Global Wet Strength Additives Market for Paper Industry: Industry Analysis and Forecast 2020-2027
Global Wet Strength Additives Market for Paper Industry was valued at USD xxMn in 2019 and is expected to reach USD xxMn by 2027 at a CAGR of 6.3%over the forecast period 2020-2027.
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The report covers an in-depth analysis of COVID 19 pandemic impact on Global Wet Strength Additives Market for Paper Industry by region and on the key players’ revenue affected till July 2020 and expected short term and long-term impact on the market.
Wet Strength Additives Market for Paper Industry overview
Wet strength additives for paper products are used to enhance the consistency of paper and to obtain adequate strength.These additives chemicals are mostly used in themanufacturing of paperboard, towels, and tissues.Manufacturers of the paper industry used these additives to improve & developed new paper grades. Also, to strength the end-use performance for instance in packaging board, writing, and printing paper.
Wet Strength Additives Market for Paper Industry Dynamics
The global wet strength additives market for paper industryis estimated to witness lucrative growth over 2019-2027 because ofincreasing applications in packaging paper, hygienic paper, and specialty paper. Wet strength additives increase the efficiency of the machine running ability in terms of energy dewatering and consumption. Also, other factors such as retention and drainage, enhanced creping control, improved dry strength, and reduced chemical costs are driving the growth of the wet strength additives market for the paper industry. Increasing FDA investment in the paper and pulp industry has made a positive impact the market growth.
However, the global wet strength additives market for the paper industryis hampered by continuous fluctuations in the cost of raw materials.
Global Wet Strength Additives Market for Paper Industry: Market Segmentation
By product, the hygiene paper is expected to grow at an xx% rate of CAGR during the forecast period thanks to growing demand from the healthcare industry for hygiene papers. The continuous demand for hygienic papers ranging from commercial to food trucks and restaurants especially in urban areas is expected to impel the growth of the wet strength additives market for the paper industry. Also, development in glyoxalated polyacrylamide (GPAM)-based technology in the wet strength additives market the paper industry to improve the efficiency of the product has made a positive impact on the Wet Strength Additives for hygiene papers market.
Global Wet Strength Additives Market for Paper Industry: Regional Analysis
North America accounted for a prominent market share of xx% in 2019 and is expected to continue its prominence during the forecast period. A supportive government subsidiary for the paper and pulp industry is driving the market growth. Also, increasing demand for healthcare and hospitals for hygienic papers has impelled the wet strength additives market for paper industry growth in this region.
In terms of value, Asia Pacific held the second largest market share of xx% in 2019 and is projected to grow at a CAGR of xx% by the end of 2027. Economic development and changing consumer’s preference leading to rising in wet strength additives market for the paper industry. Besides, change in lifestyle led to consumer’s awareness towards a healthy lifestyle and hygienic products have made a positive impact in the Asia Pacific region.
The report covers an in-depth analysis of key development, marketing strategies, supply-side and demand-side indicators, and company profiles of market leaders, potential players, and new entrants. Key players operating in this market are adopting various organic and inorganic growth strategies such as mergers & acquisitions, joint ventures, collaborations, expansion, new Type launches, and patents to increase their regional presence and business operations.
The objective of the report is to present a comprehensive analysis of the Global Wet Strength Additives Market for Paper Industry including all the stakeholders of the industry. The past and current status of the industry with forecasted market size and trends are presented in the report with the analysis of complicated data in simple language. The report covers all the aspects of the industry with a dedicated study of key players that includes market leaders, followers, and new entrants.
PORTER, SVOR, PESTEL analysis with the potential impact of micro-economic factors of the market have been presented in the report. External as well as internal factors that are supposed to affect the business positively or negatively have been analysed, which will give a clear futuristic view of the industry to the decision-makers. The report also helps in understanding Global Wet Strength Additives Market for Paper Industry dynamics, structure by analyzing the market segments and project Global Wet Strength Additives Market for Paper Industry Clear representation of competitive analysis of key players by price, financial position, Type portfolio, growth strategies, and regional presence in the Global Wet Strength Additives Market for Paper Industry make the report investor’s guide.
Global Wet Strength Additives Market Competitive Landscape:
Global Wet Strength Additives Market1
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Global Wet Strength Additives Market, by Product
• Hygiene papers
• Packaging paper
• Speciality paper
• Others
Global Wet Strength Additives Market, by Applications
• Commercial
• Food and Beverages Industry
• Hospitals and Healthcare
• Others
Global Wet Strength Additives Market, by Region
• North America
• Europe
• Asia-Pacific
• South America
• Middle East & Africa
Global Wet Strength Additives Market for Paper Industry Major Players
• Kemira
• Kurita Europe GmbH
• Solenis
• Georgia-Pacific Chemicals LLC
• Goodrich Agrochem.
• Procter & Gamble
• Clearwater Paper Corporation
• Wausau Paper Corp.
• Kruger Products
• Others
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