Aromatic ketone polymers (AKP), also known as poly aryl ether ketones, are crystalline thermoplastics that have major linkage of carbonyl groups. These polymers are termed as high-performance polymers owing to various properties such as excellent temperature performance, inherent purity, stiffness, and improved strength.

Key Players

Key players in the global aromatic ketone polymers market are Victrex plc (UK), Solvay S.A. (Belgium), Evonik Industries (Germany), A.Schulman Inc (U.S.), DSM(Netherlands), EMS-CHEMIE HOLDING AG (Switzerland), Kuraray Co., Ltd (Japan), Gharda plastics (India), Darter Plastics (U.S.), Ismat (India), and others.

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AKP’s are broadly classified into three types namely poly ether ether ketone (PEEK), poly ether ketone ketone (PEKK), and poly ether ketone (PEK). Among these PEEK is widely used across the globe due to thermal stability and high chemical resistance. It provides design flexibility to engineers by improving the performance.

PEEK is extensively used in the mobile phones and other electronic devices manufacturing due to high mechanical and chemical properties. For instance, products of Victrex plc under brand Keta Spire and Ava Spire KEEP are used widely in electronics and other industrial applications. Growing demand for electronic devices with advancement in technology and miniaturization is driving the market growth across the globe. With the introduction of various electronic devices namely smartwatches, cooking appliances, and other consumer electronics coupled with rising per capita income are driving the product demand.

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Segmentation

The global aromatic ketone polymers market has been segmented into type, applications, and region.

On the basis of the type, the market is divided into poly ether ether ketone (PEEK), poly ether ketone ketone (PEKK), and polyether ketone (PEK).

Based on the application, the market is divided into electronics, automotive, aerospace, medical, and others.

Geographically, the market is divided into five key regions, including n North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.

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Key Market Opportunities:

The shift of production capacities of various industries such as electronics and automotive from developed economies to developing economies is also driving the demand.

Key Market Driver:

Growing demand for electronic devices with advancement in technology and miniaturization is driving the market growth

Regional Analysis

North America accounted for the largest share of the aromatic ketone polymers market in 2022. Increasing demand from the electronics industry due to technological advancements and automation coupled with rising per capita income is driving the market growth. Usage of electronic devices in smart vehicles is increasing at a rapid pace, thus providing lucrative opportunities to the key industry participants. Rising geriatric population and spinal disorders in the U.S. are expected to boost the product demand in North America.

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