Global Aromatic Ketone Polymers Market 2017-2021

Overview of the global aromatic ketone polymers (AKP) market

Technavio’s market research report predicts that the global aromatic ketone polymers (AKP) market will grow at a CAGR of above 9% during the forecast period. The increased demand for high-performance polymers is one of the primary drivers for market growth. The high-performance polymers are perfect for high-performance application and are usually available in powder or pellets form that can be heat cured to suit the necessity. Moreover, benefits like improved strength and stiffness, heat, chemical, corrosion resistance, better durability, enhanced fuel efficiency, and much more drives the demand for the high-performance polymers.  

One of the latest trends that will gain traction in the global aromatic ketone polymers market is the AKPs replacing metal in key applications. AKPs can be used in numerous manufacturing processes such as injection molding, compression molding, and extrusion. All the applications processes that involve films, fibers, thermoforming, spray coating, and stock shape machining can be done effortlessly. Moreover, the components manufactured from AKP materials weigh lesser and offer metal features with similar strength results. Furthermore, the weight reduction provides immense design flexibility to engineers by improving performance and lowering the total cost of the system.

Competitive analysis and key vendors

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.

Key vendors in the market are:

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

Other prominent vendors include Ensinger, GEHR Plastics, Goodfellow, Greene Tweed, PolyOne, PlastiComp, J. K. Overseas, Saudi Basic Industries Corporation (SABIC), Tri-Mack Plastics Manufacturing Corporation, RTP Company, and The Quadrant Group of Companies.

Segmentation by type and analysis of the aromatic ketone polymers market

• PEEK (polyether ether ketone) 
• PEKK (polyetherketoneketone)
• PEK (polyetherketone)

During 2016, PEEK dominated the segmentation by type in the global AKP market and is expected to continue the dominion over the next four years. Due to the high demand in the demanding applications like aerospace, Industries, automotive replacement components and much more drive the growth of the segment. Furthermore, Europe, Germany, Italy, and the UK are the key revenue contributors to the PEEK market.

Geographical Segmentation and analysis of the aromatic ketone polymers market

• Americas
• APAC
• EMEA

In terms of geography, EMEA led the global AKP during 2016 and is expected to continue the domination during the forecasted period. The main factor for the region’s growth is the rising demand for high-performance automotive components.

Key questions answered in the report include

• What will the market size and the growth rate be in 2021?
• What are the key factors driving the global aromatic ketone polymers market?
• What are the key market trends impacting the global aromatic ketone polymers market?
• What are the challenges to market growth?
• Who are the key vendors in the global aromatic ketone polymers market?
• What are the market opportunities and threats faced by the vendors in the global aromatic ketone polymers market?
• Trending factors influencing the market shares of the Americas, APAC, and EMEA.
• What are the key outcomes of the five forces analysis of the global aromatic ketone polymers market?

Technavio also offers customization on reports based on specific client requirement.

Plastic, polymers, and elastomers find extensive applications in a wide range of industries, which explains the growth trends in this market. The analysts at Technavio study the applications of these products across various industries to analyze the trends which are influencing this particular market space on a global level. By taking several market insights into consideration along with the use of the latest analytical tools and factual data, each report curated by our industry experts offer a comprehensive picture of the growth trends, drivers, and challenges in the plastic, polymers and elastomers industry. Due to in-depth knowledge on each vertical in this industry, our research analysts develop reports that capture both the micro and macro aspects of the plastic, polymers, and elastomers segment.

To meet the client’s specific business requirements, this upcoming market research report on aromatic ketone polymers takes into account the growth pattern of the markets that are closely related. Such an analysis includes   a study on markets like plastomers and biosolids, which are expected to grow at a CAGR of about 7% and more than 5%, respectively by 2020. The extensive application of aromatic ketone polymers in a number of industrial sectors like chemicals and petrochemicals will contribute significantly towards the growth of the market. With an in-depth analysis of the various parameters including the shift in customer preferences and the overall market’s performance, Technavio offers customized reports that help businesses identify new growth opportunities.

The upcoming report for aromatic ketone polymers also identifies the key drivers, emerging trends, as well as the challenges currently experienced by the automation sector. To offer a realistic picture of the future direction of the chemicals and materials industry, the market study also offers insights into the changing competitive landscape and the products and services offered by major market suppliers and their presence across various geographical regions.