The Global Alkyl Ketene Dimer Market Growth Accelerated By Surge In Demand From The Paper Industry

 


Alkyl Ketene Dimer Market


Alkyl ketene dimer (AKD) are organic compounds primarily used as a sizing agent in the paper industry. It imparts hydrophobic properties to paper and other cellulosic materials, thereby improving printability and writability. AKD helps in controlling the absorption of liquids and improves the surface strength of paper. With increasing paper production across the globe coupled with growing emphasis on paper quality, the demand for AKD has witnessed significant growth. The global Alkyl Ketene Dimer Market is estimated to be valued at US$ 340.98 Mn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

 

Market key trends:

The growing paper industry has been a major driver boosting the alkyl ketene dimer market size over the past few years. According to the FAO, global paper production increased by around 45 million tons between 2011 and 2020, reaching an all-time high of over 420 million tons in 2020. China continues to be the leading paper producer globally, accounting for over 100 million tons annually. Moreover, increasing environmental regulations mandating the use of safer chemicals in paper production are favoring the demand for AKD over other sizing agents like alkenyl succinic anhydride (ASA) and alkyl succinic anhydride (ASA), thus expected to drive the market growth over the forecast period.

 

Segment Analysis

The global Alkyl Ketene Dimer (AKD) market is bifurcated into two main segments-paper and board, and cosmetics. The paper and board segment currently dominates the market, accounting for around 75% of the total share. AKD acts as a sizing chemical for paper production, providing strength and reducing abrasions. It helps in improving paper quality and shelf life of the final product. Therefore, strong demand from the paper industry ensures healthy growth of this segment over the forecast period.

 

Key Takeaways:

The Global Alkyl Ketene Dimer Market Size is estimated to be valued at US$ 340.98 Mn in 2023 and is expected to exhibit a CAGR of 4.9% over the forecast period 2023 to 2030.

Regional analysis: North America holds the largest share of around 30% in the global AKD market. This is attributed to robust demand from the paper and packaging industry in the US and Canada. However, Asia Pacific is identified as the fastest growing region on account of flourishing paper manufacturing in China and India.

 

Key players: Key players operating in the Alkyl Ketene Dimer (AKD) market are Aries Chemical, Inc., Arakawa Chemical Industries, Ltd., Atlas Organics Private Limited, GO YEN Chemical Industrial Co., Ltd., Haihang Industry, Kemira Oyj, Longkou Longpai Fine Chemical Industry Co., Ltd., Oleon NV, Plasmine Technology, Inc. and SEIKO PMC Corporation. These leading manufacturers are focused on enhancing their production capacities and diversifying product portfolios to strengthen market presence.


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https://www.newsstatix.com/alkyl-ketene-dimer-market-size-share-growth-outlook-2023/

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