The global Poly (Ether-ketone-ketone) (PEKK) market is valued at 46 million US$ in 2020 is expected to reach 101.3 million US$ by the end of 2027, growing at a CAGR of 11.7% during 2022-2027.
Poly (Ether-ketone-ketone) (PEKK) Market Overview
Poly (ether-ketone-ketone) (PEKK) is a semi-crystalline thermoplastic in the PAEK (Poly Aryl Ether Ketone) family, with high heat resistance, chemical resistance and the ability to withstand high mechanical loads. The PEKK is mainly used in aerospace, automotive industry and medical industry. Using 3D printing techniques such as selective laser sintering (SLS), PEKK components with complex geometries and unique shapes can be manufactured rapidly without molds or dies. With the development of 3D printing technology, there will be an increasing demand of PEKK in the next few years. EU and North America are the main consumption markets.
This industry is monopolized by a few companies such as Arkema and Rallis, while Rallis supply PEKK mainly for Cytec Solvay. In China, Kaisheng New Materials is the only manufacturer and the first one to break the technology monopoly. OPM is a recognized leader in high performance additive manufacturing. Although sales of PEKK brought a lot of opportunities, the study recommends the new entrants just having money but without technical advantage and downstream support do not enter into the PEKK field abruptly.
The report also assesses the key opportunities in the Poly (Ether-ketone-ketone) (PEKK) market and outlines the factors that are and will be driving the growth of the industry. Growth of the overall global Poly (Ether-ketone-ketone) (PEKK) Market has also been forecasted for the period 2021-2026, taking into consideration the previous growth patterns, the growth drivers and the current and future trends.
Industry News and Updates
03/25/2019: Arkema starts first PEKK production plant in U.S.--
Arkema has successfully started up a Kepstan® PEKK (Poly-Ether-Ketone-Ketone) plant at its site near Mobile (Alabama – United States). Inaugurated today, this investment is a new step in Arkema’s ambitious growth strategy in high-performance polymers and advanced materials, the development of which is supported by the Group’s cutting-edge technologies in search of solutions for sustainable development.
What are the major Applications, Types and Regions for Poly (Ether-ketone-ketone) (PEKK) Market?
Poly (Ether-ketone-ketone) (PEKK) Market is segmented based on the type, applications, companies and regions.
By Type, Poly (Ether-ketone-ketone) (PEKK) Market has been segmented into
- Electrophilic substitution
- Nucleophilic substitution
By Application, Poly (Ether-ketone-ketone) (PEKK) Market has been segmented into
- Aerospace
- Automotive Industry
- Medical Industry
- Others
Poly (Ether-ketone-ketone) (PEKK) Market Segments Analysis
- The nucleophilic substitution segment is likely to generate far more money. This is due to the method's widespread use in the production of high-performance thermoplastics with good thermal stability, chemical resistance, and mechanical qualities.
- During the projected period, the aerospace application segment is predicted to account for a much higher revenue share than other application segments. PEKK components are widely employed in commercial aerospace applications to provide high mechanical performance while also helping to reduce overall aircraft weight.
Poly (Ether-ketone-ketone) (PEKK) Market Regional Analysis
The report offers in-depth assessment of the growth and other aspects of the Poly (Ether-ketone-ketone) (PEKK) Market in important regions, including the U.S., Canada, Germany, France, U.K., Italy, Russia, China, Japan, South Korea, Taiwan, Southeast Asia, Mexico, and Brazil, etc. Key regions covered in the report are North America, Europe, Asia-Pacific and Latin America.
The Asia Pacific market revenue is expected to grow at the quickest rate compared to other regional markets. This is due to the region's growing consumer electronics industry and the widespread usage of PEKK in the production of electronic gadgets and components. PEKK is a significant material in electronic applications because of its dielectric stability and insulating qualities. Increasing disposable income and strong demand for modern consumer gadgets and products among consumers and end-use industries in Asia Pacific countries will drive market expansion over the forecast period.
Over the projected period, the North American market is expected to account for a large revenue share of the worldwide PEKK market. This is due to an increase in aircraft manufacturers' investments in smart materials like graphene and carbon-PEKK composites, which help to lower craft weight and fuel consumption. Commercial airlines' increased focus on increasing their aircraft fleets is likely to drive demand for PEKK composites over the forecast period.
Poly (Ether-ketone-ketone) (PEKK) Market highlights the potential growth opportunities in upcoming years, while reviewing the market drivers, restraints, growth indicators, challenges, market dynamics, competitive landscape and other key aspects in the global market. The Global Poly (Ether-ketone-ketone) (PEKK) Market report also conducted a PESTEL analysis of the industry to study the main influencing factors and entry barriers of the industry. This Research Study compares the markets of Pre COVID-19 and Post COVID-19 with the impact of COVID-19 on the regional economy.
