Specialty Pulp and Paper Chemicals Market is Estimated to Grow at USD 26.23 billion by 2018 – 2025: Radiant Insights, Inc

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On account of its toxic nature, demand for basic chemicals is likely to witness restricted growth over the forecast period.

The global specialty pulp & paper chemicals market size is expected to reach USD 26.23 billion by 2025 at a revenue-based CAGR of 3.0% during the forecast period, according to a new report by Grand View Research, Inc. Rising importance of functional chemicals, which provide excellent optical properties and improve printability, is one of the many factors driving industry growth.

The specialty pulp & paper chemicals market is projected to exhibit steady growth as a result of rising global demand for tissues and packaging grades. Herein, rapid growth of e-commerce is augmenting consumption of packaging grades and packing materials. Moreover, increasing concern over food safety in the food and beverages sector has propelled the need for high-quality food service board and liquid packaging board.

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Demand for specialty papers and chemicals is expected to witness high growth owing to rising demand for sterilizing paper in medical applications. Sterile bags produced from these papers provide optimal and clean surface for rotogravure and flexo printing.

Basic chemicals, including caustic soda, sodium carbonate, and mineral acids, are used as a catalyst or for chelating in the specialty pulp and paper industry. On account of its toxic nature, demand for basic chemicals is likely to witness restricted growth over the forecast period. Moreover, environmental concerns are expected to increase with growing number of regulatory compliances in various countries such as U.S., Germany, France, and U.K.

Specialty pulp and paper chemicals are used in printing applications such as freestanding inserts, advertisements, catalogs, and magazines. Some of the many advantages of specialty paper in printing are increased printability, runnability, permanence, durability, superior opacity, excellent surface and strength characteristics, acid-free and alkaline papers, and high brightness.

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Further key findings from the report suggest:

• By product, the bleaching chemicals segment is expected to register a market volume of 8,556.8 kilo tons by 2025, at a CAGR of 2.0% from 2017 to 2025

• In terms of revenue, the functional chemicals segment is expected to exhibit the highest CAGR of 3.2% over the forecast period

• The packaging application dominated the global specialty pulp & paper chemical market with a global revenue share of 40.6% in 2017

• North America is likely to exhibit a significant volume-based CAGR of 2.1% over the forecast years, owing to a large market for eco-friendly and 100% recyclable products in U.S.

• Countries in Asia Pacific, especially India, Indonesia, and China, are expected to observe notable growth over the forecast years

• The global industry is characterized by product accreditation, capacity expansion, capital expansion, and investment decisions of manufacturers to improve market share

• Some of the prominent companies in the industry are Royal Dutch Shell Plc.; SNF Floerger; Evonik Industries AG; Solvay S.A.; ERCO Worldwide; Kemindo International; BASF SE; The Dow Chemical Company; Nalco Holding Company; Ashland, Inc.; Buckman Laboratories International, Inc.; and Donaldson Company, Inc.

About Radiant Insights, Inc

Radiant Insights is a market research and consulting company offering syndicated research studies, customized reports, and consulting services. Our market research studies are designed to facilitate strategic decision making, on the basis of extensive and in-depth quantitative information, supported by extensive analysis and industry insights. Using a patented and robust research methodology, we publish exhaustive research reports covering a host of industries such as Technology, Chemicals, Materials, and Energy. Radiant Insights has a strong base of analysts, consultants and domain experts, with global experience helping us deliver excellence in all research projects we undertake.

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