A new research report, recently added to the repository of MarketResearchReports.biz, offers an exhaustive evaluation of the global market for aromatic ketone polymers, focusing especially on the driving forces, trends, opportunities, and challenges, the market encounters. The past and existing performance of this market have also been taken care of in the research report, titled “Global Aromatic Ketone Polymers Market 2017–2021,” to determine its future prospects.
According to the report, the global market for aromatic ketone polymers is gaining substantially from the increased demand for high-performance polymers across the world, driven by the rising awareness about various benefits of these polymers, such as enhanced strength and toughness, durability, heat, chemical, and corrosion resistance, and improved fuel efficiency. Going forward, the global market for aromatic ketone polymers is expected to rise at a CAGR of 9.50% over the period from 2017 to 2021, thanks to the increasing replacement of metals from aromatic ketone polymers in a number of applications across the world, states the research report.
The research study analyzes the global aromatic ketone polymers market on the basis of the type and the geography. Based on the type, the market has been classified into polyether ether ketone (PEEK), polyetherketoneketone (PEKK), and polyetherketone (PEK). Among these, the demand for PEEK has been higher and the trend is likely to remain so over the forthcoming years due to the increasing demand for replacement components in the aerospace and automotive applications.
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Geographically, the market has been classified into the Americas, Asia Pacific (APAC), and Europe, the Middle East, and Africa (EMEA). Of these, the EMEA market has been leading the global market and is anticipated to continue doing so throughout the period of the forecast, thanks to the rising adoption of high-performance automotive components, notes the research report.
The market report also presents the competitive reports of the global market for aromatic ketone polymers by reviewing the company profiles of the key players operating in this market. As per the study, the market is largely fragmented due to the presence of a number of vendors and is highly competitive with numerous regulations and environmental issues surfacing as a deterrent to the market’s growth. The leading market participants compete in terms of price, quality innovation, performance, and customer-experience. They provide customized services to their customers in order to cater to their precise requirements.
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Caledonian Ferguson Timpson, A. Schulman, Evonik, Victrex, and Solvay are some of the most prominent companies in the global aromatic ketone polymers market, reviewed in this report. Other key participants mentioned here are GEHR Plastics, Ensinger, Goodfellow, PolyOne, Greene Tweed, PlastiComp, Saudi Basic Industries Corp. (SABIC), J. K. Overseas, RTP Co., Tri-Mack Plastics Manufacturing Corp., and The Quadrant Group of Companies.