paper composite fiberboard, cardboard, corrugated boxes, and others. This is expected to fuel the demand of slimicides in the market.

Geographically, the global slimicides market is segmented into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Out of these, the market in Asia Pacific region is estimated to garner the largest market share by the end of 2031, on the back of presence of top key players and high consumption of paper. Further, the large agricultural land and constant government support in oil industry are anticipated to be other factors driving the slimicides market growth.

The research is global in nature and covers detailed analysis on the market in North America (U.S., Canada), Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC [Finland, Sweden, Norway, Denmark], Poland, Turkey, Russia, Rest of Europe), Latin America (Brazil, Mexico, Argentina, Rest of Latin America), Asia-Pacific (China, India, Japan, South Korea, Indonesia, Singapore, Malaysia, Australia, New Zealand, Rest of Asia-Pacific), Middle East and Africa (Israel, GCC [Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman], North Africa, South Africa, Rest of Middle East and Africa). In addition, analysis comprising market size, Y-O-Y growth & opportunity analysis, market players’ competitive study, investment opportunities, demand for future outlook etc. has also been covered and displayed in the research report.

Growth in Production of Packaging Paper to Drive the Market Growth

The implementation of numerous stringent regulations and standards regarding the use of plastics is accelerating the demand for paper-based packaging solutions. Such regulations and developments increase the adoption of paper packaging across industries in food & beverages, bakery, confectionery, personal care & cosmetics, and others, thereby boosting the demand for papers. As slimicides in extensively used in the process of manufacturing of papers and paper-based products, this rapid expansion of the paper industry is projected to augment the sales of slimicides in the global market. The production value global packaging paper and board rose from 235,500 metric tons in 2016 to 256,130 metric tons in 2018.

However, the huge tree cutting down along with multiple side-effects imposed by chemicals is expected to operate as key restraint to the growth of the global slimicides market over the forecast period.

This report also provides the existing competitive scenario of some of the key players of the global slimicides market which includes company profiling of The Dow Chemical Company, Parchem Fine and Specialty Chemicals, Inc., LANXESS, BASF SE, Lonza Group Ltd., Vink Chemicals GmbH & Co. KG, Albemarle Corporation, Superior Plus, Finor Piplaj Chemical Limited, DuPont de Nemours, Inc. and others. The profiling enfolds key information of the companies which encompasses business overview, products and services, key financials and recent news and developments. On the whole, the report depicts detailed overview of the global slimicides market that will help industry consultants, equipment manufacturers, existing players searching for expansion opportunities, new players searching possibilities and other stakeholders to align their market centric strategies according to the ongoing and expected trends in the future.