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Indonesia pulp and paper chemicals market to witness growth
Indonesia pulp and paper chemicals market is expected to grow at CAGR of around 12 percent during 2014-2020, according to the TechSci Research report.
The growth will be primarily driven by rising demand for tissue and packaging paper and, increasing investments in pulp and paper industry.
“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,” said, Karan Chechi, Research Director, TechSci Research.
The research report revealed that the demand for pulp and paper chemicals will be higher in Sumatra and Javaare regions.
Chechi added, “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.”