Report Code: A07384 | Nov 2023 | Pages: NA | ||
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Pandemic disrupted the entire world and affected many industries.
Get detailed COVID-19 impact analysis on the Alkyl Ketene Dimers (akd) Wax Market
Request Now !Alkyl ketene dimers (AKD) wax is a fiber-reactive nuclear-sizing agent used in the paper industry. AKD used for papermaking sizing agent must be made into an emulsion, which is white and can be hydrolyzed easily. Sizing papers with AKD wax emulsion helps in water resistance by simultaneously controlling its printing properties. Hydrolysis of AKD wax takes place based on conversion into ketone form of the compound, which occurs during drying of paper at a high temperature. Moreover, use of AKD wax in the manufacture of any type of paper optimizes surface hydrophobicity, absorption of liquids, writability, printability, dimensional stability, and runnability of the machine. Traditional application of AKD wax in the paper industry involves many difficult steps, including emulsification and mixing of the emulsified AKD wax with an aqueous mixture that contains fibers, cellulosic fibers, mineral particles, and other chemical agents. Further, development in the paper industry is expected to boost the demand for alkyl ketene dimers wax over the forecast period.
The coronavirus pandemic has a negative effect on the consumers buying power. The demand for consumer goods has reduced significantly, which, in turn, reduced the demand for the packaging industry. Supply chain disruptions have also reduced the demand for the paper packing industry. Moreover, import and export activities have been reduced drastically due to various international transport restrictions. China, one of the major exporters of consumer goods, has stopped its export operations. This further reduced the demand for the packaging industry, thereby reducing the demand for AKD wax over the forecast period.Â
A major factor that increases the usage of AKD wax in the paper industry is its significant role to minimize the impact of water contamination on environment by recycling of water during the paper production process. Moreover, rapid industrialization coupled with growth in population is expected to increase the demand for the paper industry. Various regional and local players of the global AKD wax market are highly competitive. The rise in demand and expansion of the packing industry also fuel the demand for AKD wax over the forecast period. Various environmental concerns force packing companies to shift from plastic to paper packing, which is further expected to propel the paper industry. Therefore, this factor is expected to increase the demand for AKD wax.
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Alkyl Ketene Dimers Report Highlights
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Key Market Players | Kemira, Wuxi Larsen Chemicals, Amazon Papyrus Chemicals Limited, Yangzhou Tiancheng Chemical, Weifang Greatland Chemicals, Haiyang Industry, Anhui Jinao Chemical, Go Yen Chemical Industrial, BASF SE, Shanghai Richem International |
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