Specialty Pulp & Paper Chemicals Market

Specialty Pulp & Paper Chemicals Market Highlights

The global specialty pulp & paper chemicals market is expected to cross a value of USD 30.2 billion by the end of 2032. The market was valued at USD 23.2 billion in 2023 and is expected to expand at a CAGR of 3.5% between 2024-2032.

• Over the mid-term, the rise in need for high-quality paper products is the primary factor anticipated to drive the global specialty pulp & paper chemicals market.
• The rapid shift towards the adoption of digital platforms is a major factor to challenge the market growth.
• The North America specialty pulp & paper chemicals market is projected to dominate the global market.

Specialty Pulp & Paper Chemicals Market Outlook

Specialty pulp and paper chemicals are a group of chemicals that are specifically designed and formulated for use in the pulp and paper industry. These chemicals play crucial roles in various stages of the paper manufacturing process, from the processing of raw materials to the final production of paper products.

According to our experts at KD Market Insights, the rise in need for high-quality paper products is one of the primary factors expected to drive the growth of the specialty pulp & paper chemicals market. As per our analysis the revenue generated from specialty paper globally is expected to cross USD 27 billion by 2032. Ashland Inc., Arkema, and BASF SE are some of the significant parties in the global market for specialty pulp & paper chemicals.

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Specialty Pulp & Paper Chemicals Market Drivers – Analyst’s Observation

According to the analysts at KD Market Insights, some key growth drivers for the global specialty pulp & paper chemicals market are:

• Growing Applications of Paper in Packaging Industry: The packaging industry is one of the major industries where paper is consumed at large scale. Different forms of paper, such as corrugated packaging paper, and flexible packaging paper are used in the packaging industry to manufacture packaging items, such as paper bags. The increasing demand for different types of paper in the packaging industry is therefore expected to raise the demand for specialty pulp & paper chemicals. As per our analysts, the sales of packaging products worldwide is expected to touch near to USD 1.5 trillion by 2032.
• Rise in Focus on Recycling of Paper: Paper is one of the most recycled products globally Backed by the rise in awareness for environmental conservation, the focus on recycling paper is also on the rise. This, as a result, is raising the need for specialty chemicals that are used in the deinking process and other aspects of recycling paper. Such a factor is therefore anticipated to drive the demand for specialty pulp & paper chemicals.

Which Probable Factors Could Hamper the Growing Specialty Pulp & Paper Chemicals Market Trend?

As per our KD Market Insights analysis, some of the challenges expected to limit the global market growth of specialty pulp & paper chemicals are:

• Rapid Shift Towards the Adoption of Digital Platforms: The rapid shift of individuals worldwide towards digital platforms and electronic communication has resulted in a decline in the consumption of traditional papers. This shift is therefore expected to impact negatively on the overall demand for specialty chemicals.
• Stringent Environmental Regulations: Certain chemicals used in the paper & pulp industry are known to have ecological impact, and hence pose multiple threats on the environment. Such a factor is therefore predicted to hinder the market growth in the coming years.

How is the Global Specialty Pulp & Paper Chemicals Market Segmented?

Our experts at KD Market Insights have segmented the global specialty pulp & paper chemicals market as:

What are the Probable Factors Influencing the North America Specialty Pulp & Paper Chemicals Market Forecast?

The North America specialty pulp & paper chemicals market is majorly driven by the rapid focus on eco-friendly paper production processes, and the ongoing technological innovations in paper manufacturing processes. Besides this, the United States is known to be the largest paper producing countries among all the other countries worldwide, consuming more than 70 million metric tons worth of paper and paperboard as of 2023. Moreover, the revenue generated by the United States pulp and paper industry in the year 2023 was near to USD 62 billion.

As per our analysts at KD Market Insights, the following five players lead the North America specialty pulp & paper chemicals market growth:

• BASF SE
• Dow Inc.
• Nouryon (formerly AkzoNobel Specialty Chemicals)
• Kemira Oyj
• Buckman Laboratories International, Inc.

Which Key Players Top the Global Specialty Pulp & Paper Chemicals Market Share?

As per our analysts at KD Market Insights, the competitive landscape of global specialty pulp & paper chemicals market facilitates our readers in identifying their closest competitors. The manufacturers who are associated with specialty pulp & paper chemicals market are raising their focus on expanding their presence, as well as their market share. The market has also been witnessing an upward movement in the number of collaborations between research institutions and key players, aimed at introducing advanced technologies and innovation of new products. Here is a list of the key players who top the global specialty pulp & paper chemicals market share:

• Ashland Inc.
• Arkema
• BASF SE
• Buckman
• Cargill Incorporated
• Clariant
• DowDuPont
• Ecolab
• ERCO Worldwide
• FMC Corporation
• GE Corporation
• Georgia-Pacific
• Kemira
• Nouryon
• Solvay
• Sonoco Products Company
• Stora Enso

What are the Recent Developments Observed in the Specialty Pulp & Paper Chemicals Market?

Over the years, the experts at KD Market Insights have been observing the recent developments associated with global specialty pulp & paper chemicals market trends. Our expert’s market forecast analysis has recorded the market players adopting plentiful of key strategies including new product launches, mergers & acquisitions, and collaborations.

For instance, Solenis LLC stated that it has completed the acquisition of the paper process chemicals business of Kolb Distribution Ltd. This merger is aimed at expanding the offerings of Solenis by providing cost-effective solutions for its pulp and paper customers in the EMEA region.

Further, Valmet Corporation announced that it would deliver key technologies, automation and services to Naini Papers for helping them expand their new specialty paper machine PM3 at their mill in Kashipur, India.