Alkyl Ketene Dimers Market - Forecast(2023 - 2028)

Report Code: CMR 37178 Report Format: PDF + Excel

Alkyl Ketene Dimers Market Overview

The Alkyl Ketene Dimers Market size is forecast to reach US$420 million by 2027 after growing at a CAGR of 3.2% during the forecast period 2022-2027. Alkyl ketene dimers industry uses organic compounds of alkyl ketene that have the central structural element of propiolactone and diketene. The principal use of propiolactone in the global alkyl ketene dimers is that it is an intermediate in the synthesis of other chemical compounds. Structure of an alkyl ketene dimer (AKD), which have hydrophobicity derivative that is being used in paper, paperboard grades, paperboards, writing papers, newsprint and in ink-jet printing papers. The most common type of alkyl ketene is a waxy solid material which is being dispersed as small particles in a solution that contains a stabilizer. The stabilizer may be cationic starch or another cationic polyelectrolyte. A major factor driving of alkyl ketene dimers (AKD) is that of wax component which is being used in the paper industry for minimizing the detrimental impact of water contamination on environment and by facilitating the recycling of water during the paper production process. 

COVID-19 Impact

The COVID-19 pandemic has challenged the global alkyl ketene industry drastically in 2020. In comparison to other industries, global alkyl ketene market had a negative impact on overall growth. Since the beginning of 2020, the global economy has been experiencing a downturn with the outbreak of the COVID-19 pandemic. The outbreak of COVID-19 is anticipated to have a significant effect on production and distribution of paperboards. Governments of several countries have imposed strict lockdowns to curb the spread of the COVID-19 pandemic. Many manufacturing companies are either shut down or running low on production capacity. Decrease in industrial activities due to the pandemic has been adversely impacting the global alkyl ketene market. The decline is mainly due to economic slowdown across countries owing to the COVID-19 outbreak and the measures to contain it. Thus, the decrease in the demand for the paper industry is accounted to hamper the growth of global alkyl ketene industry

Report Coverage

The report: Alkyl Ketene Dimers Market Report – Forecast (“2022-2027”), by Industry ARC, covers an in-depth analysis of the following segments of the global alkyl ketene dimers Industry.

By Type: Wax, Emulsion, and Others.
By Grade: Technical Grade, Reagent Grade, and Chemical Grade.
By Form: Solid (Powder, Flakes, Granules) and Liquid.
By Packaging Type: Bags, Drums, and others.
By Application: Paperboard Grades, Paperboards, Writing Papers, Newsprint, Ink-jet printing papers and Others.
By Geography: North America (U.S, Canada, and Mexico), Europe (UK, France, Germany, Italy, Spain, Russia, Netherlands, Belgium, and Rest of Europe), APAC (China, Japan, India, South Korea, Australia, and New Zealand, Indonesia, Taiwan, Malaysia, and Rest of APAC), South America (Brazil, Argentina, Colombia, Chile, Rest of South America), and RoW (the Middle East and Africa).

Key Takeaways

  • The Alkyl Ketene Dimers Market is growing due to high demand for applications in paperboard grades, paperboards, writing papers, newsprint, ink-jet printing papers and others.
  • The Asia Pacific region holds a dominant market share in the global alkyl ketene dimers industry due to the high demand generating from paper mill industry. Thus, boosting the demand for alkyl ketene dimers in this region.
  • The demand for alkyl ketene dimers is increasing due to the wax component which is being used in the paper industry for minimizing the detrimental impact of water contamination on environment. Thus, it is expected to grow in the coming years.

Figure: Asia-Pacific Alkyl Ketene Market Revenue, 2021-2027 (US$ Million)

Alkyl Ketene Market

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Alkyl Ketene Dimers Market Segment Analysis- By Packaging Type

Drum held the largest share of over 46% in the Alkyl Ketene Dimers Market in 2021. The basic function of packaging materials is to protect the contents from contaminants, leakage and damage in the production, storage, transportation and selling processes, and to provide safety, convenience, and economic benefits. Bags and drums are the most commonly used packaging materials for alkyl ketene dimers in the global packaging market. Drums have the best packaging fabrication with barrier properties and provides excellent water resistance for global alkyl ketene dimers. Thus, use of drums in the packaging process, will continue to drive the market growth of global alkyl ketene dimers industry. 

