Specialty Pulp & Paper Chemicals Market 2024 - By Share, Growth, Demand, Trends, Opportunities And Outlook 2033

The specialty pulp & paper chemicals market size has grown strongly in recent years. It will grow from $22.49 billion in 2023 to $24.26 billion in 2024 at a compound annual growth rate (CAGR) of 7.9%. The growth in the historic period can be attributed to growth in demand for specialty papers, increased demand for packaging materials, rapid growth of e-commerce, increased concern over food safety, efficiency and productivity..

The specialty pulp & paper chemicals market size is expected to see strong growth in the next few years. It will grow to $32.9 billion in 2028 at a compound annual growth rate (CAGR) of 7.9%. The growth in the forecast period can be attributed to sustainability and circular economy, emerging applications and market diversification, growing demand for customized solutions, consumer education and market awareness, increasing need for high-quality paper products.. Major trends in the forecast period include nanotechnology in papermaking, inkjet and digital printing paper, recycled fiber optimization, functional paper applications, digitalization and industry 4.0 integration..

Market Overview -
The specialty pulp and paper chemicals are chemicals used for the production of chemical pulp and to enhance the quality and performance of paper. They are used as raw materials in the paper production process.

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Growing Demand For Recycled Paper Drives Growth In The Specialty Pulp And Paper Chemicals Market
The rise in consumption of recycled paper is expected to propel the growth of the specialty pulp and paper chemicals market going forward. Recycled paper refers to a paper that is reconstituted into paper again. Specialty pulp and paper chemicals help paper production by giving a white appearance to paper and removing lignin. For instance, according to American Forest and Paper Association, a US-based go-to source on issues and up-to-date information about the industry, recovered paper consumption at U.S. paper and paperboard mills increased by 3.9% in 2021. Therefore, the rise in consumption of recycled paper is driving the specialty pulp and paper chemicals market.

Competitive Landscape -
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

Investments In The Specialty Pulp And Paper Chemicals Market Bolster Industry Growth
Investments in the paper industry are a key trend gaining popularity in the specialty pulp and paper chemicals market. Major companies are investing in specialty pulp and paper chemicals companies to strengthen their position in the market. For instance, in March 2021, Nine Dragons Paper Holdings Ltd., a China-based paper manufacturing company operating in the specialty pulp and paper chemicals market invested RM 5.4 billion ($1.2 billion) in Malaysia to buy and expand two pulp and paper mills in Pahang and Selangor.

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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

Key highlights covered in the report -
1. Detailed market size forecast and historical data analysis
2. Key drivers influencing market growth
3. Identification of upcoming trends and potential opportunities in the market
4. Analysis of major players strategies, to understand competitive dynamics and market positioning
5. Evaluation of regional dynamics

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