The global polyketone market is anticipated to grow at a significant CAGR during the forecast period (2022-2028). Polyketone is an eco-friendly polymer material, widely used in the automotive and industrial industries, such as interior and exterior, engine and fuel components, electrical and electronic components, packaging materials, and extrusion. The various factors that contribute to the growth of the polyketone market include the great demand for polyketone from the aerospace and coating industry. The high demand for plastic replacement material to be used in various parts of machinery and the need for lightweight materials in aerospace to withstand high temperatures is driving the demand for polyketone industry.
However, the high production costs of polyketone are expected to disrupt the market. Polymer is a high degree of ductility over a wide range of temperatures that benefits many automotive fuel applications. It is expected to provide market opportunities during the forecast period.
The innovation and development of technology are improving the performance of the product, making it widely used in downstream applications. Chevron Phillips Chemical Co., Dongyue Group Ltd., Mitsui Chemicals Inc., and The Dow Chemical Co. are the market players that are contributing significantly to the growth of the market by the adoption of various strategies including mergers & acquisitions, geographical expansion, partnerships and collaborations, and new product launches.
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Market Coverage
- The market number available for – 2021-2028
- Base year- 2021
- Forecast period- 2022-2028
- Segment Covered-
- By Type
- By Application
- Regions Covered-
- North America
- Europe
- Asia-Pacific
- Rest of the World
Competitive Landscape-Bayer MaterialScience AG, Chevron Phillips Chemical Co., Dongyue Group Ltd., Mitsui Chemicals Inc., and The Dow Chemical Co., among others.
A full report Polyketone Market of is available at: https://orionmarketreports.com/global-polyketone-market/93873/
Global Polyketone Market Report by Segment
By Type
- Natural
- Synthetic
By Application
- Ink
- Coating
- Dye
- Other
Key questions addressed by the report
- What is the market growth rate?
- Which segment and region dominate the market in the base year?
- Which segment and region will project the fastest growth in the market?
- How has COVID-19 impacted the market?
- Deviation from the pre-COVID-19 forecast
- Most affected region and segment
- Who is the leader in the market?
- How players are addressing challenges to sustain growth?
- Where is the investment opportunity?
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