by Alkyl Ketene Dimer are used for coating paper during its manufacturing process, in order to improve the surface properties of paper and enhance its printability. Some key properties improved through paper coating are gloss, smoothness, whiteness and ink absorption. Commonly used Alkyl Ketene Dimer include styrene-butadiene latex, acrylic latex, polyvinyl alcohol and others. These binder provides excellent binding properties, superior uniformity and coverage to the coated paper. The Alkyl Ketene Dimer market has witnessed significant growth in recent years with the rapid expansion of the printing industry. Changing lifestyle and rising literacy rates have increased the demand for printed materials like magazines, brochures, pamphlets and books. Further, growing e-commerce has augmented the need for effective packaging solutions.
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 key trends:
One of the key trends witnessed in the Alkyl Ketene Dimer market is the growing popularity of sustainable and eco-friendly binders. With rising environmental concerns, manufacturers are focusing on developing binders from renewable resources with lower volatile organic compound (VOC) emissions. Bio-based or plant-derived binders like soybean-oil based, starch-based and carrageenan offer compelling advantages over traditional petroleum-derived binders. They have lower toxicity, bio-degradable nature and negligible VOC emissions. Leading players have introduced product lines of bio-based Alkyl Ketene Dimer using agricultural byproducts and crops. For instance, Arakawa Chemical Industries offers Alkyl Ketene Dimer manufactured from plant-derived materials like corn and guar gum under the trade name of Betamine. Such green coating solutions are gaining traction among paper producers aiming to reduce their carbon footprint.
Porter’s Analysis
Threat of new entrants: The alkyl ketene dimer market requires high capital investments for advanced manufacturing facilities and R&D. Additionally, established players hold significant market share minimizing threats from new entrants.
Bargaining power of buyers: Buyers have moderate bargaining power due to the availability of substitutes. However, established usage of alkyl ketene dimer in different applications provides some stability.
Bargaining power of suppliers: A few manufacturers globally produce alkyl ketene dimer providing them higher bargaining power. Suppliers can influence prices.
Threat of new substitutes: Substitutes including polyacrylamides and hydrotropes pose threats. However, alkyl ketene dimer remains the chemical of choice for its effectiveness.
Competitive rivalry: The market has major global players competing on pricing and quality. Innovation is key to gain market share in this competitive environment.
Key Takeaways
The Global Alkyl Ketene Dimer Market Size is expected to witness high growth over the forecast period supported by increasing demand from the paper Industry. 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.
Asia Pacific dominates the alkyl ketene dimer market and is expected to grow the fastest between 2023-2030 supported by high paper production in China and India. Established paper industries and growing need for advanced solutions will drive the European market.
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. Kemira Oyj, Oleon NV and Plasmine Technology Inc. are focusing on expanding their production capacity and product portfolio through strategic partnerships.
About Author - Money Singh
Money Singh is a seasoned content writer with over four years of experience in the market research sector. Her expertise spans various industries, including food and beverages, biotechnology, chemicals and materials, defense and aerospace, consumer goods, etc. LinkedIn Profile
