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COVID-19 to Impact Demand Growth of specialty pulp and paper chemicals market

Author : Ravi Chawat | Published Date : 2020-10-06 

Specialty pulp and paper chemicals market size is forecast to surpass USD 31 billion, with estimated gains at above 4% CAGR over 2016-2024. In addition, burgeoning demand for flexible packaging in the packaging industry may create massive scope for specialty pulp and paper chemicals industry growth over the coming year.

Specialty pulp and paper chemicals are ideal for application in gift wraps, envelopes, posters, laminations, thermal transfers, and release liners. Increasing demand for labels and specialty flexible packaging materials is likely to change specialty pulp and paper chemicals market trends over the analysis period. With rapid expansion of electronic commerce industry and growing ease of home delivery mechanisms, flexible packaging industry may witness high demand in the coming years.

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Regionally, Asia Pacific region is estimated to be a major revenue pocket for specialty pulp and paper chemicals industry.  Asia Pacific market is poised to emerge as the fastest-growing regional market owing to expanding production capacities of various end user industries and impressive growth of the packaging industry. As per estimates, Asia Pacific specialty pulp and paper chemicals market is likely to reach USD 11.50 billion by the end of 2024.

Apart from Asia Pacific, Latin America is likely to emerge as a prominent specialty pulp and paper chemicals market. Likewise, North America specialty pulp and paper chemicals market is set to reach USD 6 billion by the end of 2024. However, North America and Europe are likely to lose their market share to Latin America and Asia Pacific in the coming years on account of growing digitalization in these regions.

Demand from wastewater treatment facilities to support specialty pulp and paper chemicals market growth. Usage of specialty pulp and paper chemicals helps improving process efficiency in waste treatment. These chemicals aid in reducing the biological oxygen requirement for waste-water treatment, which does not only improve processing quality, but drastically decrease the amount of waste-water released by the industry.

Major key players in the market are Kemira Oyj, Shell Chemicals, Ashland Inc., AkzoNobel N.V., Nalco Holding Company, Buckman Laboratories International, Inc., SNF Floerger, BASF SE, Evonik Industries AG, and The Dow Chemical Company.

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About Author

Ravi Chawat

Ravi Chawat

Ravi Chawat holds a bachelor's degree in Electronics and Telecommunication Engineering. He has worked closely with industry specialists from different segments including chemicals, food and beverages, construction and manufacturing & energy and power. Ravi's article concentrates principally on balancing relevant data but never at the expense of making the content engaging. He believes in giving fair-minded information to guide significant business choices. [email protected] | https://twitter.com/RaviChawat

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