AKD Emulsifier Market Forecast and CAGR
According to the latest research by Fact.MR, AKD emulsifier market is set to witness healthy growth, registering a CAGR of 4.8% for the period of 2021-2031. 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 of sustainable packaging, the market for this product is set to grow at a steady rate.
What is Driving Demand for AKD Emulsifier?
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 of the countries imposing prohibitions or limitations on plastic packaging materials has 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 cardboards for product packaging is driving the market to a great extent.
Food Grade Packging Projected to Augment AKD Emulsifier sales
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, 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.
U.S and Canada AKD Emulsifier Market Outlook
The U.S. 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 take-away of food parcels is at a highly mature stage in the region and there is 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
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East Asia AKD Emulsifier Market Outlook
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 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.
Europe AKD Emulsifier Market Outlook
The use of paper and paper backed materials for packaging of various end use products is already widespread in the region. Rising awareness among people as well as benefits of paper like it being inexpensive, lightweight and degradable has brought the product in demand. This also gives rise to a need of good quality and cost effective paper production, wherein the use of AKD comes emulsions. These emulsifiers control the quality of paper, hence playing a key role in production process.
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Who are the Key Manufacturers and Suppliers of AKD Emulsifier?
Some of the leading manufacturers and suppliers of colloidal alumina include, DIC Corporation (Japan), Dow Chemical Company (US), BASF SE (Germany), Arkema Group (France), Celanese Corporation (US), Trinseo (US), The Lubrizol Corporation (US), Wacker Chemie AG (Germany), Synthomer Plc (UK), and Asahi Kasei Corporation (Japan).
Key players are looking to establish 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.
AKD Emulsifier Market Report Highlights:
- Detailed overview of parent market
- Changing market dynamics in the industry
- In-depth market segmentation
- Historical, current and projected market size in terms of volume and value
- Recent industry trends and developments
- Competitive landscape
- Strategies of key players and products offered
- Potential and niche segments, geographical regions exhibiting promising growth
- A neutral perspective on market performance
- Must-have information for market players to sustain and enhance their market footprint
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By End Use Industry
- North America
- Latin America
- Rest of Latin America
- Rest of Europe
- East Asia
- South Korea
- South Asia Pacific
- ASEAN Countries
- Rest of South Asia Pacific
- Middle East and Africa
- GCC Countries
- Northern Africa
- South Africa
- Rest of MEA
The AKD Emulsifier report is a compilation of first-hand information, qualitative and quantitative assessment by industry analysts, inputs from industry experts and industry participants across the value chain. The report provides in-depth analysis of parent market trends, macro-economic 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.