Albany, NY -- (SBWire) -- 01/25/2019 --According to a new report published by Transparency Market Research "Specialty Pulp and Paper Chemicals (Basic, Functional, Bleaching and Process Chemicals) Market - Global Industry Analysis, Size, Share, Growth, Trends and Forecast 2013 - 2019," the specialty pulp and paper chemicals market was valued at USD 17.94 billion in 2012 and is expected to reach USD 24.18 billion by 2019, growing at a CAGR of 4.4% from 2013 to 2019.

Browse the full report at http://www.transparencymarketresearch.com/pulp-paper-chemicals.html

Specialty pulp and paper chemicals are used in variety of functions such as deinking, bleaching and coating during the manufacturing of specialty papers. Specialty paper is a niche segment and 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. 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 USD 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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Some of the key participants profiled in the report include AkzoNobel, Ashland Hercules, BASF SE, Bayer, Dow and ONDEO Nalco among others. The report gives a comprehensive view of the specialty pulp and paper chemicals market in terms of revenue. In addition, the report includes current demand analysis and forecast for each product in North America, Europe, Asia Pacific and Rest of the World.