Global Polyaryletherketone (PAEK) Market Overview:
Polyaryletherketone (PAEK) refers to a family of semi-crystalline thermoplastics that have high thermal stability. Polyaryletherketone is also known for mechanical strength whose molecular structure contains alternately Ketone and Ether groups. It is generally produced by either the Nucleophilic route or by the electrophilic route. Polyaryletherketone is recognized for its excellent resistance to temperature, chemicals, and wear. It also exhibits excellent dimensional stability across a broad temperature range and is able to withstand continuous temperatures up to 260 degrees Celsius. Apart from this, Polyaryletherketone also offers high strength, stiffness, hydrolytic stability, and resistance to aggressive substances. Due to all of these categories; Polyaryletherketone is finding its use cases in many industries like aerospace, automotive, and even oil drilling equipment.
- Growing Demand of Polyaryletherketone In Oil Drilling Equipment Like Seals and Compressors
- Rising Demand for Polyaryletherketone In Various Industries Due to Its Ability to Withstand Temperature
- Increasing Consumption of Polyaryletherketone In Medical Sector Due to Its Ability to Withstand Sterilization
- Increasing Use of Polyaryletherketone As an Alternative to Traditional Materials to Reduce Costs
- High Cost Associated with Polyaryletherketone
- Growing Demand for Polyaryletherketone In Aerospace and Automotive Industries
- Increasing Demand of Polyaryletherketone In Safety-Critical Applications
- High-Temperature Moulding and Extrusion Is Required for Polyaryletherketone
Polyaryletherketone is a new market. Polyaryletherketone is finding its application in many industries and thus the market is in the growth phase and has huge potential ahead. Although Polyaryletherketone has good characteristics for many uses; its high cost is the biggest constraint for the market players. To overcome this; economies of scale should be used. One way to do that would be signing contracts with customers. The market is primarily based in the Asia Pacific and North America.
Some of the key players profiled in the report are Arkema SA (France), Thornton Cleveleys (United Kingdom), Celanese Corporation (United States), Victrex PLC (United Kingdom), Solvay (Belgium), Evonik Industries AG (Germany), Gharda Chemicals Limited (India), Panjin Zhongrun High-Performance Polymers Co. Ltd. (China), Solvay (Belgium) and Caledonian Industries Ltd (United Kingdom). Considering Market by , the sub-segment i.e. will boost the Polyaryletherketone (PAEK) market.
In Jan 2021, Victrex a UK-based polymer provider and automation and tooling specialist, Electroimpact announced that they have achieved laydown speeds of 4000 inches per minute with the help of Electrocompactís automated fiber placement tech and Victrexís AE 250 low meltdown Polyaryletherketone unidirectional tape. The AEP processing tech has been enhanced with new laser heating systems.
Data related to EXIM [Export- Import], production & consumption by country or regional level break-up can be provided based on client request**
** Confirmation on availability of data would be provided prior to purchase
The top-down and bottom-up approaches are used to estimate and validate the size of the Global Polyaryletherketone (PAEK) market.
In order to reach an exhaustive list of functional and relevant players various industry classification standards are closely followed such as NAICS, ICB, SIC to penetrate deep in important geographies by players and a thorough validation test is conducted to reach most relevant players for survey in Polyaryletherketone (PAEK) market.
In order to make priority list sorting is done based on revenue generated based on latest reporting with the help of paid databases such as Factiva, Bloomberg etc.
Finally the questionnaire is set and specifically designed to address all the necessities for primary data collection after getting prior appointment by targeting key target audience that includes Venture Capitalists and Private Equity Firms, New Entrants/Investors, Analysts and Strategic Business Planners, Polyaryletherketone Manufacturers, Suppliers, and Distributors, Raw Material Suppliers, Government Regulatory and Research Organizations, End-Use Industries and Others.
This helps us to gather the data related to players revenue, operating cycle and expense, profit along with product or service growth etc.
Almost 70-80% of data is collected through primary medium and further validation is done through various secondary sources that includes Regulators, World Bank, Association, Company Website, SEC filings, OTC BB, USPTO, EPO, Annual reports, press releases etc.