Aliphatic Polyketone Market is Anticipated to Witness High Growth Owing to Rising Demand from Automotive Industry

 

Aliphatic Polyketone Market

Aliphatic polyketone or polyketone is a semi-crystalline thermoplastic material known for its high strength, toughness, stiffness and resistance to fatigue. It possesses excellent chemical, electrical and thermal properties and finds wide application in automotive, aerospace and medical industries. Aliphatic polyketone provides an attractive replacement for traditional plastics and metals in automotive components due to its strength and lightweight nature. In the automotive industry, it is used to manufacture gears, bearings, seals and bushings that require high-performance materials capable of withstanding extreme conditions.

The Global Aliphatic Polyketone Market is estimated to be valued at US$ 165.01 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 To 2031.

Growing automotive production and focus on lightweight materials are some of the key factors driving the demand for aliphatic polyketone in the market.

Key Takeaways

Key players operating in the Aliphatic Polyketone are Continental, Daimler, Delphi Automotive, Bosch, Denso, Itseez, Toshiba, Mobileye, ZF Friedrichshafen, Magna International. Continental is one of the leading players and a major supplier of aliphatic polyketone to automotive OEMs.

The market provides significant opportunities for product innovation and development of new grades of Aliphatic Polyketone Market Share catering to specific application requirements. Ongoing R&D focused on improving mechanical properties further will support the market growth.

Major players are focusing on global expansion through partnerships, joint-ventures and acquisitions. For instance, Continental acquired Romanian software company Anthropic to strengthen its automated driving technology capabilities. The global nature of the automotive industry is promoting international trade of aliphatic polyketone.

Market Drivers

- Increasing automotive production globally: Growing automotive manufacturing, especially in developing nations of Asia Pacific is a key factor propelling the demand for high-performance engineering plastics like aliphatic polyketone in the automotive industry.

- Focus on lightweight materials: Growing focus on developing lightweight vehicles for improved fuel-efficiency and performance is driving OEMs to increasingly utilize advanced polymers and composite materials in place of metals. Aliphatic polyketone fulfills this need well owing to its high strength-to-weight ratio.

Market Restrains

- Volatility in raw material prices: Fluctuating prices of crude oil, a key raw material in aliphatic polyketone production can adversely impact the polymer prices.
- Performance issues at high temperatures: Aliphatic polyketone exhibits reduction in mechanical properties at temperatures above 1700C limiting its use in applications involving high heat.

Segment Analysis

Aliphatic polyketone market is segmented based on type, application and region. Based on type, the market is sub-segmented into polyether ketone (PEK), polyether ether ketone (PEEK) and others. PEEK segment dominates the market and is expected to register highest growth during the forecast period. PEEK offers excellent mechanical and chemical resistance properties and can withstand high temperatures. Due to this, PEEK has widespread application across industries like aerospace, automotive, medical and others.

Based on application, the aliphatic polyketone market is segmented into automotive, electronic, medical and others. Automotive segment dominates the market and is expected to maintain its position throughout 2028. Increasing use of lightweight materials in automotive industry is driving the demand for aliphatic polyketone in this segment. Other application segments like electronic and medical are also expected to grow significantly during the forecast period.

Global Analysis

Regionally, Asia Pacific accounts for the largest share of aliphatic polyketone market and projected to grow at highest pace from 2024 to 2031. Rising automotive and electronics manufacturing industries in developing economies like China and India are driving the market growth. North America and Europe hold significant shares due to high demand from end use industries like aerospace. Growing adoption of lightweight materials is fuelling the market growth in these regions. Emerging economies in Latin America and Middle East & Africa expected to offer remunerative opportunities in coming years, attributed to industrialization and infrastructural developments. Key market players are focusing on these regions to tap the business opportunities.

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