Prismane

Global Polyketones Market Demand & Forecast Analysis, 2016-2032

Polyketone Market Overview 

Polyketone is a high-performance thermoplastic polymer that finds applications in automotive, water purifier, toys, medical devices, pipes, films, and water meter owing to its properties such as excellent chemical and abrasion resistance, low moisture absorption property, ductility, and toughness. Hyosung Chemical is the sole producer of polyketone globally, having manufacturing facility in Yoengyeon, Ulsan, South Korea with production capacity of 50 kilo tons/annum. The company produces 40 kilo tons of Polyketone each year.
Global Polyketone Demand By Application, 2023 (Kilo Tons)
Polyketones Market: Global Polyketone Market Demand By Application, 2023 (Kilo Tons)
Source: Secondary & Primary Research and Prismane Consulting estimates
With the presence of a strong automotive industry, Asia-Pacific dominates the global polyketone market. Polyketone is used by Automotive OEMs in manufacturing of connectors, fuel lines, seals, interior and exterior parts such as instrument panels, door handles, bumper system, exterior trims, etc. Polyketone based materials are used in fuel systems such as injection nozzles, connectors, fuel rails due to its ability to withstand harsh conditions.  Additionally, polyketone is used in making components of electric vehicles. 
Global Polyketone Demand By Application, 2016-2032 (Kilo Tons)
Global Polyketone Market Demand By Application, 2016-2032 (Kilo Tons)
Source: Secondary & Primary Research and Prismane Consulting estimates
Growing automotive industry in countries such as China, India is driving the market of polyketone in the Asia Pacific. For instance, China’s automotive production increased 3% to reach 26 million units in 2021.  Domestic production of the country is projected to reach 35 million units by 2025. China’s vehicle sales rose 7.1% to reach 26 million units in 2021. 
Furthermore, the electric vehicles market will provide growth opportunity for polyketones during the forecast. Traditionally, polyamides like PA 6 were used in connectors of electric vehicles. Polyketone can replace polyamide 6 owing to the latter’s water absorption property which causes dimensional instability in the vehicle part. Additionally, production of polyketone also reduces carbon emission by up to 61% than the production of PA66 and PA6 thereby reducing its carbon footprint.  

Recent Developments in Polyketone Market

Jabil developed PK 5000 made from polyketone for application in automotive, consumer electrionics, medical, defence, 3D printing and industrial manufacturing applications in 2022. The polyketone based material offers properties such as better high-impact strength, chemical and abrasion resistance, and resilience than nylon-based materials such as polyamide 12. Additionally, PK 5000 offers high barrier properties with low moisture absorption property and it is made from low carbon polyketone, thereby reducing overall carbon footprint of the product. 
Avient Corporation exhibited two new grades of polyketone with non-halogenated retardants for its application in electric vehicles including connectors at The Battery Show Europe in 2021. 

Scope of Report 

The Polyketones report describes the global Polyketones market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Application
•  Capacity
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Polyketones Market data in terms of volume and value for each end-use 
   at regional and country level
•  Polyketones Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment

