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The collaborated company will be operating under the Solenis brand and will provide expanded offerings and cost-effective solutions for customers in paper technologies and industrial water technologies. Paper Dry Strength Agent is also known as Paper Dry additives is a chemical used in papermaking mills to increase the strength of paper. By increasing the internal bond formation of paper, this chemical improves its bust strength, tear strength, wax pick values, folding endurance, and stiffness.Over the past few years, the substance - dry strength agent has been experiencing a remarkable demand owing to the growing paper making businesses. Resultantly, the Global Paper Dry Strength Agent Market is growing pervasively, garnering huge prominence. According to Market Research Future (MRFR), the global market for Paper Dry Strength Agent is growing steadily and expected to gain further prominence over the forecast period. MRFR also mentions that the market is forecasted to register approximately 3.50 % CAGR between 2016 and 2023.
The paper packaging industry is the key driving force, accounting for the market growth. Recently, in most of the major states of India, plastic ban programme is initiated, restricting the usages of low-density plastic items and polythene products below 50 microns. As a result, many plastic goods are replaced with the paper. With this initiative, India is witnessing a paper replacement for every small and big item even a platic straw.
Such an initiative is expected to proliferate worldwide sooner than later, which presages the increasing usages and demand for the paper. Needless to say that the Global Paper Dry Strength Agent Market is about to witness galore accruals in less than five years of time span. Additional factors that commutatively substantiate the market growth include increasing paper demand from developing economies, Increased recycled paper, and filler content.
Simultaneously, the business of paper recycling is growing too, driving the demand for paper additives and chemicals used in paper manufacturing. In the midst of various opportunities supporting the growth of the paper dry strength agent market, factors such as price volatility of feedstock used in the manufacturing of this chemical are barricading the market growth. Also, fluctuating prices of the products and rising energy and power cost that increases the total cost of the product are some of the major factors affecting the market growth.
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Paper Dry Strength Agent Market - Segmentation
The report is segmented into two key dynamics for an easy grasp and enhanced understanding.
By Types: Comprises Natural Dry Agents (Starch and Guar Gum among other) and Synthetic Dry Agents (polyvinyl amine, polyacrylamide (PAM), poly amino amide eipchlorohydrin (PAE), glyoxylated polyacrylamide (GPAM) and amphoteric polymer among others)
By Regions: North America, Europe, APAC and Rest-of-the-World (RoW).
Paper Dry Strength Agent Market - Regional Analysis
North America is the largest market for Paper Dry Strength Agent, globally. The region is expected to register a phenomenal CAGR over the review period owing to the augmenting demand for the product from the vigorously expanding paper and pulp industry in the region. Also, the extensive consumption of paper in the region, the strong presence of major key players growing industries and the rising investment to revitalize the paper industry will foster the market growth hugely over the forecast period.
The second-largest market, Europe is growing attributing to the increasing consumption of Paper Dry Strength Agent in the growing paper business in this region. Some of the European countries such as Spain, Russia, the UK, Italy, and Germany are expected to be the prominent consumer markets due to the well-developed end-use industry and rising expenditure on innovation and research in the field.
On the other hand, the Asia Pacific Paper Dry Strength Agent Market is emerging as one of the promising markets, expanding rapidly. The APAC market enjoys a spurting demand for the product due to the growing businesses of printing, writing paper and tissue (paper napkins) in China, India and Japan backed by the ever-increasing population. Furthermore, improving economy, availability of low-cost raw material, land and moderately regulatory framework are some other prominent factors driving the market growth in the region.
Paper Dry Strength Agent Market - Competitive Analysis
The Global Paper Dry Strength Agent Market appears to be highly competitive and diversified with the presence of many well-established players having the regional and global presence. Innovation, mergers & acquisitions, and brand reinforcement remain the key trends for leading players in the market.
Manufacturers strive to deliver the best quality, consistent pure, and reliable, high-quality products based on innovative technologies. They develop a proprietary portfolio of discrete high-quality products available in a packaging ranging from small bottles to drum quantities. They also strive to develop the ability to customize products with the requested specifications such as customized/bulk packaging and individual requirements.
Industry/ Innovation /Related News:
May 02, 2018 – BASF Paper and Water Chemicals (US), a global chemical giant and Solenis (US) a leading global producer of specialty chemicals announced their collaboration by signing an agreement to combine their paper and water chemicals business to create a customer-focused global specialty chemical company jointly.
BASF offers a comprehensive and customer-centric range of chemicals for the paper and water industry comprising dry strength agents, fixing agents, among others while Solenis' expertise water technology is used in the pulp and paper industry among others. The companies are joining their expertise and forces.
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