Bleached Chemi-ThermoMechanical Pulp (BCTMP) Market Size Report, Industry Share, Analysis, Growth, 2030

Bleached Chemi-ThermoMechanical Pulp (BCTMP) Industry Prospective:

The global bleached chemi-thermomechanical pulp (BCTMP) market size was evaluated at $11 billion in 2022 and is slated to hit $19 billion by the end of 2030 with a CAGR of nearly 5.7% between 2023 and 2030.

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Bleached Chemi-ThermoMechanical Pulp (BCTMP) Market: Overview

The BCTMP (bleached chemi-thermomechanical pulp) is a mechanical pulping technique that makes use of sodium sulfite for impregnation. Moreover, it has low strength, higher opacity, and higher pulp yield. Bleached chemi-thermo mechanical pulp (BCTMP) is a kind of wood pulp manufactured with the help of a chemical and mechanical process. Furthermore, the product is made through wood chip grinding into a pulp, separating it, and then bleaching the fibers. The process of bleaching removes lignin and other impurities from the pulp, thereby resulting in a durable and bright pulp. Additionally, BCTMP finds applications in tissue products, papermaking, and various paper products. Apart from this, it is also used as a filler product in rubber, plastics, and adhesives. Reportedly, ANDRITZ Group developed enhanced technologies and possesses exceptional & beneficial features in comparison to traditional BCTMP methods.

Key Insights

• As per the analysis shared by our research analyst, the global bleached chemi-thermomechanical pulp (BCTMP) market is projected to expand annually at the annual growth rate of around 5.7% over the forecast timespan (2023-2030)
• In terms of revenue, the global bleached chemi-thermomechanical pulp (BCTMP) market size was evaluated at nearly $11 billion in 2022 and is expected to reach $19 billion by 2030.
• The global bleached chemi-thermomechanical pulp (BCTMP) market is anticipated to grow rapidly over the forecast timeline owing to surging product demand in paperboard, tissues & towels, and coated as well as coated papers.
• In terms of end-user, the packaging segment is slated to register the highest CAGR over the analysis period.
• Based on application, the paperboard segment is expected to dominate the segmental growth over the assessment timeline.
• Region-wise, the Asia-Pacific bleached chemi-thermomechanical pulp (BCTMP) industry is projected to register the fastest CAGR during the assessment timeline.

Bleached Chemi-ThermoMechanical Pulp (BCTMP) Market: Growth Factors

Increase in product penetration in various end-use sectors will prop up the global market growth

Surging product demand in paperboard, tissues & towels, and coated as well as coated papers will drive the global bleached chemi-thermomechanical pulp (BCTMP) market trends. Furthermore, beneficial product features such as high yield and reduced cost of production will shape the growth of the global bleached chemi-thermomechanical pulp (BCTMP) market. Surging product penetration in the paper & pulp sector will embellish the expansion of the global market. Humungous demand for paper in the printing & packaging sector will proliferate the size of the global market. Escalating use of green products by end-users in Europe and North America will steer the expansion of the market across the globe.

Bleached Chemi-ThermoMechanical Pulp (BCTMP) Market: Restraints

Rising product costs can impact the growth of the industry globally over a forecasting timeframe

Increase in the raw component costs leading to a surge in product prices can put brakes on the expansion of the global bleached chemi-thermomechanical pulp (BCTMP) industry in the upcoming years. Rise in the import and export duties can further hinder the global industry expansion.

Bleached Chemi-ThermoMechanical Pulp (BCTMP) Market: Opportunities

Huge fund allocation will generate new facades of growth for the global market

Surging investments in pulp mills leading to massive demand for BCTMP products will create new growth avenues for the global bleached chemi-thermomechanical pulp (BCTMP) market.

Bleached Chemi-ThermoMechanical Pulp (BCTMP) Market: Challenges

Disruptions in the supply chain can challenge the global industry surge over 2023-2030

Supply chain disruptions and strict government laws can create a huge challenge for the global bleached chemi-thermomechanical pulp (BCTMP) industry.

Bleached Chemi-ThermoMechanical Pulp (BCTMP) Market: Segmentation

The global bleached chemi-thermomechanical pulp (BCTMP) market is sectored into end-user, application, and region.        

In terms of end-user, the global bleached chemi-thermomechanical pulp market is segregated into packaging, printing, consumer goods, and healthcare segments. Furthermore, the packaging segment, which garnered nearly two-fifths of the global market revenue share in 2022, is projected to register the fastest CAGR in the next couple of years. The segmental expansion in the prognosis timeline can be a result of escalating product demand in the packaging sector.

Based on the application, the global bleached chemi-thermomechanical pulp industry is sectored into paperboard, tissue & towel, coated & uncoated papers, and specialty & others segments. Furthermore, the paperboard segment, which accrued a huge portion of the global industry share in 2022, is forecast to lead the global industry over the analysis timeline. The segmental expansion over the predicted timeline can be due to the large-scale use of the product in paperboard production.

Bleached Chemi-ThermoMechanical Pulp (BCTMP) Market: Report Scope

Bleached Chemi-ThermoMechanical Pulp (BCTMP) Market: Regional Insights

North America is predicted to maintain dominating position in the global bleached chemi-thermomechanical pulp (BCTMP) market over 2023-2030

North America, which contributed about one-fifth of the global bleached chemi-thermomechanical pulp (BCTMP) market earnings in 2022, will be a leading region over the expected timeline. Furthermore, the regional market surge can be subject to a rise in the presence of mammoth players in countries such as the U.S. and Canada. Furthermore, humungous demand for the product in various end-use sectors in the countries of North America will steer the regional market growth.

Asia-Pacific bleached chemi-thermomechanical pulp (BCTMP) industry is anticipated to record the fastest CAGR in the upcoming years owing to a rise in the production of products in countries such as China and India. Apart from this, an increase in the use of the product in the paperboard and papermaking sectors in Jute-producing countries such as Bangladesh and India will drive the regional industry trends.

Bleached Chemi-ThermoMechanical Pulp (BCTMP) Market: Competitive Space

The global bleached chemi-thermomechanical pulp (BCTMP) market profiles key players such as :

• Waggeryd Cel
• West Fraser
• Pan Pac Forest Products
• METSA FIBRE
• Millar Western
• Paper Excellence Canada

The global bleached chemi-thermomechanical pulp (BCTMP) market is segmented as follows:

By Application

• Paperboard
• Coated & Uncoated Papers
• Tissue & Towel
• Specialty & Others

By End-User

• Packaging
• Printing
• Consumer Goods
• Healthcare

By Region

• North America
  • The U.S.
  • Canada
• Europe
  • France 
  • The UK
  • Spain
  • Germany
  • Italy
  • Rest of Europe
• Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Southeast Asia
  • Rest of Asia Pacific
• Latin America
  • Brazil
  • Mexico
  • Rest of Latin America
• Middle East & Africa
  • GCC
  • South Africa
  • Rest of Middle East & Africa