Portland, OR, March 27, 2019 (GLOBE NEWSWIRE) -- According to the report published by Allied Market Research, the global Specialty Pulp and Paper Chemical Market accounted for $16.48 billion in 2017 and is projected to reach $22.82 billion, growing at a CAGR of 5.6% from 2017 to 2023.
The report provides an in-depth analysis of the global specialty pulp and paper chemical market, covering aspects such as current market size and share, market classification, market drivers, restraints and opportunities, and competitive landscape. The information in the report is a result of an extensive primary and secondary research.
Growth Drivers and Industry Trends
This report is a complete study of the industry growth drivers, restraints, and opportunities of the market. These factors help identify the various trends which are expected to influence the market growth during the forecast period. Factors such as increasing use of functional chemicals to enhance paper performance, growing use of specialty papers such as tissue papers, diazo papers, laminations, magazines, envelopes, and others, and rise in consumption of recycled paper drive the market. Nonetheless, stringent regulations on specialty chemicals and volatility in the price of raw materials restrict the market growth. On the other hand, use of specialty pulp and paper chemicals for energy conservation and use of next generation enzymes for paper manufacturing offer new opportunities for the growth of the market.
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Segmentation Analysis of the Industry
The specialty pulp and paper chemical market report evaluates each of the segments and its sub-categories in detail. The market is segmented into type and region. Based on type, the market is divided into bleaching & RCF chemical, process chemical, functional chemical, coating chemical, and pigment & filler. The bleaching & RCF chemicals segment generated the highest share of 29.5% and would dominate the market through 2023. Geographically, the market analysis covers North America, Europe, Asia-Pacific, and LAMEA. Asia-Pacific would grow at the fastest CAGR of 7.4% during the forecast period, 2017-2023.
Industry Key Players
The report also includes an analysis of the leading market players who are proactively investing in their development and business expansion to effectively cater to the needs of consumers. They include AkzoNobel N.V., Ashland Inc., Buckman Laboratories International, Inc., BASF SE, Buckman Laboratories International, Inc., Kemira Oyj, SNF Floerger, The Dow Chemical Company, Evonik Industries AG, Nalco Holding Company, and Shell Chemicals.
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Allied Market Research (AMR) is a full-service market research and business -consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of "Market Research Reports" and "Business Intelligence Solutions." AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domain.
We are in professional corporate relations with various companies and this helps us in digging out market data that helps us generate accurate research data tables and confirms utmost accuracy in our market forecasting. Each and every data presented in the reports published by us is extracted through primary interviews with top officials from leading companies of domain concerned. Our secondary data procurement methodology includes deep online and offline research and discussion with knowledgeable professionals and analysts in the industry.