The specialty pulp & paper chemicals market is projected to achieve a market valuation of US$22 billion by 2022, exhibiting a steady CAGR of 3.1% between 2022 and 2032. By 2032, the market share for specialty pulp & paper chemicals is anticipated to reach around US$30 billion, driven by increased demand due to the COVID-19 pandemic, particularly for personal hygiene paper goods.
The market’s growth is primarily fueled by the rising need for decoloring and active chemicals used in specialty paper production for various applications like wrapping, printing, and labeling. Natural rock chemicals are commonly used as essential reagents in specialty pulp and paper manufacturing without prior processing. Moreover, these chemicals contribute to the paper-making process, reducing water and fuel consumption, which enhances the demand for specialty pulp & paper chemicals in the global paper-making industries.
Sales of specialty pulp & paper chemicals are further bolstered by their usage in manufacturing specialty items like tissue paper, diazo paper, catalogues, and postcards. Additionally, the trend of using recycled paper favors the growth of this market. However, market growth may face limitations due to the digitization of paper documentation work and public emergencies, such as the COVID-19 pandemic, which can reduce the demand for specialty pulp & paper chemicals.
Over the past decade, Europe accounted for nearly 30% of the global demand for specialty pulp & paper chemicals, but its market share has been declining due to shifting paper consumption patterns in Asia-Pacific economies. Latin American nations have experienced significant growth in the market, establishing new factories, and are projected to continue expanding at a CAGR of over 5% by 2024.
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Key Takeaways:
- The global specialty pulp & paper chemicals market is expected to reach US$22 billion by 2022 and US$30 billion by 2032.
- Rising demand for decoloring and active chemicals for specialty paper production is a major driver of market growth.
- The usage of specialty pulp & paper chemicals in the production of tissue paper, catalogues, and postcards is increasing.
- Digitization of paper documentation and public emergencies can limit the market growth.
- Europe’s market share is declining, while Latin America is experiencing significant growth in the specialty pulp & paper chemicals market
Competitive Landscape for the Specialty Pulp & Paper Chemicals Market
By the long term existence of many well-established specialty pulp and paper chemicals market players, the market is extremely fragmented. From obtaining the raw materials to producing the completed product line, most of the specialty pulp and paper chemicals market key players are quite consolidated across the value chain.
To increase market share and regional presence, specialty pulp and paper chemical companies engage in takeovers, licensing agreements, and production improvements. Additionally, they are actively engaged in R&D to create new technologies and are concentrated on modernizing the product line.
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Recent Developments in Global Specialty Pulp & Paper Chemicals Market
- The sophisticated pitch automation system developed by Buck Man increases output and performance of manufacturing units.
- The end use strength of the specialty paper goods can be improved by SNF’s Dry Strength Resin (DSR) programs, which lowers the base load, by getting rid of any bad fiber presence, before it is put into the processing machine.
Global Specialty Pulp & Paper Chemicals Market Key Players
- Ashland
- BASF SE
- Buck man
- Dow Chemical Company
- Ecolab
- SNF Group
- Evonik Industries AG
- Nouryon
- So lenis
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Specialty Pulp & Paper Chemicals Market Performance in North America and Asia Pacific:
North America’s specialty pulp & paper chemicals market is projected to witness steady growth with a mild CAGR of over 4% from 2022 to 2032. Although the market in the United States has reached a standstill due to digital sector expansion, opportunities are expected to arise in the future, driven by the increasing demand for eco-friendly chemicals for recycling waste paper and the growing range of specialty paper applications. Sustainability practices, safety standards, and green manufacturing methods are crucial factors influencing market development in North America.
The Asia Pacific region dominates the global specialty pulp & paper chemicals market, contributing to over 46% of the total revenue in 2021. The region benefits from easy access to materials and supplies, with China and Japan exporting a higher number of specialized pulp and paper products, driving market growth. Increasing demand for specialty pulp and paper chemicals, along with growth in end-use industries like labelling, publishing, and shipping, is expected to further expand the market. China and India’s planned growth and industrialization present significant opportunities for the specialty pulp and paper chemicals market in the region
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Specialty Pulp & Paper Chemicals Market by Segmentation
By Product Type:
- Basic Chemicals
- Functional Chemicals
- Bleaching Chemicals
- Process Chemicals
By Application :
- Printing
- Packaging
- Labeling
- Others
By Region:
- North America
- Latin America
- Europe
- East Asia
- South Asia
- Oceania
- Middle East and Africa
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Future Market Insights, Inc. (ESOMAR certified, Stevie Award – recipient market research organization and a member of Greater New York Chamber of Commerce) provides in-depth insights into governing factors elevating the demand in the market. It discloses opportunities that will favor the market growth in various segments on the basis of Source, Application, Sales Channel and End Use over the next 10-years.
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