The global Specialty Pulp & Paper Chemicals Market size is anticipated to reach around USD 28.1 billion by 2030,
registering a revenue-based CAGR of 3.1% during the forecast period, according
to a new report by Grand View Research, Inc. Growing consumer demand for the
sustainable and high-quality packaging materials is expected to drive the
product demand during the forecast period.
These specialty pulp and paper products help in
process improvement, weight reduction, increasing strength, and reducing water
requirements thus lowering the production cost. These can be added during
different stages of the papermaking process including wet end size press or in
the drying stage. Proper and efficient use of these chemicals involves details
on addition sequence, knowledge of pH, and conductivity along with components
in furnish.
The functional chemical segment is likely to hold a
significant market share owing to the widespread use of products such as
starch, latex, binders, and other agents to enhance the quality of the paper.
Bleaching chemicals such as sodium hypochlorite, hydrogen peroxide,
and enzymes are also gaining popularity as they enhance the final
brightness of the product and decrease the effluent color.
Increasing demand for high-quality quality paper is
expected to augment the consumption of Optical Brightening Agent (OBA) and
Fluorescent Brightening Agent (FBA) during the next few years. However, growing
awareness regarding the toxic nature and impact of these chemicals on the
environment is anticipated to negatively impact the market for specialty pulp
& paper chemicals and restrict its growth during the forecast period.
COVID-19 had a negative impact on the market for
specialty paper & pulp chemicals owing to the reduced demand from the
end-user industries. The closure of schools, colleges, and various
manufacturing plants across the globe reduced the demand for specialty paper
chemicals. However, the demand for pulp and paper chemicals for food
packaging products and personal hygiene products witnessed significant
growth during the pandemic.
Ashland, Incorporated; BASF SE, Buck man Laboratories
International, Inc.; The Dow Chemical Company; and Royal Dutch Shell Plc. are
the leading providers in the market. These companies account for a substantial
market share and sale of specialty pulp and paper products due to high
production capacities and a superior client base.
The companies in this industry are working towards
providing sustainable solutions, as the industry is dependent on various
natural resources. For instance, The, Dow Chemical Company’s product options
and solutions help to reduce solvent and processing-chemical requirements,
reduce energy and processing-water requirements, reduce waste, etc.
Related Press Release@ Specialty Pulp & Paper Chemicals Market Report
Specialty Pulp & Paper
Chemicals Market Report Highlights
- Functional chemicals are projected to be the largest product
segment and are expected to expand at a CAGR of 3.3% from 2022 to 2030.
Increasing demand for high-quality paper products is expected to drive the
demand for pulp and paper chemicals during the forecast period
- Among application segments, the packaging segment accounted for the
largest share of around 41.0% in 2021. This is due to the high demand for
paper packaging in the food industry
- Increasing production cost and rising competition for premium
packaging is projected to positively influence the specialty pulp &
paper chemicals market growth in the coming years
- The Asia Pacific is anticipated to be the fastest as well as the
largest emerging regional segment. Growth in retail infrastructure
development is expected to support the growing need for the packaged goods
in this region
About Us:
Grand View Research, Inc. is a U.S. based market research
and consulting company, registered in the State of California and headquartered
in San Francisco. The company provides syndicated research reports, customized
research reports, and consulting services. To help clients make informed
business decisions, the company offers market intelligence studies ensuring
relevant and fact-based research across a range of industries including
technology, chemicals, materials, healthcare and energy.
Contact:
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Corporate Sales Specialist, USA
Grand View Research, Inc
Phone: 1-415- 349-0058
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Email: sales@grandviewresearch.com
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