Global Specialty Pulp and Paper Chemical Market was valued at US$ 17.35 Bn in 2019 and is expected to reach US$ 27.45 Bn by 2027 at a CAGR of 5.9 % during the forecast period.
The report includes an analysis of the impact of COVID-19 lockdown on the revenue of market leaders, followers, and disruptors. Since the lockdown was implemented differently in various regions and countries; the impact of the same is also seen differently by regions and segments. The report has covered the current short-term and long-term impact on the market, and it would help the decision-makers to prepare the outline and strategies for companies by region.
Global Specialty Pulp and Paper Chemical Market
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Global Specialty Pulp and Paper Chemical Market Dynamics:
The specialty pulp & paper chemicals market is projected to exhibit steady growth as a result of rising global demand for tissues and packaging grades. Herein, the rapid growth of e-commerce is augmenting the consumption of packaging grades and packing materials. Moreover, increasing concern over food safety in the food and beverages sector has propelled the need for a high-quality food service board and a liquid packaging board. Demand for specialty papers and chemicals is expected to witness high growth because of the rising demand for sterilizing paper in medical applications. Sterile bags produced from these papers provide an optimal and clean surface for rotogravure and flexo printing.
Growing demand for one-sided specialty (coated) papers is likely to be the major driver for growth. One-sided specialty (coated) papers, manufactured from specialty chemicals such as functional and process chemicals, find a product in labeling, release liners, envelopes, laminating, gift wrapping, posters, and thermal transfers among several others. In terms of volume, the global market size for one-sided specialty (coated) papers was more than 4,000 kilotons in 2015 and is expected to cross 5,000 kilotons in the next three years. More than one-third of the global consumption of these specialty papers was for labels which are finding increasing usage in industries as well as stationery purposes.
These papers also have a huge demand for flexible packaging in the packaging industry. The use of these chemicals such as defoamers, retention aids, flocculant polymers, and others in cleaning wastewater before disposal and reducing the biological oxygen demand, by helping in the recycling of fibers coagulated in primary clarification stages, is also expected to promote its global use and enhance its market demand. Hence, the improved process efficiency due to its use is also expected to drive the global specialty pulp and paper chemicals market in the forecast timespan.
However, environmental impact due to paper and pulp industry owing to a large amount of water, chemical and energy used for the manufacturing process would act as a restraint in the global market. Production of greenhouse gases like methane from waste papers is a major concern for the EPA. FDA regulations about the usage of bisphenol A in the production of thermal papers due to its effect on the human endocrine system are also expected to hinder the market growth in the forecast period.
Global Specialty Pulp and Paper Chemical Market Regional Insights:
The market in Asia-Pacific was the largest in 2019 due to the flourishing packaging industry and the presence of a large number of end-use industries in developing nations such as India and China. The growth of print media, especially, in India is expected to further drive the demand for pulp and paper processing chemicals in the region. In addition, the flourishing e-commerce in the Asia-Pacific market is expected to further augment the demand during the forecast period.
North America is the second-largest market for pulp & paper chemicals owing to the increasing demand for paperboard in packaging applications. The European market for pulp & paper chemicals is expected to grow as a result of rising demand from the Eastern European countries and increasing the use of recycled paper. The market in Latin America and the Middle East & Africa are expected to exhibit considerable growth during the review period due to expanding paper industry in the regions.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data, and projections with a suitable set of assumptions and methodology. The report also helps in understanding dynamics, structure by analyzing the market segments by solution type, end-user, and region and, projects the global market size. The report also provides a clear representation of competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence in the specialty pulp and paper chemical market.
Scope of the Global Specialty Pulp and Paper Chemical Market : Inquire before buying
Global Specialty Pulp and Paper Chemical Market, By Type
• Bleaching & RCF Chemical
• Process Chemical
• Functional Chemical
• Coating Chemical
• Pigment & Filler
Global Specialty Pulp and Paper Chemical Market, By Application
• Packaging
• Labeling
• Printing
Global Specialty Pulp and Paper Chemical Market, By Region
• North America
• Europe
• Asia Pacific
• Middle East & Africa
• South America
Key Players Operating in the Global Specialty Pulp and Paper Chemical Market
• AkzoNobel N.V.
• Ashland Inc
• Buckman Laboratories International, Inc.
• BASF SE
• Buckman Laboratories International, Inc.
• Kemira Oyj
• SNF Floerger
• The Dow Chemical Company
• Evonik Industries AG
• Nalco Holding Company
• Shell Chemicals