Global Specialty Pulp and Paper Chemicals Market Grows Steadily at a CAGR of 4.12%

Introduction

Specialty pulp and paper chemicals are typically utilized in packaging, printing, and labeling. These specialty pulp and paper products aid in the enhancement of processes, the reduction of weight, the enhancement of strength, and the reduction of water requirements, all of which reduce production costs.

Market Dynamics

Growing Demand for Functional Chemicals and Increasing Need for Tissues and Packaging Grades Drives the Global Market

Tissue paper, diazo paper, laminations, magazines, and envelopes are examples of specialty papers used to increase market growth and demand for specialty chemicals. In addition, the rise in recycled paper consumption contributes to expanding the specialty pulp and paper chemicals market.The pulp and paper chemicals market is primarily driven by the rising need for tissues and packaging grades, increasing the demand for specialty pulp and paper chemicals. The market for specialty pulp and paper chemicals is expanding due to the rising popularity of recycled paper in the paper industry and the extensive use of functional chemicals in various applications, including decoration, printing, and packaging.

Regional Analysis

Asia-Pacific is the largest shareholder in the global specialty pulp and paper chemicals market. The strong presence of specialty pulp and paper producers in China and Japan is expected to increase demand for chemicals because of these countries' easy access to equipment and raw materials. Additionally, it is anticipated that the market will expand due to the rising demand for specialty pulp and paper in several end-use industries, including labeling, printing, and packaging.

Key Highlights

• The global specialty pulp and paper chemicals market size was valued at USD 21.31 billion in 2021. It is projected to reach USD 30.65 billion by 2030, growing at a CAGR of 4.12% during the forecast period (2022–2030).
• Based on product, the market is divided into basic chemicals, functional chemicals, bleaching chemicals, and process chemicals. Functional chemicals are the most dominant and fastest-growing product segment during the forecast period.
• Based on application, the market is categorized into printing, packaging, and labeling.Packaging is the dominant segment in the global specialty pulp and paper chemicals market.
• Asia-Pacific is the largest shareholder in the global specialty pulp and paper chemicals market.

Competitive Players

1. Ashland
2. BASF SE
3. Buck man
4. Dow Chemical Company
5. Ecolab
6. SNF Group
7. Evonik Industries AG
8. Nouryon
9. So lenis

Recent Developments

• April 2024 - An entrepreneurial specialized chemical firm called BIM Kemi and Kemira reached an exclusive distribution agreement for the marketing of BIM Kemi's pulp defoamer products in Brazil. As a result of this arrangement, Kemira will exclusively provide Brazil's pulp industry with BIM defoamer and drainage technology.
• July 2024 - Kodiak, a prominent provider of specialized chemicals for the steel, automotive, energy, and aerospace sectors, bolstered its market position by acquiring Southern Adhesives and Coatings. Kodiak's latest acquisition in 2024 allows them to strategically focus on the paper and packaging sectors.

Segmentation

1. By Product
   1. Basic Chemicals
   2. Functional Chemicals
   3. Bleaching Chemicals
   4. Process Chemicals
2. By Applications
   1. Printing
   2. Packaging
   3. Labelling