The global demand for Aromatic Ketone Polymers Market is presumed to reach the market size of nearly USD 1.96 MN by 2028 from USD 1.03 MN in 2021 with a CAGR of 9.6% under the study period 2022 - 2028.
Aromatic ketone polymers are also known as poly aryl ether ketones, abbreviated as PAEKs. These polymers are a type of high-performance polymer made up of aromatic ketones. These polymers are called high-performance polymers due to various properties such as excellent temperature performance, inherent purity, stiffness and enhanced strength. They are used in different industries, including automotive, coating, adhesives, textile, pesticide, etc.
Market Dynamics
The global aromatic ketone polymers market is projected to be rapid-paced during the forecast period. The increased demand for high-performance polymers is one of the primary factors for market growth. Moreover, rising demand from the automotive industry due to increased spending of the middle-income group on vehicles is driving market growth. The use of aromatic ketone polymers in various applications where high-temperature resistance is necessary drives the market growth. Along with this, the key driver of the aromatic ketone polymers market is fuel efficiency and affordable manufacturing. Furthermore, strict emission norms laid down by governmental and environmental agencies are slated to bolster the aromatic ketone polymers market demand over the forecast period.
The research report covers Porter's Five Forces Model, Market Attractiveness Analysis, and Value Chain analysis. These tools help to get a clear picture of the industry's structure and evaluate the competition attractiveness at a global level. Additionally, these tools also give an inclusive assessment of each segment in the global market of aromatic ketone polymers. The growth and trends of aromatic ketone polymers industry provide a holistic approach to this study.
Market Segmentation
This section of the aromatic ketone polymers market report provides detailed data on the segments at country and regional level, thereby assisting the strategist in identifying the target demographics for the respective product or services with the upcoming opportunities.
By Type
- PEEK (Polyether Ether Ketone)
- PEKK (Polyetherketoneketone)
- PEK (Polyetherketone)
By Application
- Automotive
- Coating
- Adhesives
- Textile
- Pesticide
- Other
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Aromatic Ketone Polymers market across North America, Europe, Asia-Pacific, Latin America, and Middle East & Africa. Further, the report focuses on demand, estimation, and forecast for individual application segments across all the prominent regions.
Global Aromatic Ketone Polymers Market Share by Region (Representative Graph)
The research report also covers the comprehensive profiles of the key players in the market and an in-depth view of the competitive landscape worldwide. The major players in the aromatic ketone polymers market include Evonik, Solvay, Victrex, Ensinger, SABIC, GEHR Plastics. This section consists of a holistic view of the competitive landscape that includes various strategic developments such as key mergers & acquisitions, future capacities, partnerships, financial overviews, collaborations, new product developments, new product launches, and other developments.
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