The global AKD emulsifier market is expected to register a CAGR of 5.9% from 2023 to 2033. As of 2023, a valuation of USD 9.41 billion is projected for the market, and will eventually garner a market value of USD 16.7 billion by 2033. The growth of the market can be attributed to:
| Data Points | Key Statistics |
|---|---|
| Expected Market Value (2023) | USD 9.41 billion |
| Projected Market Value (2033) | USD 16.7 billion |
| Growth Rate (2023 to 2033) | 5.9% CAGR |
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The North America AKD (Alkyl Ketene Dimer) emulsifier market is driven by the growing demand for paper and pulp products in the region. The United States and Canada are the major consumers of AKD emulsifiers in the region, with the United States being the largest market.
The demand for AKD emulsifiers in North America is driven by the growing consumption of paper-based products such as tissue paper, printing paper, and packaging materials. The region has a well-established packaging industry, which is one of the major consumers of paper-based products.
Moreover, the focus on sustainable and eco-friendly products is also driving the demand for AKD emulsifiers in the region. The increasing awareness about the environmental impact of traditional sizing agents used in the paper and pulp industry has led to a shift towards more sustainable options such as AKD emulsifiers.
Additionally, the presence of major players in the region is driving the growth of the AKD emulsifier market. Some of the key players in the North America AKD emulsifier market include Solenis LLC, Evonik Industries AG, Buckman Laboratories International Inc., and BASF SE.
Overall, the North America AKD emulsifier market is driven by the growth of the paper and pulp industry, the increasing focus on sustainable and eco-friendly products, and the presence of major players in the region.
One of the primary drivers of the AKD emulsifier market's future growth is the increasing demand for paper-based products. With the growing global population and increasing urbanization, the demand for tissue paper, printing paper, and packaging materials is expected to rise significantly. This will drive the demand for AKD emulsifiers as sizing agents in the paper and pulp industry.
Another driver of the future growth of the AKD emulsifier market is the increasing focus on sustainable and eco-friendly products. As consumers become more aware of the environmental impact of traditional sizing agents used in the paper and pulp industry, there is a shift towards more sustainable options such as AKD emulsifiers. This trend is expected to continue, driving the demand for AKD emulsifiers in the future.
Furthermore, the growth of the packaging industry is expected to drive the demand for AKD emulsifiers in the future. The demand for high-quality packaging materials that are water-resistant, durable, and excellent printability is expected to rise, leading to an increased demand for AKD emulsifiers.
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According to the latest research by Future Market Insights, the AKD emulsifier market is set to witness healthy growth, registering a CAGR of 4.8% for the period of 2021 to 2031. The market size is projected to cross a valuation of $2 billion by the end of the forecast period
Demand for this product will be witnessing an increase across all major regional markets. Due to the increasing requirement for sustainable packaging, the market for this product is set to grow at a steady rate.
A rise in the number of online shopping through e-commerce retailers, food chains, restaurants etc. has led to a significant rise in demand for good quality paper packaging. These paper bags are being used for food items, cosmetics, and many other consumer goods. In view of the COVID-19-related restrictions, e-commerce applications, and home delivery of products to avoid crowding at physical locations gained huge prominence.
Also, regulatory actions by many countries imposing prohibitions or limitations on plastic packaging materials have also fueled demand for paper packaging. AKD emulsifiers are used to emulsify Alkyl Ketene Dimer which acts as a stabilizing agent in the paper industry. Hence, the growing trend of using paper and paper-based cardboard for product packaging is driving the market to a great extent.
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Printing papers and paperboard are commonly used as packaging materials. Paper bags are used for packaging countless items that get delivered to customers and consumers like food items, cosmetics products, clothes as well as electronics products, and heavy retail products.
AKD emulsifiers are also required for the manufacturing of cartons & boxes. Paper packaging overpowering plastics for all end-use sectors including paper, cosmetics, electronics, food, etc. will drive the market. Of all the end uses for paper packaging, the food sector has emerged as a highly prominent market with vast new opportunities.
