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Pharmacy benefit management market
REPORT OVERVIEW
The global paper dry strength agent sales market size was US$ 823 million in 2021. As per our research, the market is expected to generate substantial revenue by 2028, a robust CAGR 7.3% during the forecast period. The global COVID-19 pandemic has been unprecedented and staggering, with the paper dry strength agent sales market experiencing higher-than-anticipated demand across all regions compared to pre-pandemic levels. The sudden rise in CAGR is attributable to the market's growth and demand returning to pre-pandemic levels once the pandemic is over.
The paper dry strength agent sales industry refers to the industry that produces and sells these chemical additives to paper manufacturers. This market includes various types of dry strength agents, such as natural and synthetic polymers, starches, and others. Paper dry strength agents’ sales are chemicals that are added to paper pulp during the papermaking process to improve the dry strength properties of paper. Dry strength agents work by increasing the internal bonding strength of paper fibers, which improves the paper's resistance to tearing, bursting, and other types of mechanical stress.
There are several types of dry strength agents used in the paper industry, including synthetic polymers, natural polymers, and inorganic compounds. Some of the most commonly used dry strength agents include cationic starch, polyacrylamide, and carboxymethyl cellulose. The selection of a specific dry strength agent depends on various factors, such as the type of paper being produced, the equipment used in the papermaking process, and the desired properties of the final product. Dry strength agents are essential for producing high-quality paper products with enhanced mechanical properties.
COVID-19 Impact: Industry Imbalance Causes Market Distortion
For chemicals and advance materials, the COVID-19 outbreak resulted in issues like unstable markets, a decline in client confidence, and challenges with import and export business. The global supply chain includes the sourcing of raw materials, packaging, and distribution. Moving commodities, chemicals, and other items has become challenging due to lockdowns. It had a financial impact on the markets for material in addition to having an immediate impact on markets, supply chains, supply and demand, and all of these other things. Producers of chemicals are focusing on protecting their workforce, operations, and supply networks in order to handle this urgent situation. The pandemic impacted the industry dynamics, forcing organizations to revamp their entire operation structures to maintain stability amid the disruptions. Aside from that, the companies' business operations have been affected by the outbreak, which has an effect on the overall chemicals and advanced materials industry. This has partially impacted the paper dry strength agent sales industry.
LATEST TRENDS
"Paper Product to Boost the Market Growth"
The growing demand for paper products is a key trend of the paper dry strength agent sales industry. Paper products are used for a variety of applications, including packaging, printing, and hygiene products, such as tissues and paper towels. The increasing demand for these products is being driven by several factors, including population growth, urbanization, and economic development. Population growth is a major factor driving the demand for paper products. As the global population continues to grow, the demand for paper products is also increasing. Additionally, urbanization is leading to an increase in demand for paper products, particularly for packaging materials. This is because urbanization is associated with an increase in consumerism, which drives demand for goods that require packaging. Economic development is also contributing to the growing demand for paper products. Thus, during the forecast period, the aforementioned factors are anticipated to fuel market growth. The global market will benefit from these factors. Thus, a key trend that is opening up potential for the industry to grow is the growing demand for paper products. These new developments are mostly to blame for the market's overall growth.
SEGMENTATION
- By Types
Based on type, the market is classified into polyvinyl amine type, polyacrylamide type, glyoxylated polyacrylamide type, starch based polymers type, amphoteric polymers type & others.
- By Application
Based on the market is categorized into paper, paper board & others.
