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Discover the Global Polyaryletherketone (PAEK) Market Size & Share, Growth, Trends, and Forecast 2017 - 2025
The main objective of this report is to define, describe, and forecast the global “Polyaryletherketone (PAEK)” market on the basis of types of applications, major sectors, deployment models, organization size, and regions. The report contains an analysis of the major factors influencing the growth of the market (drivers, restraints, opportunities, and challenges). It aims to strategically analyze the micromarkets with respect to individual growth trends, prospects, and their contribution to the market. The report attempts to forecast the market size for 5 major regions, namely, North America, Europe, Asia Pacific (APAC), Middle East and Africa (MEA), and Latin America. It contains key vendor profiles and comprehensively analyzes their core competencies. The report also tracks and analyzes competitive developments, including partnerships, collaborations, acquisitions, new product developments, and R&D activities in the market.
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Polyaryletherketone (PAEK), which belongs to a class of semi-crystalline thermoplastics, offers high-temperature stability, high mechanical strength, and good overall chemical resistance. It can be processed using all the typical thermoplastic processes such as injection molding, extrusion, compression molding, and transfer molding. Plastics that fall within this family include Polyetherketone (PEK), Polyetheretherketone (PEEK), Polyetherketoneketone (PEKK), Polyetheretherketoneketone (PEEKK), and Polyetherketoneetherketoneketone (PEKEKK). Polyaryletherketone produces the least toxic and corrosive fumes when burned. It is used in oil drilling components such as seals, compressor rings, valve parts, gears, bearings, and wire coatings. It is also employed in the chemical pump industry, as it can withstand high temperature, stress, and is corrosion resistant. Polyaryletherketone is used to make gears and thrust bearings in transmissions in the automotive industry. Polyaryletherketone has low heat output when burned; therefore, it is employed in interior aviation applications. It is used in medical devices due to its excellent resistance to hydrolysis; it does not break down when sterilized. Polyaryletherketone is widely used for substituting metals, composites, and polymers due to its excellent characteristics. Along with fillers, PAEK offers significantly better properties than nylon 6,6 with glass fiber reinforcement. It is resistant to high operating temperature of above 250°C Properties such as resistance to most organic chemicals, inherent purity, better combustion resistance, and ease in processisbilty make it ideal for usage in applications. Benefits of aromatic ketone polymers include low energy consumption, ease in complex component fabrication, lifetime operation improvement, and substitution of metals with lightweight materials.
The automobile application segment of the polyaryletherketone market is likely to expand at a rapid pace during the forecast period. Enhanced application performance, stringent environmental regulations, and cost reduction across numerous end-used industries such as aerospace, medical, and oil & gas are estimated to drive the demand for polyaryletherketone during the forecast period.
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These factors are anticipated to drive PAEK market during the forecast period. Replacement of metals with high-end performance based polymers in order to reduce vehicle weight and increase fuel efficiency is anticipated to boost the demand for PAEK in automobile applications. Rise in usage of PAEK in the automotive sector is likely to provide lucrative opportunities to industry participants to increase market presence, as it is used in the manufacture of components of gearbox and clutch. Rise in scope in medical applications is expected to boost the polyaryletherketone market. A polyaryletherketone biomaterial, launched by Victrex under the brand name PEEK-OPTIMA, is used for medical implants. It also enables manufacturers to make high performance implants with tailor-made properties that are compatible with modern imaging techniques. It offers advantages such as imaging artefacts elimination, tissue/bone growth observation & repair using X-rays, and allergic tissue reaction avoidance with metallic ions. Implementation of regulations in the U.S. and the European Union (EU) to curb carbon emissions by decreasing vehicle weight is another factor augmenting the PAEK market.
Europe was the leading region of the PAEK market in 2016 due to the rise in preference toward replacement of metals with high-end performance based polymers in order to reduce vehicle weight and increase fuel efficiency in the region. Europe was followed by North America in the same year. The market in Asia Pacific is anticipated to expand at a rapid pace during the forecast period, due to the growth in automotive and aerospace industries in the region.
Key companies operating in the PAEK market include Victrex, Solvay, and Zyex Ltd.
The report offers a comprehensive evaluation of the market. It does so via in-depth qualitative insights, historical data, and verifiable projections about market size. The projections featured in the report have been derived using proven research methodologies and assumptions. By doing so, the research report serves as a repository of analysis and information for every facet of the market, including but not limited to: Regional markets, technology, types, and applications.
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The study is a source of reliable data on:
Market segments and sub-segments
Market trends and dynamics
Supply and demand
Market size
Current trends/opportunities/challenges
Competitive landscape
Technological breakthroughs
Value chain and stakeholder analysis
The regional analysis covers:
North America (U.S. and Canada)
Latin America (Mexico, Brazil, Peru, Chile, and others)
Western Europe (Germany, U.K., France, Spain, Italy, Nordic countries, Belgium, Netherlands, and Luxembourg)
Eastern Europe (Poland and Russia)
Asia Pacific (China, India, Japan, ASEAN, Australia, and New Zealand)
Middle East and Africa (GCC, Southern Africa, and North Africa)
The report has been compiled through extensive primary research (through interviews, surveys, and observations of seasoned analysts) and secondary research (which entails reputable paid sources, trade journals, and industry body databases). The report also features a complete qualitative and quantitative assessment by analyzing data gathered from industry analysts and market participants across key points in the industry’s value chain.
A separate analysis of prevailing trends in the parent market, macro- and micro-economic indicators, and regulations and mandates is included under the purview of the study. By doing so, the report projects the attractiveness of each major segment over the forecast period.
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Highlights of the report:
A complete backdrop analysis, which includes an assessment of the parent market
Important changes in market dynamics
Market segmentation up to the second or third level
Historical, current, and projected size of the market from the standpoint of both value and volume
Reporting and evaluation of recent industry developments
Market shares and strategies of key players
Emerging niche segments and regional markets
An objective assessment of the trajectory of the market
Recommendations to companies for strengthening their foothold in the market
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