Insights on the Pulp & Paper Chemicals Global Market to 2024 With Top Key Players Kemira Oyj, AkzoNobel N.V., BASF SE, Dow Chemical Company
Specialty pulp and paper chemicals are a group of compounds that are used in the manufacturing of papers. These chemicals can be used to alter the color and brightness of papers or to enhance their strength and water resistibility. Increasing demand for specialty papers for applications in stationary, packaging, paper crafts, and others is expected to boost the industry growth.
Even though the world is undergoing rapid digital transformation, there is still a significant demand for papers in different applications, right from banknotes to printing papers and notepads to sanatory papers. According to the U.S. Environmental Protection Agency, approximately 300 million tons of papers are manufactured each year globally.
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Asia Pacific specialty pulp and paper chemical market is predicted to witness significant growth owing to the presence of a flourishing print media industry. A growing number of newspaper readers especially in emerging economies like India could escalate pulp chemicals demand in the papermaking industry. According to the Indian Readership Survey (IRS) data, the overall newspaper readership was around 425 million in the first quarter of 2019.
Paper-based flexible packaging solutions
Flexible packaging is a prominent application category for coated papers. Increasing demand for takeaway and home delivery food services is boosting tremendous demand for flexible packaging solutions. For example, the global food packaging industry size was estimated at US$303.26 billion in 2019.
North America specialty pulp and paper chemicals industry should expand considerably on account of the growing utilization of flexible packaging solutions in the e-commerce sector. Paper packaging is a sustainable alternative to plastic-based packaging solutions, due to which it is widely utilized in e-commerce sector to fall in line with strict government regulations for reducing CO2 emission from plastic wastes.
Increased preference for packaged food products among youth in the United States owing to better disposable income is likely to propel the regional specialty paper chemical production.
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Robust demand for specialty papers
The specialty pulp and paper chemicals industry based on the product is categorized into bleaching chemicals, process chemicals, and functional and basic chemicals. Among these, the bleaching chemicals segment is slated to capture a sizable industry share, owing to the presence of environment-friendly methods such as elemental chlorine bleaching, elemental chlorine-free bleaching, and totally chlorine-free bleaching. These processes find applications in the manufacture of white papers, in which wood pulp is bleached to remove color traces.
Specialty pulp and paper chemicals market value is consolidated with leading six market players having more than 75% of the global market share. Kemira Oyj, AkzoNobel N.V., BASF SE, Dow Chemical Company, Nalco Holdings, and Ashland, Inc. are the major manufacturers in the industry. Other market participants include Shell Chemicals, SNF Floerger, Buckman Laboratories International, Inc. Evonik Industries, and several others.
Specialty pulp and paper chemicals market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
• Bleaching chemicals
• Process chemicals
• Functional chemicals
• Basic chemicals
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