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The specialty pulp and paper chemicals market share is expected to increase by USD 8.78 billion from 2021 to 2026, and the market’s growth momentum will accelerate at a CAGR of 6%.
This specialty pulp and paper chemicals market research report provides valuable insights on the post COVID-19 impact on the market, which will help companies evaluate their business approaches. Furthermore, this report extensively covers specialty pulp and paper chemicals market segmentation by type (functional chemicals, bleaching chemicals, process chemicals, and other chemicals) and geography (APAC, North America, Europe, South America, and the Middle East and Africa). The specialty pulp and paper chemicals market report also offers information on several market vendors, including Archroma Management GmbH, Arkema S.A., Ashland Global Holdings Inc., BASF SE, Buckman Laboratories lnternational Inc., Croda International Plc, Ecolab Inc., ERCO Worldwide, Evonik Industries AG, Imerys S.A., INEOS Group Holdings SA, Kemira Oyj, Nouryon Chemicals Holding BV, Novozymes AS, Robert Specialty Paper Corp., Sappi Ltd., Solenis LLC, Solvay SA, SPCM SA, and The Dow Chemical Co. among others.
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The rise in demand for specialty paper is notably driving the specialty pulp and paper chemicals market growth, although factors such as competition among vendors may impede the market growth. Our research analysts have studied the historical data and deduced the key market drivers and the COVID-19 pandemic's impact on the specialty pulp and paper chemicals industry. The holistic analysis of the drivers will help in deducing end goals and refining marketing strategies to gain a competitive edge.
Key Specialty Pulp And Paper Chemicals Market Driver
The rise in demand for specialty paper is one of the major drivers impacting the specialty pulp and paper chemicals market growth. The high demand for specialty paper from countries such as India, China, Brazil, Turkey, Poland, and Russia is a major driver of market growth. On the contrary, the demand is low in countries such as the US and Japan, which are mature markets. The rise in the demand for specialty paper among consumers for decorative use and across industries for use in filtration, labeling, and graphic arts is contributing to market growth. Furthermore, the growing demand for specialty paper products such as cups, wraps, and bags from quick-service restaurants in the food services sector is contributing to the market growth. There is also an increasing application of specialty paper in products such as folding cartons and flexible wraps. This growing demand for various types of specialty papers from the packaging business is expected to foster the demand for specialty pulp and paper chemicals during the forecast period.
Key Specialty Pulp And Paper Chemicals Market Trend
Advances in technology are one of the major trends influencing the specialty pulp and paper chemicals market growth. The pulp and paper chemical industry has witnessed many technological advances, which are expected to promote market growth during the forecast period. One such advancement is the use of enzymes for manufacturing specialty paper. Enzymes play a crucial role in the bleaching and de-inking processes. They reduce the consumption of chlorine bleach and thereby minimize the adverse effect of chlorine on the environment. The use of such enzymes in functions such as the chemical reaction of cellulose is expected to increase in the future. In addition, the increasing use of recycled pulp to reduce energy consumption and technologies that aid optimal processing of recycled pulp, and advances in technologies in kraft pulping and mechanical pulping are the other notable advances witnessed in the market. Such factors will drive the global specialty pulp and paper chemicals market growth during the forecast period.
Key Specialty Pulp And Paper Chemicals Market Challenge
Competition among vendors is one of the major challenges impeding the specialty pulp and paper chemicals market growth. Many vendors such as Kemira, BASF, and Novozymes are present in the global specialty pulp and paper chemicals market. Many other vendors have found cost-efficient ways to manufacture chemicals and can, therefore, provide them at low prices. The market entry barriers are moderate as the industry is not capital intensive; therefore, many vendors are entering the market. The entry of new vendors is expected to affect the revenue of the currently established market vendors. Therefore, vendors are seeking new ways to differentiate themselves from that their competitors. This increase in vendor competition is hampering the expansion of the global specialty pulp and paper chemicals market, thereby posing a challenge to the market growth during the forecast period.
This specialty pulp and paper chemicals market analysis report also provides detailed information on other upcoming trends and challenges that will have a far-reaching effect on the market growth. The actionable insights on the trends and challenges will help companies evaluate and develop growth strategies for 2022-2026.
Technavio categorizes the global specialty pulp and paper chemicals market as a part of the global specialty chemicals market. Our research report has extensively covered external factors influencing the parent market growth potential in the coming years, which will determine the levels of growth of the specialty pulp and paper chemicals market during the forecast period.
