Global Specialty
Pulp And Paper Chemicals Market is expected to reach USD 25.71
billion by 2020, according to a new study by Grand View Research, Inc. Growing
demand for specialty paper is expected to be a key driver for the market over
the forecast period. Technology innovation, focusing on sustainable processes
to minimize environmental impact is expected to be a critical factor for market
development over the next six years.
Functional chemicals were the largest product
segment with market revenue of USD 10.23 billion in 2013. Surging demand for
pigmented, dyed and coated paper in industrial, consumer and art applications
is expected to drive functional chemical demand over the forecast period.
Bleaching chemicals were the second largest product segment with market revenue
of USD 4.23 billion in 2013.
View
summary of this report @ http://www.grandviewresearch.com/industry-analysis/specialty-pulp-paper-chemicals-market
Further
key findings from the study suggest:
- Functional chemicals are expected to be fastest growing product segment, at an estimated CAGR of 4.7% from 2014 to 2020.
- Process chemicals are expected to follow functional chemicals in terms of growth at an estimated CAGR of 4.3% from 2014 to 2020. Process chemicals are used to expedite and increase the overall efficiency of the process used for specialty paper manufacturing.
- Europe was the largest market for specialty pulp and paper chemicals, accounting for 42.4% of market share in 2013. The market is expected to lose share to North America on account of mature paper market in Europe coupled with growing wood and pulp industry in the U.S. and Canada.
- Asia Pacific is expected to be fastest growing market, at an estimated CAGR of 7.1% from 2014 to 2020 on account of growing retail market in Japan. Indonesia, China, India coupled with expansion of pulp and paper industry in Indonesia, China and South Korea.
- Specialty pulp and paper chemicals market was consolidated, with key companies being BASF, Kemira, AkzoNobel, Ashland Hercules, Dow Chemicals, ONDEO Nalco accounting for 83.0% of market share in 2013.
Browse All Reports of
this category @ http://www.grandviewresearch.com/industry/plastics-polymers-and-resins
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