The special requirements concerning biocompatibility and non-toxicity of materials is well satisfied by paper materials and the spurt in online food ordering apps will further propel market growth.
The USA accounts for a substantial share of the overall market. Printing paper and writing paper are widely used and shall continue to be in use in the forecasted time period with printing paper finding its application in offset printing and laser imaging.
The consumption of fast food and quick takeaway of food parcels is at a highly mature stage in the region and there is a continuing demand for such applications. With the increasing trend of home deliveries of fast food, the demand for AKD emulsifiers will increase accordingly from the paper manufacturing sector.
An increase in the demand for the product is forecasted for nations in East Asia as well. In fact, emulsified AKD is the most widely used neutral sizing agent in China. There is increasing awareness among the general populace of the consequences of using plastic and also government regulators have started taking action regarding the same.
They have started to impose strict regulations and limitations on the use of plastic in all domains and industries. This ban is creating new opportunities in the paper-based industries and hence this will boost the production and usage of AKD emulsifiers for application in the paper industry.
The use of paper and paper-backed materials for packaging various end-use products is already widespread in the region. Rising awareness among people as well as the benefits of paper like it is inexpensive, lightweight, and degradable has brought the product in demand.
This also gives rise to a need for good quality and cost-effective paper production, wherein the use of AKD comes with emulsions. These emulsifiers control the quality of paper, hence playing a key role in the production process.
Some of the leading manufacturers and suppliers of colloidal alumina include
Key players are looking to establish a widespread footprint in high-opportunity markets such as East Asia. For example, Kemira has inaugurated new production lines have started producing and supplying all sorts of sizing agents including AKD in Mainland China, Taiwan, Japan, Vietnam, and other Asia-Pacific regions.
The AKD Emulsifier report is a compilation of first-hand information, qualitative and quantitative assessments by industry analysts, and inputs from industry experts and industry participants across the value chain. The report provides an in-depth analysis of parent market trends, macroeconomic indicators, and governing factors along with market attractiveness as per segments.
The report also maps the qualitative impact of various market factors on market segments and geographies.
1. Executive Summary 2. Industry Introduction, including Taxonomy and Market Definition 3. Market Trends and Success Factors, including Macro-economic Factors, Market Dynamics, and Recent Industry Developments 4. Global Market Demand Analysis and Forecast, including Historical Analysis and Future Projections 5. Pricing Analysis 6. Global Market Analysis and Forecast 6.1. Form 6.2. End Use Industry 7. Global Market Analysis and Forecast, By Form 7.1. Solid 7.2. Liquid 8. Global Market Analysis and Forecast, By End Use Industry 8.1. Cosmetics 8.2. Food 8.3. Pharmaceuticals 8.4. Others 9. Global Market Analysis and Forecast, By Region 9.1. North America 9.2. Latin America 9.3. Europe 9.4. South Asia & Pacific 9.5. East Asia 9.6. Middle East & Africa 10. North America Sales Analysis and Forecast, by Key Segments and Countries 11. Latin America Sales Analysis and Forecast, by Key Segments and Countries 12. Europe Sales Analysis and Forecast, by Key Segments and Countries 13. South Asia & Pacific Sales Analysis and Forecast, by Key Segments and Countries 14. East Asia Sales Analysis and Forecast, by Key Segments and Countries 15. Middle East & Africa Sales Analysis and Forecast, by Key Segments and Countries 16. Sales Forecast by Form and End Use Industry for 30 Countries 17. Competition Outlook, including Market Structure Analysis, Company Share Analysis by Key Players, and Competition Dashboard 18. Company Profile 18.1. DIC Corporation (Japan) 18.2. Dow Chemical Company (USA) 18.3. BASF SE (Germany) 18.4. Arkema Group (France) 18.5. Celanese Corporation (USA) 18.6. Trinseo (USA) 18.7. The Lubrizol Corporation (US) 18.8. Wacker Chemie AG (Germany) 18.9. Synthomer Plc (United Kingdom) 18.10. Asahi Kasei Corporation (Japan)
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AKD Emulsifier Market
