Specialty Pulp and Paper Chemicals Market Analysis | 2023-2028

“The Specialty Pulp and Paper Chemicals Market is expected to grow from USD 21 billion in 2022 to USD 24.97 billion by 2028 at a CAGR of 2.88% during the forecast period”.

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Market Dynamics

Introduction

Specialty pulp and paper chemicals are specific chemical compounds used in the production of paper and pulp to enhance or modify the manufacturing process and product properties. They have unique functions that are utilized to improve the quality and performance of paper.

These chemicals are downstream derivatives of a variety of commodity chemicals such as acids, alcohols, amines, solvents, fatty alcohols, surfactants, and betaines.

Market Drivers

Rising demand for one-sided specialty papers is likely to drive market growth during the forecast period. One-sided specialty (coated) papers made from specialty chemicals such as functional and process chemicals are used in a wide range of applications such as labeling, release liners, envelopes, laminating, gift wrapping, posters, and thermal transfers.

The use of these chemicals as defoamers, retention aids, flocculant polymers, and others, in cleaning wastewater before disposal is expected to underpin the growth of the market in the coming years.

Segments Analysis

By Product Type

“Functional chemicals are projected to be both the largest and the fastest-growing segment of the market throughout the forecast period”.

The market is segmented into bleaching chemicals, process chemicals, functional chemicals, and basic chemicals. Functional chemicals are estimated to be the largest as well as the fastest-growing segment of the market during the forecast period. Functional chemicals include dyes, coating chemicals, and pigments. The segment's growth is driven by the increasing demand for value-added paper, which has resulted in the highest consumption of functional chemicals. 

Bleaching chemicals, on the other hand, are expected to witness significant growth in the market during the forecast period. The growth of the segment is likely to be driven by the growing demand for recycled papers due to increasing awareness regarding environmental conservation among consumers.

Regional Analysis

“Asia-Pacific is anticipated to be both the leading and the fastest-growing region in the market during the forecast period’.

The market is broken down geographically into areas, namely North America, Europe, Asia-Pacific, and the Rest of the World (RoW). In terms of regions, Asia-Pacific is expected to be the dominant as well as the fastest-growing region in the market during the forecast period. 

Rising demand for packaging materials owing to the continuous growth in the retail markets of India and China is expected to maintain the regional market’s dominance in the coming years. Also, North America and Europe are expected to provide significant growth opportunities in the market over the forecast period.

Key Players

The following are the key players in the Specialty Pulp and Paper Chemicals Market (arranged alphabetically)

• AkzoNobel N.V.
• Ashland Global Specialty Chemicals Inc.
• BASF SE
• Buckman Laboratories International, Inc.
• Evonik Industries AG.
• Kemira Oyj
• Nalco Holding Company
• Shell Chemicals
• SNF Floerger
• The Dow Chemical Company

Note: The above list does not necessarily include all the top players in the market.

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Report Features

This report provides market intelligence in the most comprehensive way. The report structure has been kept such that it offers maximum business value. It provides critical insights into the market dynamics and will enable strategic decision-making for the existing market players as well as those willing to enter the market.

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Research Methodology

This report offers high-quality insights and is the outcome of a detailed research methodology comprising extensive secondary research, rigorous primary interviews with industry stakeholders, and validation and triangulation with Stratview Research’s internal database and statistical tools.

More than 1,000 authenticated secondary sources, such as company annual reports, fact books, press releases, journals, investor presentations, white papers, patents, and articles have been leveraged to gather the data.

We conducted more than 15 detailed primary interviews with the market players across the value chain in all four regions and with industry experts to obtain both qualitative and quantitative insights.

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