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Wet Strength Resin Market - Industry Dynamics, Market Size, And Opportunity Forecast To 2031

Global Wet Strength Resin Market: By Resin Type (Formaldehyde-based resin, Polyamine-polyamide-epichlorohydrin, Glyoxal-polyacrylamide); By Applications (Banknote Paper, Tissue, Paperboard, and Others)— Market Size, Industry Dynamics, Opportunity Analysis and Forecast, for 2023–2031

  • Published On: 13-Jan-2023  |   Format: pdfpowerpointexcel  |  Report ID: AA0123345
    Delivery: 2 to 4 Hours
INFOGRAPHIC:
Wet Strength Resin Market

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REPORT SCOPE

Report AttributeDetails
Market Size Value in 2022US$ 1,432.6 Million
Expected Revenue in 2031US$ 2,652.8 Million
Historic Data2018-2021
Base Year2022
Forecast Period2023-2031
UnitValue (USD Mn)
CAGR7.2% (2023-2031)
Segments coveredBy Resin Type, By Applications, By Region
Key Companies                                                                        Buckman, Chang Chun Group, CHT Group, Delamine, Ecolab, Kemira, Korfez Kimya, Kothari Group Of Industries, Kurita, Melaminska Kemija, Seiko PMC Corporation, Solenis, Other Prominent Players
Customization ScopeGet your customized report as per your preference. Ask for customization

FREQUENTLY ASKED QUESTIONS

Formaldehyde-based resin, polyamine-polyamide-epichlorohydrin, and glyoxal-polyacrylamide are the three types of resin under the wet strength resin market that are expected to grow substantially in the future.

Major applications where wet strength resins are being used includes banknote paper, tissue, paperboard, and others.

The main benefits of wet strength resin include improved retention and drainage, reduced chemical costs, improved dry & wet strength, improved machine running ability, enhanced creping control, etc.

Wet strength resins are essential performance chemicals used in the production of tissue, towel, and napkin grades. Wet strength resins allow these products to retain a significant amount of their tensile strength when wet. A recent innovation has resulted in a step-change in wet strength performance using a technology that employs novel raw materials and a unique manufacturing process. This unique technology has proven to reduce resin dosages by up to 40% while maintaining wet tensile strength targets and achieving higher maximum wet and dry tensile strength.

The global wet strength resin market is projected to grow at a CAGR of 7.2% during the forecast period 2023-2031 and is expected to reach US$ 2,652.8 million by 2031.

Factor such as gain of latest and enhanced technology, rising awareness of eco-friendly material, and spurred growth of packaging industry drives the growth in the global wet strength resin market over the forecast period.

The polyamine-polyamide-epichlorohydrin resin segment holds the largest CAGR in the global wet strength resin market during the forecast period.

The high cost of WSR and initiatives for reduction of AOX level inhibits the growth of the wet strength resin market during the forecast period. 

North America holds the major share in term of revenue in the global wet strength resin market in 2022.

US holds the major share in term of revenue in the North America wet strength resin market.

Growing adoption of toilet paper provides a lucrative growth opportunity in the wet strength resin market.

Resin Type, Application, and Country are three different segments in the global wet strength resin market.

Solenis, Ecolab, Kemira, Kurita, and Chang Chun Group among others are the major key players in the global wet strength resin market.