Aromatic ketone polymers are high-performance thermoplastic polymers due to properties such as compatibility with harsh temperature, processability, corrosion resistance, and excellent combustion resistance property among keto kreme others. It is classified into three types namely poly ether ether ketone (PEEK), poly ether ketone ketone (PEKK), and poly ether ketone (PEK) among which PEEK is the most preferred polymer for engineering applications. These polymers are widely used in the manufacturing of electronic equipment due to excellent chemical resistance properties. Increasing technological advancement in various applications namely drink ketones challenge watches, vehicles, and home appliances is driving the market growth. Rising demand for semiconductors, displays, and other electronic devices is propelling the market growth. Usage of advanced technology and high-quality products coupled with rising disposable income is fuelling the demand for the product in the North American and European region. Few initiatives like the Internet of things (IoT), automation, and artificial intelligence (AI) are expected to augment the market growth for PEEK. Major industry participants are focusing on developing application-specific products to widen the spectrum of applications. For instance, Evonik Industries under the brand RESOMER is widely used for medical implants. Also, it has developed PEEK powder under the brand VESTAKEEP, which is used for tribological coatings. Growing use of PEEK in aerospace and automotive industry due to corrosion resistance, high temperature resistance and light weight is expected to drive the market growth.
The global aromatic ketone polymers market has been segmented on the basis of product, application, and region.
Based on the type, the market is divided into pol yether ether ketone (PEEK), poly ether ketone ketone (PEKK), and poly ether ketone (PEK).
On the basis of the application, the market is segmented into electronics, automotive, aerospace, medical, and others.