The global market for polyaryletherketone (PAEK) is estimated to grow at an impressive CAGR of over 6% during the forecast period (2019-2027) to reach a valuation of over US$ 1.4 Bn.ย The utilization of polyaryletherketone (PAEK) is proliferating in several applications and oil drilling components such as compressor rings, seals, bearings, gears, wire coatings, and valve parts. Due to its high glass transition temperature property, increased use of polyetheretherketone (PEEK) in the aerospace industry is projected to heighten demand worldwide.
The offer in this portion accompanies many open doors including fabricating items, appropriation, retail, and showcasing administrations. Broad rounds of essential and a far reaching optional exploration have been utilized by the examiners at Fact.MR to show up at different assessments and projections for Demand of Polyaryletherketone (PAEK) Market, both at worldwide and provincial levels.
๐๐ผ๐๐ป๐น๐ผ๐ฎ๐ฑ ๐ฎ ๐ฆ๐ฎ๐บ๐ฝ๐น๐ฒ ๐๐ผ๐ฝ๐ ๐ผ๐ณ ๐ง๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐:https://www.factmr.com/connectus/sample?flag=S&rep_id=4462?PJ
๐ฅ๐ฒ๐ฐ๐ฒ๐ป๐ ๐๐ป๐ฑ๐๐๐๐ฟ๐ ๐ก๐ฒ๐๐:
- Aerospace Advancements: The aerospace industry has been a notable contributor to the PAEK market’s growth. Recent news highlights the development of PAEK-based composites for aircraft components. These composites offer a high strength-to-weight ratio, reducing the weight of aircraft and improving fuel efficiency. The use of PAEK in aerospace applications is expected to continue to rise as manufacturers look for innovative ways to enhance performance.
- Healthcare Innovations: PAEK polymers have made substantial inroads in the healthcare sector. Recent industry news showcases their use in the production of medical devices and implants due to their biocompatibility, sterilizability, and durability. PAEK’s contribution to advancements in medical technology and patient care is a testament to its versatility and reliability.
- Automotive Lightweighting: Automotive manufacturers are increasingly focusing on reducing vehicle weight to improve fuel efficiency and reduce emissions. Recent developments highlight the use of PAEK materials in automotive components, such as lightweight structural parts and under-the-hood applications. This shift towards lightweighting is driving the demand for high-performance polymers like PAEK.
- Sustainability Initiatives: Environmental sustainability is a growing concern, and PAEK manufacturers are addressing this by developing sustainable materials. News in the industry emphasizes the development of bio-based and recyclable PAEK materials that align with the broader sustainability goals of various sectors.
- Electronic Advancements: The electronics industry has also been a significant user of PAEK materials. Recent developments in this sector include the use of PAEK polymers in semiconductor manufacturing, where their high-temperature resistance and electrical insulation properties are leveraged to enhance electronic components’ performance and longevity.
๐๐น๐ผ๐ฏ๐ฎ๐น ๐ฃ๐ผ๐น๐๐ฎ๐ฟ๐๐น๐ฒ๐๐ต๐ฒ๐ฟ๐ธ๐ฒ๐๐ผ๐ป๐ฒ (๐ฃ๐๐๐) ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐: ๐๐ป-๐๐ฒ๐ฝ๐๐ต ๐๐๐๐ฒ๐๐๐บ๐ฒ๐ป๐ ๐ผ๐ป ๐๐ฒ๐ ๐ฆ๐ฒ๐ด๐บ๐ฒ๐ป๐๐
The global polyaryletherketone (PAEK) market is segmented on the basis of type, end-use industry and region.
๐ง๐๐ฝ๐ฒ
- PEK (Polyetherketone)
- PEEK (polyetheretherketone)
- PEKK (Poly-Ether-Ketone-Ketone)
- Others (PEEKK, PEKEKK)
๐๐ป๐ฑ ๐จ๐๐ฒ๐๐ป๐ฑ๐๐๐๐ฟ๐
- Aerospace
- Automotive
- Electronics
- Energy
- Manufacturing
- Medical Devices
๐ฆ๐๐๐๐ฎ๐ถ๐ป๐ฎ๐ฏ๐ถ๐น๐ถ๐๐ ๐ฎ๐ป๐ฑ ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐๐ฟ๐ผ๐๐๐ต:
The sustainability aspect plays a pivotal role in the growth of the PAEK market. As industries seek to reduce their environmental footprint and adopt more sustainable practices, the development of bio-based and recyclable PAEK materials is gaining attention. These materials address concerns about resource depletion and environmental impact, aligning with the broader goals of environmental responsibility and sustainability.
