Polyaryletherketone (PAEK) Market to Undertake Strapping Growth | 2025
Polyaryletherketone
(PAEK), which belongs to a class of semi-crystalline thermoplastics,
offers high-temperature stability, high mechanical strength, and good
overall chemical resistance. It can be processed using all the
typical thermoplastic processes such as injection molding, extrusion,
compression molding, and transfer molding. Plastics that fall within
this family include Polyetherketone (PEK), Polyetheretherketone
(PEEK), Polyetherketoneketone (PEKK), Polyetheretherketoneketone
(PEEKK), and Polyetherketoneetherketoneketone (PEKEKK).
Polyaryletherketone produces the least toxic and corrosive fumes when
burned. It is used in oil drilling components such as seals,
compressor rings, valve parts, gears, bearings, and wire coatings. It
is also employed in the chemical pump industry, as it can withstand
high temperature, stress, and is corrosion resistant.
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Polyaryletherketone
is used to make gears and thrust bearings in transmissions in the
automotive industry. Polyaryletherketone has low heat output when
burned; therefore, it is employed in interior aviation applications.
It is used in medical devices due to its excellent resistance to
hydrolysis; it does not break down when sterilized.
Polyaryletherketone is widely used for substituting metals,
composites, and polymers due to its excellent characteristics. Along
with fillers, PAEK offers significantly better properties than nylon
6,6 with glass fiber reinforcement. It is resistant to high operating
temperature of above 250°C Properties such as resistance to most
organic chemicals, inherent purity, better combustion resistance, and
ease in processisbilty make it ideal for usage in applications.
Benefits of aromatic ketone polymers include low energy consumption,
ease in complex component fabrication, lifetime operation
improvement, and substitution of metals with lightweight materials.
The
automobile application segment of the polyaryletherketone market is
likely to expand at a rapid pace during the forecast period. Enhanced
application performance, stringent environmental regulations, and
cost reduction across numerous end-used industries such as aerospace,
medical, and oil & gas are estimated to drive the demand for
polyaryletherketone during the forecast period. These factors are
anticipated to drive PAEK market during the forecast period.
Replacement of metals with high-end performance based polymers in
order to reduce vehicle weight and increase fuel efficiency is
anticipated to boost the demand for PAEK in automobile applications.
Rise in usage of PAEK in the automotive sector is likely to provide
lucrative opportunities to industry participants to increase market
presence, as it is used in the manufacture of components of gearbox
and clutch. Rise in scope in medical applications is expected to
boost the polyaryletherketone market.
A
polyaryletherketone biomaterial, launched by Victrex under the brand
name PEEK-OPTIMA, is used for medical implants. It also enables
manufacturers to make high performance implants with tailor-made
properties that are compatible with modern imaging techniques. It
offers advantages such as imaging artefacts elimination, tissue/bone
growth observation & repair using X-rays, and allergic tissue
reaction avoidance with metallic ions. Implementation of regulations
in the U.S. and the European Union (EU) to curb carbon emissions by
decreasing vehicle weight is another factor augmenting the PAEK
market.
Europe
was the leading region of the PAEK market in 2016 due to the rise in
preference toward replacement of metals with high-end performance
based polymers in order to reduce vehicle weight and increase fuel
efficiency in the region. Europe was followed by North America in the
same year. The market in Asia Pacific is anticipated to expand at a
rapid pace during the forecast period, due to the growth in
automotive and aerospace industries in the region.
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Key
companies operating in the PAEK market include Victrex, Solvay, and
Zyex Ltd.
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