Global Polyketone Market Outlook 2018-2023

The global polyketone market is expected to display higher growth rate over the next five years. Rapid surge in market is credited to the increasing applications in industrial sector and automotive industry, and rising product penetration in global market. Aliphatic polyketones (PK) exhibits excellent chemical and mechanical properties such as superior chemical resistance, high service temperature, toughness and low moisture sensitivity, thus polyketones (PK) is increasingly used in several industrial applications. Globally, polyketone market is predicted to generate massive revenue over the next five years, providing numerous opportunities for industry participants to invest in research and development of polyketone (PK).

Growing use of polyketone in automotive sector is considered as the key market trend associated with polyketone industry. Key advantages of polyketone (PK) include elevated service temperature, low moisture sensitivity, lower density (than steel) and light weight composites. Growing demand from transportation sector and rising import & export activities across the globe are expected to fuel market growth over the forecast period.

Rising number of application for polyketone (PK) in the automotive industry is attributed to its unique properties. Some of these properties include high pressure additives, high load carrying capacity, long lubrication intervals, high melting point, high mechanical strength, resistance against temperature changes, and water resistance. Such properties enhances overall performance of the system. 

Use of polyketone (PK) for manufacturing fuel connectors, fuel lines, UTH connectors, radiator end caps and structural composite parts is gaining traction among automotive industries. In addition, polyketone (PK) is used for production of fibers such as monofilament, multifilament, tires and textiles. 

The polyketone market is broadly categorized into two major segments based on the product type such as natural polyketone (PK) and synthetic polyketone (PK). Synthetic polyketone (PK) segment is growing rapidly in the market with substantial revenue generation in the last few years. Growing popularity of synthetic polyketone (PK) segment is attributed to the increasing product penetration and easy availability. 

The polyketone market is divided by region as North America, Europe, Asia-Pacific, Latin America and Africa. North America has shown major growth in recent years owing to the rise in implementation of latest technologies in chemical manufacturing sector, surge in number of research & development activities and existence of well-established industrial infrastructure in the region. In European region, Germany, France, and United Kingdom are projected to witness slower growth rate over the coming years due to unfavorable government regulations. 

Asia-Pacific region is estimated to hold a major share in the polyketone market with massive growth in forecast period. Countries such as India, China and Singapore are leading the Asia-Pacific market with strong economic growth, increasing manufacturing activities, rapid industrialization, and significant investment by leading industry players considering potential growth opportunities in the region.

The key players in the polyketone market are BASF SE, Bayer Material Science AG, The 3M Co., Chevron Phillips Chemical Co., China Lumena New Materials Corp., Daikin Industries Ltd., DIC Corp., Dongyue Group Ltd., and The Dow Chemical Co.

Global Market for polyketone to 2023 offers detailed coverage of polyketone industry and presents main market trends. The market research gives historical and forecast market size, demand and production forecasts, end-use demand details, price trends, and company shares of the leading polyketone producers to provide exhaustive coverage of the polyketone.

Report contents include
- Analysis of the polyketone market including revenues, future growth, market outlook
- Historical data and forecast
- Regional analysis including growth estimates
- Analyzes the end user markets including growth estimates.
- Profiles on polyketone including products, sales/revenues, and market position
- Market structure, market drivers and restraints.

Key regions
- North America
- Europe
- Asia Pacific
- Middle East and Africa
- South America

Key Vendors
- request free sample to get a complete list of companies