Additionally, PAEK’s lightweight and durable characteristics contribute to fuel efficiency and emissions reduction in the automotive industry, supporting the sector’s sustainability goals. Its use in aircraft components for weight reduction similarly benefits the environment by decreasing the carbon footprint of air travel.
The biocompatibility and sterilizability of PAEK materials are critical in the healthcare sector, as they allow for the development of long-lasting medical devices and implants, reducing the need for frequent replacements and minimizing medical waste.
๐๐ฒ๐ ๐ง๐ฎ๐ธ๐ฒ๐ฎ๐๐ฎ๐๐ ๐ผ๐ณ ๐ฃ๐ผ๐น๐๐ฎ๐ฟ๐๐น๐ฒ๐๐ต๐ฒ๐ฟ๐ธ๐ฒ๐๐ผ๐ป๐ฒ (๐ฃ๐๐๐) ๐ ๐ฎ๐ฟ๐ธ๐ฒ๐ ๐ฆ๐๐๐ฑ๐
- With a projected CAGR of 5.5% from 2019 to 2027, โPEEKโ polymer is expected to see significant volume gains. This is attributed to increasing consumption in the automotive, medical, oil and gas industries and in the aerospace sector
- The โmedicalโ end use segment is expected to the grow with the highest growth rate of over 7% due to the increased use of polyaryletherketone (PAEK) in surgical methods and dental work
- Europe leads the global polyaryletherketone (PAEK) market with a market share of over 35% in 2019. The automotive industry in combination with private investments in research and development (R&D), acts as a force multiplier for the extensive utilization of polyaryletherketone (PAEK)
- Asia Pacific holds a strong customer base in the global Polyaryletherketone (PAEK) market. Presence of key automotive companies in Japan including Honda, Yoyota and Suzuki and increased penetration of aircraft manufacturers are the attributing factors behind growth of the market in this region
- Growing demand from the construction and automotive sectors for replacements such asย Polyphenylene Sulfideย (PPS) and Polyethylenimine (PEI) is expected to curb market growth over the forecast period
โHealthcare investments and technological progressions along with supportive government policies will drive growth in the global polyaryletherketone (PAEK) market,โ says the Fact.MR analyst
๐ฅ๐ฒ๐ด๐ถ๐ผ๐ป๐ฎ๐น ๐ฎ๐ป๐ฎ๐น๐๐๐ถ๐ ๐ถ๐ป๐ฐ๐น๐๐ฑ๐ฒ๐
- North America (U.S., Canada)
- Latin America (Brazil, Mexico, Argentina, Chile, Peru, Rest of LATAM)
- EU โ (Germany, France, Italy, Spain), UK, BENELUX (Belgium, Netherlands, Luxemburg), NORDIC (Norway, Denmark, Iceland, Sweden), Eastern Europe (Poland, Ukraine, Czech Rep. etc.), Rest of Europe
- CIS & Russia
- Japan
- Asia Pacific Excluding Japan (Greater China, India, S. Korea, ASEAN Countries, Rest of APEJ)
- Middle East and Africa (GCC Countries, Turkey, Iran, Israel, South Africa,Rest of MEA)
๐๐ฒ๐ ๐๐๐๐๐ผ๐บ๐ถ๐๐ฎ๐๐ถ๐ผ๐ป ๐ผ๐ป ๐๐ต๐ถ๐ ๐ฅ๐ฒ๐ฝ๐ผ๐ฟ๐ ๐ณ๐ผ๐ฟ ๐ฆ๐ฝ๐ฒ๐ฐ๐ถ๐ณ๐ถ๐ฐ ๐ฅ๐ฒ๐๐ฒ๐ฎ๐ฟ๐ฐ๐ต ๐ฆ๐ผ๐น๐๐๐ถ๐ผ๐ป๐:
https://www.factmr.com/connectus/sample?flag=RC&rep_id=4462
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