Speciality Pulp & Paper Chemicals Market Forecast, Trend, Analysis

According to the speciality pulp & paper chemicals market size & growth analysis report by Fact.MR, in 2021, global sales of the speciality pulp & paper chemicals industry held at US$ 23.5 Billion. With a projected market growth during 2022 - 2032 of 3.3%, which is slightly more than the historical growth, the market size is expected to grow to US$ 33.4 Billion by the end of the forecast period during 2022-2032.

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The drivers in the global market of speciality pulp and paper chemicals are mainly thrust by the increasing demand for special high-quality paper products across various sectors, such as packaging, hygiene, and specialty papers. Growth in industrial applications for paper and board products, as well as consumer preference towards greener and more sustainable ways, is driving the demand for green and biodegradable paper products, thereby driving the demand for specialty chemicals that improve the performance of paper with a reduced environmental footprint. In addition, technological developments in chemical formulations for paper and board production have made it easier to produce stronger paper with better gloss and printing quality, which further fuels market growth.

Demand for packaging materials in terms of rising e-commerce is pushing the demand especially for corrugated boxes and paper-based packaging. The growing 'green' emphasis on both the consumer and manufacturer side also fuels speciality pulp and paper chemicals. Additional pressures from regulations related to hazardous chemicals prompted companies to invest in safer and greener options that found their way into the market.

On the other hand, the market faces various issues in terms of fluctuations of raw material prices that adversely affect the rise in production costs and reduces profitability. Digitalization further restricts demand and hence, growth in the market since paper predominantly used for printing and writing would sharply decline.

However, the market is expected to be on an upward trajectory in terms of innovation of value-added paper products, particularly in packaging and specialty applications.

Market Future Outlook

There are good opportunities presented for speciality pulp and paper chemicals with growth in packaging and tissue paper. In this study, market analysts note that this market is expected to grow modestly over the next few years, prompted by a myriad of factors, including the growing global need for eco-friendly solutions for packaging as well as increasing interest in sustainability. Asia-Pacific regions, particularly China and India, would witness enormous growth due to vast population base as well as the emerging need for consumer goods in these regions.

Sustainability would be a pre-receiving panacea across all discussions within the market environment. The innovations would be well-driven on the lines of low environmental impact for the production of pulp and paper. Biodegradable and recyclable chemicals will further grow popularity with the benefits being low-water and energy using during production. Also, they must incur an amount on R&D activities in order to make the products lighter in weight yet strong and solid. They have to strictly follow environmental standards. The demand for lightweight yet durable paper materials is set to be high, especially for food and beverage packaging and pharmaceutical industries.

Market Study

Specialty Pulp and Paper Chemicals Market can be categorized into four types: functional chemicals, process chemicals, bleaching chemicals, and coating chemicals. Functional chemicals that enhance particular properties such as strength, durability, and water resistance of paper comprise a significant market share. The use of process chemicals aids the paper manufacturing process overall. Coating chemicals enhancing the surface properties of papers, for instance, gloss and printability, increase in popularity by the day with the trend of high-quality printed materials still on the rise.

Regional dynamics will also dictate the market. North America and Europe are mature markets with a greater focus on sustainability and regulatory compliance. However, in the Asia-Pacific region, industrialization and urbanization make it a notable market for consumer goods, and the higher penetration of e-commerce in the region further increases the demand for packaging material, which will henceforth support specialty chemicals growth.

Key Companies Covered

The global speciality pulp and paper chemicals market is highly competitive with some of the companies dominating the market position. The list of the major companies is given below.

• BASF SE
• AkzoNobel N.V
• Ashland Inc
• Buckman Laboratories International, Inc
• Kemira Oyj
• SNF Floerger
• The Dow Chemical Company
• Evonik Industries AG
• Nalco Holding Company
• Shell Chemicals

Competitive Landscape

Presently, intense rivalry exists amongst the leading players operating in this speciality pulp and paper chemicals market; however, several regional and local manufacturers also exist in this market. Companies are trying to expand their product lines, especially that of ecofriendly and biodegradable chemicals, so as to maintain their competitive market advantage. Some key strategies that market participants use to gain an edge over the competitors include strategic alliances with paper producers, a focus on cost-effective and more sustainable chemical solutions.

Sonoco has raised the prices of all grades in Canada and US uncoated recycled board, referred to as URB. The price will go up by $50 per ton for shipments starting from February 18, the company said in a statement. According to Sonoco, it is raising the prices because of the continued growth in demand. This meant more backlogs and pressures on inflation in some of the other costs, such as labor, energy, papermaking chemicals, transportation, and other overheads of production.

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Conmark Systems Inc. and Radix Company formed a global strategic partnership in January 2022. Together, the companies aim at strengthening global manufacturing solutions through revolutionary, elegantly integrated technology and services for the pulp and paper industry and other process segments. An integrated ESG solution for the pulp and paper industry is supposed to be the first attempt of this collaboration. Such a system will integrate sheer that allows mills to measure fiber loss and all modelling and reporting.

Recently, BASF SE has said that it will merge its paper chemicals and water businesses with Solenis. This company is the world's largest chemical-making company based in Germany. BASF holds 49% of its shares, while Solenis holds 51% of its shares. The objectives of this merger were to increase its production capacity, to increase sales and services, and provide many consumers with a number of items.

Speciality pulp and paper chemicals market is expected to grow at a high rate in the forthcoming years, especially driven by growing demand for sustainable paper products, rapid technological developments, and emerging demand in innovative packaging solutions. Leading players in the speciality pulp and paper chemicals market will continue to drive innovation and sustainability to address growing industry demands.

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