Report Forecast:
The specialty pulp and paper chemicals market is likely to grow at a healthy CAGR of 5% during the forecast period. Rising demand for one-sided specialty papers is likely to drive the market growth during the forecast period. One-sided specialty (coated) papers made from specialty chemicals such as functional and process chemicals are used in a wide range of applications such as labelling, release liners, envelopes, laminating, gift wrapping, posters, and thermal transfers. The use of these chemicals as defoamers, retention aids, flocculant polymers, and others, in cleaning wastewater before disposal is expected to underpin the growth of the market in the coming years.
COVID-19 IMPACT on the Market-
The COVID-19 pandemic has influenced almost all the industries, little or large, dealing in any sector.
The growth curves of Specialty Pulp and Paper Chemicals market have witnessed enormous ebb and flows in the year 2020. The market scenario and the pace of growth have taken a huge turn and have prompted numerous adjustments in the cycles. 2021 is probably going to be superior to 2020 for the Specialty Pulp and Paper Chemicals market players as the greater part of the organizations have continued their activities and the interest is getting re-established for them.
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Specialty Pulp and Paper Chemicals Market Segmentation:
The report segments based upon demographics, geographics, benefits and volume etc, has different leading factors and identifies the most-attractive segments and sub-segments. The market segmentation will not only help marketers to be more efficient in terms of time, money and other resources but also allows companies to learn about their target audience so that they can tailor campaigns that leads a roadmap to success.
The Specialty Pulp and Paper Chemicals market is segmented into the following categories.
Product Type
The market is segmented as bleaching chemicals, process chemicals, functional chemicals, and basic chemicals. Functional chemicals are estimated to be the largest as well as the fastest-growing segment of the market during the forecast period. Functional chemicals include dyes, coating chemicals, and pigments. The segment's growth is driven by the increasing demand for value-added paper, which has resulted in the highest consumption of functional chemicals. Bleaching chemicals, on the other hand, are expected to witness significant growth in the market during the forecast period. The growth of the segment is likely to be driven by the growing demand for recycled papers due to increasing awareness regarding environmental conservation among consumers.
Regional Trends
Asia-Pacific is expected to be the dominant as well as the fastest-growing region in the market during the forecast period. Rising demand for packaging materials owing to the continuous growth in the retail markets of India and China is expected to maintain the regional market’s dominance in the coming years. Also, North America and Europe are expected to provide significant growth opportunities in the market over the forecast period.
The Cornerstones in the market-
Listed below are the top key players that dominate the Specialty Pulp and Paper Chemicals market –
- AkzoNobel N.V.
- Ashland Global Specialty Chemicals Inc.
- BASF SE
- Buckman Laboratories International, Inc.
- The Dow Chemical Company
- Evonik Industries AG.
- Kemira Oyj
- Nalco Holding Company
- Shell Chemicals
- SNF Floerger
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