The specialty pulp and paper chemical market is poised for significant growth, with projections indicating a compound annual growth rate (CAGR) of 3.2% from 2023 to 2033. The market, which saw sales amounting to USD 23.4 billion in 2023, is anticipated to achieve a valuation of USD 31.3 billion by 2033.
Specialty pulp and paper chemicals play a critical role in enhancing the quality and performance of paper products, particularly in the manufacturing of specialty papers. The market’s growth is primarily driven by increased demand for bleaching agents and functional chemicals, which are essential for producing high-quality and eco-friendly paper products.
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Competitive Landscape for the Specialty Pulp and Paper Chemical 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.
Global Specialty Pulp and Paper Chemical Market Key Players
- Ashland
- BASF SE
- Buck man
- Dow Chemical Company
- Ecolab
- SNF Group
- Evonik Industries AG
- Nouryon
- So lenis
Recent Developments in Global Specialty Pulp and Paper Chemical 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.
What does the future hold for the market for specialty pulp and paper chemicals?
Future trends in the specialised pulp and paper chemicals market are predicted to be influenced by continued advancements made by industry players to comply with stringent environmental legislation and the growing support for the reuse of paper products.
The development of new enzymes that might increase the productivity of the used paper-making processes is also projected to support the expansion of the specialised pulp and paper chemicals market.
What is the Performance of the Specialty Pulp and Paper Chemical Market in Asia Pacific Region?
With roughly 46% of the market’s total revenue recorded by the global market study on specialty pulp and paper chemicals in 2021, the Asia Pacific region led the target market.
The convenience of availing materials and supplies in the Asia Pacific economies have turned out this regional specialty pulp and paper chemicals extremely profitable in the continuing years. As during projected period, more specialized pulp and paper products are expected to be exported by China and Japan, it promises for a rising trend in the specialty pulp and paper chemicals market key trends and opportunities in this geographical region.
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Specialty Pulp and Paper Chemical Market by Segmentation
By Product Type:
- Basic Chemicals
- Functional Chemicals
- Bleaching Chemicals
- Process Chemicals
By Application :
- Printing
- Packaging
- Labeling
- Others
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