Surged demand for polyaryletherketone with enhanced temperature performance which retains performance upsides will continue to boost confidence among stakeholders. In the latest research report by Global Market Insights Inc., polyaryletherketone market is expected to witness substantial gain by 2025.
Trend for PEEK polymer
Increased traction for high-performance engineered polymer has signified the trend for polyether ether ketone (PEEK) given the polymer provides highest strength-to-weight ratio and possesses heat tolerance. Of late, PEEK is being used as an ideal alternative to materials, such as steel, glass and aluminum.
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In recent years, PEEK is taking place of other metals in aerospace, automotive and oil & gas as companies look to reduce weight and boost design innovation. Besides, PEEK has gained traction for critical lab on the heels of its high burst pressure, purity and chemical resistance. Moreover, its fully recyclable property and robustness have made it a demanding application in applications, including pistons parts, bearings, pumps, electrical cable insulation and compressor plate valves.
PEK polymer to be highly sought-after
While PEEK materials have excellent harsh chemical resistance and have tremendous creep resistance, PEK is being used in applications such as shafts, gears, bearings, bushes in automotive and aerospace industries.
In a similar growth trajectory of PEEK, PEK will be highly sought-after for electrical connectors to boost effective sealing, offer chemical resistance and reduce thermal expansion.
Traction for PAEK materials in automotive industry will particularly be noticeable as leading auto makers and budding companies vie to reduce weight, noise and boost mechanical performance.
Compelling demand for polyaryletherketone market will be attributed to its popularity in automotive applications, including seals, washers, under-the-hood piston units, bearings and other active components used in braking, transmissions and air-conditioning systems.
How will growth opportunity unravel?
There are opportunities galore for stakeholders in aerospace industry as polyaryletherketone market polymers are being used in both interior and exterior parts, given they are rain erosion resistant and have flame retardancy. Lately, PAEK materials are witnessing compelling demand for manufacturing of convoluted tubing to shield fiber optic filaments and wires for aircraft electrical systems.
Steady growth of healthcare and medical sector in North America has instilled confidence among stakeholders, with PAEK polymers proving to be innovative and cost-effective with exceptional electrical, heat, chemical and wear resistance.
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Investment in electrical and electronics products in India, China, Vietnam, Japan and South Korea will be more pronounced through 2025. Tremendous thermal properties and long-term operating reliability of PAEK will continue to boost APAC polyaryletherketone business outlook.
Challenges: High cost
Stakeholders may look to reduce cost of high performance polymers, while implant loss and bone resorption will derail the growth of PAEK market in medical space.
PAEK products such as PEEK are replacing stainless steel and will continue to fuel demand for the polymer in a myriad of application portfolio, including automotive, aerospace, medical and electrical and electronics.
About Global Market Insights:
Global Market Insights Inc., headquartered in Delaware, U.S., is a global market research and consulting service provider; offering syndicated and custom research reports along with growth consulting services. Our business intelligence and industry research reports offer clients with penetrative insights and actionable market data specially designed and presented to aid strategic decision making. These exhaustive reports are designed via a proprietary research methodology and are available for key industries such as chemicals, advanced materials, technology, renewable energy and biotechnology.
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