By 2022, the market for specialised pulp and paper chemicals is projected to be worth US$ 22 billion, growing at a CAGR of 3.1% between 2022 and 2032. By the end of 2032, the specialised pulp & paper chemicals market share is projected to be worth around US$ 30 billion.
During the pandemic, the demand for paper products for personal hygiene purposes increased and served as a significant driving force for the specialised pulp and paper chemicals industry.
Competitive Landscape for the Specialty Pulp & Paper Chemicals Market
By the long term existence of many well-established specialty pulp and paper chemicals market players, the market is extremely fragmented. From obtaining the raw materials to producing the completed product line, most of the specialty pulp and paper chemicals market key players are quite consolidated across the value chain.
To increase market share and regional presence, specialty pulp and paper chemical companies engage in takeovers, licensing agreements, and production improvements. Additionally, they are actively engaged in R&D to create new technologies and are concentrated on modernizing the product line.
Global Specialty Pulp & Paper Chemicals Market Key Players
- BASF SE
- Buck man
- Dow Chemical Company
- SNF Group
- Evonik Industries AG
- So lenis
Recent Developments in Global Specialty Pulp & Paper Chemicals Market
- The sophisticated pitch automation system developed by Buck Man increases output and performance of manufacturing units.
- The end use strength of the specialty paper goods can be improved by SNF’s Dry Strength Resin (DSR) programs, which lowers the base load, by getting rid of any bad fiber presence, before it is put into the processing machine.
What does the future hold for the market for specialty pulp and paper chemicals?
Future trends in the specialised pulp and paper chemicals market are predicted to be influenced by continued advancements made by industry players to comply with stringent environmental legislation and the growing support for the reuse of paper products.
The development of new enzymes that might increase the productivity of the used paper-making processes is also projected to support the expansion of the specialised pulp and paper chemicals market.
What is the Performance of Specialty Pulp & Paper Chemicals Market in Asia Pacific Region?
With roughly over 46% of the market’s total revenue recorded by the global market study on specialty pulp and paper chemicals in 2021, the Asia Pacific region led the target market.
The convenience of availing materials and supplies in the Asia Pacific economies have turned out this regional specialty pulp and paper chemicals extremely profitable in the continuing years. As during projected period, more specialized pulp and paper products are expected to be exported by China and Japan, it promises for a rising trend in the specialty pulp and paper chemicals market key trends and opportunities in this geographical region.
Specialty Pulp & Paper Chemicals Market by Segmentation
By Product Type:
- Basic Chemicals
- Functional Chemicals
- Bleaching Chemicals
- Process Chemicals
By Application :
- North America
- Latin America
- East Asia
- South Asia
- Middle East and Africa