LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global specialty pulp and paper chemicals market is projected to grow to USD 25.98 billion by 2021, at a CAGR of more than 4% over the forecast period.
This research report titled ‘Global Specialty Pulp and Paper Chemicals Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
Specialty pulp and paper chemicals are chemicals especially used as raw materials in the manufacture of specialty paper. The growth in the global specialty pulp and paper chemicals market can be attributed to the growing demand for pigments, dyes, and coated paper among consumers for decorative applications.
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Based on application, the report categorizes the global specialty pulp and paper chemicals market into the following segments:
- Writing and printing application
- Packaging application
- Labeling application
- Building and construction application
- Other applications
The top three revenue-generating application segments in the global specialty pulp and paper chemicals market are discussed below:
Writing and printing application
“The writing and printing application is the largest segment of the global specialty pulp and paper chemicals market, and is projected to grow at a CAGR of over 4% through the forecast period,” says Mahitha Mallishetty, a lead analyst at Technavio for specialty chemicals research.
The rising needs for these chemicals for the manufacture of newspapers, books, magazines, stationeries, and commercial purposes, including catalogs printing and office reprographics are the factors responsible for its dominance. The market is expected to grow because of the high demand of dyes and pigments in developing countries where the use of specialty chemicals is more.
Packaging application
The manufacture of packaging papers requires specialty pulp and paper chemicals such as dyes, quenching agents, and cross-linkers among others. The swift evolution of e-commerce is resulting in the growth of the packaging paper industry and has made it more useful for the global market. The most commonly used types of paper packaging include paperboard cartons, paper bags, and corrugated boxes and sacks. The rising applications of these products will drive the demand for specialty pulp and paper chemicals market.
Labeling application
“The labeling application segment of the global specialty pulp and paper chemicals market is expected to grow quickly at a CAGR of close to 5% over the forecast period. Specialty chemicals such as silicone are used for manufacturing paper for labeling purpose,” says Mahitha.
Labeling is used to inscribe picture and content on paper or any material to provide detail information regarding a product. Silicone release coatings to give label and tape makers a substrate for processing and application options. The market in Europe is expected to have a relatively higher demand for these chemicals over the forecast period.
The top vendors highlighted by Technavio’s research analysts in this report are:
- Ashland
- BASF
- Kemira
- Novozymes
- The Dow Chemical Company
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Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
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