Paper Chemicals Market Overview
The key trend observed in the global paper chemicals market is the introduction of high-performance and lightweight grades of paper in the food & beverages and consumer goods industries. This helps companies reduce transportation costs, improve efficiency, and ensure quality compliance. Furthermore, the growing demand for paper products, such as cups, wraps, and baggage, from the food industry and in the printing sector for magazines and newspapers, drives the demand for paper, which, in turn, boosts the market growth across the globe.
The paper chemicals market is bifurcated into specialty chemicals and commodity chemicals, on the basis of form. Between the two, the specialty chemicals category is projected to dominate the market throughout forecast period (2021–2030). The usage of specialty chemicals reduces the consumption of water and energy, increases the use of waste paper, and saves raw materials by decreasing the paper weight without sacrificing the functional and optical properties of the paper sheet.
The paper chemicals market is categorized into bleaching chemicals, pulping chemicals, and functional chemicals, on the basis of type. Amongst these, the functional chemicals category is expected to hold the largest market share in foreseen years. This can be ascribed to the fact that these chemicals, during paper manufacturing, improve its functional characteristics, such as color, printability, water absorbency, and strength.
The paper chemicals market is classified into packaging & board, printing and writing, hygiene, and others, based on application. Among these, the packaging & board category is expected to account for significant demand for paper chemicals in coming years. This can be majorly attributed to the rising demand for paper packaging, such as wrapping paper, milk carton, and other products, including tissue paper, paper plates, cups, and bags, which are widely used in the food packaging industry.
Globally, the Asia-Pacific (APAC) paper chemicals market holds the largest share and is expected to maintain this trend in coming years, as well. This is attributed to the fact that China is one of the largest suppliers of pulp and fiber treatment chemicals, which include blurring and extraction specialties and deinking agents, and uses the highest amount of deinking agents and bleaching specialties, in the world. On the other hand, the North American market is expected to record moderate growth during the forecast period, due to stricter regulations regarding the production of paper, imposed by environmental organizations.
Paper Chemicals Market Dynamics
Drivers
Rising consumer consciousness toward sustainable packaging and strict regulations imposed by various environmental protection agencies are major factors responsible for driving the requirement of paper packaging, which, in turn, driving the demand for paper chemicals. The paper packaging is versatile and cost-efficient method to protect, preserve, and transport a wide range of products. In addition, it is completely customizable to meet customers’ specific needs. These attributes of paper packaging are solely responsible for boosting the paper chemicals market, as these chemicals provide the basic functionality and characteristics to the paper.
Restraints
Global digitalization is posing a serious threat to the print media and paper industries. With the increasing popularity of digital world, the industry has seen a shift toward non-paper mode, which is cost effective and easily accessible to global population. The growing digital industry is responsible for hindering the paper market, which, in turn, restrains the demand for paper chemicals.
Paper Chemicals Market Competitive Landscape
Some of the companies operating in the global paper chemicals market include Kemira Oyj, BASF SE, Ecolab Inc., Buckman, and Harima Chemicals Group Inc.
The study provides the historical as well the forecast size for the paper chemicals market.
Paper Chemicals Market Size Breakdown by Segments
The global paper chemicals market report offers comprehensive market segmentation analysis along with market estimation for the period 2014–2030.
Segmentation by Form
- Specialty Chemicals
- Commodity Chemicals
Segmentation by Type
- Bleaching Chemicals
- Sodium Dithionite
- Ozone
- Chlorine Dioxide
- Hydrogen Peroxide
- Pulping Chemicals
- Caustic Soda
- Sodium Sulfide
- Sulfurous Acid
- Anthraquinone
- Functional Chemicals
- Dry Strength Additives
- Wet Strength Additives
- Sizing Agents
- Coating Binders
Segmentation by Application
- Packaging & Board
- Printing and Writing
- Hygiene
Geographical Analysis
- North America
- Europe
- U.K.
- France
- Germany
- Russia
- Italy
- Spain
- Asia-Pacific (APAC)
- Japan
- China
- India
- South Korea
- Latin America (LATAM)
- Middle East and Africa (MEA)
- Saudi Arabia
- South Africa
- U.A.E.
