Press release
What's Driving The Specialty Pulp And Paper Chemicals Market Size? | Kemira, Shell, Ashland, AkzoNobel, Nalco Water, An Ecolab Company, Buckman, SNF, BASF, Evonik, The Dow Chemical Company
Specialty Pulp And Paper Chemicals Market
Rise in the demand of one-sided specialty (coated) papers will be the principal driver for the growth in global specialty pulp and paper chemicals market size in the next few years. The demand for one-sided specialty (coated) papers was accounted for over 4,000 kilo tons in 2015 and will show significant growth.
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The global Specialty Pulp and Paper Chemicals Market is exhibiting a strong growth path with the evolving need of production and quality in the paper industry. Rising demand for different types of specialty paper from the paper, stationery, and packaging sectors across the globe will contribute heavily toward business expansion. Paper continues to be commonplace in the medical, household, industrial, packaging, and other commercial sectors despite the fledging digitization technology.
Growing demand for one-sided specialty papers will be a major driver for the growth of specialty pulp and paper chemicals market over the coming seven years. One-sided coated papers find application in envelopes, laminating, gift wrapping, release liners, posters, labeling, and thermal transfers and are expected to witness a heightened market demand, after registering a valuation of 4000 kilo tons in 2015. As per a report by Global Market Insights, Inc., specialty pulp and paper chemicals industry is anticipated to register a CAGR of 4.9% over 2016-2024 and the market valuation is expected to surge from USD 20.2 billion in 2015 to USD 31 billion by 2024.
Specialty pulp and paper chemicals market is segmented into four types of products namely, process chemicals, functional chemicals, bleaching chemicals, and polymerization & blowing agents. Of these, functional chemicals accounted for more than 50% of overall specialty pulp and paper chemicals industry share in 2015 and is expected to be the fastest growing segment at 4.5% CAGR in terms of revenue from 2016-2024. These types of chemicals include various pigments, dyes, and coatings chemicals.
Asia Pacific represents the fastest growing region in the global specialty pulp and paper chemicals industry. Increasing production capacities in the region are expected to drive the market growth. Positive outlook of packaging and retail market in India and China has propelled the growing demand for specialty paper chemicals. Asia Pacific specialty pulp and paper chemicals market accounting for 35% of total volume in 2015 dominated the regional revenue landscape and is projected to register a CAGR of 6% over 2016-2024. The regional market is expected to generate a revenue over USD 11.5 billion by 2024, subject to increasing production capacities in the region. Latin America market is also gaining prominence as many new manufacturing facilities have been established in the area. Latin America specialty pulp and paper chemicals industry is expected to surpass a revenue generation of USD 3,300 million by 2024, at 5% growth rate from 2016-2024. The steady demand in Asia Pacific and Latin America will lead North America and Europe losing their industry share.
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Company profiled in this report based on Business overview, Financial data, Product landscape, Strategic outlook & SWOT analysis:
1. Kemira
2. Shell
3. Ashland
4. AkzoNobel
5. Nalco Water, An Ecolab Company
6. Buckman
7. SNF
8. BASF
9. Evonik
10. The Dow Chemical Company
Strong digitization trends in North America and Europe are one of the major reason of shifting paper consumption trends to Asia Pacific. In 2015, Europe specialty pulp and paper chemicals industry share accounted for 30% of overall demand, however the industry collapsed with rising inclination toward to e-books and electronic media. The specialty pulp and paper chemicals industry is foreseen to depict below average gains over the coming seven years. Nevertheless, though the advent digital age has impacted the paper industry, a noticeable rise is expected in use of specialty papers for packaging. Europe and North America specialty pulp and paper chemicals markets are expected to grow at an annual rate of 4% each in terms of revenue over the period of 2016-2024.
Functional chemicals, bleaching chemicals, polymerization & blowing agents, and process chemicals are some of the major specialty pulp and paper chemicals products. High demand for value-added paper leading to enhanced use of functional chemicals will drive specialty pulp and paper chemicals market growth over the coming years. Functional chemicals, which dominated the overall revenue in 2015, are anticipated to record substantial gains of 4.5% over the period of 2016-2024. Furthermore, growing use of recycled papers leading to the high demand for bleaching chemicals is expected to contribute substantially towards the specialty pulp and paper chemicals industry growth over the next few years. Bleaching chemicals are forecast to record a CAGR of 4% over the coming timeframe. Process chemicals market revenue is expected to surpass USD 6700 million by 2024. It helps in enhancing the efficiency and lifecycle of pulp manufacturing machines.
Regional highlights related to specialty pulp and paper chemicals industry over 2016-2024 are detailed below:
• Asia Pacific specialty pulp and paper chemicals market, which led the regional landscape in 2015, will record a CAGR of 6% over the coming timeframe. High demand for packaging materials along with rise in the production capacity will fuel the regional growth. India and China to be the key regional revenue drivers.
Browse key industry insights spread across 127 pages with 87 market data tables & 11 figures & charts from the report, “Specialty Pulp And Paper Chemicals Market ” in detail along with the table of contents:
https://www.gminsights.com/industry-analysis/specialty-pulp-and-paper-chemicals-market
Key insights from the report include:
• Global specialty pulp and paper chemicals market size is forecast to exceed USD 31 billion by 2024, with estimated gains at over 4%.
• Functional chemicals registered the maximum share of over USD 10.5 billion in 2015. It constituted over half of the global specialty pulp and paper chemicals industry share.
• Asia Pacific, led by China, will be the major driver for the global market and is expected to reach a revenue of USD 11.50 billion of specialty pulp and paper chemicals by 2024. The huge number of stationery and packaging industry end-users will account for this demand.
• Fastest growth is also expected in the Asia Pacific region owing to the growing demand of packaging industry and increasing production capacity of industries in these regions.
• North America and Europe is expected to lose their market share to Asia Pacific and Latin America owing to the growing digitalization in these regions.
• North America specialty pulp and paper chemicals market is expected to reach a total revenue of over USD 6 billion in 2024.
• In 2015, the global specialty pulp and paper chemicals market share was concentrated as the top six industry participants accounted for more than 80% of supply.
Contact Us:
Arun Hegde
Corporate Sales, USA
Global Market Insights, Inc.
Phone: 1-302-846-7766
Toll Free: 1-888-689-0688
Email: sales@gminsights.com
Web: https://www.gminsights.com
About Global Market Insights:
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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