1.  Introduction
      •  Scope
      •  Market Coverage
          -  Applications
          -  Regions
          -  Countries
      •  Years Considered
          -  Historical - 2016 – 2020
          -  Base - 2022
          -  Forecast Period - 2022 – 2032
      •  Research Methodology
          -  Approach
          -  Research Methodology
          -  Prismane Consulting Market Models
          -  Assumptions & Limitations
          -  Abbreviations & Definitions
          -  Conversion Factors
          -  Data Sources
2.  Market Synopsis 
      •  Market Evolution
      •  Demand Overview
      •  Industry Structure
      •  Strategic Issues
      •  End-use Trends
      •  Growth Forecast
3.  Economic & Energy Outlook
      •  GDP and Demographics
      •  Monetary & Fiscal Policies
      •  Crude Oil Production and prices
      •  Natural Gas
      •  Electricity Prices
4.  End-use Sector Performance      
      • Automotive
      • Electrical & Electronics
      • Medical
      • Industrial
      • Others 
5.  Introduction to Polyketones and Market Overview 
      •  Product Description
      •  Grades & Properties
      •  Raw Material
      •  Manufacturing Process
      •  Environmental Issues
      •  Value Chain
      •  Applications
6.  Market Dynamics and Industry Trends 
      •  Market Dynamics and COVID-19 Impact
          -  Drivers
          -  Restraints
          -  Opportunities
          -  Challenges
7.  Global Polyketones Demand Analysis, By Applications (Volume, Value) (2016–2032) 
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016 – 2032)
          -  Demand
          -  Demand Growth Rate (%)
          -  Driving Force Analysis
      •  Global Polyketones Market, By Applications
               - Automotive
               - Electrical & Electronics
               - Medical
               - Industrial
               - Others
8.  Demand Analysis and Market Review, By Region, By Country (Volume, Value), (2016– 2032)
      •  Strategic Issues and COVID-19 Impact
      •  Demand Analysis and Forecast (2016-2032)
      •  Demand Growth Rate (%)
      •  Polyketones Market, By Applications
Note: Demand Analysis has been provided for all major Regions / Countries as mentioned below. The demand(consumption) split by applications has been provided for each of the countries/regions in Volume (Kilotons) and Value (USD Million).
      •  North America
         -  USA
         -  Canada
         -  Mexico
      •  Western Europe
         -  Germany
         -  France
         -  Italy
         -  United Kingdom
         -  Spain
         -  Rest of Western Europe
      •  Central & Eastern Europe
         -  Russia
         -  Poland
         -  Rest of Central & Eastern Europe
      •  Asia-Pacific
         -  China
         -  Japan
         -  India
         -  South Korea
         -  Rest of Asia-Pacific
      •  Central & South America
         -  Brazil
         -  Argentina
         -  Rest of Central & South America
      •  Middle East & Africa
         -  GCC
         -  South Africa
         -  Iran
         -  Rest of Middle East & Africa
Note: CAGR will be calculated for all the applications to arrive at the regional/global demand growth for the forecast period (2022 – 2032)
9.  Pricing Analysis
10.  Key Strategic Issues and Business Opportunity Assessment 
      •  Market Attractiveness Assessment
      •  Prospective & Target Market Study
11.  Strategic Recommendation & Suggestions
12.  Company Analysis and Market Share Analysis
      • Polyketones Manufacturers Profiles/ Company Analysis
         -  Basic Details
         -  Headquarter, Key Markets
         -  Ownership
         -  Company Financial
         -  Manufacturing Bases
         -  Global Turnover
         -  Total Employee
         -  Product Portfolio / Services / Solutions
         -  Key Business Strategies adopted and Prismane Consulting Overview
         -  Recent Developments
         -  Companies Covered
             - Hyosung Chemical 
Note: This section includes company information, company financials, manufacturing bases, and operating regions. Company financials have been mentioned only for those companies where financials were available in SEC Filings, annual reports, or company websites. All the reported financials in this report are in U.S. Dollars. Financials reported in other currencies have been converted using average currency conversion rates. Company profiles may include manufacturers, suppliers, and distributors.
13.  Appendices
      •  Demand- Regions
      •  Demand– Countries

Scope of Report 

The Polyketones report describes the global Polyketones market, with focus on the country, applications and other end-use scenarios. The study provides

Market Data & Forecast (Short-term and Long-term)
•  Demand Analysis
•  Demand Composition, by Application
•  Capacity
•  Sales & Revenue
•  Pricing Analysis
•  Market Dynamics

Country Summaries & Product Review
•  Demand Balance 
•  Polyketones Market data in terms of volume and value for each end-use 
   at regional and country level
•  Polyketones Market analysis for demand, at regional and country level
•  Historical, Current & Market Forecast
•  Macro-economic factors like GDP, Population and World Economic integration
•  Economic & Energy Outlook
•  Industry & Policy Developments 
•  End-use Industry / Applications Market 
•  Reasoning & Analysis
•  Insightful Commentary
•  Market Review
•  Comparative Analysis
•  Latest Trends and market developments
•  Key players
•  Strategic Issues and Recommendations
•  Business Opportunity Assessment