Alkyl Ketene Dimers Market Segment Analysis- By Application

Newsprint held the largest share of over 27% in the global alkyl ketene market in 2021. The newspaper industry works to inform people about current events happening all around the world. Print media continues to be an attractive platform for image advertisers and premium segment readers in the global market. Most of the people have the habit of reading the newspaper by enjoying their morning drink. Newsprints can be segmented into magazines as well. Newsprint has proven its capability to act globally, while keeping in mind the importance of local dedicated teams to ensure high level of service and accuracy. According to International Energy Agency, it is expected that production of paper and paperboard will expand with 1.5% annually by 2030. Thus, use of global alkyl ketene market in the newsprint, will bolster the market growth for global alkyl ketene market in the forecast period. 

Alkyl Ketene Dimers Market Segment Analysis – By Geography

Asia Pacific dominated the global alkyl ketene market in 2021 with a market share of around 36%, followed by Europe and North America. In terms of consumption, Asia Pacific is the leading region in the global alkyl ketene market. The growing awareness on the impact of deforestation to the environment has led to paper manufacturing companies opting for alternative sources for paper production. Some of the major application in which global alkyl ketene is being used are paperboard grades, paperboards, writing papers, newsprint and ink-jet printing papers. Paper manufacturing companies are recycling paper products to save costs on raw material that in turn is helping companies in their environment conservation efforts. Also, biomass produced as a by-product from paper industry is enabling companies to generate electricity for manufacturing activities. Asia-Pacific is estimated to govern the market during the forecast period driven by the high growth from paper mill industry. Thus, rise in demand from Asia pacific regions will continue to drive market for global alkyl ketene industry.

Alkyl Ketene Dimers Market Drivers

Growing demand for alkyl ketene dimers wax

Alkyl ketene dimers (AKD) wax is used in the form of emulsion in the sizing of finer qualities of paper. In comparison to other acidic sizing agents, alkyl ketene dimers (AKD) wax aid in minimizing the machine breakdown and water recycling difficulties in the standard process of acidic paper manufacture. Alkyl ketene dimers (AKD) wax also reduces water absorption and enhances surface conditions of paper during a neutral paper manufacturing process. A major factor driving the usage of alkyl ketene dimers (AKD) wax in the paper industry is its significant role in minimizing the detrimental impact of water contamination on environment, by facilitating the recycling of water during the paper production process. According to Indian Paper Manufacturers Association (IPMA), newsprints recorded the exports of 3000 tonnes in 2020-2021. Thus, use of alkyl ketene dimers (AKD) wax for water absorption, will continue to drive the global market for alkyl ketene dimers.

Growing demand from paper industry

Emulsion is a highly efficient sizing chemical. It is specifically designed to enhance drainage and optimize sizing efficient in most paper making systems. Emulsion is uniquely formulated to work effectively in paper industry. These Emulsion provides excellent resistance to a wide variety of penetrates and react directly with cellulose to provide sizing. According to the Indian Paper Manufacturers Association (IPMA), paper & paperboard, corrugated and creped saw exports of 3000 tonnes and imports of 6000 tonnes in 2020-2021 in India. Thus, use of emulsion in paper industry, will continue to drive the market for alkyl ketene dimers industry. 

Alkyl Ketene Dimers Market Challenges

Impact of the Paper Industry on Environment

Paper is made from trees and the increasing demand for paper frequently raise the issues around deforestation. Thus, to save trees, various private and government organizations have been implemented several initiatives across the globe. The drastic changes in the climate condition owing to the increasing hazardous waste disposal is encouraging consumers to move toward digitization. The paper industry is witnessing lack of innovations, which in turn, acts as a restraining factor for the growth of the AKD market. This industry requires intensive capital investment to boost the development of advanced technology in the market. The rapid digitization across the globe has further persuaded the industry players to abstain from physical form of print which is hindering the market growth of the alkyl ketene dimers. Moreover, the rising price of pulp is creating challenges in the market growth of alkyl ketene dimers. Thus, strict government regulations are hampering the market growth for alkyl ketene dimers industry.

