Alkyl Ketene Dimer (AKD) Market

Global Alkyl Ketene Dimer (AKD) Market By Type (Wax and Emulsion), By Application (Printing and Writing Papers, Newsprint Papers, and Paperboard) and Region (North America, Latin America, Europe, Asia Pacific and Middle East & Africa)

  • Report ID: MC-47
  • Author: Growth Market Reports
  • Rating: 4.8
  • Total Reviews: 12
  • No. Of Pages: 150
  • Format:
  • Pub. Date: 2020-07-31
  • Share:

Market Outlook:

The global alkyl ketene dimer (AKD) market was valued at USD 294.6 Million in 2019 and is projected to reach USD 384.2 Million by 2027, expanding at a CAGR of 3.6% during the forecast period. Alkyl ketene dimer is used as sizing agent in the paper industry. The most common form of AKD is a waxy solid material dispersed, as small particles in a solution containing stabilizer. The stabilizer includes cationic starch or another cationic polyelectrolyte. AKD is majorly available in two forms, solid and liquids. The liquid form is less efficient than the solid form as a sizing agent. AKD is widely used for making ink-jet printing papers, and many other grades of paper and paperboard. It is used for products that need to resist water over a long period of time. Moreover, AKD is used for hydrophobization of paper, when made under alkaline conditions.

Global Alkyl Ketene Dimer Market Key Takeaways

Market Drivers

Consumer Consciousness Regarding Sustainable Packaging
Rising awareness among people has led to the increase in consumers concern regarding sustainable packaging. Paper is a widely used material for packaging of products, as it is inexpensive, lightweight, and degradable. Increasing number of e-retailers has fueled the demand for paper and paperboards as a packaging material. This is expected to propel the market growth during the forecast period.

Stringent Government Regulations
Governments have imposed strict regulations and limitations on the use of plastic bags, which has fueled the preference for paper packaging. Imposing a ban on the use of plastics by governments is expected to create new opportunities in the paper-based packaging industry. This is expected to drive the demand for paper and paperboards used for packaging. This, in turn, is projected to boost the market growth.

Rising Demand for Printing Paper and Writing Paper
Printing paper and writing paper are widely used for business and educational purposes. Printing papers are available in various types, sizes, and qualities, and finds application in offset printing and laser imaging. These papers are used in business activities as business communications documents and for printing books and documents used for educational and academic purposes.

Market Restraints

Adoption of TV, Smartphone, and Internet
Advancements in technology has introduced several electronic devices used in day to day life, such as TV, mobile phones, laptops, and tablets. Consumers are using these devices for watching news and updaters about world events. The Internet has made it easy to access news through channels and apps through a smartphone. Availability of digital media and social media platforms has increased the investment in digital advertising as compared to print media such as flyers and pamphlets. This has led to decline in the demand for newsprint papers and printing papers. Moreover, availability of alternatives to newspaper, as advertising materials, is one of the major factors restraining market growth.

Environmental Impact Caused by the Paper Industry
A majority of the people are concerned about the impact of deforestation on the environment. Paper is made from trees (wood pulp), and increasing demand for paper has led to the decrease in the number of trees, which in turn, is hampering the environment. This has led to tremendous changes in the climate. Thus, encouraging people to shift from paper to digital sources to decrease the use of paper. Increasing awareness among people about environmental concerns has decreased the demand for paper. Declining demand for paper is expected to hamper the alkyl ketene dimer market during the forecast period.

Market Opportunities

Growing Demand for Paper and Paperboard
Rising number of food chains, restaurant, online shopping through e-commerce retailers has led to the rise in the demand for paper packaging. Printing papers and paperboard are commonly used as packaging materials. Paper bags are used for packaging food items, cosmetics products, clothes, and other consumer goods. Moreover, paperboards are used for packaging electronics products, heavy retail products, and cartons & boxes. Governments are imposing strict regulations on packaging materials after the ban on plastic, thus fueling the demand for paper packaging. This is expected to create lucrative opportunities in the market and is expected to boost market growth.