The report analyzes the market’s competitive landscape and offers information on several market vendors, including:
This statistical study of the specialty pulp and paper chemicals market encompasses successful business strategies deployed by the key vendors. The specialty pulp and paper chemicals market is fragmented and the vendors are deploying organic and inorganic growth strategies to compete in the market.
To make the most of the opportunities and recover from post COVID-19 impact, market vendors should focus more on the growth prospects in the fast-growing segments, while maintaining their positions in the slow-growing segments.
The specialty pulp and paper chemicals market forecast report offers in-depth insights into key vendor profiles. The profiles include information on the production, sustainability, and prospects of the leading companies.
Our report provides extensive information on the value chain analysis for the specialty pulp and paper chemicals market, which vendors can leverage to gain a competitive advantage during the forecast period. The end-to-end understanding of the value chain is essential in profit margin optimization and evaluation of business strategies. The data available in our value chain analysis segment can help vendors drive costs and enhance customer services during the forecast period.
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37% of the market’s growth will originate from APAC during the forecast period. China and Japan are the key markets for specialty pulp and paper chemicals in APAC. Market growth in this region will be faster than the growth of the market in other regions.
The rise in demand for specialty paper will facilitate the specialty pulp and paper chemicals market growth in APAC over the forecast period. This market research report entails detailed information on the competitive intelligence, marketing gaps, and regional opportunities in store for vendors, which will assist in creating efficient business plans.
COVID Impact and Recovery Analysis
The outbreak of COVID-19 affected the regional economy in 2020. In APAC, India, China, Indonesia, Bangladesh, and Pakistan were some of the most affected countries by the COVID-19 pandemic, which prompted lockdowns in APAC. This had a significant impact on various end-user applications as manufacturing units of specialty pulp and paper chemicals in the region were temporarily shut down. However, in 2021, due to the availability of COVID-19 vaccines and the large-scale vaccination drives carried out by the governments of countries in APAC, activities in end-user industries such as labeling, printing, and packaging industries gradually became normal.
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The specialty pulp and paper chemicals market share growth by the functional chemicals segment will be significant during the forecast period. The market is expected to grow because of the increase in the demand for functional chemicals such as dyes, pigments, and others for printing and writing purposes during the forecast period.
This report provides an accurate prediction of the contribution of all the segments to the growth of the specialty pulp and paper chemicals market size and actionable market insights on post COVID-19 impact on each segment.
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Specialty Pulp And Paper Chemicals Market Scope |
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Report Coverage |
Details |
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Page number |
120 |
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Base year |
2021 |
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Forecast period |
2022-2026 |
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Growth momentum & CAGR |
Accelerate at a CAGR of 6% |
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Market growth 2022-2026 |
$ 8.78 billion |
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Market structure |
Fragmented |
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YoY growth (%) |
5.29 |
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Regional analysis |
APAC, North America, Europe, South America, and the Middle East and Africa |
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Performing market contribution |
APAC at 37% |
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Key consumer countries |
US, China, Japan, Germany, and Italy |
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Competitive landscape |
Leading companies, Competitive strategies, Consumer engagement scope |
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Key companies profiled |
Archroma Management GmbH, Arkema S.A., Ashland Global Holdings Inc., BASF SE, Buckman Laboratories lnternational Inc., Croda International Plc, Ecolab Inc., ERCO Worldwide, Evonik Industries AG, Imerys S.A., INEOS Group Holdings SA, Kemira Oyj, Nouryon Chemicals Holding BV, Novozymes AS, Robert Specialty Paper Corp., Sappi Ltd., Solenis LLC, Solvay SA, SPCM SA, and The Dow Chemical Co. |
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Market dynamics |
Parent market analysis, Market growth inducers and obstacles, Fast-growing and slow-growing segment analysis, COVID-19 impact and recovery analysis and future consumer dynamics, and Market condition analysis for the forecast period |
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Customization purview |
If our report has not included the data that you are looking for, you can reach out to our analysts and get segments customized. |
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1 Executive Summary
2 Market Landscape
3 Market Sizing
4 Five Forces Analysis
5 Market Segmentation by Type
6 Customer Landscape
7 Geographic Landscape
8 Drivers, Challenges, and Trends
9 Vendor Landscape
10 Vendor Analysis
11 Appendix
Research Framework
Technavio presents a detailed picture of the market by way of study, synthesis, and summation of data from multiple sources. The analysts have presented the various facets of the market with a particular focus on identifying the key industry influencers. The data thus presented is comprehensive, reliable, and the result of extensive research, both primary and secondary.
INFORMATION SOURCES
Primary sources
Secondary sources
DATA ANALYSIS
Data Synthesis
Data Validation
REPORT WRITING
Qualitative
Quantitative
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