Alkyl Ketene Dimers Market Landscape

Product launches, acquisitions, and R&D activities are key strategies adopted by players in the market. Alkyl Ketene Dimers Market top 10 companies are:

  1. Yanzhou Tiancheng Chemical
  2. Finor Piplaj Chemicals
  3. Solenis
  4. ITC
  5. Plasmine Technology
  6. Vertellus
  7. SEIKO PMC CORPORATION
  8. BASF SE,
  9.  Brightgreen
  10.  Tiancheng

Recent Developments

  • In August 2021, ITC Paperboards pioneering Planet-friendly Initiatives in Specialised Packaging through innovative fibre-based solutions.
  • In Janurary 2020, Vertellus announced today it has acquired Bercen Chemicals, a leading U.S. supplier of alkyl succinic anhydrides and additives used in the fuel, lubricant, and paper industries.
  • In March 2020, Brightgreen has developed a new ‘paper bag’ product with super high fibre strength – strong enough to hold a four pack of beer bottles and cans it will help to reduce the dependence on plastic bags.

Relevant Reports

Report Code:  CMR 88621

Report Code: CMR 0458

Report Code: HCR 1216 

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1. Alkyl Ketene Dimers Market - Market Overview
    1.1 Definitions and Scope
2. Alkyl Ketene Dimers Market - Executive Summary
    2.1 Key Trends by Type
    2.2 Key Trends by Grade
    2.3 Key Trends by Form
    2.4 Key Trends by Packaging Type
    2.5 Key Trends by Application
    2.6 Key Trends by Geography
3. Alkyl Ketene Dimers Market – Comparative analysis
    3.1 Market Share Analysis- Major Companies
    3.2 Product Benchmarking- Major Companies
    3.3 Top 5 Financials Analysis
    3.4 Patent Analysis- Major Companies
    3.5 Pricing Analysis (ASPs will be provided)
4. Alkyl Ketene Dimers Market - Startup companies Scenario Premium Premium
    4.1 Major startup company analysis:
        4.1.1 Investment
        4.1.2 Revenue
        4.1.3 Product portfolio
        4.1.4 Venture Capital and Funding Scenario
5. Alkyl Ketene Dimers Market – Industry Market Entry Scenario Premium Premium
    5.1 Regulatory Framework Overview
    5.2 New Business and Ease of Doing Business Index
    5.3 Successful Venture Profiles
    5.4 Customer Analysis – Major companies
6. Alkyl Ketene Dimers Market - Market Forces
    6.1 Market Drivers
    6.2 Market Constraints
    6.3 Porters Five Force Model
        6.3.1 Bargaining Power of Suppliers
        6.3.2 Bargaining Powers of Buyers
        6.3.3 Threat of New Entrants
        6.3.4 Competitive Rivalry
        6.3.5 Threat of Substitutes
7. Alkyl Ketene Dimers Market – Strategic Analysis
    7.1 Value/Supply Chain Analysis
    7.2 Opportunity Analysis
    7.3 Product/Market Life Cycle
    7.4 Distributor Analysis – Major Companies
8. Alkyl Ketene Dimers Market – By Type (Market Size -$Million/Billion)
    8.1 Wax
    8.2 Emulsion
    8.3 Others
9. Alkyl Ketene Dimers Market – By Grade (Market Size -$Million/Billion)
    9.1 Technical Grade
    9.2 Reagent Grade
    9.3 Chemical Grade
10. Alkyl Ketene Dimers Market – By Form (Market Size -$Million/Billion)
    10.1 Solid
        10.1.1 Powder
        10.1.2 Flakes
        10.1.3 Granules
    10.2 Liquid
11. Alkyl Ketene Dimers Market – By Packaging Type (Market Size -$Million/Billion)
    11.1 Bag
    11.2 Drum
    11.3 Others
12. Alkyl Ketene Dimers Market – By Application (Market Size -$Million/Billion)
    12.1 Paperboard Grades
    12.2 Paperboards
    12.3 Writing Papers
    12.4 Newsprint
    12.5 Ink-jet printing papers
    12.6 Others
13. Alkyl Ketene Dimers Market - By Geography (Market Size -$Million/Billion)
    13.1 North America
        13.1.1 USA
        13.1.2 Canada
        13.1.3 Mexico
    13.2 Europe
        13.2.1 UK
        13.2.2 Germany
        13.2.3 France
        13.2.4 Italy
        13.2.5 Netherlands
        13.2.6 Spain
        13.2.7 Russia
        13.2.8 Belgium
        13.2.9 Rest of Europe
    13.3 Asia-Pacific
        13.3.1 China
        13.3.2 Japan
        13.3.3 India
        13.3.4 South Korea
        13.3.5 Australia and New Zeeland
        13.3.6 Indonesia
        13.3.7 Taiwan
        13.3.8 Malaysia
        13.3.9 Rest of APAC
    13.4 South America
        13.4.1 Brazil
        13.4.2 Argentina
        13.4.3 Colombia
        13.4.4 Chile
        13.4.5 Rest of South America
    13.5 Rest of the World
        13.5.1 Middle East
        13.5.2 Africa
14. Alkyl Ketene Dimers Market – Entropy
    14.1 New Product Launches
    14.2 M&As, Collaborations, JVs and Partnerships
15. Alkyl Ketene Dimers Market – Industry/Competition Segment Analysis Premium
    15.1 Company Benchmarking Matrix – Major Companies
    15.2 Market Share at Global Level - Major companies
    15.3 Market Share by Key Region - Major companies
    15.4 Market Share by Key Country - Major companies
    15.5 Market Share by Key Product Type/Product category - Major companies
16. Alkyl Ketene Dimers Market – Key Company List by Country Premium Premium
17. Alkyl Ketene Dimers Market Company Analysis - Business Overview, Product Portfolio, Financials, and Developments
    17.1 Company 1
    17.2 Company 2
    17.3 Company 3
    17.4 Company 4
    17.5 Company 5
    17.6 Company 6
    17.7 Company 7
    17.8 Company 8
    17.9 Company 9
    17.10 Company 10 and more
"*Financials would be provided on a best effort basis for private companies"     

