Polyketone Market is anticipated to
grow considerably in the forecast period owing to the high demand for consumer
goods and electronics. Polyketone is the eco-friendly polymer material, which
is extensively used in automotive industry and industrial materials, such as
automotive interior and exterior, engine and fuel components, electronic and
electrical parts, packaging materials, and extrusion. The material is
exceptionally wear resistant due to tribiological property, fuel and chemical
resistant, and holds gas and hydrocarbon barrier characteristics. Polyketone
also offers high resistance to hydrocarbon solvents, weak acids and bases, and
automotive fluids.
Various factors impacting the growth of polyketone market
include high demand from aerospace and coating industry, high demand for
plastics to replace the metals that are used in various machine components, and
demand for lightweight materials in aerospace to resist high temperatures.
However, high manufacturing cost of polyketone is expected to hamper the
market. Polymers display high ductility level over broad temperature range that
is beneficial to several automotive fuel applications, which is expected to
offer opportunities to the market.
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Polyketone market is categorized on the basis of polymer
type, product type, application, and geography. On the basis of type, market is
divided into synthetic polymers and natural polymers. Synthetic polymers are
expected to hold larger share of the market since they can be combined in
various proportions for mechanical, chemical, and physical property. Based on
product type, the market is divided into hetero chain polymer, carbon chain
polymer, and element organic polymer.
In terms of application, polyketone market is divided into
consumer goods and automotive. Consumer goods segment is expected to lead the
market owing to high demand for consumer electronics and other goods and
growing urbanization. Furthermore, automotive segment is also expected to lead the
market due to increase in demand for passenger vehicles and increase in
developments in the automotive industry.
Geographically, market is segmented as North America, South
America, Europe, Asia Pacific, and Middle East & Africa. Asia Pacific is
predicted to dominate the market in the coming years due to increase in
population and disposable income of consumers. North America is also expected
to contribute significantly in the forecast period due to growing opportunities
in the domestic segment.
The key players in polyketone market are Chevron Phillips
Chemical Company, Daikin Industries Ltd, BASF SE, Polyplastics Co, Ltd.,
Dongyue Group Limited, DIC Corporation, Evonik Industries AG, 3M, EMS-Grivory,
Performance Plastics Ltd., DSM Engineering Plastics B.V, Mitsui Chemicals And
Materials, Inc., Victrex Plc, Kuraray Co., Ltd., The Dow Chemical Company,
Bayer MaterialScience AG, China Lumena New Materials Corp., and DuPont
Performance Polymers.
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