The Specialty Pulp And Paper Chemicals Market is set to grow from its current market value of more than $20 billion to over $31 billion by 2024; as reported in the latest study by Global Market Insights, Inc.
Heavy demand for one-sided specialty (coated) papers across various stationary applications will favorably impact specialty pulp and paper chemicals market growth over the coming seven years. Moreover, increasing demand for these chemicals in the packaging industry for flexible packaging applications will augment the global industry trends over the coming years. According to Global Market Insights, Inc., “Specialty pulp and paper chemicals market value is forecast to hit USD 31 billion by 2024.” Wastewater treatment chemicals sector revenue, driven by growing concerns towards environmental protection, is expected to augment the market growth over the next few years. Rise in the popularity of specialty flexible packaging materials and labels will further contribute towards the industry size.
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Moreover, new enzyme development to increase the efficiency of paper production is projected to encourage the industry trends over the next few years. Booming packaging and e-commerce industry is projected to boost specialty pulp and paper chemicals market growth in the near future. In addition to this, growing usage of graphic papers, tissues, diazo papers, and other specialty papers are forecast to foster specialty pulp and paper chemicals industry growth over the coming timeframe. Extensive applications of specialty pulp and paper chemicals in release liners, thermal transfers, posters, laminations, envelopes, and gift wraps will further benefit the market growth.
Functional chemicals, bleaching chemicals, polymerization & blowing agents, and process chemicals are some of the major specialty pulp and paper chemicals products. High demand for value-added paper leading to enhanced use of functional chemicals will drive specialty pulp and paper chemicals market growth over the coming years. Functional chemicals, which dominated the overall revenue in 2015, are anticipated to record substantial gains of 4.5% over the period of 2016-2024. Furthermore, growing use of recycled papers leading to the high demand for bleaching chemicals is expected to contribute substantially towards the specialty pulp and paper chemicals industry growth over the next few years. Bleaching chemicals are forecast to record a CAGR of 4% over the coming timeframe. Process chemicals market revenue is expected to surpass USD 6700 million by 2024. It helps in enhancing the efficiency and lifecycle of pulp manufacturing machines.
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Regional highlights related to specialty pulp and paper chemicals industry over 2016-2024 are detailed below:
- Asia Pacific specialty pulp and paper chemicals market, which led the regional landscape in 2015, will record a CAGR of 6% over the coming timeframe. High demand for packaging materials along with rise in the production capacity will fuel the regional growth. India and China to be the key regional revenue drivers.
- Rise in the number of new manufacturing units/establishments in the region, is expected to contribute significantly towards LATAM specialty pulp and paper chemicals industry size, which is expected to grow at a rate of 5% over 2016-2024.
- North America specialty pulp and paper chemicals industry is forecast to hit the target revenue margin of USD 6 billion by 2024.
Key industry players include Nalco Holding Company, Kemira Oyj, Ashland Inc., Akzo Nobel N.V., Shell Chemicals Company, BASF SE, Buckman Laboratories International Inc., SNF Floerger Company, and Evonik Industries.
Browse key industry insights spread across 127 pages with 87 market data tables & 11 figures & charts from the report, “Specialty Pulp And Paper Chemicals Market” in detail along with the table of contents:
Specialty pulp and paper chemicals market research report includes in-depth coverage of the industry, with estimates & forecast in terms of volume in kilo tons and revenue in USD million from 2013 to 2024, for the following segments:
- Specialty pulp and paper chemicals Market By Product
- Bleaching chemicals
- Process chemicals
- Functional chemicals
- Basic chemicals
The above information has been provided for the following regions and countries:
- North America
- Asia Pacific
- Latin America
- South Africa
About Global Market Insights
Global Market Insights, Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.