Specialty Pulp & Paper Chemicals Market Estimate 2022, Growth Rate Forecast To 2030 And Enduser/application
The global specialty pulp & paper chemicals market size is anticipated to reach around USD 28.1 billion by 2030, registering a revenue-based CAGR of 3.1% during the forecast period, according to a new report by Grand View Research, Inc. Growing consumer demand for the sustainable and high-quality packaging materials is expected to drive the product demand during the forecast period.
These specialty pulp and paper products help in process improvement, weight reduction, increasing strength, and reducing water requirements thus lowering the production cost. These can be added during different stages of the papermaking process including wet end size press or in the drying stage. Proper and efficient use of these chemicals involves details on addition sequence, knowledge of pH, and conductivity along with components in furnish.
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The functional chemical segment is likely to hold a significant market share owing to the widespread use of products such as starch, latex, binders, and other agents to enhance the quality of the paper. Bleaching chemicals such as sodium hypochlorite, hydrogen peroxide, and enzymes are also gaining popularity as they enhance the final brightness of the product and decrease the effluent color.
Increasing demand for high-quality quality paper is expected to augment the consumption of Optical Brightening Agent (OBA) and Fluorescent Brightening Agent (FBA) during the next few years. However, growing awareness regarding the toxic nature and impact of these chemicals on the environment is anticipated to negatively impact the market for specialty pulp & paper chemicals and restrict its growth during the forecast period.
COVID-19 had a negative impact on the market for specialty paper & pulp chemicals owing to the reduced demand from the end-user industries. The closure of schools, colleges, and various manufacturing plants across the globe reduced the demand for specialty paper chemicals. However, the demand for pulp and paper chemicals for food packaging products and personal hygiene products witnessed significant growth during the pandemic.
Ashland, Incorporated; BASF SE, Buck man Laboratories International, Inc.; The Dow Chemical Company; and Royal Dutch Shell Plc. are the leading providers in the market. These companies account for a substantial market share and sale of specialty pulp and paper products due to high production capacities and a superior client base.
The companies in this industry are working towards providing sustainable solutions, as the industry is dependent on various natural resources. For instance, The, Dow Chemical Company’s product options and solutions help to reduce solvent and processing-chemical requirements, reduce energy and processing-water requirements, reduce waste, etc.
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Specialty Pulp & Paper Chemicals Market Segmentation
Grand View Research has segmented the global specialty pulp & paper chemicals market, based on the product, application, and region:
Product Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
· Basic Chemicals
· Functional Chemicals
· Process Chemicals
· Bleaching Chemicals
Application Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2017 - 2030)
· North America
· Asia Pacific
o South Korea
o New Zealand
· Central and South America
· Middle East & Africa
o Saudi Arabia
List of the Key Players in Global Specialty Pulp & Paper Chemicals Market
· BASF SE
· Buck man
· Dow Chemical Company
· SNF Group
· Evonik Industries AG
· So lenis
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About Grand View Research
Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.
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