The specialty pulp & paper chemicals market, which was valued at $ 17.94 billion in 2012, is expected to reach $ 24.18 billion by 2019, growing at a CAGR of 4.4% from 2013 to 2019, according to Transparency Market Research’s new report – ‘Specialty pulp and paper chemicals market: Global industry analysis, size, share, growth, trends and forecast 2013 – 2019’.
Specialty pulp & paper chemicals are used in variety of functions such as deinking, bleaching and coating during the manufacturing of specialty paper - a niche segment, which accounted for less than five percent of the overall paper production. However, the increasing demand for specialty papers in a wide range of industries for abrasive backings, paint masking, carpet flooring, medical packaging and art media is expected to drive the demand for the market. In addition, growing global population which in turn drives businesses, consumer sector, industrial sector, food and graphics is expected to contribute to the growth of the market. Nevertheless, increasing environmental concerns regarding certain chemicals used in manufacture of specialty papers is expected to hamper the growth of the specialty chemicals market.
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The report states that development of new chemicals and technologies in the manufacturing of specialty papers coupled with the growing demand for recycled paper is expected to open new opportunities for the growth of the market. Functional chemicals were the largest product segment and accounted for over 50% of the market in 2012. This segment is expected to be the fastest growing on account of increased demand for value added paper such as pigments, dyes and coated paper. Process chemicals were the second fastest growing segment and are expected to grow at a CAGR of over 4% from 2013 to 2019.
North America and Europe dominated the market together accounting for over 80% of global consumption in 2012. However, Asia Pacific is expected to be the fastest growing is estimated to be valued at approximately $ 4 billion by 2019. The primary reason for this is expected to be the growing paper industry in India and China.
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Specialty pulp & paper chemicals are used in the manufacture of specialty paper. Specialty papers are papers which are not used in common printing and publishing shops. They are used for customised jobs and are often used by companies for high value product packaging and filtration media. Specialty chemicals can be divided into four product segments, viz, bleaching chemicals, process chemicals, functional chemicals and basic chemicals. Specialty papers are used in a five key application areas, namely, graphic papers, industrial, business, consumer and food.
Specialty pulp & paper chemicals are used in variety of functions such as deinking, bleaching and coating during the manufacturing of specialty paper - a niche segment, which accounted for less than five percent of the overall paper production. However, the increasing demand for specialty papers in a wide range of industries for abrasive backings, paint masking, carpet flooring, medical packaging and art media is expected to drive the demand for the market. In addition, growing global population which in turn drives businesses, consumer sector, industrial sector, food and graphics is expected to contribute to the growth of the market. Nevertheless, increasing environmental concerns regarding certain chemicals used in manufacture of specialty papers is expected to hamper the growth of the specialty chemicals market.
ALSO READ: Can the chemical end-user industries get back on track?
The report states that development of new chemicals and technologies in the manufacturing of specialty papers coupled with the growing demand for recycled paper is expected to open new opportunities for the growth of the market. Functional chemicals were the largest product segment and accounted for over 50% of the market in 2012. This segment is expected to be the fastest growing on account of increased demand for value added paper such as pigments, dyes and coated paper. Process chemicals were the second fastest growing segment and are expected to grow at a CAGR of over 4% from 2013 to 2019.
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North America and Europe dominated the market together accounting for over 80% of global consumption in 2012. However, Asia Pacific is expected to be the fastest growing is estimated to be valued at approximately $ 4 billion by 2019. The primary reason for this is expected to be the growing paper industry in India and China.
ALSO READ: Asia-Pacific membrane filtration market to reach $ 927 million
Specialty pulp & paper chemicals are used in the manufacture of specialty paper. Specialty papers are papers which are not used in common printing and publishing shops. They are used for customised jobs and are often used by companies for high value product packaging and filtration media. Specialty chemicals can be divided into four product segments, viz, bleaching chemicals, process chemicals, functional chemicals and basic chemicals. Specialty papers are used in a five key application areas, namely, graphic papers, industrial, business, consumer and food.