Segmental Outlook

On the basis of types, the alkyl ketene dimer (AKD) market is bifurcated into wax and emulsion. The wax segment is anticipated to expand at a CAGR of 3.4% during the forecast period due to the benefits offered by the AKD wax, as it reduces machine breakdown and water recycling difficulties, water absorption, and enhances surface conditions of paper during the paper manufacturing process. The emulsion segment is estimated to hold 59.6% share of the market in 2020 owing to its wide usage in paper industry.

Global Alkyl Ketene Dimer Market By Type

Based on applications, the global alkyl ketene dimer (AKD) market is divided into printing and writing papers, newsprint papers, and paperboard. The printing and writing paper segment is projected to hold a major share of the global market during the forecast period owing to rising demand for printed book covers, magazines, and catalogs is expected to boost the demand for printing and writing papers. The paperboard segment is expected to grow at a substantial pace due to owing to increasing packaging applications in the food sector, the cosmetic sector, and the consumer goods sector.

Global Alkyl Ketene Dimer Market By Application

Regional Outlook

In terms of regions, the market is fragmented into North America, Europe, Asia Pacific, Latin America, and Middle East & Africa. Asia Pacific is a promising region for the market. The region constituted 40.2% share of the market in 2020. The market in the region is projected to expand at a substantial CAGR of 3.9% during the forecast period. The market in the region is anticipated to grow during forecast period due to rapid industrialization and increasing number of manufactures in the region. The market in North America is projected to expand at a significant CAGR of 3.6% due to Increasing demand in the region for consumer goods, packaged food items, and cosmetics in the region is expected to boost the need for packaging products.

Global Alkyl Ketene Dimer Market By Region

Competitive Landscape

  • Key players in the market include Kemira Oyj, Arakawa Chemical Industries,Ltd., SEIKO PMC CORPORATION, and Wilmar International Limited. These companies are considered manufacturers of alkyl ketene dimer based on their revenue, research development (R&D) activities, regional presence, and supply chain management system.
  • The players are adopting key strategies such as acquisition, and geographical expansion where potential opportunity for the alkyl ketene dimer production is added in the company’s capacity.
  • For instance, in December 2018, Kemira Oyj entered into a joint venture through Kemira TC Wanfeng Chemicals Yanzhou with Shandong Tiancheng Wanfeng Chemical Technology, an AKD producer in China. The joint venture strengthened its position in the market with a quality asset and secure its supply of the key raw material for AKD wax.

Global Alkyl Ketene Dimer Market By Manufacturers

Key Benefits for Industry Participants & Stakeholders

  • In-depth Analysis of the Global Alkyl Ketene Dimer (AKD) Market
  • Historical, Current and Projected Market Size in terms of Value
  • Potential & Niche Segments and Regions Exhibiting Promising Growth Covered
  • Industry Drivers, Restraints and Opportunities Covered in the Study
  • Recent Industry Trends and Developments
  • Competitive Landscape & Strategies of Key Players
  • Neutral Perspective on Global Alkyl Ketene Dimer (AKD) Market Performance
Chapter 1 Executive Summary
Chapter 2 Assumptions and Acronyms Used
Chapter 3 Research Methodology
Chapter 4 Alkyl Ketene Dimer (AKD) Market Overview

   4.1 Introduction
      4.1.1 Market Taxonomy
      4.1.2 Market Definition
      4.1.3 Macro-Economic Factors Impacting the Market Growth
   4.2 Alkyl Ketene Dimer (AKD) Market Dynamics
      4.2.1 Market Drivers
      4.2.2 Market Restraints
      4.2.3 Market Opportunity
   4.3 Alkyl Ketene Dimer (AKD) Market - Supply Chain Analysis
      4.3.1 List of Key Suppliers
      4.3.2 List of Key Distributors
      4.3.3 List of Key Consumers
   4.4 Key Forces Shaping the Alkyl Ketene Dimer (AKD) Market
      4.4.1 Bargaining Power of Suppliers
      4.4.2 Bargaining Power of Buyers
      4.4.3 Threat of Substitution
      4.4.4 Threat of New Entrants
      4.4.5 Competitive Rivalry
   4.5 Global Alkyl Ketene Dimer (AKD) Market Size & Forecast, 2017-2027
      4.5.1 Alkyl Ketene Dimer (AKD) Market Size and Y-o-Y Growth
      4.5.2 Alkyl Ketene Dimer (AKD) Market Absolute $ Opportunity

