Specialty Pulp and Paper Chemicals Market Size, Share, Trends, Opportunities Analysis Forecast Report by 2028
According to Facts & Factors, the global specialty pulp and paper chemicals market size is expected to surpass around US$ 24.9 Million in 2021 to US$ 26.31 Million by 2028 and is expanding growth at a registered CAGR of 2.5% from 2022 to 2028.
Specialty pulp and paper chemicals are chemicals and polymers with functionalities that are used to improve the quality and performance of paper. Specialty chemicals, such as bleaching and RCF chemicals, process chemicals, functional chemicals, coating chemicals, and pigments and filters, are used in the production of specialty paper. The market is expected to grow due to the rising demand for bleaching and functional chemicals used in the production of specialty paper for applications such as packaging, printing, and labeling.
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Demand for specialized paper and pulp chemicals has been declining or remaining relatively stable in recent years as a result of the digital revolution, which has also led to industry consolidation. Growing demand from packaging, domestic, and sanitary applications, on the other hand, has contributed to market stability. The coating is becoming more popular as a protective material to induce smoothness and limit ink absorbency in the specialty paper, which will increase the use of functional chemicals in the coming years.
The growing popularity of recycled paper in the paper industry, as well as the widespread use of functional chemicals in a variety of applications such as decoration, printing, and packaging, is driving demand for specialty pulp and paper chemicals. The growing demand for functional chemicals in various forms such as fluorescent whitening, dry-strength additives, and sizing agents, as well as an increase in their demand to produce various types of paper depending on desired texture, brightness, size, and other factors, are influencing the market for specialty pulp and paper chemicals.
Based on product, the market is divided into four segments: bleaching, process, functional, and basic chemicals. Functional chemicals made up roughly half of the specialty pulp and paper chemicals industry. Printability, colour, texture, water repellency, and strength are just a few of the traits and qualities of specialty paper that functional compounds improve. Some of the most commonly used additives are dyes, coating binders, sizing additives, dry and wet additives, and whitening agents.
In 2021, the most popular application area was the packaging. The market for specialized pulp and paper chemicals for packaging is expected to grow rapidly due to its ability to produce excellent print contrast as well as a flawless finish in laminating and vacuum metalizing applications.
Asia Pacific will dominate the global market in 2021. Because of the strong presence of specialty pulp and papermakers in Japan and China, as well as easy access to equipment and raw materials, chemical use is expected to rise over the next seven years. Additionally, rising demand for specialty pulp and paper in a variety of end-use industries such as labeling, printing, and packaging is expected to drive market growth during the forecast period. China and India are expected to grow rapidly as a result of increased industrialization, rapid economic growth, and low labor costs.
Environmental performance, regulatory compliance, and early adoption of sustainable production practices are all critical factors in determining the industry’s growth in North America. Because of saturation and growth in the digital economy, North America’s specialized pulp and paper chemicals market remained stable. Despite this, the market is expected to grow due to rising demand for environmentally friendly chemicals for recycled papers and the expanding application range of specialty papers.
The report includes qualitative and quantitative research on the global specialty pulp and paper chemicals market, as well as detailed insights and development strategies used by the market leaders. The report also includes an in-depth analysis of the market’s main competitors, as well as competitive information. The study also identifies and analyses key business strategies employed by these key market participants, such as mergers and acquisitions (M&A), affiliations, collaborations, and contracts. The study looks at each company’s global presence, competitors, service offerings, and standards, among other things.