What Is The Current and Historic Market Size Analysis Of The Specialty Pulp & Paper Chemicals Market?
The specialty pulp & paper chemicals market has seen considerable growth due to a variety of factors.
• The market size for specialty pulp & paper chemicals has seen robust growth in recent years. It is projected to expand from $24.26 billion in 2024 to $26.16 billion in 2025, a compound annual growth rate (CAGR) of 7.9%.
This progress during the historic period is principally owing to the rising demand for specialty papers, an upsurge in the need for packaging materials, a swift expansion in e-commerce, as well as growing concerns over food safety, efficiency and productivity.
What Are The Predictions for The Specialty Pulp & Paper Chemicals Market Size In The Coming Years?
The specialty pulp & paper chemicals market is expected to maintain its strong growth trajectory in upcoming years.
• The market for specialty pulp & paper chemicals is predicted to experience significant expansion in the upcoming years, escalating to a value of $35.53 billion by the year 2029 with a compounded annual growth rate (CAGR) of 7.9%.
This growth during the projected period is linked to factors such as sustainability and circular economy, burgeoning applications and market diversification, growing demand for tailored solutions, increased consumer literacy and market consciousness, as well as a surge in the need for superior paper products. Key trends slated for the forecast period incorporate the use of nanotechnology in paper manufacturing, inkjet and digital printing paper, the optimization of recycled fiber, the use of paper in functional applications, and the digitalization and assimilation of Industry 4.0.
What Are The Essential Drivers Behind The Growth Of The Specialty Pulp & Paper Chemicals Market?
The specialty pulp and paper chemicals market is predicted to see significant growth as the consumption of recycled paper increases. Recycled paper is paper that has been returned to its original state. These specialty chemicals improve the paper manufacturing process by whitening the paper and eliminating lignin. As per a report by the UK government released in September 2024, there was a sharp increase in packaging waste recycling in the UK from 62.4% in 2022 to 64.8% in 2023. In that same year, recycling accounted for 8.2 million tonnes out of the 12.7 million tonnes of packaging waste produced. Paper and cardboard were the main components of this waste, adding up to 5.4 million tonnes. Thus, the increasing use of recycled paper fuels the growth of the specialty pulp and paper chemicals market.
How Is The Global Specialty Pulp & Paper Chemicals Market Divided Into Key Segments?
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
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What Trends Are Reshaping The Future Of The Analysis Market?
Key stakeholders in the specialty pulp and paper chemicals market are focusing their efforts on augmenting production lines for next-generation specialty pulps. The goals are to improve product quality, increase sustainability, lessen environmental impact, and cater to the market's growing need for innovative and environmentally-friendly paper products. Investments are being channeled to pulp mills, using advanced technology for the production of next-generation specialty pulps. The project is expected to bolster the mill's competitiveness and environmental standards, and also secure and create employment opportunities in British Columbia. To illustrate, Kruger Inc., a firm based in Canada, declared a substantial investment worth $32.4 million in its Kamloops Pulp Mill in September 2024. The funds will be used to deploy a one-of-a-kind pressure diffusion washer with AI-based controls in Canada. This will not only maintain 340 existing jobs at the Kamloops mill but also form four new roles. It is also estimated to indirectly sustain approximately 1,000 jobs in the local biomass value chain.
Who Are the Key Players in the Specialty Pulp & Paper Chemicals Market?
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 are the Regional Insights into the Specialty Pulp & Paper Chemicals Market?
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.