Chapter 5 Global Alkyl Ketene Dimer (AKD) Market Analysis and Forecast Type
   5.1 Introduction
      5.1.1 Key Market Trends & Growth Opportunities Type
      5.1.2 Basis Point Share (BPS) Analysis Type
      5.1.3 Absolute $ Opportunity Assessment Type
   5.2 Alkyl Ketene Dimer (AKD) Market Size Forecast Type
      5.2.1 Wax
      5.2.2 Emulsion
   5.3 Market Attractiveness Analysis Type

Chapter 6 Global Alkyl Ketene Dimer (AKD) Market Analysis and Forecast Application
   6.1 Introduction
      6.1.1 Key Market Trends & Growth Opportunities Application
      6.1.2 Basis Point Share (BPS) Analysis Application
      6.1.3 Absolute $ Opportunity Assessment Application
   6.2 Alkyl Ketene Dimer (AKD) Market Size Forecast Application
      6.2.1 Printing and Writing Papers
      6.2.2 Newsprint Papers
      6.2.3 Paperboard
   6.3 Market Attractiveness Analysis Application

Chapter 7 Global Alkyl Ketene Dimer (AKD) Market Analysis and Forecast by Region
   7.1 Introduction
      7.1.1 Key Market Trends & Growth Opportunities by Region
      7.1.2 Basis Point Share (BPS) Analysis by Region
      7.1.3 Absolute $ Opportunity Assessment by Region
   7.2 Alkyl Ketene Dimer (AKD) Market Size Forecast by Region
      7.2.1 North America
      7.2.2 Europe
      7.2.3 Asia Pacific
      7.2.4 Latin America
      7.2.5 Middle East & Africa (MEA)
   7.3 Market Attractiveness Analysis by Region

Chapter 8 Coronavirus Disease (COVID-19) Impact
   8.1 Introduction
   8.2 Current & Future Impact Analysis
   8.3 Economic Impact Analysis
   8.4 Government Policies
   8.5 Investment Scenario

Chapter 9 North America Alkyl Ketene Dimer (AKD) Analysis and Forecast
   9.1 Introduction
   9.2 North America Alkyl Ketene Dimer (AKD) Market Size Forecast by Country
      9.2.1 U.S.
      9.2.2 Canada
   9.3 Basis Point Share (BPS) Analysis by Country
   9.4 Absolute $ Opportunity Assessment by Country
   9.5 Market Attractiveness Analysis by Country
   9.6 North America Alkyl Ketene Dimer (AKD) Market Size Forecast Type
      9.6.1 Wax
      9.6.2 Emulsion
   9.7 Basis Point Share (BPS) Analysis Type
   9.8 Absolute $ Opportunity Assessment Type
   9.9 Market Attractiveness Analysis Type

   9.10 North America Alkyl Ketene Dimer (AKD) Market Size Forecast Application
      9.10.1 Printing and Writing Papers
      9.10.2 Newsprint Papers
      9.10.3 Paperboard
   9.11 Basis Point Share (BPS) Analysis Application
   9.12 Absolute $ Opportunity Assessment Application
   9.13 Market Attractiveness Analysis Application

Chapter 10 Europe Alkyl Ketene Dimer (AKD) Analysis and Forecast
   10.1 Introduction
   10.2 Europe Alkyl Ketene Dimer (AKD) Market Size Forecast by Country
      10.2.1 Germany
      10.2.2 France
      10.2.3 Italy
      10.2.4 U.K.
      10.2.5 Spain
      10.2.6 Russia
      10.2.7 Rest of Europe
   10.3 Basis Point Share (BPS) Analysis by Country
   10.4 Absolute $ Opportunity Assessment by Country
   10.5 Market Attractiveness Analysis by Country
   10.6 Europe Alkyl Ketene Dimer (AKD) Market Size Forecast Type
      10.6.1 Wax
      10.6.2 Emulsion
   10.7 Basis Point Share (BPS) Analysis Type
   10.8 Absolute $ Opportunity Assessment Type
   10.9 Market Attractiveness Analysis Type

