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CHEMICALS AND ADVANCED MATERIALS

Paper Processing Resins Market Analysis by Type (Dry Strength Resins, and Wet Strength Resins); by Material (Acrylic Resins, Bio Polyesters, Melamine Formaldehyde, Butadiene Resin Latex, Epoxy Polyamide, and Polyacrylamide); and by End-Use (Writing Paper, Printing Paper, Kraft Paper, Decorative Paper, Duplex Boards, Paper Napkins/Towels, Paper Wipes, and Special Paper) – Global Supply & Demand Analysis & Opportunity Outlook 2022-2031

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Inflation And Looming Recession to Haunt Businesses:

In 2022 & 2023, market players expected to sail in rough waters; might incur losses due to huge gap in currency translation followed by contracting revenues, shrinking profit margins & cost pressure on logistics and supply chain. Further, U.S. economy is expected to grow merely by 3% in 2022.

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Purchasing power in the couPurchasing power in the country is expected to fell nearly by 2.5%. On the other hand, European countries to see the worst coming in the form of energy crisis especially in upcoming winters!! Right after COVID-19, inflation has started gripping the economies across the globe. Higher than anticipated inflation, especially in western world had raised concerns for national banks and financial institutions to control the economic loss and safeguard the interest of the businesses. Increased interest rates, strong USD inflated oil prices, looming prices for gas and energy resources due to Ukraine-Russia conflict, China economic slowdown (~4% in 2022) disrupting the production and global supply chain and other factors would impact each industry negatively.                                                         Request Insights

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IN THE NEWS

  • Wacker Chemie AG announced a collaboration with notable label manufacturers to initiate a recycling program to collect and recycle release paper made from high-quality cellulose fiber.
  • DIC Corporation announced the acquisition of Chinese coating resins manufacturer Guangdong TOD New Material Co., Ltd. in order to expand its Asian market presence.

Global Paper Processing Resins Market Size, Forecast, and Trend Highlights Over 2022 - 2031

The global paper processing resins market is estimated to garner considerable revenue by the end of 2031 by growing at a CAGR of ~5% over the forecast period, i.e., 2022 – 2031. Further, the market generated noteworthy revenue in the year 2021. This progress is owing to the increasing demand for superior quality paper across innumerable industries such as education, entertainment, packaging, research, and others. More than 350 million metric tons of paper and cardboard are produced across the world every year, which is projected to drive the paper processing resins market.

Paper-Processing-Resins-Market

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Paper processing resins are additives used during the production of paper to alter its physical characteristics, such as texture, strength, thickness, and durability as well as to improve its chemical, heat, and water resistance. The booming paper & pulp industry has been increasingly embracing paper processing resins in the manufacture of high-quality paper to meet the global demand. For instance, the production of paper and carboard worldwide is known to cross 400 Million metric tons every year.

Global Paper Processing Resins Market: Growth Drivers and Challenges

Growth Drivers

  • Growing Education IndustryThe education sector is rapidly expanding to cater to the needs of the urban as well as the rural population who wish to empower themselves to compete in the global arena. Despite the digitization, paper is projected to be the backbone of learning during the forecast period and beyond. According to the statistics by the U.S. Bureau of Labor Statistics (BLS), the number of private establishments in educational services in the United States grew from 137483 numbers in the 1st quarter of 2021 to 144803 numbers in the 4th quarter of 2021.
  • Rising Environmental AwarenessThere is a greater urgency to replace plastic bags and other packaging materials with paper to protect the environment, which is predicted to drive market growth. According to the United Nations Environment Program (UNEP), 1 Million plastic bottles are purchased every minute globally and that around 5 Trillion plastic bags are used every year worldwide.
  • Demand for Aesthetic Paper in Construction IndustryLately there has been a trend in the use of wallpapers for decorative purposes in homes worldwide, which is predicted to continue over the forecast period with the booming construction industry. On an average, the construction industry in the United States witnessed an annual expenditure of about USD 1200 Billion.
  • Growing PopulationThe increasing global population, which is projected to touch nearly 10 Billion by the end of 2028, calls for the use of good quality paper across multiple areas, thereby driving the market for paper processing resins.
  • Rise in Disposable Income of a Growing Middle-Class Population- This along with greater awareness about hygiene is anticipated to propel the paper processing resins market. According to the statistics by the Organisation for Economic Co-operation and Development (OECD), the household disposable income in the United States and European Union, grew from USD 50333/capita and USD 30306/capita in the year 2017 to USD 58308/capita and USD 32956/capita in the year 2020.

