Specialty Pulp & Paper Chemicals Market To Be Driven By High Demand For Bleaching & Functional Chemicals By 2027

Specialty Pulp & Paper Chemicals Industry Overview

The global specialty pulp and paper chemicals market size was valued at USD 21.9 billion in 2019 and is expected to grow at a compound annual growth rate (CAGR) of 3.1% from 2020 to 2027. 

The market is anticipated to be driven by growing demand for bleaching and functional chemicals used in the production of specialty paper for applications such as packaging, printing, and labeling. Specialty pulp and paper chemicals are downstream derivatives of a wide range of commodity chemicals including acids, amines, alcohols, fatty alcohols, solvents, surfactants, and betaines; wherein these commodity raw materials are bulk chemicals and can be supplied directly without preprocessing treatment. Mineral acids and bases are generally used as basic chemicals in the manufacturing of specialty pulp and papers.

Gather more insights about the market drivers, restrains and growth of the Global Specialty Pulp & Paper Chemicals Market

Various raw materials used in the manufacturing of these products include chelating agents, caustic soda, and biocide. Chelating agents provide the desired level of brightness to the paper when applied with hydrosulfite and hydrogen peroxide bleaches, thereby playing a vital role in the specialty pulp and paper industry. Biocides, however, are used to control and prevent microbial growth and to maintain efficiency in specialty pulp and paper manufacturing machines.

 

Over the past years, the demand for specialty paper and pulp chemicals has been declining or is relatively stagnant due to the digital revolution, which has also led to consolidation in the industry. However, growing demand for packaging, household, and sanitary applications has helped bring stabilization in the market. The increasing popularity of coating as a protective material to induce smoothness and reduce ink absorbency in specialty paper will amplify the usage of functional chemicals over the next few years.

Browse through Grand View Research's Organic Chemicals Industry Research Reports.

·   Amines Market - The global amines market size was estimated at USD 14.4 billion in 2016. The increasing use of the product and its derivatives for the manufacture of numerous personal care products is expected to have a significant impact on market growth over the forecast period. The rapid growth of the personal care industry, on account of increasing consumer expenditure on luxury and lifestyle goods at a global level, is expected to act as the key market driver over the forecast years.

·    Fatty Alcohol Market - The global fatty alcohol market demand was 2,345.8 kilotons in 2014. It is projected to expand at a CAGR of 4.3% from 2015 to 2022. Growing demand for biodegradable and sustainable products on account of reducing petrochemical dependence is expected to remain a key driving factor for global fatty alcohol industry. Volatile price of petrochemical derived products on account of supply-demand imbalances raise concerns for global chemical industry which has prompted this shift towards bio-based chemicals industries.

Specialty Pulp & Paper Chemicals Market Segmentation

Grand View Research has segmented the global specialty pulp and paper chemicals market on the basis of product, application, and region:

Specialty Pulp & Paper Chemicals Product Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

·         Basic

·         Functional

·         Process                

·         Bleaching

Specialty Pulp & Paper Chemicals Application Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

·         Printing

·         Packaging

·         Labeling

·         Others

Specialty Pulp & Paper Chemicals Regional Outlook (Volume, Kilotons; Revenue, USD Million, 2016 - 2027)

o   North America

o   Europe

o   Asia Pacific

o   Central and South America

o   Middle East & Africa (MEA)

Market Share Insights

·     June 2021: by the Bureau and Economic Analysis and U.S. The Census Bureau reports the recovery of the U.S. market. The report also described the recovery of U.S. International Trade in July 2021.

·   April 2021: exports in the country reached $300 billion, an increase of $13.4 billion. In April 2021, imports amounted to $294.5 billion, increasing by $17.4 billion. COVID19 is still a significant issue for economies around the globe, as evidenced by the year-over-year decline in exports in the U.S. between April 2020 and April 2021 and the increase in imports over that same period of time.

 Key Companies profiled:

Some prominent players in the global specialty pulp & paper chemicals market include

·         Ashland

·         BASF SE

·         Buckman

·         Dow Chemical Company

·         Ecolab

·         SNF Group

·         Evonik Industries AG

·         Nouryon

·         Solenis

Order a free sample PDF of the Specialty Pulp & Paper Chemicals Market Intelligence Study, published by Grand View Research.

 About Grand View Research

Grand View Research, U.S.-based market research and consulting company, provides syndicated as well as customized research reports and consulting services. Registered in California and headquartered in San Francisco, the company comprises over 425 analysts and consultants, adding more than 1200 market research reports to its vast database each year. These reports offer in-depth analysis on 46 industries across 25 major countries worldwide. With the help of an interactive market intelligence platform, Grand View Research Helps Fortune 500 companies and renowned academic institutes understand the global and regional business environment and gauge the opportunities that lie ahead.

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