The global Poly Ether-Ketone-Ketone (PEKK) market size is expected to reach USD 45.96 Million in 2028 and register a robust CAGR of 9.1%, according to the latest report by Reports and Data. Key factors such as high usage of PEKK in the field of dentistry for making implants, fixed and removable partial dentures and orthodontic wires, rapidly growing consumer electronics sector and increasing PEKK demand in the automotive sector are driving global market revenue growth.
The report provides market estimations such as market size, market share, revenue growth, and CAGR, and market analysis for the forecast period of 2021-2028. The report also offers a comprehensive analysis of the competitive landscape with company profiles and product portfolios. To provide a deeper understanding of the global market, the report offers a statistical analysis of the global and local production and consumption ratio.
Key companies in the report:
SABIC (Saudi Basic Industries Corporation), Arkema, Caledonian Ferguson Timpson Ltd., Darter Plastics, Inc., Solvay, Kaisheng New Materials, Polymics, Evonik Industries AG, Stern Companies, Quadrant Epp Surlon India Limited, RTP Company, OPM, Zyex, Celanese Corporation, and Jrlon, Inc.
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Rising global population has led to increasing number of construction and building activities across the globe, in turn, driving demand for materials and chemicals. Availability of advanced finishing materials, environmentally sustainable raw materials and chemicals, and growing progress of plastics industry has significantly contributed to the revenue growth of the market. Chemicals and materials industry is a crucial part of the world economy and produces over 70,000 products that are needed across various end-use industries. Consumer products such as soaps, detergents, and cosmetics, along with electronic gadgets, automobiles, and paints & cosmetics, among others are in high demand across the globe and are majorly dependent on various types of chemicals and materials. International corporations are actively engaged in developing sustainable products to reduce carbon emissions and pollution and ensure safe operations of the facilities. These key factors have significantly contributed to market revenue growth and is expected to continue to do so going ahead.
For this study, Reports and Data has segmented the global PEKK market based on type, application, and region:
Type Outlook (Revenue in USD Million; Volume in Tons, 2018–2028)
Application Outlook (Revenue in USD Million; Volume in Tons, 2018–2028)
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Key companies are focused on mergers and acquisitions, joint ventures, collaborations, partnerships, product launches, brand promotions, and R&D activities among others to cater to growing global demand and gain a strong foothold in the market. The report also analyzes the presence of key companies, their ventures, and investment and funding opportunities in key regions of the world including North America, Europe, Asia Pacific, Latin America, and Middle East & Africa.
The study covers critical information and factual data about the Poly Ether-Ketone-Ketone (PEKK) industry along with an in-depth statistical analysis of the market drivers, limitations, growth prospects, opportunities, and threats. The report also covers SWOT analysis and Porter’s Five Forces analysis to offer better understanding of the competitive landscape of the global Poly Ether-Ketone-Ketone (PEKK) market.
Some key highlights in the report:
Based on type, the nucleophilic substitution segment is expected to account for robust revenue share between 2021 and 2028 owing to high usage of nucleophilic substitution method to produce high-performance thermoplastics with better chemical resistance and thermal stability.
Based on application, the automotive segment revenue is expected to expand at fastest revenue growth over the forecast period owing to increasing sales of lightweight vehicles and high usage of PEKK in manufacturing lightweight components, and rising demand to reduce CO2 emissions.
Asia Pacific Poly Ether-Ketone-Ketone market is expected to register rapid revenue growth during the forecast period. Rapid revenue growth is attributed to factors such as rapid growth in the consumer electronics and automotive sector, rising demand for various consumer electronic devices, and high demand for PEKK in the healthcare sector. In addition, rising disposable income, increasing adoption of electric vehicles, and increasing adoption of PEKK in dentistry are supporting Asia Pacific market growth.
North America is expected to account for largest revenue share throughout the forecast period. Factors such as increasing adoption of PEKK in aircraft manufacturing to reduce craft weight and minimize fuel consumption, rising investments in the automotive and aerospace sector, presence of key market players, and increasing usage of PEKK in 3D printing and medical devices are augmenting market growth in North America.
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