Paper Dry Strength Agent Market Overview
The development of the paper industry has also set off growth not only in the sector alone but also in its related markets like that of dry strength agents. Market Research Future which deals in specialized market reports related to the chemicals and materials sector amongst others, lately published a report on this industry. The industry is projected to reach revenues worth USD 90,549 million in 2023 while growing with an approximate CAGR of 3.50 per cent in the forecast period.
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In dry mill setups, their utility in increasing the strength per unit or bonded area between the fibers of a sheet of paper is one of its main indications. This is also one of the primary reasons that has been instrumental to the expansion of this particular industry. Increase in the number of paper making facilities has been driving the growth trend of the market consequently.
The segmentation of dry strength agent market internationally is majorly based on region and types. Based on types this market includes polyacrylamide, glyoxylted polyacrylamide, amphoteric polymers, aminestarch based polymers and others. The Polyvinylamine controls the market with a 28% share which is subsequently followed by Glyoxylted polyacrylamide and Polyacrlamide. The market is regionally categorized into North America, Europe, APAC, Latin America, and Middle East & Africa.
Detailed Regional Analysis
The dry strength agents market industry while being assessed on the basis of Geography, has Asia Pacific region as the third major market of dry strength agent because of the demand from this region in several applications such as writing and printing paper and also the tissue industry. Thus, in this region it has been observed that China region is followed by India and Japan. The increasing demand for paper industry due to expanding population in countries such as Indonesia, India, Taiwan, and South Korea has made Asia Pacific biggest consumer of the global dry strength agent market. The second largest market of dry strength agent is the European region due to the increasing consumption of paper dry strength agent segment in this region. Despite this however, the consumption of dry strength agent is relatively less in the Middle East & Africa and Latin America.
North America is one of the main market for dry strength agent because of increased demand due to printing and writing papers typically found in school or offices such as computer printouts, copier paper and notepads which incidentally also comprise the largest category of paper product consumption, due to these factors the market for paper dry strength is developing at tremendous growth rate.
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Global Competitive Analysis
The players in the segment are targeting to capture a substantial share of the market segment by effective utilization of their primary resources to initiate long lasting growth changes. This has set off trends which are related to growth which are significantly volume driven. This has led to an increase in different ranges of product forms. The sector’s considerable transformation which has accelerated the growth pace leading to experimentation with numerous advantage points. The industry’s long term development can be capitalized upon by continual ongoing process improvements and maintaining financial fluidity to invest in the optimal strategies when they are decided.
The paper dry strength agent industry key players globally are Applied Chemicals International Group, Kemira, Harima Chemicals Group, Inc., BASF SE and Solenis.
June 2017 Kemira which is a Finland based chemical industry group have recently acquired a liquid based fingerprinting technology for quantitative and qualitative liquid analyses from a company named Aqsens which is a start-up based out of Helsinki. Kemira anticipates that this acquisition will better its competencies for providing a chemical monitoring smart tools for its clients. The technology employs the enhanced time resolved fluorescence method, which allows for monitoring of high-sensitivity and selectivity on many liquid samples.
Jan 2018 BASF has decided on revising their prices to a higher levels due to persistent rise in prices of transportation, raw materials and energy for chemicals for wet-end paper in the European, Middle Eastern and African region by 4 – 12 per cent approximately. These prices will be effective from February 1, 2018 or as their existing contracts allow.
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