DRIVING FACTORS
"Eco-friendly Paper Product that Gives the Market Extra Boost"
The increasing demand for eco-friendly paper products is a significant driver of the paper dry strength agent sales industry. Consumers and businesses are becoming more conscious of their environmental impact and are looking for more sustainable alternatives to traditional paper products. As a result, paper manufacturers are developing eco-friendly paper products that require less energy and fewer resources to produce. Paper dry strength agent sales play a crucial role in the production of eco-friendly paper products because they help reduce the amount of fiber required in the production process. This, in turn, reduces the amount of water and energy required to manufacture paper products, making the process more sustainable and environmentally friendly. Furthermore, paper dry strength agents can also help to improve the recyclability of paper products. By improving the strength and stiffness of paper, dry strength agents can increase the durability of paper products, making them less likely to tear or break during the recycling process. As a result, the growth, and the increasing demand for eco-friendly paper products will boost the industry. It will contribute to the expansion of the chemicals & advanced materials industry and it will improve the paper dry strength agent sales market growth.
"Technological Advancement to Encourage Market Expansion"
The paper dry strength agent market has seen several technological advancements in recent years. Nano-technology: The use of nano-particles in paper dry strength agent sales has been gaining popularity due to their ability to improve the strength and stiffness of paper products at lower dosages. This reduces the amount of dry strength agents required in the manufacturing process, which can lead to cost savings and a reduction in the environmental impact of paper production. Enzymatic treatments: Enzymatic treatments are being used to modify the surface properties of fibers and improve the performance of paper dry strength agents. Enzymatic treatments can enhance the ability of dry strength agents to adhere to fibers, resulting in improved strength and stiffness of paper products. Over the course of the forecast period, the market is anticipated to grow as a result of all these advanced features. As a result, these factors are collectively promoting market expansion, increasing company revenues. As a result, above mentioned factors will help the market to boost.
RESTRAINING FACTORS
"High Cost to Impede Market Expansion"
The factor hindering market growth is high cost. Paper dry strength agents can be expensive, especially those derived from natural polymers or other renewable resources. This can make it difficult for smaller paper mills or manufacturers to afford these agents, which can limit their use. This obstacle prevents the market from growing. This factor is impeding market expansion. This may be a significant issue limiting market expansion. If this problem is fixed, the market will start to grow right away.
REGIONAL INSIGHTS
"North America Dominating the Market Across the Globe"
The market for paper dry strength agent sales is in North America has benefited from the region's expanding industrial development, and various driving factors which has increased the potential sectors as this region is the largest user of the product. The key factor driving the growth of the paper dry strength agent sales market share is the growing demand of product in the paper & paper board is one of the major reasons to drive the market. Rapid urbanization developments will further boost the overall market.
KEY INDUSTRY PLAYERS
"Leading Manufacturers to Boost Product Demand"
Study includes information on the market players and where they stand within the sector. Data is being collected and made available through proper research, mergers, technical advancement, growing production facilities, and cooperation. The study on materials offers details on manufacturers, regions, types, applications, sales channels, distributors, traders, dealers, research findings, and more.
List of Market Players Profiled
- Solenis (U.S.)
- Tianma (China)
- BASF SE (Germany)
- Kemira (Finland)
REPORT COVERAGE
The study goes into great detail about market segmentation by type and application. The study examines a broad range of participants, including existing and potential market leaders. A considerable market expansion is anticipated as a result of several important factors. In order to provide market insights, the research additionally analyses elements that are probably to boost paper dry strength agent sales market share. The report makes forecasts for market expansion during the projected time period. The objective of the regional study is to explain why one region dominates the worldwide market. There are a lot of issues that have all been carefully considered that prevent the industry from growing. The research also contains a market strategic analysis. It includes thorough market information.
Frequently Asked Questions
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What CAGR is the paper dry strength agent sales market expected to exhibit by 2028?
The paper dry strength agent sales market is expected to exhibit a CAGR of 7.3% by 2028.
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Which are the driving factors of the paper dry strength agent sales market?
Eco-friendly paper product that give the market extra boost & technological advancement to encourage market expansion.
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What is the restraining factor of the paper dry strength agent sales market?
High cost to impede paper dry strength agent sales market expansion.
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What was the impact of COVID-19 on the paper dry strength agent sales market?
Industry Shutdown Causes paper dry strength agent sales Market Distortion