Industry Press Releases

Global Aromatic Ketone Polymers Market Driven by the Rise in Demand for High-performance Polymers, Reports Technavio

Saturday, Apr 22, 2017

According to the latest market study released by Technavio, the global aromatic ketone polymers market is projected to grow to USD 933.58 million by 2021, at a CAGR of nearly 10% over the forecast period.

This research report titled ‘Global Aromatic Ketone Polymers (AKPs) Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
Aromatic ketone polymers (AKPs) are a group of aromatic polymers that have ketonic carbonyl groups as the major linkage in the polymer chain. The increasing demand for high-performance polymers to be used in applications requiring high-temperature resistance is acting as a key factor driving the growth of the global AKP market.

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Based on the product type, the report categorizes the global aromatic ketone polymers market into the following segments:

•    Polyether ether ketone (PEEK)
•    Polyetherketone ketone (PEKK)
•    Polyetherketone (PEK)

Polyether ether ketone (PEEK)

“Polyether ether ketones occupied a dominant 82% of the global AKP market in 2016, and their share is expected to increase over the forecast period. The exceptional melt processability of these products is driving the dominance of the market segment,” says Ajay Adikari, a lead analyst at Technavio for plastics, polymers, and elastomers research.

PEEK is in high demand for applications in the aerospace, electrical coatings, and automotive replacement components sectors. Industrial applications of PEEK include its use in pumps and compressors, sealing rings, and transport systems. PEEK can be mainly classified into glass-filled, unfilled, and carbon-filled PEEK.

Polyetherketone ketone (PEKK)

Polyetherketone ketones are projected to be worth USD 71.43 million by 2021; their demand is driven by their enhanced structural performance that enables their processing at temperatures in the range of 249.8 ºF - 399.2 ºF for low load applications owing to its semi-crystalline nature. PEKK composites exhibit high toughness, resistance to damage, and a high flame, smoke, and toxicity performance. PEKK is used in press molding of prepregs, injection molding, sheet, film, and fabric composites. Also, polyetherketone ketone is the most sought after material in the printed plastics segment.

Polyetherketone (PEK)

“Polyetherketones exhibit mechanical and physical material stability at elevated temperatures, exceptional chemical resistance, and can withstand deformation at higher loads. These properties make it suitable to be used in aircraft structure, space components, and structural engineering components,” says Ajay.

It is also used in applications such as flexible printed circuit board (PCBs) and products for aerospace and radiation environments owing to its flame retarding property. PEK is available as prepreg, film, sheets, and rods, and can be used in non-autoclave processes for its various applications.

The top vendors highlighted by Technavio’s research analysts in this report are:

•    A. Schulman
•    Caledonian Ferguson Timpson
•    Evonik
•    Solvay
•    Victrex

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About Technavio

Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.

Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.

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