Global paper production and consumption growth is accelerating alkyl ketene dimer (AKD) market expansion. For instance, the International Energy Agency, an autonomous intergovernmental organisation with headquarters in Paris, reported in November 2021 that the production of paper and paperboard worldwide increased by 3% between 2010 and 2019. In addition, it is anticipated that production of paper and paperboard will increase 1.5% through 2030. Concern among consumers for environmentally friendly packaging has increased as people are becoming more conscious of issues like how it affects the planet's ecosystems. Paper is a common material for product packaging since it is affordable, lightweight, and biodegradable. As there are more and more e-retailers, there is a rising demand for paper and paperboards as packaging materials. This should fuel market expansion over the timeframe of the forecast.
A CAGR of 4.9% is anticipated for the projected period (2022-2030) for the global Alkyl Ketene Dimer (AKD) Market, which was valued at US$ 309.87 Mn in 2021 and is anticipated to reach US$ 477.13 Mn by 2030.
Key Companies in the Alkyl Ketene Dimer Industry:
1. Arakawa Chemical Industries,Ltd.: Paper chemicals, resins for printing inks, resins for adhesives/adhesives, and intermediates for electronic materials are all produced and sold by Arakawa Chemical Industries Ltd. It produces a variety of paper chemicals, such as sizing agents, water-repellents, paper surface-improving agents, paper strengthening agents, and other kinds of papers. Founded 1876. Head office in Japan.
2. Atlas Organics Private Limited: Headquarter of the United States. Built in 2014. Creator and operator of industrial composting systems for sustainable landscaping and agriculture. Municipalities can prevent compostable waste from going to landfills by using the company's composting facility to provide micro and macronutrients to the soil environment and provide microorganisms with a carbon source for healthy growth and root support. This enables them to produce organic compost. Seaspan announces that Poseidon Acquisition Corp. has successfully acquired Atlas as of 2023.
3. GO YEN Chemical Industrial Co., Ltd.: It was started in 1983. GYC has been actively involved in the Asian fine chemical industry for more than 40 years. GYC Group's guiding idea as a high tech chemical company is to use cutting edge technology and novel concepts to develop expansive product lines. Head office in Taiwan.
4. Haihang Industry: Based in Jinan, China, this company makes chemical and cosmetic ingredients. The company sells a variety of chemicals, including health and medicinal chemicals, basic organic chemicals, pigments and dyes, cosmetic raw materials, and food additives. Founded 1994. Head office in China.
5. Kemira Oyj: Built in 1920. Water-intensive businesses can benefit from the chemical solutions Kemira Oyj provides. To increase the product quality, process efficiency, and resource efficiency of its customers, the business offers the best-suited products and skills. It concentrates on the oil and gas, pulp and paper, and water treatment industries. Headquarters in Finland's Helsinki.
6. Longkou Longpai Fine Chemical Industry Co., Ltd.: Azolo organic pigments and water-based inks are the focus of the Longkou Union Chemical Co Ltd's research, development, manufacturing, and sales activities. Founded 2007. Head office in China.
Definition: Alkyl ketene dimer (AKD) is a water-insoluble solid with a melting temperature ranging between 40 and 60 °C.
