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Alkyl Ketene Dimers (AKD) Wax Market: Global Opportunity Analysis and Industry Forecast, 2020-2027

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Sep 2020 | 59 Views
 
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Alkyl Ketene Dimers (AKD) Wax Market Analysis 2020-2027:

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.

 

Market scope and structure analysis:

                Report Metric

                                        Details

  Market size available for years

  2019–2027

  Base year considered

  2019

  Forecast period

  2020–2027

  Forecast unit

  Value (USD)

  Segments covered

  Type, Application

  Regions covered

North America (the U.S. and Canada), Europe (Germany, the UK, France, and rest of Europe), Asia-Pacific (China, Japan, India, and rest of Asia-Pacific), Latin America (Brazil, Mexico, and rest of LATAM), and the Middle East and Africa

  Companies covered

BASF SE, Kemira, Yangzhou Tiancheng Chemical, Amazon Papyrus Chemicals Limited, Wuxi Larsen Chemicals, Anhui Jinao Chemical, Weifang Greatland Chemicals, Shanghai Richem International, Go Yen Chemical Industrial, and Haiyang Industry

 

By Type

  • Direct Sales
  • Indirect Sales

By Application

  • Printing and Writing Papers
  • Paperboards
  • Newsprint
  • Other

COVID–19 scenario analysis

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. 

Market scenario analysis

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.

Regional insights

Based on regions, the global AKD wax market can be classified into North America, Latin America, Asia-Pacific, Europe, and Middle East & Africa. Asia-Pacific consists of market leaders of the AKD wax market due to rise in industrialization in emerging economies such as China and India. North America and Europe are also expected to grow significantly due to rise in demand for the paper packing and e-retailer sectors across the regions.

Key benefits of the report:

  • This study presents the analytical depiction of the alkyl ketene dimers wax market along with the current trends and future estimations to determine the imminent investment pockets.
  • The report presents information related to key drivers, restraints, and opportunities along with detailed analysis of the alkyl ketene dimers wax market share.
  • The current market is quantitatively analyzed from 2020 to 2027 to highlight the alkyl ketene dimers wax market growth scenario.
  • Porter’s five forces analysis illustrates the potency of buyers & suppliers in the market. 
  • The report provides a detailed analysis based on competitive intensity and how the competition will take shape in coming years. 

Questions answered in the alkyl ketene dimers wax market research report:

  • Which are the leading market players active in the market?
  • What are the current trends that will influence the market in the next few years?
  • What are the driving factors, restraints, and opportunities of the market?
  • What are the projections for the future that would help in taking further strategic steps?
 
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