The Global Alkyl Ketene Dimer Market is Estimated to Reach US$ 309.87 Mn in 2021 and is Expected to Exhibit a CAGR of 4.9% over the Forecast Period 2022-2030

Market Overview

The global Alkyl Ketene Dimer market is experiencing steady growth and is estimated to reach US$ 309.87 Mn in 2021. It is expected to exhibit a CAGR of 4.9% over the forecast period 2022-2030, according to a new report published by Coherent Market Insights. The market is driven by the increasing demand for alkyl ketene dimer in the paper and pulp industry for sizing applications. Alkyl ketene dimer is widely used as an important sizing agent for paper manufacturing, as it improves the strength and water resistance of paper. However, the market growth is hindered by the availability of substitutes and the potential health risks associated with alkyl ketene dimer exposure.

Market Key Trends

One key trend observed in the Alkyl Ketene Dimer market is the increasing demand for sustainable paper products. With the growing environmental concerns, there is a rising preference for eco-friendly paper products among consumers. Alkyl ketene dimer offers a sustainable solution for sizing paper, as it can be easily recycled and has a lower environmental impact compared to other sizing agents. For instance, alkyl ketene dimer-based paper sizing agents are biodegradable and do not contribute to landfill waste. This trend towards sustainability is expected to drive the demand for alkyl ketene dimer in the paper and pulp industry.

Segment Analysis

The Alkyl Ketene Dimer market is segmented based on the application. The paper and pulp industry dominates the market segment due to the extensive use of alkyl ketene dimer as a sizing agent. Alkyl ketene dimer is widely used for surface sizing, which improves the strength and water resistance of paper. Paper sizing agents are essential for maintaining the quality and performance of paper products. Alkyl ketene dimer offers advantages such as high reactivity, good film-forming properties, and excellent water resistance, making it a preferred choice for paper sizing applications.

Key Takeaways

Market Size: The global Alkyl Ketene Dimer Market Growth  is expected to witness high growth, exhibiting a CAGR of 4.9% over the forecast period. This growth can be attributed to the increasing demand for alkyl ketene dimer in the paper and pulp industry for sizing applications. The rising preference for sustainable paper products is also expected to drive market growth.

Regional Analysis: North America is the fastest-growing and dominating region in the Alkyl Ketene Dimer market. This can be attributed to the presence of key players in the region and the increasing demand for sustainable paper products. Europe is also a significant market for alkyl ketene dimer, driven by the stringent regulations regarding environmental sustainability in the paper industry.

Key Players: Key players operating in the global Alkyl Ketene Dimer market include 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 players focus on product innovation, strategic collaborations, and mergers and acquisitions to gain a competitive edge in the market.

The global Alkyl Ketene Dimer market is expected to witness significant growth over the forecast period. The increasing demand for alkyl ketene dimer in the paper and pulp industry and the trend towards sustainable paper products are key drivers for market growth. The market is dominated by the paper and pulp segment, and North America is the fastest-growing region. Key players in the market are focusing on innovation and strategic partnerships to maintain their market position.