Global Wet Strength Additives Market for Paper Industry is segmented by applications (Commercial, Food and Beverages Industry, Hospitals and Healthcare and Others), by Product (Hygiene papers, Packaging paper, Speciality paper and others), by region (North America, Europe, Asia-Pacific, South America and Middle East & Africa).
The wet strength additives for paper products are used to enhance the consistency and to obtain adequate strength of paper. The global market for wet strength additives for the paper industry is growing attributed to the growth of the healthcare industry.Improve efficiency of the machine and increasing end-use applications such as in the manufacturing of hygienic paper towels, serviettes, cleaning cloths, facial tissueand is driving the market growth.
Based on product, the hygiene paper segment is dominated the market for Wet Strength Additives in paper industry in 2019, 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.
By region, North America is the dominating market followed by the Asia Pacific. 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.
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.
Some of the major market players covered in this report Kemira, Kurita Europe GmbH, Solenis, Georgia-Pacific Chemicals LLC, Goodrich Agrochem., Procter & Gamble, Clearwater Paper Corporation, Wausau Paper Corp., Kruger Products among others. These key players operating in this market are adopting various organic and inorganic growth strategies such as merger& acquisitions, joint ventures, collaborations, expansion, new Type launches and patents to increase their regional presence and business operations.
Maximize Market Research, a global market research firm with a dedicated team of specialists and data has carried out extensive research about the Wet Strength Additives Market for Paper Industry. The report encompasses the market by different segments and regions, providing an in-depth analysis of the overall industry ecosystem, useful for making an informed strategic decision by the key stakeholders in the industry. Importantly, the report delivers forecasts and share of the market, further giving an insight into the market dynamics and future opportunities that might exist in the Wet Strength Additives Market for Paper Industry. The driving forces, as well as considerable restraints, have been explained in depth. In addition to this, competitive landscape describing the strategic growth of the competitors has been taken into consideration for enhancing market know-how of our clients and at the same time explainWet Strength Additives Market for Paper Industrypositioning of competitors.
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