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Specialty Pulp & Paper Chemicals Market to Grow at 7.7% CAGR, Reaching $34.65 Billion by 2029
Use ONLINE30 for 30% savings on global market reports and stay on top of tariff updates, market trends, and economic shifts worldwide.Specialty Pulp & Paper Chemicals Market Outlook: How is the Market Expected to Grow by 2025?
In recent times, the market size of specialty pulp & paper chemicals has seen significant expansion. The market valuation is projected to rise from $24.26 billion in 2024 to $25.79 billion in 2025, with a compound annual growth rate (CAGR) of 6.3%. This substantial growth during the historical period can be linked to an increase in the demand for specialty papers, amplified interest for packaging materials, exponential growth in e-commerce, and heightened concerns regarding food safety, efficiency and productivity.
Specialty Pulp & Paper Chemicals Market Forecast: What Size Will It Reach By 2029?
The market for specialty pulp & paper chemicals is predicted to experience substantial expansion in the upcoming years. The market size is set to attain a value of $34.65 billion in 2029, growing at a compound annual growth rate (CAGR) of 7.7%. The projected growth during the forecast period is ascribed to several factors, including sustainability and circular economy efforts, growing applications and market diversification, an increased demand for tailored solutions, customer enlightenment, and market familiarity, and a growing necessity for high-grade paper products. Noteworthy trends in the forecast period are the application of nanotechnology in paper manufacturing, inkjet and digital printing paper, the optimization of recycled fiber, the usage of paper in functional applications, and the integration of digitalization and Industry 4.0.
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Which Key Market Drivers Will Shape Specialty Pulp & Paper Chemicals Industry Trends in 2025-2029?
The specialty pulp and paper chemicals market is poised for expansion, driven by the increasing use of recycled paper. Recycled paper is paper that has been returned to its original form. Specialty pulp and paper chemicals facilitate paper production by adding whiteness and eliminating lignin. As an illustration, a report from the UK government's information website in September 2024 noted that 62.4% of packaging waste in the UK was recycled in 2022, a figure that soared to 64.8% in 2023. In the same year, 8.2 million tonnes out of the total 12.7 million tonnes of packaging waste originated from recycling efforts. The majority of waste comprised paper and cardboard, summing up to 5.4 million tonnes. Consequently, the growing use of recycled paper is fueling the growth of the specialty pulp and paper chemicals market.
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What Are the High-Growth Segments in the Specialty Pulp & Paper Chemicals Market?
The specialty pulp & paper chemicals market covered in this report is segmented -
1) By Product: Basic Chemicals, Functional Chemicals, Bleaching Chemicals, Process Chemicals
2) By Sales Channel: Direct/Institutional Sales, Indirect Sales
3) By Application: Packaging, Labeling, Printing, Other Applications
Subsegments:
1) By Basic Chemicals: Sodium Hydroxide, Sodium Sulfide, Calcium Carbonate, Sulfuric Acid
2) By Functional Chemicals: Retention Aids, Wet Strength Resins, Defoamers, Coating Additives
3) By Bleaching Chemicals: Chlorine Dioxide, Hydrogen Peroxide, Ozone, Sodium Hypochlorite
4) By Process Chemicals: Pulping Chemicals, Sizing Agents, Dispersants, Biocides
Which Global Trends Are Driving Specialty Pulp & Paper Chemicals Market Expansion?
Leading firms in the specialty pulp and paper chemicals industry are concentrating their investments on generating the latest specialty pulps, with key objectives including product quality enhancement, sustainability improvement, and reduction of environmental harm. This matches current market trends of customers demanding innovative and environmentally considerate paper goods. Pulp mill investments are specifically being directed towards introducing cutting-edge technology capable of producing these next-generation specialty pulps. These precautions are predicted to boost both the mill's competitiveness and its environmental performance, with the added benefit of preserving and creating employment opportunities in British Columbia. For example, in September 2024, Kruger Inc., a company based in Canada, committed a considerable $32.4 million investment to its Kamloops Pulp Mill. These funds are set to facilitate the introduction of an innovative pressure diffusion washer supported by AI-based controls, a first within Canada. In addition to preserving 340 existing jobs at the Kamloops mill, this investment will lead to the creation of four new positions. Furthermore, it's expected to indirectly maintain about 1,000 jobs across the local biomass value chain.
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Who Are the Fastest-Growing Companies in the Specialty Pulp & Paper Chemicals Industry?
Major companies operating in the specialty pulp & paper chemicals market include AkzoNobel NV., Ashland Global Holdings Inc., BASF SE, Buckman Laboratories International Inc., Evonik Industries AG, Smurfit Kappa Group, Mondi Group, Kemira Oyj, SNF Floerger, The Dow Chemical Company, Lee & Man Paper, Nalco Holding Company, Shell Chemicals, Imerys, DowDuPont, Solenis, Ecolab, Huntsman Corporation, Clariant, Wacker Chemie AG, Sappi Limited, Georgia-Pacific Chemicals LLC, Omya International AG, Nippon Paper Industries Co, Buckeye Technologies Inc, Rayonier Advanced Materials Inc, Borregaard ASA, Fibria Celulose SA
What Is the Regional Outlook for the Specialty Pulp & Paper Chemicals Market by 2029?
Asia-Pacific was the largest region in the specialty pulp and paper chemicals market in 2024. Europe is expected to be the fastest-growing region in the specialty pulp and paper chemicals market share during the forecast period. The regions covered in the specialty pulp & paper chemicals market report include Asia-Pacific, Western Europe, Eastern Europe, North America, South America, Middle East and Africa.
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