- Market Overview:
- The global market for Dry Strength Resin (DSR) in 2022 was valued at US$ 799.37 million.
- Influenced by the COVID-19 pandemic and the ongoing Russia-Ukraine War, the market is set to expand significantly.
- Projected Growth:
- Estimated to reach a revised size of US$ 1104.75 million by the year 2029.
- Anticipated growth at a Compound Annual Growth Rate (CAGR) of 4.77% during the forecast period from 2023 to 2029.
- Key Players in the Market:
- Notable companies contributing to the market include:
- SNF
- Kemira
- Solenis
- Chengming Chemical
- Harima Chemicals
- Arakawa Chemical
- Rachee
- Seiko Pmc
- Beijing Hengju
- Nantian Nongke
- China Soft Technology
- Hubei Jiayun
- Notable companies contributing to the market include:
- Segmentation by Type:
- The Dry Strength Resin market is segmented based on types:
- Cationic
- Amphoteric
- Anionic
- The Dry Strength Resin market is segmented based on types:
- Segmentation by Application:
- Applications of Dry Strength Resin include:
- Paper
- Paperboard
- Applications of Dry Strength Resin include:
- Factors Influencing Growth:
- The market growth is attributed to increased demand in the paper and paperboard industries.
- The COVID-19 pandemic and the Russia-Ukraine War have played a pivotal role in shaping market dynamics.
- Regional Impact:
- Regional variations are expected due to the differing effects of the pandemic and geopolitical tensions.
- Technology Trends:
- Advancements in resin technology are likely to drive innovation and market expansion.
- Environmental Considerations:
- The industry is expected to focus on sustainable practices, reflecting global environmental concerns.
- Challenges and Opportunities:
- Market players face challenges related to supply chain disruptions, but opportunities arise from the increasing demand for packaging materials.
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