The global demand for Polyaryletherketone Market is presumed to reach the market size of nearly USD 2066.34 MN by 2030 from USD 1108.14 MN in 2022 with a CAGR of 8.1% under the study period of 2023 - 2030. Regarding volume, the market was calculated XX Tons in 2022 and forecast to touch XX Tons by 2030 with a CAGR of XX% during 2023-2030.
Polyaryletherketone (PAEKs) are a thermoplastic used in interior aviation with excellent temperature stability, mechanical strength, and chemical resistance. Polyaryletherketone releases the least toxic and corrosive fumes when burned. Polyaryletherketone is used widely in oil drilling components, including seals, compressor rings, valve parts, gears, bearings, and wire coatings. And because of its high-temperature resistance, stress and corrosion-resistant features, it is also used in the chemical pump industry. Polyaryletherketone is widely used for substituting metals, composites, and polymers because of its excellent properties.
Market Dynamics
The increasing usage of polyether ether ketone (PEEK) in the aerospace industry as a polymer with high glass transition temperature is expected to fuel the market demand. However, the increasing prices of the product are expected to impede the growth of the polyaryletherketone (PAEK) market. Moreover, the wide usage in medical implants and surgical instruments as they offer good chemical resistance, high-temperature tenacity, and excellent biostability makes them a favourable choice for medical devices. It is expected to drive the demand for polyaryletherketone in the upcoming years. In addition to this, the supportive government policies also accelerate the market's growth.
The 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 polyaryletherketone. The growth and trends of Polyaryletherketone Industry provide a holistic approach to this study.
Market Segmentation
This section of the polyaryletherketone market report provides detailed data on the segments by analyzing them 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
By Application
- Automotive
- Industrial And General Engineering
- Aerospace
- Electrical & Electronics
- Medical
- Others
Regional Analysis
This section covers the regional outlook, which accentuates current and future demand for the Polyaryletherketone 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 Polyaryletherketone 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 polyaryletherketone market include Victrex Plc, Solvay S.A., Arkema Group, JK Overseas, Quadrant AG, Gharda Chemicals Ltd., and Evonik Industries AG. 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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