The family of aromatic ketone polymer includes Polyetherether Ketone (PEEK), Polyether Ketone (PEK) and Polyetherketoneketone (PEKK). PEEK belongs to the polyarylether ketones family. The polymer is semi-crystalline high performance thermoplastic and is the highest priced in this category. PEEK is currently being used in specialized applications where polymers like PPS, PAI or other engineering plastics are not suitable for operations. The polymer has wide temperature operability and can have similar characteristics and performance at high temperatures of 250°C and harsh environments without losing any physical properties. Along with excellent mechanical properties including impact resistance, low wear rate, and a low coefficient of friction, PEEK has a special property of emitting lower smoke and toxic gas when exposed to fire and has attained a V-O flammability rating. Injection molding, extrusion, compression molding and powder coating processes can be used for the processing of PEEK to be used in different applications. Electrical & Electronics, transport and industrial applications are so far the largest consumers of PEEK and will continue being the major consumers in the long term forecast.
Global Aromatic Ketone Polymers Demand Analysis (2014 - 2030)
PEEK can be used in a wide array of industrial applications owing to its exceptional chemical resistance and high-temperature stability. Industrial applications accounts for around 23% of the global PEEK demand and it is likely to grow at a CAGR of 5.6% till 2025 on account of increased industrial production in countries like China, India and other Asian countries. The automotive segment accounts for 26% of the global PEEK demand and is expected to grow at an average of 6.6% in the long-term forecast till 2025. PEEK demand for electrical & electronics and aerospace applications is expected to witness a growth at a CAGR of 5%-6% between 2018 and 2025. PEEK demand for oil & gas applications was estimated to be around 453 tons and is expected to witness a growth at a CAGR of 5.5% between 2018 and 2025. PEK & PEKK constitutes 9-10% of the global Aromatic Ketone Polymer market and are growing at a faster pace due to their use in variety of applications where high temperature resistance is necessary.
Aromatic Ketone Polymers Application -2019 (XX Kilo Tons)(Sample)
Currently, there are a limited number of manufactures of PEEK namely, Victrex Plc., Solvay SA, JIDA Evonik High Performance Polymers Co. Ltd., Jilin Zhongyan High Performance Plastic Co., Ltd., and Panjin Zhongrun High Performance Polymer. The capacity of Victrex was around 2800 tons in 2005 and it was further expanded to 4250 tons in 2008. The last expansion by the company was carried out in 2015 when Victrex expanded the capacity by adding 2900 tons to bring the total capacity to 7150 tons. Victrex Plc. has been maintaining its leading position in the PEEK market. Solvay carried out an expansion in 2016 at its Panoli facility in India to bring the capacity to 1063 tons from its existing 500 tons. The company also started its 1500 tons plant at Augusta, U.S by end of 2016.
Aromatic Ketone Polymers Regional Demand (Sample)
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