The specialty pulp and paper chemicals market was worth more than USD xx billion in revenue in 2018 and is expected to cross USD xx billion in 2023, growing at a healthy CAGR of over xx% during the forecast period.
Specialty pulp and paper chemicals are specialty chemicals used in processing of pulp and manufacture of paper. These chemicals help reduce the consumption of water and energy, increase the use of wastepaper. Specialty pulp and paper chemicals are segmented based on their functionality. Some of the common specialty pulp and paper chemicals include bleaching and pulping specialties and deinking agents among others.
As a major chemicals used in pulp and paper processing and manufacturing the demand from pulp and paper industry is expected to increase the growth of specialty pulp and paper chemicals market. Demand from pulp and paper industry is actually increasing because of growing population and extra income in developing countries.
Drivers and Restraints of Specialty Pulp And Paper Chemicals Market
Growing investments in electronic industry in regions like Asia and the Americas are likely to offer tremendous possibilities for specialty pulp and paper chemicals market in the future. As a result of accessibility to raw material, multinational businesses are investing in resource-rich regions to be able to limit the overall production cost.
Specialty pulp and paper chemicals market have been exposed to the probability of volatility in supply and prices. Environmental concerns on degradability of certain specialty pulp and paper chemicals are a growing trend in the market. Existing and future environmental and health regulations concerning the use of certain specialty pulp and paper chemicals are likely to challenge the market growth.
Specialty Pulp And Paper Chemicals Market by Region
Asia was the largest consumer of specialty pulp and paper chemicals and this pattern is anticipated to continue to be identical over the following few years. Consumption in China is showing upward trend because of increase in economic activity. Growing demand for pulp and paper processing will drive specialty pulp and paper chemicals market in the region. Demand from the Americas was relatively stable and is likely to have a stable growth in the next few years. Consumption of specialty pulp and paper chemicals in the Europe region is likely to grow at a significant rate.
Top players in this market include AkzoNobel N.V., Ashland Global Holdings Inc., BASF SE, Buckman Laboratories International, Inc., Evonik Industries AG, Kemira OYJ, Ecolab Inc. (Nalco Holding Company), Shell Chemicals, SNF Group, DowDupont among others.
The report covers exhaustive analysis on:
- Global Market Segments
- Global Market Size
- Supply & Demand
- Global Market Competitive Landscape
- Production Technology
- Global Market Value Chain
Regional analysis includes:
- Middle-East and Africa
- In depth summary of parent market
- Altering market characteristics in the industry
- Detailed market segmentation
- Historical and forecast market size in terms of volume and value
- Current industry developments
- Competitive landscape
- Strategies of key players and products available
- Potential and niche segments, regions showing promising growth