South Korea Thermo-mechanical Pulp Market was valued at USD 950 Million in 2022 and is projected to reach USD 1.2 Billion by 2030, growing at a CAGR of 4.0% from 2024 to 2030.
The South Korea Thermo-mechanical Pulp Market has seen significant growth, driven by diverse industrial applications. This market plays a critical role in the pulp and paper industry, where thermo-mechanical pulp (TMP) is in high demand due to its cost-effectiveness, superior strength properties, and excellent performance in paper production. Industries, ranging from packaging to printing, rely heavily on TMP to meet their specific needs, whether for consumer goods packaging or high-quality printing papers.
In South Korea, the demand for TMP has surged because of the increasing focus on sustainability and the reduction of environmental impact. As TMP production requires less energy compared to other pulping processes, it aligns perfectly with industries that prioritize eco-friendly solutions. Moreover, TMP is sourced from renewable materials, providing a more sustainable alternative to traditional mechanical pulp, which is a key factor in its rising popularity across various industries.
The application of TMP in the packaging industry, particularly for making corrugated boxes and containers, has risen sharply. As e-commerce continues to expand, the need for durable, lightweight, and recyclable packaging solutions has made TMP a preferred material for packaging manufacturers. The printing industry, too, has contributed significantly to the Thermo-mechanical Pulp Market, using TMP to create high-quality, high-strength paper suitable for both commercial and educational printing.
Furthermore, industries in South Korea are demanding more versatile TMP products that offer better mechanical properties and greater fiber bonding. To meet these requirements, companies are investing in advanced TMP production technologies that enhance yield, reduce energy consumption, and improve the overall quality of the final product. These improvements have made TMP a key material for paper producers, especially in regions that require a balance between cost and performance.
The South Korea Thermo-mechanical Pulp Market is expected to continue expanding as industries demand higher-quality, sustainable, and cost-effective materials for their production needs. As businesses evolve, the shift towards more environmentally responsible pulp production will drive even further innovation within this market.
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UPM
West Fraser
Paper Excellence Canada
METSA FIBRE
ANDRITZ
Holmen
Millar Western
Waggeryd Cell
Pan Pac Forest Products
Mayr Melnhof Karton
Winstone
Valmet
Innventia
Canfor
Rottneros Paper
Pan Pac
Marusumi Paper
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By the year 2030, the scale for growth in the market research industry is reported to be above 120 billion which further indicates its projected compound annual growth rate (CAGR), of more than 5.8% from 2023 to 2030. There have also been disruptions in the industry due to advancements in machine learning, artificial intelligence and data analytics There is predictive analysis and real time information about consumers which such technologies provide to the companies enabling them to make better and precise decisions. The Asia-Pacific region is expected to be a key driver of growth, accounting for more than 35% of total revenue growth. In addition, new innovative techniques such as mobile surveys, social listening, and online panels, which emphasize speed, precision, and customization, are also transforming this particular sector.
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Growing demand for below applications around the world has had a direct impact on the growth of the South Korea Thermo-mechanical Pulp Market
Paper & Paperboard
Packaging
Textile
Furniture
Mechanical Pulping
Chemical Mechanical Pulping (CMP)
Thermomechanical Pulping (TMP)
Refiner Mechanical Pulping (RMP)
Paper & Pulp Industry
Packaging Industry
Textile Industry
Building & Construction Industry
Wood
Agricultural Residues
Recycled Paper
High Yield Pulp
Low Yield Pulp
Asia-Pacific (China, Japan, Korea, India, Australia, Indonesia, Thailand, Philippines, Malaysia and Vietnam)
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1. Introduction of the South Korea Thermo-mechanical Pulp Market
Overview of the Market
Scope of Report
Assumptions
2. Executive Summary
3. Research Methodology of Verified Market Reports
Data Mining
Validation
Primary Interviews
List of Data Sources
4. South Korea Thermo-mechanical Pulp Market Outlook
Overview
Market Dynamics
Drivers
Restraints
Opportunities
Porters Five Force Model
Value Chain Analysis
5. South Korea Thermo-mechanical Pulp Market, By Type
6. South Korea Thermo-mechanical Pulp Market, By Application
7. South Korea Thermo-mechanical Pulp Market, By Geography
Asia-Pacific
China
Japan
Korea
India
Australia
Indonesia
Thailand
Philippines
Malaysia and Vietnam
8. South Korea Thermo-mechanical Pulp Market Competitive Landscape
Overview
Company Market Ranking
Key Development Strategies
9. Company Profiles
10. Appendix
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