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Specialty Pulp and Paper Chemicals Market size was $20.2 billion in 2015 and is forecast to witness a CAGR of 4.9% through the projected period. Growing demand for one-sided specialty (coated) papers is likely to be the major driver for the market growth.
One-sided specialty (coated) papers, manufactured from specialty chemicals such as functional and process chemicals, find product in labeling, release liners, envelopes, laminating, gift wrapping, posters, and thermal transfers among several others. In terms of volume, global specialty pulp and paper chemicals market share for one-sided specialty (coated) papers was more than 4,000 kilo tons in 2015 and is expected to cross 5,000 kilo tons in the next three years.
More than one-third of the global consumption of these specialty papers was for labels which are finding increasing usage in industries as well as stationery purposes. These papers also have a huge demand for flexible packaging in the packaging industry.
Report Attribute | Details |
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Base Year: | 2015 |
Specialty Pulp and Paper Chemicals Market Size in 2015: | 20.2 Billion (USD) |
Forecast Period: | 2016 to 2024 |
Forecast Period 2016 to 2024 CAGR: | 4.9% |
2024 Value Projection: | 31 Billion (USD) |
Historical Data for: | 2013 to 2015 |
No. of Pages: | 115 |
Tables, Charts & Figures: | 98 |
Segments covered: | Product and Region |
Growth Drivers: |
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Pitfalls & Challenges: |
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The use of these chemicals such as defoamers, retention aids, flocculant polymers, and others in cleaning waste water before disposal and reducing the biological oxygen demand, by helping in recycling of fibers coagulated in primary clarification stages, is also expected to promote its global use, and enhance its market demand. Hence, the improved process efficiency due to its use is also anticipated to drive the global Specialty Pulp and Paper Chemicals market in the forecast timespan.
However, environmental impact due to paper and pulp industry owing to the large amount of water, chemical and energy used for the manufacturing process would act as a restraint in the global specialty pulp and paper chemicals market. Production of greenhouse gases like methane from waste papers is a major concern for the EPA. FDA regulations about the usage of bisphenol A in the production of thermal papers due to its effect on human endocrine system is also expected to hinder the market growth in the forecast period.