WAX and Emulsion are two different forms of alkyl ketene dimer (AKD). AKD Wax is a flexible chemical that readily combines with molecules that contain hydrogen atoms in their structural make-up to generate a water-repellent adduct. AKD is an excellent size for a variety of cellulosic materials, particularly paper. The most extensively used reaction sizing agent in the manufacturing of high-quality printing paper is alkyl ketene dimer (AKD). The substantial role of alkyl ketene dimer (AKD) wax in minimizing the impact of water contamination on the environment cycling water throughout the paper production process is a primary factor driving its use in the paper industry.
Market Dynamics
The rise in demand and expansion of the packing industry is also expected to fuel demand for AKD wax over the forecast period. Multiple packing companies are shifting from plastic to paper packing, due to various environmental concerns, which is further expected to drive the paper industry growth. Hence, AKD wax is widely used in paper industry for packaging. Therefore, alkyl ketene dimers (AKD) market also expected to grow.
As a lot of industries are switching towards a greener future, hence cellulose-based packaging is becoming popular. Rising initiatives by several regions in terms of transforming the countries into green, is expected to drive the global alkyl ketene dimers (AKD) market growth. For instance, according to data published by the Organization for Economic Co-operation and Development, an intergovernmental economic organization, in October 2020, the European Green Deal, as proposed by the European Commission (EC) at the end of 2019, is a new growth strategy that aims to transform Europe into a fair and prosperous society, with a modern, resource-efficient, and competitive economy, where there are no net emissions of greenhouse gases in 2050.
Increasing awareness among people about environmental concerns has decreased the demand for paper. Thus, declining demand for paper is expected to hamper the global alkyl ketene dimer market growth during the forecast period.
Key features of the study:
Detailed Segmentation:
“*” marked represents similar segmentation in other categories in the respective section.
Table of Contents
* Browse 16 market data tables* and 16 figures* on "Global Alkyl Ketene Dimer (AKD) Market” - Forecast to 2030.
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