Paper Dry Strength Agent Industry to Grow at CAGR 3.50%, 2016-2023
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According to Market Research Future Consultants (Pune,India), the pulp and paper dry strength agent market is projected to reach $69,722.5 million in 2016 (when final figures are in) and is expected to reach $90,348.7 million in 2023, with a CAGR of 3.50%
North America accounted for the largest share due to growing application industries in this region.
The total number of companies increased by 15%-20% approximately over the period of 2011 to 2016 and are dominated by micro-size establishments, especially in developing markets such as China and India.
The papermaking dry strength agent market is a fragmented market, however, tier 1 and tier 2 manufacturers dominate the market. North America dominates the market with 32%, followed by Europe and Asia-Pacific. Asia Pacific is forecast to be the fastest growing region in paper dry strength agents at close to 3.55% CAGR from 2016 to 2023. Polyvinylamine could dominate the market with 28%, followed by polyacrlamide and glyoxylted polyacrylamide.
