The global ketene market size is expected to witness potential gains in the future, and register a significant CAGR over the forecast period (2019 - 2027).

Market Overview

Ketene is an organic compound that contains the functional grouping C=C=O and is used in the manufacture of acetic anhydride and other industrial organic chemicals. Ketene is prepared by heating acetic acid or acetone to about 700 °C. This unstable compound is used as a reagent in various chemical processes. Ketene is useful for acetylating nucleophiles to make esters, amides, and other compounds that cannot easily be made with other reagents. Several types of ketenes exist including, carbon-substituted ketenes, nitrogen-substituted ketenes, halogen-substituted ketenes, and others.

Market Dynamics

Ketenes are used in production of various chemical compounds such as acetic anhydride and diketene and participate in various cycloadditions. These compounds also produce enol and ester. Ethyl acetoacetate can be prepared using a diketene in reaction with ethanol. The lactone dimers of long-chain monoalkylketenes are used as sizing agents for paper. Acetic anhydride is used as general adhesive and binding agent for a variety of and manufacturing acetyl compounds and cellulose acetates. Increasing demand for anhydride and diketene is expected to boost growth of the global ketene market. Acetic anhydride is used in pharmaceuticals, beverages, aromatics, and agrochemicals. Diketene finds application in manufacture of derivative such as amides and anilines for the paint and coatings and textile industry.

However, ketene is a toxic compound and an irritant. It may produce delayed respiratory damage. Moreover, acetic anhydride is banned in several countries as it is used as the major precursor for the production of heroin and is also used in the manufacture of improvised explosive devices (IEDs). These factors are expected to hinder growth of the market to some extent.         

Market Outlook

On the basis of region, the market is segmented into North America, Latin America, Europe, Asia Pacific, Middle East, and Africa. Asia Pacific is expected to be the fastest growing market over the forecast period. This is owing to growing end-use industries in the region such as pharmaceuticals, chemicals, and paints and coatings. Increasing demand for acetic anhydride and diketene from China and India is also expected to contribute to its market share. North America is expected to be the second fastest market over the forecast period. This is owing to increasing demand for pharmaceutical aromatics, cellulose acetate and pigments in the region. The U.S. is a major growth engine in the region. The market growth in Europe is expected to be adversely impacted by stringent regulations from Registration, Evaluation, Authorization and Restriction of Chemicals (REACH) and EU.

Key Players

Major players operating in the global ketene market include, Lonza Group, Kemira Oyj, and Daicel Corporation.

Key Developments:-

  • In 2014, Kamira announced to acquire BASFs’ global alkyl ketene dimer emulsion business. The acquisition aimed to strengthen the paper chemical product portfolio of BASF SE. Also, the acquisition would benefit Kamira in strengthening the product offering to the customers, particularly in European market.
  • In 2018, Kemira Oyj entered into partnership with Shandong Tiancheng Wanfeng Chemical Technology, a producer of alkyl ketene dimer wax based in China. The partnership aimed to strengthen the Kamiras’ market position in the pulp & paper industry.
  • In 2013, Kemira Oyj and Wilmar International Limited entered into joint venture through their subsidiaries to produce alkyl ketene dimer wax in China. This joint venture aimed to increase the offerings to the paper customers, worldwide.

Research Methodology

Coherent Market Insights followsa comprehensive research methodology focused on providing the most precise market analysis. The company leverages a data triangulation model which helps company to gauge the market dynamics and provide accurate estimates. Key components of the research methodologies followed for all our market reports include:

  • Primary Research (Trade Surveys and Experts Interviews)
  • Desk Research
  • Proprietor Data Analytics Model

In addition to this, Coherent Market Insights has access to a wide range of the regional and global reputed paid data bases, which helps the company to figure out the regional and global market trends and dynamics. The company analyses the industry from the 360 Degree Perspective i.e. from the Supply Side and Demand Side which enables us to provide granular details of the entire ecosystem for each study. Finally, a Top-Down approach and Bottom-Up approach is followed to arrive at ultimate research findings.

Data Triangulation Methodology | Coherent Market Insights

Coherent Market Insights desk research is based on a principle set of research techniques:

  • National level desk research: It Includes research analysis of regional players, regional regulatory bodies, regional trade associations, and regional organization.
  • Multinational level desk research: The research team keeps a track of multinational players, global regulatory bodies, global trade associations, and global organization.

Coherent Market Insights has a large amount of in-house repository of industry database. This is leveraged as a burner for initiating a new research study. Key secondary sources include:

  • Governmental bodies, National and international social welfare institutions, and organizations creating economic policies among others.
  • Trade association, National and international media and trade press.
  • Company Annual reports, SEC filings, Corporate Presentations, press release, news, and specification sheet of manufacturers, system integrators, brick and mortar - distributors and retailers, and third party online commerce players.
  • Scientific journals, and other technical magazines and whitepapers.

Market Analysis | Coherent Market Insights

Preliminary Data Mining

The raw data is obtained through the secondary findings, in house repositories, and trade surveys. It is then filtered to ensure that the relevant information including industry dynamics, trends, and outlook is retained for further research process.

Data Standardization

Holistic approach is used to ensure that the granular and uncommon parameters are taken into consideration to ensure accurate results. The information from the paid databases are further combined to the raw data in order to standardize it.

Coherent Statistical model

We arrive at our final research findings through simulation models. Coherent Data Analytics Model is a statistical tool that helps company to forecast market estimates. Few of the parameters considered as a part of the statistical model include:

  • Micro-economic indicators
  • Macro-economic indicators
  • Environmental indicators
  • Socio-political indicators
  • Technology indicators

Data Processing

Once the findings are derived from the statistical model, large volume of data is process to confirm accurate research results. Data analytics and processing tools are adopted to process large chunk of collected informative data. In case, a client customizes the study during the process, the research finding till then are benchmarked, and the process for new research requirement is initiated again.

Data Validation

This is the most crucial stage of the research process. Primary Interviews are conducted to validate the data and analysis. This helps in achieving the following purposes:

  • It provides first-hand information on the market dynamics, outlook, and growth parameters.
  • Industry experts validates the estimates which helps the company to cement the on-going research study.
  • Primary research includes online surveys, face-to face interviews, and telephonic interviews.

The primary research is conducted with the ecosystem players including, but not limited to:

  • Raw Material Suppliers
  • Manufacturers
  • System Integrators
  • Distributors
  • End-users