   10.10 Europe Alkyl Ketene Dimer (AKD) Market Size Forecast Application
      10.10.1 Printing and Writing Papers
      10.10.2 Newsprint Papers
      10.10.3 Paperboard
   10.11 Basis Point Share (BPS) Analysis Application
   10.12 Absolute $ Opportunity Assessment Application
   10.13 Market Attractiveness Analysis Application

Chapter 11 Asia Pacific Alkyl Ketene Dimer (AKD) Analysis and Forecast
   11.1 Introduction
   11.2 Asia Pacific Alkyl Ketene Dimer (AKD) Market Size Forecast by Country
      11.2.1 China
      11.2.2 Japan
      11.2.3 South Korea
      11.2.4 India
      11.2.5 Australia
      11.2.6 Rest of Asia Pacific (APAC)
   11.3 Basis Point Share (BPS) Analysis by Country
   11.4 Absolute $ Opportunity Assessment by Country
   11.5 Market Attractiveness Analysis by Country
   11.6 Asia Pacific Alkyl Ketene Dimer (AKD) Market Size Forecast Type
      11.6.1 Wax
      11.6.2 Emulsion
   11.7 Basis Point Share (BPS) Analysis Type
   11.8 Absolute $ Opportunity Assessment Type
   11.9 Market Attractiveness Analysis Type

   11.10 Asia Pacific Alkyl Ketene Dimer (AKD) Market Size Forecast Application
      11.10.1 Printing and Writing Papers
      11.10.2 Newsprint Papers
      11.10.3 Paperboard
   11.11 Basis Point Share (BPS) Analysis Application
   11.12 Absolute $ Opportunity Assessment Application
   11.13 Market Attractiveness Analysis Application

Chapter 12 Latin America Alkyl Ketene Dimer (AKD) Analysis and Forecast
   12.1 Introduction
   12.2 Latin America Alkyl Ketene Dimer (AKD) Market Size Forecast by Country
      12.2.1 Brazil
      12.2.2 Mexico
      12.2.3 Rest of Latin America (LATAM)
   12.3 Basis Point Share (BPS) Analysis by Country
   12.4 Absolute $ Opportunity Assessment by Country
   12.5 Market Attractiveness Analysis by Country
   12.6 Latin America Alkyl Ketene Dimer (AKD) Market Size Forecast Type
      12.6.1 Wax
      12.6.2 Emulsion
   12.7 Basis Point Share (BPS) Analysis Type
   12.8 Absolute $ Opportunity Assessment Type
   12.9 Market Attractiveness Analysis Type

   12.10 Latin America Alkyl Ketene Dimer (AKD) Market Size Forecast Application
      12.10.1 Printing and Writing Papers
      12.10.2 Newsprint Papers
      12.10.3 Paperboard
   12.11 Basis Point Share (BPS) Analysis Application
   12.12 Absolute $ Opportunity Assessment Application
   12.13 Market Attractiveness Analysis Application

Chapter 13 Middle East & Africa (MEA) Alkyl Ketene Dimer (AKD) Analysis and Forecast
   13.1 Introduction
   13.2 Middle East & Africa (MEA) Alkyl Ketene Dimer (AKD) Market Size Forecast by Country
      13.2.1 GCC
      13.2.2 South Africa
      13.2.3 Rest of Middle East & Africa (MEA)
   13.3 Basis Point Share (BPS) Analysis by Country
   13.4 Absolute $ Opportunity Assessment by Country
   13.5 Market Attractiveness Analysis by Country
   13.6 Middle East & Africa (MEA) Alkyl Ketene Dimer (AKD) Market Size Forecast Type
      13.6.1 Wax
      13.6.2 Emulsion
   13.7 Basis Point Share (BPS) Analysis Type
   13.8 Absolute $ Opportunity Assessment Type
   13.9 Market Attractiveness Analysis Type

