South Korea Dry Strength Resin (DSR) Market Size, Share, and COVID-19 Impact Analysis, By Product Type (Natural, Synthetic, and Others), By Application (Paper and Pulp, Textiles, Construction, and Others), and South Korea Dry Strength Resin (DSR) Market Insights Forecasts 2023 - 2033.

South Korea Dry Strength Resin (DSR) Market Insights Forecasts to 2033

• The South Korea Dry Strength Resin (DSR) Market Size is Growing at a 4.92% CAGR from 2023 to 2033.
• The South Korea Dry Strength Resin (DSR) Market Size is Expected to Reach a Significant Share by 2033.

The South Korea Dry Strength Resin (DSR) Market Size is expected to Reach a Significant Share by 2033, Growing at a 4.92% CAGR from 2023 to 2033. 

Market Overview

The South Korea dry strength resin (DSR) market is the business of producing, distributing, and applying dry strength resins in South Korea. Dry strength resins are chemical agents employed in the paper and pulp industry to increase the dry strength of paper products. Dry strength resins enhance the burst strength, tensile strength, and general durability of paper without significantly impacting other properties. They are used extensively in the production of different paper products, such as packing materials, tissues, and printing papers, to help provide better quality and performance. Increased demand for sustainable and environmentally friendly paper products provides a market space for producers to create and sell biodegradable and environment-friendly dry strength resins, supporting world trends towards sustainability. In addition, the fast expansion of the South Korean e-commerce market fuels demand for strong and long-lasting packaging materials, opening up opportunities for dry strength resins to improve corrugated box and other packaging quality.

Report Coverage

This research report categorizes the market for the South Korea dry strength resin (DSR) market based on various segments and regions forecasts revenue growth and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the South Korea dry strength resin (DSR) market. Recent market developments and competitive strategies such as expansion, product launch, and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each sub-segment of the South Korea dry strength resin (DSR) market.

Driving Factors

The government-supported growth of South Korea's paper and pulp industry generates high demand for chemical additives such as dry strength resins. Also, the increasing focus on sustainability and environmentally friendly processes supports the implementation of dry strength resins enhancing paper recyclability and lowering the environmental impact. Additionally, advances in resin chemistry and paper manufacturing processes improve the effectiveness and efficiency of dry strength resins, making them more attractive to producers. Furthermore, increased consumer demand for high-quality paper products, including tissues and specialty papers, fuels the demand for dry strength resins to produce higher quality and performance. These combined factors drive the growth of the South Korea dry strength resin market.

Restraining Factors

The South Korea dry strength resin (DSR) market is constrained by volatility in raw material prices, which has the potential to affect production cost and profitability. Also, tough environmental regulations and compliance obligations might become challenges for producers in coming up with and implementing eco-friendly resin solutions.

Market Segment

• The synthetic segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period.

Based on the product type, the South Korea dry strength resin (DSR) market is divided into natural, synthetic, and others. Among these, the synthetic segment held the greatest share in 2023 and is anticipated to grow at a significant CAGR during the forecast period. Synthetic resins are extensively used in the paper and pulp industry due to their affordability, uniformity, and capacity to live up to the high-quality standards needed for packaging, printing, and specialty papers. As formulators strive to innovate and enhance synthetic resin development, this segment will remain at the forefront and will witness dynamic growth over the forecasted period.

• The paper and pulp segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe.

Based on the application, the South Korea dry strength resin (DSR) market is divided into paper and pulp, textiles, construction, and others. Among these, the paper and pulp segment accounted for the majority of the share in 2023 and is estimated to grow at the fastest CAGR during the projected timeframe. This dominance is fuelled by the widespread applications of dry strength resins in the paper and pulp industry to improve the mechanical properties of paper products, including tensile strength, tear resistance, and durability.

Competitive Analysis:

The report offers the appropriate analysis of the key organizations/companies involved within the South Korea dry strength resin (DSR) market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the current news and developments of the companies, which includes product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Companies

• Kemira Oyj
• BASF SE
• Seiko PMC Corporation
• Solvay S.A.
• Harima Chemicals Group
• Others

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities 
• Consulting and Research Firm
• Venture capitalists
• Value-Added Resellers (VARs)

Market Segment

This study forecasts revenue at regional, and country levels from 2022 to 2033. Spherical Insights has segmented the South Korea Dry Strength Resin (DSR) Market based on the below-mentioned segments:

South Korea Dry Strength Resin (DSR) Market, By Product Type

• Natural
• Synthetic
• Others

South Korea Dry Strength Resin (DSR) Market, By Application

• Paper and Pulp
• Textiles
• Construction
• Others