Global Aliphatic Polyketone Market Insights Forecasts to 2030

• The global aliphatic polyketone market was valued at USD 112.7 Million in 2021.
• The market is growing at a CAGR of 16.5% from 2022 to 2030
• The global aliphatic polyketone market is expected to reach USD 445.5 Million by 2030
• North America is expected to grow the fastest during the forecast period

The Global Aliphatic Polyketone Market is expected to reach USD 445.5 Million by 2030, at a CAGR of 16.5% during the forecast period 2022 to 2030. The aliphatic polyketone market has grown due to the increasing demand for environment-friendly plastics in various industries for manufacturing electronic appliances, food trays, packaging etc. will propel the growth of the aliphatic polyketone market in the upcoming years.

Market Overview

Aliphatic polyketones are high-quality thermoplastics polymers. They possess outstanding properties like flexural modulus and good tensile strength which are responsible for the increased demand for aliphatic polyketones in various applications such as electronic appliances, industrial, automotive, packaging and others. Besides their perfect alternating structure, these resins exhibit a unique combination of properties, including short moulding cycles, low warpage, superior resilience, and snappability. The chemical resistance property of aliphatic polyketone against automotive fluids and various salts makes them a perfect fit for the automotive sector. The COVID-19 outbreak hinders the growth of the market, complete lockdown and rising cases throughout the world affect the supply chain and result in low production in various industries, which consequently affects the growth of the aliphatic polyketone market. As a result of easing lockdown scenarios and decreasing COVID-19 cases, the market for aliphatic polyketones is expected to flourish. There are so many other factors which are affecting the growth of the market, such as the availability of substitutes in the market. Moreover, aliphatic polyketones resins are new in the market and have limited supply which can also hinder the market's growth. Consumers and end users increasingly demand eco-friendly products to reduce their carbon footprint. In flame-retardant form, aliphatic polyketone combines at low smoke density and keeps its mechanical properties while being flame-retardant without toxicity. Furthermore, the use of aliphatic polyketone in everyday commodities such as food trays, golf tees, and leisure products is gradually expanding. Continuous research and development are going on in the aliphatic polyketone industry to obtain new and innovative products with enhanced characteristic properties.

Report Coverage

This research report categorizes the market for global aliphatic polyketone based on various segments and regions, forecasts revenue growth, and analyzes trends in each submarket. The report analyses the key growth drivers, opportunities, and challenges influencing the global aliphatic polyketone market. Recent market developments and competitive strategies such as expansion, product launch and development, partnership, merger, and acquisition have been included to draw the competitive landscape in the market. The report strategically identifies and profiles the key market players and analyses their core competencies in each global aliphatic polyketone market sub-segments.

Market Dynamics:

• Driver -Rise in Demand

Due to their di-polar makeup and semi-crystalline shape, aliphatic polyketones are resistant to aliphatic and aromatic hydrocarbon assault and permeability. Due to the polyketone's flexible chain, crystallisation is encouraged, which increases resistance to swelling and dissolution in all environments. Aliphatic polyketones maintain their qualities in automotive applications as well as in temperatures below zero. Additionally, it may be flame-retardant without being poisonous and combined at low smoke density while maintaining its mechanical qualities.

• Restraint - Availability of other Products

The availability of more affordable engineering thermoplastics like polyamides, polyacetals, polyesters, polycarbonates, and others is likely to restrain the market growth of aliphatic polyketones throughout the course of the forecast period.

• Opportunity - Rise in Demand

Polyketones are a good material for blow moulding, rotational moulding, injection moulding, and the manufacturing of coatings, films, and fibres due to their unique features.

• Challenge - Availability Issues

In addition, aliphatic polyketone resins are relatively new in the field of engineering plastics, and as a result, end users and processors are hesitant to switch to aliphatic polyketones from other engineering thermoplastics due to the restricted availability of these resins.

Segmentation Analysis

• In 2021, the injection grade segment accounted for the largest share of the market, with 57% and a market revenue of 64.23 million.

Based on the type of product, the aliphatic polyketone market is categorized into extrusion grade and injection grade. In 2021, the injection grade segment accounted for the largest share of the market, with 57% and a market revenue of 64.23 million. The injection-grade product type accounts for the major share in the growth of the market because the injection moulding technique is used more in industrial manufacturing.

