Alkyl Ketene Dimer Market
The alkyl ketene dimer market is estimated to be valued at USD 357.6 Mn in 2024, exhibiting a compound annual growth rate (CAGR) of 4.9% from 2024 to 2031. Alkyl ketene dimer is a wax product used primarily in the paper industry as a sizing agent. alkyl ketene dimer (AKD) reacts with cellulose fibers to form a water-resistant skin on the paper surface, thereby increasing the paper's resistance to the penetration and absorption of water and oils. It is commonly applied to paper during manufacturing either by spraying or surface application. As the global paper industry has been growing steadily with rising demand for various paper products, the market for AKD as a vital sizing agent has also witnessed continual expansion over the years.
Market Dynamics:
The global AKD market has been witnessing positive growth based on increasing paper production worldwide. Rising paper consumption for packaging, printing, and writing purposes among others is driving higher utilization of AKD to enhance the quality of paper products. However, stringent environmental regulations regarding emissions from AKD manufacturing plants pose a challenge for industry players. At the same time, developing regions with growing industrialization and improving living standards are presenting new opportunities. Additionally, the emerging application of AKD as a surface protecting agent in other industries like textiles is creating new avenues for market participants.
Key Features of the Study:
Detailed Segmentation-
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