Global Aliphatic Polyketone Market was valued at US$ 131.4 Mn in 2022, exhibiting a CAGR of 9.0% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 262.5 Mn by 2030.
Driver
The growing demand for lightweight and high-performance materials in various end use industries
The growing demand for lightweight and high-performance materials in various end use industries such as automotive, aerospace, and packaging is driving the growth of the aliphatic polyketone market the growing demand for lightweight and high-performance materials in industries such as automotive, aerospace, and packaging is fueling the growth of the aliphatic polyketone market. The properties of aliphatic polyketone, such as its lightweight nature and high performance, make it a preferred choice for applications in these industries. Additionally, the market is benefiting from the increasing adoption of aliphatic polyketone in emerging economies
Market Opportunities
Growth in the Electric Vehicle (EV) Market:
The global EV aliphatic polyketone market is expected to grow significantly in the coming years, presenting opportunities for companies to expand their product portfolios and increase their market share. The growth of the EV market is expected to drive the growth of the aliphatic polyketone market, presenting opportunities for companies to expand their product portfolios and increase their market share. The market is expected to witness significant growth, with a projected increase in market size and a significant compound annual growth rate. The market offers opportunities for companies to capitalize on the growing demand for aliphatic polyketone materials in the EV industry
Market Restraints
Regulatory Compliance
Companies operating in the EV aliphatic polyketone market need to comply with various regulations and standards related to safety, environmental impact, and performance. Ensuring compliance can be a challenge, especially with evolving regulations and varying requirements across different regions.
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https://www.coherentmarketinsights.com/market-insight/aliphatic-polyketone-market-4807
Key Takeaways:
Among grade, M330A grade held the largest revenue share of 31.8% in the global aliphatic polyketone market in 2022. M330A is a high-flow injection molding grade that offers good processability, impact resistance, high resilience, and excellent creep performance. It can also withstand short-term exposure to elevated temperatures. Moreover, it exhibits high resistance to solvents, hydrocarbons, salt solutions, weak acids, and weak bases. M330A finds application in automotive, electrical & electronics, industrial, and consumer appliance markets.
Compounders & processors operating in the aliphatic polyketone market are focusing on various strategies such as new product launches, in order to strengthen their market presence and expand their product portfolio. For instance, The Ensinger Group (a Germany-based manufacturer of composite materials and profiles) launched TECACOMP PK TRM compounds based on aliphatic polyketone for a wide range of applications. TECACOMP PK TRM CF20 is reinforced with carbon fibers to optimize mechanical properties along with high wear resistance. Moreover, the compounds TECACOMP PK TRM PVX and TECACOMP PK TRM XS are modified with solid lubricants for improved sliding properties.
Market Trends
North America is anticipated to be the swift-growing region
Among regions, North America is anticipated to be the swift-growing region during the forecast period. Hyosung Corporation, the only manufacturer of aliphatic polyketone, entered into a distribution agreement with PolySource, LLC (U.S. - grounded distributor of thermoplastic resins and composites). Under the agreement, PolySource, LLC will be the authorized distributor of aliphatic polyketone in North America. These factors are anticipated to produce an economic occasion for the aliphatic polyketone request growth in the region.
Competitive Section:
Key Companies
- Hyosung Corporation
