Global Aromatic Ketone Polymers Market Is Projected To Register CAGR Of 10% By 2021

Global aromatic ketone polymers market is projected to register CAGR of 10% by 2021

24-Apr-17

The global aromatic ketone polymers market is projected to grow to US$933.58 mln by 2021, at a CAGR of nearly 10% over the forecast period, according to the latest market study released by Technavio. “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 ketones are projected to be worth US$71.43 mln 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.