Aromatic ketone polymers belong to the family of aromatic hydrocarbons and are also known as Poly Aryl Ether Ketones; abbreviated as PAEKs. PAEKs are thermoplastics that are crystalline in nature and are characterized by good mechanical properties, thermal stability, chemical and solvent resistance, temperature and fire resistance and excellent electrical performance.
Due to the COVID-19 pandemic, the global Aromatic Ketone Polymers market size is estimated to be worth US$ 698 million in 2022 and is forecast to a readjusted size of US$ 1113.8 million by 2028 with a CAGR of 8.1% during the forecast period 2022-2028. Fully considering the economic change by this health crisis, PEEK (Polyether Ether Ketone) accounting for % of the Aromatic Ketone Polymers global market in 2021, is projected to value US$ million by 2028, growing at a revised % CAGR from 2022 to 2028. While Automotive segment is altered to an % CAGR throughout this forecast period.
The global AKP market is largely split with the presence of numerous vendors and regional vendors present in developing regions. The market is extremely competitive with environmental issues and regulations in some regions likely to be a deterrent to the market growth. Moreover, the vendors in the market compete in terms of price, innovation, quality and performance, and customer-centrism. Additionally, customized services are offered by the vendors to cater to precise customer requirements.
The research report has incorporated the analysis of different factors that augment the market’s growth. It constitutes trends, restraints, and drivers that transform the market in either a positive or negative manner. This section also provides the scope of different segments and applications that can potentially influence the market in the future. The detailed information is based on current trends and historic milestones. This section also provides an analysis of the volume of production about the global market and about each type from 2017 to 2028. This section mentions the volume of production by region from 2017 to 2028. Pricing analysis is included in the report according to each type from the year 2017 to 2028, manufacturer from 2017 to 2022, region from 2017 to 2022, and global price from 2017 to 2028.
A thorough evaluation of the restrains included in the report portrays the contrast to drivers and gives room for strategic planning. Factors that overshadow the market growth are pivotal as they can be understood to devise different bends for getting hold of the lucrative opportunities that are present in the ever-growing market. Additionally, insights into market expert’s opinions have been taken to understand the market better.
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The research report includes specific segments by region (country), by manufacturers, by Type and by Application. Each type provides information about the production during the forecast period of 2017 to 2028. by Application segment also provides consumption during the forecast period of 2017 to 2028. Understanding the segments helps in identifying the importance of different factors that aid the market growth.
Segment by Type
- PEEK (Polyether Ether Ketone)
- PEKK (Polyetherketoneketone)
- PEK (Polyetherketone)
Segment by Application
- Gehr Plastics
Production by Region
- North America
Consumption by Region
- North America (United States, Canada)
- Europe (Germany, France, U.K., Italy, Russia)
- Asia-Pacific (China, Japan, South Korea, India, Australia, China Taiwan, Indonesia, Thailand, Malaysia)
- Latin America (Mexico, Brazil, Argentina)
- Middle East & Africa (Turkey, Saudi Arabia, UAE)
Mr. Shirish Gupta
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