Published Date : May 31, 2016
The global specialty pulp and paper chemicals market is receiving a great impetus from the packaging industry. According to a report published by Transparency Market Research (TMR), a market intelligent company, the global demand for specialty pulp and paper chemicals was 28,283.8 kilo tons in 2013, in terms of volume. Furthermore, the global specialty pulp and paper chemicals market which stood at US$18.67 bn in 2013, is expected to reach USD 25.41 bn by 2020, expanding at a 4.5% CAGR between 2014 and 2020.
Growing Demand for Tissues, Graphic Papers, and Diazo Papers Boosts Specialty Pulp and Paper Chemicals Market
The global specialty pulp and paper chemicals market is driven by the rising demand for tissues, graphic papers, and diazo papers from the packaging industry. The packaging industry requires specialty papers in varying size and thickness for the packaging of various perishable and non-perishable goods. The progress of the packaging industry is thus expected to impact the global specialty pulp and paper chemicals market positively. Rising demand for specialty papers from medical sectors, offices, and retail stores, is boosting the specialty pulp and paper chemicals market. Rising preference by consumers for the print media such as magazines and newspapers is expected to fuel the specialty pulp and paper chemicals market in the future.
Asia Pacific to Witness Highest Growth in Specialty Pulp and Paper Chemicals Market
Asia Pacific and Europe collectively accounted for over 70% of the global demand for specialty pulp and paper chemicals in 2013. Furthermore, Asia Pacific is expected to witness the highest growth in the market in the future. Another region expected to witness a substantial growth includes South America. South America will experience significant growth in the specialty pulp and paper chemicals market owing to installation of newer plants or facilities. On the other hand, North America and Europe are expected to witness a sluggish growth as many of the manufacturers of pulp and paper chemicals are shifting their industry to Asia Pacific and South America.