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Global Polyaryletherketone market 2017: Global Opportunities, Regional Overview, Top Leaders, Size, Revenue and Forecast up to 2017- 2023


Global Polyarylether

iCrowdNewswire   Jan 7, 2021  4:00 AM ET

Market Overview:

Global Polyaryletherketone market are used in a wide range of end-use industry application owing to their excellent properties such as chemical & heat resistance and mechanical strength among others. It is extensively used in applications such as medical devices, automobile parts, seals, gears, armor material, drilling components and others. The growth of pharmaceutical and automotive industry across the globe is vitally affecting the growth of the polyaryletherketone market.

The global polyaryletherketone market is being driven by a range of application in various end-use industries such as automotive, oil & gas, pharmaceuticals, military & defense, electrical & electronics among others.

Market Scenario:

The automobile segment followed by the electrical and electronics application segment is anticipated to observe a higher CAGR during the forecast period. The properties such as corrosion resistance, heat resistance makes the use of polyaryletherketone in applications such as shock absorbers in cars, and as conductors in the electronics components. Moreover, the replacement of metal by polyaryletherketone in cars helps substantially to reduce the fuel consumptions which is a major factor attributing to the growth of the segment.

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Regional Analysis:

The European region is estimated to witness a significant growth in the countries owing to the burgeoning pharmaceutical and automobile industry. The increasing use of polyaryletherketone owing to its enhanced strength, chemical and heat stability among others has increased the adoption rate in the region. Moreover, the growing application in the electronic and electrical sector coupled with the increase government investment in the defense budget is further propelling the usage of the product in this region.

The European region is estimated to witness a significant growth in the countries owing to the burgeoning pharmaceutical and automobile industry. The increasing use of polyaryletherketone owing to its enhanced strength, chemical and heat stability among others has increased the adoption rate in the region. Moreover, the growing application in the electronic and electrical sector coupled with the increase government investment in the defense budget is further propelling the usage of the product in this region.

Market Segmentation:

The global polyaryletherketone market is segmented into product type, and application. On the basis of the product type, the market is segregated into polyether ether ketone (PEEK), polyetherketone (PEK), polyetherketoneketone (PEKK) and others. The market by application is segmented into automotive, general engineering, aerospace, electrical & electronics, medical, military weapons and others.

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Competitive Analysis:

Some of the prominent players operating in the global Polyaryletherketone market are Victrex Plc (U.K), Solvay (Belgium), Arkema Group (France), JK Overseas (India), Quadrant AG (Switzerland), Gharda Chemicals Ltd (India), Evonik Industries AG (Germany), Caledonian Industries Ltd (U.K),  Zyex Ltd (U.K), and Panjin Zhongrun High Performance Polymers Co Ltd (China) among others..

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