Aliphatic polyketones are a family of high performance engineering thermoplastics known for their high strength, stiffness and toughness even at elevated temperatures. They are increasingly being used in applications that require durability and resistance to heat, chemicals and impact. Automotive components such as intake manifolds, oil pans, gear shifter parts are now being manufactured using aliphatic polyketones owing to their ability to withstand high pressure and abrasion.
The global Aliphatic Polyketone Market is estimated to be valued at US$ 165.01 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031, as highlighted in a new report published by Coherent Market Insights.
Market key trends:
One of the major trends driving the growth of the aliphatic polyketone market is the rising demand for autonomous vehicles. Automotive OEMs are focusing on developing self-driving cars integrated with advanced driver assistance systems and autonomous driving technologies which require durable materials that can withstand vibration and temperature fluctuations. Aliphatic polyketones are increasingly replacing metals in applications such as sensors as they exhibit high heat and chemical resistance along with high strength making them suitable for construction of autonomous car components. Their ability to withstand wear and impacts also makes them ideal for manufacturing brake components, clutch parts and gears among others. The demand for aliphatic polyketones from the automotive industry is thus expected to significantly increase over the forecast period.
Porter’s Analysis
Threat of new entrants: The threat of new entrants is moderate as significant capital investment and technical expertise is required to enter and compete in the aliphatic polyketone market.
Bargaining power of buyers: The bargaining power of buyers is moderate as aliphatic polyketone products have limited alternatives and buyers depend on a few large suppliers.
Bargaining power of suppliers: The bargaining power of suppliers is high due to the presence of a few global suppliers who control the majority of market share for aliphatic polyketones.
Threat of new substitutes: The threat of new substitutes is low as aliphatic polyketones have high quality and superior properties compared to substitute products.
Competitive rivalry: The competitive rivalry is high among the few large players operating in the market.
Key Takeaways
The Global Aliphatic Polyketone Market Growth is expected to witness high during the forecast period of 2024 to 2031. The global Aliphatic Polyketone Market is estimated to be valued at US$ 165.01 Bn in 2024 and is expected to exhibit a CAGR of 12% over the forecast period 2024 to 2031.
Regional analysis The Europe region dominates the aliphatic polyketone market currently and is expected to continue its dominance during the forecast period as well owing to strong presence of automotive and medical device manufacturers in countries such as Germany.
Key players operating in the aliphatic polyketone market are Continental, Daimler, Delphi Automotive, Bosch, Denso, Itseez, Toshiba, Mobileye, ZF Friedrichshafen, Magna International.
*Note:
1. Source: Coherent Market Insights, Public sources, Desk research
2. We have leveraged AI tools to mine information and compile it