What is our Poly (Ether-ketone-ketone) (PEKK) Market report scope?
Report Attributes
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Report Details
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Forecast Period 2022 to 2027 CAGR
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CAGR of 11.7% over the forecast period (2022-2027)
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By Type
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- Electrophilic substitution
- Nucleophilic substitution
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By Application
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- Aerospace
- Automotive Industry
- Medical Industry
- Others
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By Companies
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Arkema, Rallis, Kaisheng New Materials, OPM, Polymics
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Regions Covered
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- North America
- Europe
- Asia-Pacific
- Rest of the World
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Countries Covered
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- US
- Canada
- Germany
- France
- UK
- Italy
- Spain
- Rest of Europe
- China
- Japan
- India
- Australia
- South Korea
- Rest of Asia-Pacific
- Middle East & Africa
- Latin America
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Base Year
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2022
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Historical Year
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2017 to 2021
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Forecast Year
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2022 to 2027
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Number of Pages
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92
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Customization Available
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Yes, the report can be customized as per your needs
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Key Takeaways from this Poly (Ether-ketone-ketone) (PEKK) Report
- Evaluate Poly (Ether-ketone-ketone) (PEKK) market potential through analyzing growth rates (CAGR %), Volume (Units) and Value ($M) data given at country level - for product types, end use applications and by different industry verticals.
- Understand the different dynamics influencing the market - key driving factors, challenges and hidden opportunities.
- Get in-depth insights on your competitor performance - market shares, strategies, financial benchmarking, product benchmarking, SWOT and more.
- Analyze the sales and distribution channels across key geographies to improve top-line revenues.
- Understand the industry supply chain with a deep dive on the value augmentation at each step, in order to optimize value and bring efficiencies in your processes.
- Get a quick outlook on the Poly (Ether-ketone-ketone) (PEKK) market entropy - M&A's, deals, partnerships, product launches of all key players for the past 4 years.
- Evaluate the supply-demand gaps, import-export statistics and regulatory landscape for more than top 20 countries globally for the market.
Frequently Asked Questions
What is the growth rate of Poly (Ether-ketone-ketone) (PEKK) Market?
The Poly (Ether-ketone-ketone) (PEKK) Market is growing at a CAGR of 11.7% over the next 5 years.
Who are the key players in Poly (Ether-ketone-ketone) (PEKK) Market?
Arkema, Rallis, Kaisheng New Materials, OPM, Polymics
What are the significant types of Poly (Ether-ketone-ketone) (PEKK) Market?
Electrophilic substitution, Nucleophilic substitution
What are the major end-use applications of Poly (Ether-ketone-ketone) (PEKK) Market?
Aerospace, Automotive Industry, Medical Industry, Others
On the basis of application, Which segment is likely to hold the major share in the Poly (Ether-ketone-ketone) (PEKK) Market?
Aerospace segment to hold the largest share in Poly (Ether-ketone-ketone) (PEKK) market
All our reports are customizable to your company needs to a certain extent, we do provide 5 free consulting hours along with purchase of each report, and this will allow you to request any additional data to customize the report to your needs.
SECONDARY RESEARCH
Secondary Research Information is collected from a number of publicly available as well as paid databases. Public sources involve publications by different associations and governments, annual reports and statements of companies, white papers and research publications by recognized industry experts and renowned academia etc. Paid data sources include third party authentic industry databases.
PRIMARY RESEARCH
Once data collection is done through secondary research, primary interviews are conducted with different stakeholders across the value chain like manufacturers, distributors, ingredient/input suppliers, end customers and other key opinion leaders of the industry. Primary research is used both to validate the data points obtained from secondary research and to fill in the data gaps after secondary research.
MARKET ENGINEERING
The market engineering phase involves analyzing the data collected, market breakdown and forecasting. Macroeconomic indicators and bottom-up and top-down approaches are used to arrive at a complete set of data points that give way to valuable qualitative and quantitative insights. Each data point is verified by the process of data triangulation to validate the numbers and arrive at close estimates.
EXPERT VALIDATION
The market engineered data is verified and validated by a number of experts, both in-house and external.
REPORT WRITING/ PRESENTATION
After the data is curated by the mentioned highly sophisticated process, the analysts begin to write the report. Garnering insights from data and forecasts, insights are drawn to visualize the entire ecosystem in a single report.
