Polyetherketoneketone (PEKK) Market Size Overview
Polyetherketoneketone (PEKK) is
reinforced with carbon fiber to manufacture aircraft and automobile components.
It is majorly used in the manufacturing of transportation and structural
engineering components. In the automotive industry, it is used in brake fluid
tank and interior components of the vehicles. The increasing adoption of PEKK
in the automotive industry is expected to accelerate the global market growth.
The America Automotive Policy Council reported that the US automobile
production is expected to exceed to 11 million in 2021 and estimated to reach
12 million in 2025.
Competitive Analysis
Some of the leading players in the
global Polyetherketoneketone (PEKK) Market Size are Arkema (France), Rallis
(India), RTP Company (US), Shandong Kaisheng New Materials Co., Ltd (China),
Polymics, Ltd (US), Solvay (Belgium), and Oxford Performance Materials (US).
Market Segmentation
The global Polyetherketoneketone
(PEKK) Market Size has been segmented on the basis of type, application, and
region. By type, the global Polyetherketoneketone (PEKK) Market Size has been
divided into nucleophilic substitution and electrophilic substitution. The
electrophilic substitution segment held significant market share in 2017 and is
projected to dominate in the coming years owing to the rise in the application
of PEKK in oil & gas extraction. The global market has been segmented based
on application into aerospace, automotive, medical, oil & gas, and others.
The high demand for lightweight components in the automotive industry to
manufacture lightweight vehicles and curb CO2 emissions is expected to boost
the growth of the segment in the coming years.
Get More Professional and Technical Industry Insights @ https://www.marketresearchfuture.com/reports/polyetherketoneketone-market-7783
Regional Analysis
The Asia-Pacific market is expected
to register a healthy CAGR during the forecast period owing to the expanding
electric vehicles industry. The increasing demand for electric vehicles has
surged the application of PEKK in the region in the manufacturing of lightweight
components. Furthermore, the rise in disposable income, cheap airfares, and
growth in the tourism sector are factors expected to fuel the growth of the
aerospace industry, which consequently is expected to boost the demand for PEKK
in the manufacturing of aircraft.
Polyetherketoneketone (PEKK) offers
anti-bacterial benefit to the medical devices, which is increasing its
application in medical devices. The North American market is estimated to
witness substantial growth in terms of CAGR due to the growing healthcare
industry.
Get Free Sample Copy of “Polyetherketoneketone (PEKK) Market Size” @ https://www.marketresearchfuture.com/sample_request/7783
NOTE: Our Team of Researchers is
Studying Covid19 and its Impact on Various Industry Verticals and wherever
required we will be considering Covid19 Footprints for Better Analysis of
Market and Industries. Cordially get in Touch for More Details.
No comments:
Post a Comment