Specialty Pulp & Paper Chemicals Market- By Application (Printing, Labeling, Packaging), By Product Type (Basic, Bleaching, Functional, Process)- Global Opportunity Analysis and Industry Forecast, 2020 – 2030

Specialty Pulp & Paper Chemicals market size of specialty pulp & paper chemicals market was estimated at USD 22.54 billion in 2020 and is anticipated to rise at a CAGR of approximately 2.9% in the coming 2020 to 2030. The paper-producing firms use specialty pulp and paper chemicals as raw materials to produce the specialty paper. This supports updating and enhancing the paper's useful resources, such as power, brightness, colour, and water confrontation. Equally it reduces energy and water consumption resulting in the increase in specialty pulp & paper chemicals market share. Similarly, specialized chemicals are used in the specialized paper manufacturing process which decreases paper wastage generation, hence the raw material required for the manufacture of specialty paper is of a smaller amount as equated with standard paper. Specialty paper is used in a number of uses including printing, packaging, marking, writing, among others. Increasing demand for printing and writing in a variety of nations, such as the United Kingdom, India, Brazil, Thailand, China, the U.S.A. and Germany would generate demand for the specialty pulp & paper chemicals market over the subsequent few years. Big corporations are widening their global presence to increase total business position in specialty pulp & paper chemicals market.

Market Dynamics and Factors:

The specialty pulp & paper chemicals market is expected to be powered by increasing demand for functional and bleaching chemicals used in specialty paper production for applications such as printing, labeling and packaging. Thanks to the technological revolution, which has contributed to consolidation in the specialty pulp & paper chemicals industry, demand for specialty paper and pulp chemicals has decreased or the overall specialty pulp & paper chemicals market is fairly stagnant over the last few years. However, increasing demand from household, packaging and sanitary applications has actually brought specialty pulp & paper chemicals market stabilization. Growing popularity of coating as a protective medium should intensify the use of functional chemicals over the coming years to reduce ink absorbency and promote smoothness in specialty paper and is a key specialty pulp & paper chemicals market trends.

Environmental effects due to the paper and pulp industry due to the vast amount of water, chemical, and energy used for the manufacturing process will serve as a constraint in the global specialty pulp and paper chemicals market. A significant problem for the EPA is the production of greenhouse gases such as methane from waste papers. Because of its impact on the human endocrine system, FDA restrictions on the use of bisphenol A in the manufacture of thermal papers are also expected to hinder specialty pulp & paper chemicals market growth over the forecast period.

Market Segmentation:

Based on application, the specialty pulp & paper chemicals market is segmented into printing, labeling, packaging. On the basis of product type, the specialty pulp & paper chemical industry market is classified into basic, bleaching, functional, process. Geographic breakdown of specialty pulp & paper chemicals industry includes regions comprising North America, Europe, Asia-Pacific, and Rest of the World.

Geographic Analysis:

Asia Pacific is dominating the 2019 specialty pulp & paper chemicals sales market for over 46.9 percent of total specialty pulp & paper chemicals industry volume share and is anticipated to grow at a faster pace in the coming years. The strong existence of manufactures in specialty pulp and paper industry are China and Japan with convenient access to raw materials and equipment is predicted to increase chemical use within the next seven years.

The increase in the specialty pulp and paper chemical market size in many other applications such as printing, labeling, and packaging is also anticipated to boost the overall specialty pulp and paper market over the forecast period. China and India are expected to show a remarkable growth in the specialty pulp & paper chemicals sales market in the coming years due to rising industrialization, complemented by rapid economic growth and low labor costs.

A few factors such as regulatory compliance, environmental performances and adoption of sustainable production techniques plays an important role in improving the specialty pulp and paper chemicals market size growth in North America. Due to saturation and growth in digital industry in 2019, North America reached a stagnant level in the specialty pulp and paper chemicals market. Nevertheless, the overall specialty pulp & paper chemicals market is expected to grow due to increased demand for eco-friendly chemicals for recycled papers and increased scope of specialty pressure-sensitive tape.

Competitive Scenario:

The key players of specialty pulp & paper chemicals industry are The Dow Chemical Company, Incorporated, Ashland, Buckman Laboratories International, Inc., Royal Dutch Shell Plc. and BASF SE among others contributing the major specialty pulp & paper chemicals market share globally.

Specialty Pulp & Paper Chemicals Market Report Scope