LIST OF TABLES

1.Global Alkyl Ketene Dimers Market, by Type Market 2019-2024 ($M)
2.Global Alkyl Ketene Dimers Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
3.Global Alkyl Ketene Dimers Market, by Type Market 2019-2024 (Volume/Units)
4.Global Alkyl Ketene Dimers Market Analysis and Forecast by Type and Application Market 2019-2024 (Volume/Units)
5.North America Alkyl Ketene Dimers Market, by Type Market 2019-2024 ($M)
6.North America Alkyl Ketene Dimers Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
7.South America Alkyl Ketene Dimers Market, by Type Market 2019-2024 ($M)
8.South America Alkyl Ketene Dimers Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
9.Europe Alkyl Ketene Dimers Market, by Type Market 2019-2024 ($M)
10.Europe Alkyl Ketene Dimers Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
11.APAC Alkyl Ketene Dimers Market, by Type Market 2019-2024 ($M)
12.APAC Alkyl Ketene Dimers Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)
13.MENA Alkyl Ketene Dimers Market, by Type Market 2019-2024 ($M)
14.MENA Alkyl Ketene Dimers Market Analysis and Forecast by Type and Application Market 2019-2024 ($M)

LIST OF FIGURES

1.US Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
2.Canada Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
3.Mexico Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
4.Brazil Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
5.Argentina Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
6.Peru Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
7.Colombia Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
8.Chile Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
9.Rest of South America Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
10.UK Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
11.Germany Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
12.France Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
13.Italy Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
14.Spain Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
15.Rest of Europe Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
16.China Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
17.India Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
18.Japan Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
19.South Korea Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
20.South Africa Global Alkyl Ketene Dimers Industry Market Revenue, 2019-2024 ($M)
21.North America Global Alkyl Ketene Dimers Industry By Application
22.South America Global Alkyl Ketene Dimers Industry By Application
23.Europe Global Alkyl Ketene Dimers Industry By Application
24.APAC Global Alkyl Ketene Dimers Industry By Application
25.MENA Global Alkyl Ketene Dimers Industry By Application