The alkyl ketene dimer market comprises products that are used as sizing agents during paper manufacturing. Alkyl ketene dimer is known to impart grease-resistance and strength to paper and enhance its printability, writing quality and surface properties. It is commonly utilized in the production of greaseproof papers that find extensive usage in food packaging applications such as paper plates, food wrappers and bakery products.
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 Opportunity:
Growing consumption of packaged and processed foods is expected to augment the demand for greaseproof paper, thereby driving the alkyl ketene dimer market. Greaseproof paper accounts for nearly 85% of the total alkyl ketene dimer consumption in the paper industry. Rising focus on food safety and hygiene along with the increasing popularity of on-the-go eating habits has propelled the sales of packaged foods in recent years. Further, the burgeoning fast food chains catering to the growing working population also contribute substantially to the rising usage of greaseproof paper wrappers and boxes. Therefore, the exponential growth of the food packaging sector creates lucrative opportunities for alkyl ketene dimer manufacturers over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is low as setting up a manufacturing plant requires large capital investments and R&D. There are also well-established brands in the market.
Bargaining power of buyers: The bargaining power of buyers is moderate as there are many established players providing substitutes. However, switching costs are low.
Bargaining power of suppliers: The bargaining power of suppliers is high as raw materials like fatty alcohols and amines have few suppliers and supply fluctuations can impact operations.
Threat of new substitutes: The threat of substitutes is moderate as other paper chemicals and flocculants provide substitutes but have different properties.
Competitive rivalry: The competitive rivalry is high due to many global and regional players competing on price and quality.
SWOT Analysis
Strength: Alkyl ketene dimers offer superior performance as sizing and drainage agents. They provide good strength and absorbency to paper.
Weakness: Fluctuations in raw material prices impact the overall costs. Environmental regulations regarding discharges are increasingly stringent.
Opportunity: Growing demand for paper chemicals from developing markets of Asia Pacific and South America provides new areas for expansion.
Threats: Substitute chemicals pose competition. Economic slowdowns can impact the paper industry and demand for sizing chemicals.
Key Takeaways
The Global Alkyl Ketene Dimer Market Size is expected to witness high growth over the forecast period of 2023 to 2030. 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.
Regional analysis: The Asia Pacific region is the fastest growing as well as the largest market for alkyl ketene dimers. Countries like China, India, Japan, and South Korea dominate pulp and paper production in this region. Expanding manufacturing sectors and rising incomes are increasing paper consumption which is scaling up the demand for alkyl ketene dimers.
Key players: Key players operating in the alkyl ketene dimer 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 industry leaders are focusing on expansions and new product launches to consolidate their position.
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Feb 20, 2020: The analysts forecast the global alkyl ketene dimer market to exhibit a CAGR of 5.34% during the period 2019-2024.
The report covers the present scenario and the growth prospects of the global alkyl ketene dimer for 2019-2024.
To calculate the market size, the report considers the alkyl ketene dimer sales volume and revenue.The projections featured in the report have been derived using proven research methodologies and assumptions.
By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: regional markets and applications.Geographically, the global alkyl ketene dimer market is segmented into North America, Asia Pacific, Europe, Middle East & Africa and South America.
This report forecasts revenue growth at a global, regional & country level, and provides an analysis of the market trends in each of the sub-segments from 2019 to 2024.- North America (U.S., Canada, Mexico, etc.
)- Asia-Pacific (China, Japan, India, Korea, Australia, Indonesia, Taiwan, Thailand, etc.
The research report includes specific segments by region (country), by company, by Type and by Application.
This study provides information about the sales and revenue during the historic and forecasted period of 2015 to 2026.
Understanding the segments helps in identifying the importance of different factors that aid the market growth.Download FREE Sample of this Report @ https://www.24chemicalresearch.com/download-sample/57978/global-alkyl-ketene-dimer-2020-223Segment by Type, the Alkyl Ketene Dimer(CAS 144245-85-2) market is segmented into:BlockyFlakySegment by Application:Paper ChemicalOtherGlobal Alkyl Ketene Dimer(CAS 144245-85-2) Market: Regional AnalysisThe Alkyl Ketene Dimer(CAS 144245-85-2) market is analysed and market size information is provided by regions (countries).
The report includes country-wise and region-wise market size for the period 2015-2026.
It also includes market size and forecast by Type and by Application segment in terms of sales and revenue for the period 2015-2026.The key regions covered in the Alkyl Ketene Dimer(CAS 144245-85-2) market report are:North AmericaU.S.CanadaEuropeGermanyFranceU.K.ItalyRussiaAsia-PacificChinaJapanSouth KoreaIndiaAustraliaTaiwanIndonesiaThailandMalaysiaPhilippinesVietnamLatin AmericaMexicoBrazilArgentinaMiddle East & AfricaTurkeySaudi ArabiaU.A.EGlobal Alkyl Ketene Dimer(CAS 144245-85-2) Market: Competitive AnalysisThis section of the report identifies various key manufacturers of the market.
It helps the reader understand the strategies and collaborations that players are focusing on combat competition in the market.
