Specialty Pulp and Paper Chemicals Market

Specialty Pulp and Paper Chemicals Market Size (2023-2028)

The specialty pulp & paper chemicals market was valued at USD 21.97 billion in 2022 and is estimated to grow to USD 29.16 with a (CAGR) of 5.10% from 2023-2028

Chemical derivatives used as raw materials in the production of paper are known as specialty pulp and paper chemicals. Acids, amines, alcohols, fatty alcohols, solvents, surfactants, and betaines are among the compounds used to make these substances. Mineral acids and bases are commonly employed as basic chemicals in specialized pulp and paper manufacturing. Chelating agents to produce the necessary level of brightness, biocides to control and inhibit microbiological growth, and other raw ingredients are utilized in the manufacturing process. This enhances the functional and optical characteristics of paper. Chemicals in specialty paper are largely used to increase printability, color, texture, water repellency, and strength.

Chelating agents, caustic soda, and biocide are some of the basic materials used in the production of these items. Chelating agents, when combined with hydrosulfite and hydrogen peroxide bleaches, give the paper the appropriate brightness, and so play an important part in the specialized pulp and paper sector. Biocides, on the other hand, are employed in specialized pulp and paper-making machinery to regulate and prevent microbial growth as well as to preserve efficiency.

Packaging, printing, and labeling are the most frequent applications used. They're common in the paper sector, as well as in domestic and sanitary products. These specialty pulp and paper products help with process improvement, weight reduction, greater strength, and reduced water usage, all of which help to minimize manufacturing costs. These can be introduced to the papermaking process at several stages, including the wet end size press and the drying stage. Knowledge of the addition sequence, pH, and conductivity, as well as the components in the furnish, is required for proper and efficient use of these chemicals.

Specialty Pulp and Paper Chemicals Market Drivers:

The rise of the global Specialty Pulp and Paper Chemicals Market is aided by the growth of the masking tapes market, the developing flexible packaging market, improvements in the coated paper sector, and increased demand for high-quality paper. Furthermore, over the projected period, increased consumer demand for ecologically friendly and high-quality packaging materials is predicted to boost productivity growth. In addition, the market expansion is predicted to be fueled by the rising usage of recycled paper and the need for functional chemicals in printing and decoration. As a result, the market expansion will be fueled by the growing use of coating as a protective material to induce smoothness and reduce ink absorbency in specialty paper. Furthermore, market growth has been boosted by increased demand from packaging, home, and sanitary applications.

The market for specialized pulp and paper chemicals is being driven by a growth in the demand for tissues and packaging grades, as well as the expansion of online businesses and the deployment of packaging. The growing popularity of recycled paper in the paper industry is driving demand for specialty pulp and paper chemicals, as well as the widespread use of functional chemicals in a variety of applications such as decoration, printing, and packaging, which is propelling the specialty pulp and paper chemicals market forward.

The market for specialty pulp and paper chemicals is influenced by the increasing demand for functional chemicals in various forms such as fluorescent whitening, dry-strength additives, and sizing agents, as well as the increased demand for them to produce various types of paper depending on desired texture, brightness, size, and other factors. Furthermore, these chemicals help to reduce energy consumption, productivity, raw material consumption, water consumption, and total production and operational costs, all of which have a favorable impact on the specialized pulp and paper chemicals market.

Specialty Pulp and Paper Chemicals Market Restraints:

The continuous rise of the digital revolution is casting a restraint on market expansion. Nonetheless, the application of novel enzymes in specialty paper production, as well as new product development and continual R&D operations, present considerable potential opportunities. Additionally, in the coming years, rising demand for high-quality paper is predicted to give prospects for growth and increased use of Optical Brightening Agents (OBA) and Fluorescent Brightening Agents (FBA). On the other hand, negative environmental consequences of chemicals, strict rules for human health, and price volatility in raw materials and chemicals are all possible restrictions on the overall Specialty Pulp and Paper Chemicals Market.

SPECIALTY PULP & PAPER CHEMICALS MARKET REPORT COVERAGE:

Market Segmentation:

Specialty Pulp and Paper Chemicals Market By Product:

• Basic

• Functional

• Bleaching

• Process

• Others

Due to the usage of chemicals such as latex and starch in increasing paper quality, the functional chemical sector has the biggest market share and is likely to dominate during the forecasted period. Bleaching chemicals including sodium hypochlorite, hydrogen peroxide, and enzymes are becoming increasingly popular since they improve product brightness while lowering effluent color.

Specialty Pulp and Paper Chemicals Market By Application:

•  Packaging

• Labeling

• Printing

• Others

The packaging industry owned the largest proportion of the market. This is due to the increased need for goods packaging in the e-commerce business, as well as its ability to produce great print contrast and a flawless finish when laminating and vacuum metalizing. The extensive use of specialty paper in food packaging goods such as corrugated clamshells, carryout boxes, paper tubes, plates, and cups is another element driving overall market demand.

Geographical Analysis:

• North America 

• Europe 

• Asia Pacific 

• Latin America 

• Middle East and Africa 

The global specialty pulp and paper chemicals market is dominated by the Asia Pacific region. The region accounted for a huge percentage of the global Specialty Pulp and Paper Chemicals Market and is likely to maintain its dominance during the forecast period. Furthermore, rising disposable income has boosted retail infrastructure and packaged food consumption in the region, and raw material availability is a key driver of market expansion in the Asia Pacific region.

North America has the second larger share in the global specialty pulp and paper chemicals market. Environmental performance, regulatory compliance, and early adoption of sustainable production practices are all important aspects of the industry's development, Due to saturation and growth in the digital economy. The market is predicted to expand as demand for environmentally friendly chemicals for recycled papers grows, as well as the application spectrum of specialty papers expands.

Europe has its share in the global specialty pulp and paper chemicals market. In terms of revenue, Europe is predicted to grow at a CAGR of about 4% over the projection period.

Because of new manufacturing facilities being built in the region, Latin America will gain a large market share.

The coronavirus pandemic has impacted every business imaginable in ways that most of us never imagined. Except for a rare few who observed positive improvements, and even fewer who witnessed changes on both ends of the spectrum, the impacts have been mostly unfavorable.

The pulp and paper industry was one industry that saw widespread changes. The pandemic has had a massive impact on the pulp and paper business, accelerating current trends and turning other parts of the industry on their heads. Many business experts believe the changes brought on by the coronavirus are here to stay.

Recent developments:

31 January 2019: The previously announced merger of BASF's wet-end Paper and Water Chemicals division with Solenis has been completed. The combined company will operate under the Solenis brand and will provide expanded chemical offerings and cost-effective solutions for customers in the pulp, paper, oil and gas, chemical processing, mining, biorefining, power, municipal, and other industrial markets, with pro forma sales of approximately $3 billion. BASF will control 49 percent of the combined firm, while Solenis management and funds managed by Clayton, Dubilier & Rice would own 51 percent (CD&R).

Specialty Pulp and Paper Chemicals Market Key Players:

• AkzoNobel N.V.

• Ashland Inc.

• Buckman Laboratories International, Inc.

• BASF SE

• Kemira Oyj

• SNF Floerger

• The Dow Chemical Company

• Evonik Industries AG

• Nalco Holding Company

• Shell Chemicals.