Specialty Pulp and Paper Chemical Market - Increase In Per Capita Consumption of Paper Products Particularly In China, India, And Other Developing Markets Is Expected To Make Way for a Major Growth Opportunity

Growing demand for specialty paper in a variety of applications related to printing, labeling, packaging and decoration is a key factor in the specialty pulp and paper chemistry market.

The market for specialty pulp and paper chemicals is expected to reach 22,829 million by 2023, with annual growth rate of 5.6% from 2017 to 2023. In 2016, the functional chemicals sector accounted for about one-fifth of the global market.

Specialty pulp and paper chemicals are the raw materials used to make special paper. This is an integral part of the paper manufacturing process and reduces the consumption of water and energy. It also improves the optical and functional characteristics of paper such as color, texture, brightness, strength, and printing ability during the paper manufacturing process. Some of the specialty paper chemicals include sodium hydrosulfite, hydrogen peroxide, and chlorine, which are used as bleaching agents. Sodium silicate, various surfactants used in enzyme and deinking processes; Alkyl ketone dimers and alkenyl succinic anhydrides used in sizing. Special papers have a wide range of applications including printing, labeling and packaging in a variety of areas such as paper, food, textiles, retail and packaging.

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Paper recycling has gained considerable importance in the global paper industry over the last decade. Increased use of recycled paper has increased the demand for specialty pulp and paper chemicals. In addition, demand for functional chemicals such as packaging, printing, and decoration is increasing, leading the special pulp and paper market.

The key players operating in specialty pulp and paper chemical market are
• AkzoNobel N.V.
• Ashland Inc.
• Buckman Laboratories International Inc.
• BASF SE
• Buckman Laboratories International Inc.
• Kemira Oyj
• SNF Floerger
• The Dow Chemical Company
• Evonik Industries AG
• Nalco Holding Company
• Shell Chemicals.

Functional chemical segments of specialty chemicals consist of various types of dry strength additives, wet strength resins, fluorescent whitening and sizing agents. Extensive use of special paper in a variety of fields requires a variety of paper characteristics, such as color, brightness, sizing, and texture. The use of functional chemicals has increased to meet the needs of the pulp and paper industry contributing to the growth of specialty pulp and paper chemicals markets. However, due to the adverse effects of chemicals on the environment and human health, stringent regulations on the manufacture of specialty paper are being drafted, which hinders market growth.

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In addition, fluctuations in the prices of raw materials and chemicals required for paper production are expected to limit the growth of specialty pulp and paper chemicals markets. Nonetheless, specialty pulp and paper chemicals offer benefits such as improved productivity, reduced water, raw materials and energy consumption, which in turn will provide future market opportunities by controlling future operating costs. In addition, the use of new enzymes in specialty paper production is expected to provide a significant opportunity in the specialty pulp and paper chemicals market during the forecast period.

Key Findings of the Specialty Pulp and Paper Chemicals Market:
• The functional chemical segment is expected to be fastest growing segment, at an estimated CAGR of 6.3% from 2017 to 2023.
• The bleaching & RCF chemical segment is expected to account for the highest market share and is anticipated to grow at a CAGR of 5.0% from 2017 to 2023.
• Asia-Pacific accounted for largest market share in the global specialty pulp and paper chemicals growing at a CAGR of 7.4%.
• In 2016, the U.S. accounted for the largest market share growing at a CAGR of 4.1%, closely followed by China, which is growing at an estimated CAGR of 7.9% from 2017 to 2023.
• LAMEA is anticipated to grow at a significant CAGR of 5.8%.
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