Pune, India, Dec 2022, /MRFR Press Release/- Market Research Future Published a Cooked Research Report on Global Paper Dry Strength Agent Market Market Research Future (MRFR) Announces the Publication of its Research Report – Global Paper Dry Strength Agent Market 2022-2030
Market Research Future (MRFR) has published a cooked research report on the “Global Paper Dry Strength Agents Market” that contains the information from 2018 to 2030. The paper dry strength agents market is expected to register a CAGR of 4.14% during the forecast period of 2022 to 2030.
MRFR recognizes the following companies as the key players in the global paper dry strength agents market— BASF SE (Germany), Kemira OYJ (Finland), Applied Chemicals International Group (Switzerland), Solenis (US), Harima Chemicals Group, Inc. (Japan), SEIKO PMC CORPORATION (Japan), Arakawa Chemical Industries, Ltd (Japan), Cheng Ming Chemical (Thailand) Co., Ltd. (Thailand).
Market Highlights
The global paper dry strength agents market is expected to register a CAGR of 4.14% during the forecast period and is expected to hit USD 1152.97 million by 2030.
Papermaking dry strength agents, also known as paper dry additives, are widely used both to enhance paper and paperboard strength, such as bursting, compressing, tensile, and internal bond strength, etc., and to improve drainage and retention of fiber, fines, and filler.
The increased usage of recycled paper and rising paper and pulp demand from developing economies are the key factors fueling the growth of the global paper dry strength agents market. Furthermore, the paper dry strength agents market is expected to expand further in the coming years due to increased product innovation in dry strength agents. However, rising energy and power costs affecting the price of the paper dry strength agents might restrain the market's growth in the forecast period.
Segment Analysis
The global paper dry strength agents market has been segmented based on type, application, and end user.
Based on type, the market has been segmented into polyvinyl amine, polyacrylamide, glyoxalated polyacrylamide, starch-based polymers, amphoteric polymers, and others.
Based on application, the paper dry strength agents market has been divided into printing, kraft paper, containerboard, duplex board, and other.
On the basis of end user, the market is segmented into paper, paperboards, and others.
Regional Analysis
The global paper dry strength agents market, based on region, has been divided into the North America, Europe, Asia-Pacific, the Middle East & Africa and Latin America. The North America market is further divided into two parts: the US and Canada. The Europe dry strength agents market has been segmented into Germany, France, the UK, Italy, Spain, Russia, and the rest of Europe. The dry strength agents market in Asia-Pacific has been segmented into China, India, Japan, South Korea, and the rest of Asia-Pacific. The Latin America is further segmented into Brazil, Mexico, Argentina, and the rest of Latin America. The Middle East and Africa are divided into the Gulf Cooperation Council (GCC), South Africa, and the rest of the Middle East.
North America is expected to dominate the paper dry strength agents market due to the growing adoption of recycle-friendly products. Furthermore, growing sentiment across the region to reduce waste as part of an emphasis on environmentally friendly practices by both businesses and consumers is also boosting the paper dry strength agents market.
Europe accounted for a sizable portion of the global market for paper drying agents. The increasing demand for enhanced quality packaging and rise in the adoption of corrugated boxes, containers, sheets of graphic paper, and other paper-based products are driving the paper dry strength agents market in Europe.
Asia-Pacific is expected to be the fastest-growing market for paper dry strength agents, mainly due to the significant increase in the number of manufacturing facilities across the region, rising urbanization trends, and increasing consumer awareness regarding the usage of sustainable packaging materials. Other factors, such as the rapid expansion of the e-commerce industry in the region, further boost the paper dry strength agents market in the Asia-Pacific region.
The paper dry strength agents market in Latin America is growing due to the growing applications of paper-based products in printing invitations, decoration purposes including flooring, paneling, and furniture surfaces, and e-commerce activities such as packaging, storing, and transportation. Furthermore, rising demand for food packaging in emerging economies, as well as the region's developing retail infrastructure, drive market growth.
The Middle East & Africa paper dry strength agents market is driving due to the factors including increasing awareness regarding the adoption of recyclable product.
Key Findings of the Study
- The global paper dry strength agents market is expected to reach USD 1152.97 million by 2030 at a CAGR of 4.14% during the forecast period.
- The North America region accounted for the largest share of the global market, owing to the growing adoption of recycle-friendly products and growing sentiment across the region to reduce waste as part of an emphasis on environmentally friendly practices by both businesses and consumers.
- Based on type, the Polyacrylamide segment is expected to register the fastest growth at a CAGR of 4.7% during the forecast period.
- Based on application, the printing segment held the largest market and contributed to USD 322.95 million in 2021.
- Based on end user, the paper segment held the largest market and contributed to USD 487.72 million in 2021.
Some of the key players operating in the paper dry strength agents market are BASF SE (Germany), Kemira OYJ (Finland), Applied Chemicals International Group (Switzerland), Solenis (US), Harima Chemicals Group, Inc. (Japan), SEIKO PMC CORPORATION (Japan), Arakawa Chemical Industries, Ltd (Japan), Cheng Ming Chemical (Thailand) Co., Ltd. (Thailand).Read More @ Paper Dry Strength Agent Market Size
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Companies Covered | 15 |
Pages | 136 |
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