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How Big Is the Specialty Pulp and Paper Chemicals Market Today and How Fast It Is Growing?

Author : Ronak Bora | Published Date : 2019-05-08 

Rise in the demand of one-sided specialty (coated) papers will be the principal driver for the growth in global specialty pulp and paper chemicals market size in the next few years. The demand for one-sided specialty (coated) papers was accounted for over 4,000 kilo tons in 2015 and will show significant growth.Specialty Pulp And Paper Chemicals Market size is set to exceed USD 31 billion by 2024; as per a new research report by Global Market Insights, Inc.

Moreover, new enzyme development to increase the efficiency of paper production is projected to encourage the industry trends over the next few years. Booming packaging and e-commerce industry is projected to boost specialty pulp and paper chemicals market growth in the near future. In addition to this, growing usage of graphic papers, tissues, diazo papers, and other specialty papers are forecast to foster specialty pulp and paper chemicals industry growth over the coming timeframe. Extensive applications of specialty pulp and paper chemicals in release liners, thermal transfers, posters, laminations, envelopes, and gift wraps will further benefit the market growth.

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Due to the heavy amount of water, chemicals and energy required in manufacturing, there have been strong environmental concerns, also involving release of methane and other greenhouse gases from waste in landfills. EPA and FDA have mandated several regulations in the paper & pulp industry, hindering the market growth. Certain chemicals used in the industry have malicious effects on prolonged exposure and the concerning FDA rules and regulations may act as restraints for the specialty pulp and paper chemicals market.

Heavy demand for one-sided specialty (coated) papers across various stationary applications will favorably impact specialty pulp and paper chemicals market growth over the coming seven years. Moreover, increasing demand for these chemicals in the packaging industry for flexible packaging applications will augment the global industry trends over the coming years. Wastewater treatment chemicals sector revenue, driven by growing concerns towards environmental protection, is expected to augment the market growth over the next few years. Rise in the popularity of specialty flexible packaging materials and labels will further contribute towards the industry size.

Functional chemicals, bleaching chemicals, polymerization & blowing agents, and process chemicals are some of the major specialty pulp and paper chemicals products. High demand for value-added paper leading to enhanced use of functional chemicals will drive specialty pulp and paper chemicals market growth over the coming years. Functional chemicals, which dominated the overall revenue in 2015, are anticipated to record substantial gains of 4.5% over the period of 2016-2024. Furthermore, growing use of recycled papers leading to the high demand for bleaching chemicals is expected to contribute substantially towards the specialty pulp and paper chemicals industry growth over the next few years. Bleaching chemicals are forecast to record a CAGR of 4% over the coming timeframe. Process chemicals market revenue is expected to surpass USD 6700 million by 2024. It helps in enhancing the efficiency and lifecycle of pulp manufacturing machines.

Regional highlights related to specialty pulp and paper chemicals industry over 2016-2024 are detailed below:

  • Asia Pacific specialty pulp and paper chemicals market, which led the regional landscape in 2015, will record a CAGR of 6% over the coming timeframe. High demand for packaging materials along with rise in the production capacity will fuel the regional growth. India and China to be the key regional revenue drivers.
  • Rise in the number of new manufacturing units/establishments in the region, is expected to contribute significantly towards LATAM specialty pulp and paper chemicals industry size, which is expected to grow at a rate of 5% over 2016-2024.
  • North America specialty pulp and paper chemicals industry is forecast to hit the target revenue margin of USD 6 billion by 2024.

Key industry players include Nalco Holding Company, Kemira Oyj, Ashland Inc., Akzo Nobel N.V., Shell Chemicals Company, BASF SE, Buckman Laboratories International Inc., SNF Floerger Company, and Evonik Industries.

 

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Key insights from the report include:

  • Global specialty pulp and paper chemicals market size is forecast to exceed USD 31 billion by 2024, with estimated gains at over 4%.
     
  • Functional chemicals registered the maximum share of over USD 10.5 billion in 2015. It constituted over half of the global specialty pulp and paper chemicals industry share.
     
  • Asia Pacific, led by China, will be the major driver for the global market and is expected to reach a revenue of USD 11.50 billion of specialty pulp and paper chemicals by 2024. The huge number of stationery and packaging industry end-users will account for this demand.
     
  • Fastest growth is also expected in the Asia Pacific region owing to the growing demand of packaging industry and increasing production capacity of industries in these regions.
     
  • North America and Europe is expected to lose their market share to Asia Pacific and Latin America owing to the growing digitalization in these regions.
     
  • North America specialty pulp and paper chemicals industry is expected to reach a total revenue of over USD 6 billion in 2024.
     
  • In 2015, the global specialty pulp and paper chemicals market share was concentrated as the top six industry participants accounted for more than 80% of supply.

Browse Full Report: https://www.gminsights.com/industry-analysis/specialty-pulp-and-paper-chemicals-market

 

About Global Market Insights:

Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.

 

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Corporate Sales, USA

Global Market Insights, Inc.

Phone: 1-302-846-7766

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About Author

Ronak Bora

Ronak Bora

A graduate in Electronics Engineering, Ronak writes for Fractovia.org and carries a rich experience in digital marketing, exploring how the online world works from a technical and marketing perspective. His other areas of interest include reading, music, and sport. He can be contacted at- [email protected] | https://twitter.com/RonakBora26

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