• In 2021, the industrial segment accounted for the largest share of the market, with 27.8% and a market revenue of 31.33 million.

Based on the application, the aliphatic polyketone market is categorized into electronic appliances, Industrial, automotive, packaging and others. In 2021, the industrial segment accounted for the largest share of the market, with 27.8% and market revenue of 31.33 million. The machine building and precision mechanic industries use aliphatic polyketone to manufacture highly wear-resistant gears is responsible for the increased demand for aliphatic polyketone which ultimately propels the growth of the aliphatic polyketone market.

Regional Segment Analysis of the Aliphatic Polyketone Market

• North America (U.S., Canada, Mexico)
• Europe (Germany, France, the U.K., Italy, Spain, Rest of Europe)
• Asia-Pacific (China, Japan, India, Rest of APAC)
• South America (Brazil and the Rest of South America)
• The Middle East and Africa (UAE, South Africa, Rest of MEA)

Asia Pacific emerged as the largest market for the global aliphatic polyketone market, with a market share of around 38.45% and 445.5 million of the market revenue in 2021.

• In 2021, Asia Pacific emerged as the largest market for the global aliphatic polyketone market, with a market share of around 38.45% and 445.5 million of the market revenue. Asia Pacific is expected to be the largest market. The rising demand in various applications such as electronic appliances, packaging, automotive etc. in the region is responsible for the increasing demand for aliphatic polyketones.
• North American market is expected to grow at the fastest CAGR between 2021 and 2030. The region witnesses huge growth during the forecast period because of the rise in the industrial manufacturing of aliphatic polyketone-based products.

Competitive Landscape

The report offers the appropriate analysis of the key organizations/companies involved within the global aliphatic polyketone market along with a comparative evaluation primarily based on their product offering, business overviews, geographic presence, enterprise strategies, segment market share, and SWOT analysis. The report also provides an elaborative analysis focusing on the companies' current news and developments, including product development, innovations, joint ventures, partnerships, mergers & acquisitions, strategic alliances, and others. This allows for the evaluation of the overall competition within the market.

List of Key Market Players:

• BASF
• Mitsui Chemicals
• Akro-Plastic
• Poly-Source
• DuPont
• EMS Grivory
• Chevron Phillips Chemical Company
• K.D. Feddersen
• Evonik
• Mitsui Chemicals
• Hyosung Polyketone

Key Target Audience

• Market Players
• Investors
• End-users
• Government Authorities
• Consulting And Research Firm
• Venture capitalists
• Third-party knowledge providers
• Value-Added Resellers (VARs)

Some of the Key Developments:

• In March 2018, A technical paper titled 'Aliphatic Polyketone in Fuel Contact Applications' was presented by PolySource LLC (the North American distributor of aliphatic polyketones) at the 2018 ITB Automotive Energy Storage Systems Conference. The motive of the company is to increase its aliphatic polyketone market share in North American automotive applications.
• In September 2019, Hyosung Corporation introduced FDA-approved aliphatic polyketone-based eco-friendly food trays.

Market Segment

This study forecasts global, regional, and country revenue from 2021 to 2030. Spherical Insights has segmented the global aliphatic polyketone market based on the below-mentioned segments:

Global Aliphatic Polyketone Market, By Type of Product

• Extrusion Grade
• Injection Grade

Global Aliphatic Polyketone Market, By Application

• Electronic Appliances
• Industrial
• Automotive
• Packaging
• Others

Global Aliphatic Polyketone Market, By Application

• Painted Surfaces
• Building Panels
• Ceramics
• Concrete
• Glass
• Others

Global Aliphatic Polyketone Market, Regional Analysis

• North America
  • THE US
  • Canada
  • Mexico
• Europe
  • Germany
  • Uk
  • France
  • Italy
  • Spain
  • Russia
  • Rest of Europe
• The Asia Pacific
  • China
  • Japan
  • India
  • South Korea
  • Australia
  • Rest of Asia Pacific
• South America
  • Brazil
  • Argentina
  • Rest of South America
• Middle East & Africa
  • UAE
  • Saudi Arabia
  • Qatar
  • South Africa
  • Rest of the Middle East & Africa