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) - Global Industry Analysis, Growth, Share, Size, Trends, and Forecast 2020 – 2027
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.
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.
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.
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.
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
Video Summary for Alkyl Ketene Dimer (AKD) Market :
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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