   13.10 Middle East & Africa (MEA) Alkyl Ketene Dimer (AKD) Market Size Forecast Application
      13.10.1 Printing and Writing Papers
      13.10.2 Newsprint Papers
      13.10.3 Paperboard
   13.11 Basis Point Share (BPS) Analysis Application
   13.12 Absolute $ Opportunity Assessment Application
   13.13 Market Attractiveness Analysis Application

Chapter 14 Competition Landscape
   14.1 Alkyl Ketene Dimer (AKD) Market: Competitive Dashboard
   14.2 Global Alkyl Ketene Dimer (AKD) Market: Market Share Analysis, 2019
   14.3 Company Profiles (Details – Overview, Financials, Developments, Strategy)
      14.3.1 Arakawa Chemical Industries,Ltd.

      14.3.2 Aries Chemical, Inc.
      14.3.3 Finor Piplaj Chemical Limited
      14.3.4 Harima Chemicals Group, Inc.
      14.3.5 Kemira Oyj
      14.3.6 Pingyuan Xinda Chemical Co.,ltd.
      14.3.7 SEIKO PMC CORPORATION
      14.3.8 Shandong Tiancheng Chemical Co., Ltd.
      14.3.9 Solenis LLC
      14.3.10 Wilmar International Limited
Key Segments Covered
By Type
  • Wax
  • Emulsion
By Application
  • Printing and Writing Papers
  • Newsprint Papers
  • Paperboard
By Region
  • North America
    • U.S.
    • Canada
  • Europe
    • Germany
    • France
    • Italy
    • U.K.
    • Spain
    • Russia
    • Rest of Europe
  • Asia Pacific
    • China
    • Japan
    • South Korea
    • India
    • Australia
    • Rest of Asia Pacific (APAC)
  • Latin America
    • Brazil
    • Mexico
    • Rest of Latin America (LATAM)
  • Middle East & Africa (MEA)
    • GCC
    • South Africa
    • Rest of Middle East & Africa (MEA)
Key Market Players Profiled in the Report
  • Arakawa Chemical Industries,Ltd.
  • Aries Chemical, Inc.
  • Finor Piplaj Chemical Limited
  • Harima Chemicals Group, Inc.
  • Kemira Oyj
  • Pingyuan Xinda Chemical Co.,ltd.
  • SEIKO PMC CORPORATION
  • Shandong Tiancheng Chemical Co., Ltd.
  • Solenis LLC
  • Wilmar International Limited

Buy Report

FAQ Section

Some frequently asked quetions about this report!

Additional company profiles can be provided on request.

Yes, the report covers type specific information such as composition development etc.

According to this Growth Market Reports report, the market from Alkyl Ketene Dimer is likely to register a CAGR of 3.6% during forecast period 2020-2027, with an anticipated valuation of US$ 384.2 million by the end of the 2027.

In addition to market size (in US$ Million) and Company Market Share (in % for base year 2019), other data such as short term and long term outlook for Alkyl Ketene Dimer market is available in final report.

The rising consumer consciousness regarding sustainable packaging, rising demand for printing paper and writing paper, and stringent government regulations are expected to drive the market growth during forecast period.

Printing and writing papers and paperboard are the key applications that are driving the alkyl ketene dimer market.

Factors such as competitive strength and market positioning are key areas considered while selecting top companies to be profiled.

The market is expected to witness increment of over 2.1% between 2019 and 2020 owing to the negative impact of COVID-19 pandemic on the Alkyl Ketene Dimer market. The ongoing research of MMR for COVID-19 string is expected to grow the production Alkyl Ketene Dimer.

The base year considered for the global Alkyl Ketene Dimer market report is 2019. The complete analysis period is 2017 to 2027, wherein, 2017 & 2018 are the historic years and the forecast is provided from 2020 to 2027.

Major manufactures include, Kemira Oyj, Arakawa Chemical Industries,Ltd., SEIKO PMC CORPORATION, Wilmar International Limited, and Harima Chemicals Group, Inc.