As per the report furnished by Market Research Future (MRFR), the global paper dry strength agent market value will increase from USD 69,722.5 million in 2015 to the value of USD 90,548.7 million by 2023. The market will rise to much higher levels at a CAGR of 3.50% during the forecast period (2016-2023).
Growth Factors and Challenges
Paper dry strength agent generally finds application as additives in paper manufacturing, providing strength to paper and also tear and bust strength. Dry strength agent helps elevate the internal bond formation, wax pick values, folding endurance and stiffness. Such agents are generally available in two forms, which include natural dry agents and synthetic dry agents. Natural dry agents are sub-segmented into starch and Guar Gum. On the other hand, synthetic dry agents are further segmented into polyacrylamide (PAM), polyvinylamine, glyoxylated polyacrylamide (GPAM), poly aminoamide eipchlorohydrin (PAE), and amphoteric polymer.
Seiko Pmc Corporation, Harima Chemicals Group Inc., Kemira, Solenis, Applied Chemicals International Group, BASF SE, Richards Chemicals & Electricals Pvt. Ltd., are some of the well-established companies in the global paper dry strength agent market.
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The global paper dry strength agent market is gearing up for more success in the next few years, with the increasing paper demand from developing nations around the world. In addition, the development of the China’s pulp and paper industry is attracting increasing interest among policy makers, scholars, and international producers. China paper and paperboard production has been ranked second in the world, whereas India is the highest consumer of paper owing to growth in literary, increasing consciousness for personal hygiene as well as changing lifestyle. Thus, the growth of the paper dry strength agent market will be high in developing economies, backed by the shift from plastic to paper in packaging industries. The downside is the fluctuation in power cost that strives to restrict the market growth in the coming years.
Additionally, increasing recycled paper and filler content elevates the demand for chemicals. At present, the recycling rate has accelerated to 65% in the United States (U.S). However, the recycling of paper is considered waste management in Europe. The recycling of paper in Europe is climbing steadily with time. Increasing production and innovation in dry strength agents will provide lucrative opportunities to players, positively impacting the market growth.
The market for paper dry strength agent is segmented on the basis of type, which is further segmented into polyvinyl amine, polyacrylamide, glyoxylted polyacrylamide, starch-based polymers, amphoteric polymers and others. Among all the types, polyvinylamine rules the market with a 28% share, followed by Glyoxylted polyacrylamide and Polyacrlamide.
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By region, the paper dry strength agent market is spread across Europe, North America, Asia Pacific (APAC), Latin America, as well as the Middle East & Africa. Among these, North America governs the global market with 32% share, followed by Europe and Asia Pacific. Asia Pacific is predicted to grow at the fastest growth rate, close to 3.55% CAGR during the forecast period (2016-2023).
At a global level, North America is ruling the market with the largest market for paper dry strength agent. As per the U.S environment protection agency, printing as well as writing papers generally used in school and office environment as computer printouts, copier paper, and notepads. These applications serve as the largest category of paper product consumption, on account of which the market for paper dry strength agent is depicting a phenomenal growth rate in the region.
January 2019 – BASF and Solenis have entered a merger, with BASF's wet-end Paper and Water Chemicals business partnering up with Solenis. This move will help BASF's Paper and Water Chemicals business to maintain sustainable growth and note a rise in its position in the global paper dry strength market. the two companies will jointly provide a vast scope of products and services to cater to the specialty chemical needs of the global paper and water industry.
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