ASA And ASA Derivatives Market Size, Share, Growth, and Industry Growth by Type (OSA, ODSA, NSA, DDSA, and Others), By Application (Sizing Agent, Curing Agent, Fuel Additive, Surfactants, Lubricants, and Others), Regional Forecast To 2031

Updated On: 08 April 2024

ASA And ASA Derivatives Market REPORT OVERVIEW

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The global ASA and ASA derivatives market size was USD 166.3 million in 2021 and is projected to touch USD 267.92 million by 2031, exhibiting a CAGR of 4.9% during the forecast period.

Alkenyl Succinic Anhydrides (ASA) are branching iso-alkenyl chains attached to five-membered succinic anhydrides. They are usually viscous liquids that are colorless. They are frequently utilized, particularly in the hydrophobicization of cellulose fibers and the surface sizing of paper, paperboard, and cardboard. Products treated with it exhibit less aqueous media penetration, such as inks or beverages such as milk or fruit juices.

ASA and ASA derivatives also comes within the category of neutral or basic type of sizing agents. It is frequently used to stabilize the filler material calcium carbonate as an alkaline or neutral agent. The paper machine's operational capacity improves with ASA. Additionally, it maintains the paper's dimensional stability and improves water resistance. The ASA agent also keeps the paper's surface clean, prevents dust buildup, and shields the machine from malfunction.

COVID-19 Impact: Infrastructure Restrictions Halt Market Growth

COVID-19 had a life changing impact globally. The global ASA and ASA derivatives market was significantly affected. The virus had various impacts on different markets. Lockdowns were imposed in several nations. This erratic pandemic caused disruptions on all sorts of businesses. Restrictions tightened during the pandemic due to increasing number of cases. Numerous Industries were affected. However, the market for ASA and ASA derivatives experienced a downfall.

The global ASA and ASA derivatives market were severely affected adversely as the demand for ASA and ASA derivatives went down. This was caused by the halt of industrial work during the pandemic. The complete lockdown and closure of industrial work caused a major problem to the market. The companies that provided products to various end users did not suffer as much. Due to the lockdown and social distancing norms, major corporations had temporarily ceased operations in many regions.

The outbreak of novel corona virus saw a decline in the economic growth in major countries. This reduced the customer spending power and affected their expenditure patterns. Owing to the halt in international and national transport, depreciated the supply chain of the global ASA and ASA derivatives market share. The lack of access to the raw materials also halted research and development for this market.

LATEST TRENDS

"Research Developments to Boost Market Size"

Research conducted on the ASA and ASA derivatives influence on the surface activities on gelatin was published on ResearchGate. In the experiment, gelatin hydrolysate was reacted with polyisobutenyl succinic anhydride having a hydrophilic substituent, to produce a series of gelatin derivatives that featured both hydrophobic and hydrophilic groups. The experiment concluded that superior surface activities were present in the synthesized surfactants. The surfactants containing PBMA 320 demonstrated good foamability and emulsifying ability.

National Law of Medicine conducted an experiment on the hydrophobic modification of cashew gum using ASA and ASA derivatives. The experiment modified the water-soluble polymer with ASA and ASA derivatives in order to attach a hydrophobic group to it. This was done using octenyl succinic anhydride and tetra-propenyl succinic anhydride. The hydrophobe's inclusion reduced cashew gum's tendency for absorbing water. These new hydrophobically altered CGs can function as polymeric thickeners, emulsifiers, and compatibilizers.

ASA And ASA Derivatives Market SEGMENTATION

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• By Type

Based on type, the market is divided into OSA, ODSA, NSA, DDSA, and Others. OSA segment holds a major share of the global market.

• By Application

Based on application, the market is bifurcated into Sizing Agent, Curing Agent, Fuel Additive, Surfactants, Lubricants, and Others. Sizing Agent as application holds a major share of the global market.

DRIVING FACTORS

"Enhancing Paper Quality to Boost Market Share"

The global ASA and ASA derivatives market size is expected to grow during the forecast period owing to quality it adds to paper. When compared to other acidic sizing agents like gum resin, ASA lessens the likelihood of machine malfunction and water recycling issues during the production of acidic paper. ASA also reduces water absorption and improves paper surface conditions during a neutral paper manufacturing process. This is bound to increase its demand in printing, writing papers, newsprints, paperboards and so on.

"Environment Friendly Factors to Benefit Market Size"

By promoting water recycling during the paper-making process, ASA significantly contributes to reducing the negative environmental effects of water contamination. The biodegradable nature of ASA and ASA derivatives is what drives consumer in favor of it as a quality enhancer. This is bound to optimize parameters such as surface hydrophobicity, absorption of liquids, writability and printability, dimensional stability, and runnability of the manufacturing unit. Hence ASA and ASA derivatives can be used on any type of paper as it does not have any harmful effects. This is expected to boost the global ASA and ASA derivatives market share.

RESTRAINING FACTORS

"Global Digitization to Hamper Market Growth"

The growing economy and advancement in technology, there is a drastic rise in digitization of written activities. The use of paper is decreasing with the growing access to screens. As smartphones and devices provide feasible access to information, population is turning to its favor. As industries look at digitization as a method to reduce consumption of pulp and paper value chain, this provides them economic benefit. Hence it predicted to be a constraint for the global ASA and ASA derivatives market share.

ASA And ASA Derivatives Market REGIONAL INSIGHTS

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"Asia Pacific Dominates the Market owing to Rise in Packaging Sector"

APAC region is dominant of the global ASA and ASA derivatives market in the forecast period. The rise is owing to the growing demand for paper in packaging applications in the e-retail industry. The manufacturing industry for this industry is majorly concentrated in this region owing to the low labor cost and the availability of raw resources. In addition, various packaging manufacturing companies establish their base in these developing economies to reduce trading cost and improve their economies of sales. Europe is the second major shareholder for the global ASA and ASA derivatives market share.

KEY INDUSTRY PLAYERS

"Leading Players adopt Acquisition Strategies to Stay Competitive "

Several players in the market are using acquisition strategies to build their business portfolio and strengthen their market position. In addition, partnerships and collaborations are among the common strategies adopted by companies. Key market players are making R&D investments to bring advanced technologies and solutions to the market.

List of Market Players Profiled

• Kemira [Finland]
• Vertellus Holdings [U.S.]
• Milliken Chemical [India]
• Mare Holding [Italy]
• INEOS [U.K.]

REPORT COVERAGE

This research profiles a report with extensive studies that take into description of the firms that exist in the market affecting the forecasting period. With detailed studies done, it also offers a comprehensive analysis by inspecting the factors like segmentation, opportunities, industrial developments, trends, growth, size, share, restraints, etc. This analysis is subject to alteration if the key players and probable analysis of market dynamics changes.