Challenges

  • Rise in Digitization Across Various Industries
  • Lack of Skilled Labor
  • Lack of Infrastructure in Some Developing Nations for Large-scale Production

The global paper processing resins market is segmented and analyzed for demand and supply by end-use into writing paper, printing paper, kraft paper, decorative paper, duplex boards, paper napkins/towels, paper wipes, and special paper. Of them, the kraft paper segment is projected to hold the largest share of market by the end of forecast period owing to the boom in online shopping and the use of kraft paper in packaging. It was found that Kraft Paper witnessed a total trade of over USD 13 Billion in the year 2020 and was known to be the 248th most traded product in the same year.

Major Macro-Economic Indicators Impacting the Market Growth

Major-Macro-Economic-Indicators-Impacting-the-Market-Growth

The chemical industry is a major component of the economy. According to the U.S. Bureau of Economic Analysis, in 2020, for the U.S., the value added by chemical products as a percentage of GDP was around 1.9%. Additionally, according to the World Bank, the Chemical industry in the U.S. accounted for 16.43% of manufacturing value-added in 2018. With the growing demand from end-users, the market for chemical products is expected to grow in the future. According to UNEP (United Nations Environment Programme), the sales of chemicals are projected to almost double from 2017 to 2030. In the current scenario, Asia Pacific is the largest chemical producing and consuming region. China has the world’s largest chemical industry, which accounted for annual sales of approximately more than USD 1.5 trillion, or about more than one-third of global sales, in recent years. Additionally, a vast consumer base and favorable government policies have boosted investment in China’s chemical industry. The easy availability of low-cost raw materials & labor, as well as government subsidies and relaxed environmental norms, have served as a production base for key vendors globally. On the other hand, according to the FICCI (Federation of Indian Chambers of Commerce & Industry), the chemical industry in India was valued at 163 billion in 2019 and it contributed 3.4% to the global chemical industry. It ranks 6th in global chemical production. This statistic shows the lucrative opportunity for investment in businesses in Asia Pacific countries in the upcoming years.

Global Paper Processing Resins Market Regional Synopsis

Regionally, the global paper processing resins market is studied into five major regions including North America, Europe, Asia Pacific, Latin America and Middle East & Africa region. Amongst these markets, the market in Asia Pacific is projected to hold the largest market share by the end of 2031. China is predicted to supersede the United States as the world’s leading producer of paper and paper products. In fact, in the year 2020, the paper production in China touched nearly 115 Million metric tons, which was about double the output of the United States. The growing economy and literacy and the rise in disposable income among an expanding middle-class population are likely to drive the demand for different kinds of paper like paper wipes, decorative paper, and other specialty paper in the developing countries.

Paper-Processing-Resins-Market-Size

The global paper processing resins market is further classified on the basis of region as follows:

  • North America (U.S. & Canada) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Latin America (Brazil, Mexico, Argentina, Rest of Latin America) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Europe (U.K., Germany, France, Italy, Spain, Hungary, Belgium, Netherlands & Luxembourg, NORDIC (Finland, Sweden, Norway, Denmark), Ireland, Switzerland, Austria, Poland, Turkey, Russia, Rest of Europe), Poland, Turkey, Russia, Rest of Europe) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Asia-Pacific (China, India, Japan, South Korea, Singapore, Indonesia, Malaysia, Australia, New Zealand, Rest of Asia-Pacific) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook
  • Middle East and Africa (Israel, GCC (Saudi Arabia, UAE, Bahrain, Kuwait, Qatar, Oman), North Africa, South Africa, Rest of Middle East and Africa) Market size, Y-O-Y growth, Market Players Analysis & Opportunity Outlook

Market Segmentation

Our in-depth analysis of the global paper processing resins market includes the following segments:

By Type

  • Dry Strength Resins
  • Wet Strength Resins

By Material

  • Acrylic Resins
  • Bio Polyesters
  • Melamine Formaldehyde
  • Butadiene Resin Latex
  • Epoxy Polyamide
  • Polyacrylamide

By End-use

  • Writing Paper
  • Printing Paper
  • Kraft Paper
  • Decorative Paper
  • Duplex Boards
  • Paper Napkins/Towels
  • Paper Wipes
  • Special Paper
 
Top Featured Companies Dominating the Global Paper Processing Resins Market
  • Chang Chun Group
    • Company Overview
    • Business Strategy
    • Key Product Offerings
    • Financial Performance
    • Key Performance Indicators
    • Risk Analysis
    • Recent Development
    • Regional Presence
    • SWOT Analysis
  • Vertex Chem Private Limited
  • DIC Corporation
  • Wacker Chemie AG
  • Nissin Chemical Industry Co., Ltd.
  • Mitsui Chemicals, Inc.
  • Arakawa Chemical Industries. Ltd.
  • Papertex Speciality Chemicals Pvt. Ltd.
  • SHOWA HIGH POLYMER SINGAPORE PTE LTD
  • Melamin dd Kocevje

 

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