Polyetherketoneketone Market Summary
As per Market Research Future Analysis, the global polyetherketoneketone (PEKK) market was valued at USD 35.8 million in 2022 and is projected to grow at a CAGR of 10.7% during the forecast period. PEKK's exceptional resistance to chemicals and abrasion makes it suitable for extreme environments, particularly in aerospace and oil exploration. Reinforced with carbon fibers, PEKK exhibits metal-like rigidity while remaining lightweight. The aerospace industry, which grew by 3.0% in 2019, is a significant driver of PEKK demand, particularly for motor and engine applications. The market is segmented by type, application, and region, with key applications in automotive, aerospace, medical, and oil & gas sectors.
Key Market Trends & Highlights
The PEKK market is witnessing significant growth driven by various industry applications.
- Market valued at USD 35.8 million in 2022; expected CAGR of 10.7%.
- Aerospace and defense industry contributed USD 865 billion in 2022.
- Increasing oil & gas extraction activities projected to boost PEKK demand.
- Asia-Pacific market growth driven by electric vehicle production and oil & gas activities.
Market Size & Forecast
2022 Market Size | USD 35.8 Million |
Forecast CAGR | 10.7% |
Major Players
Arkema (France), Rallis (India), RTP Company (US), Shandong Kaisheng New Materials Co., Ltd (China), Polymics, Ltd (US), Solvay (Belgium), Oxford Performance Materials (US)