PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1350347
PUBLISHER: Coherent Market Insights | PRODUCT CODE: 1350347
Global Aliphatic Polyketone Market was valued at US$ 131.4 Mn in 2022, exhibiting a CAGR of 9.0% in terms of revenue, over the forecast period (2023 to 2030) to reach US$ 262.5 Mn by 2030.
Report Coverage | Report Details | ||
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Base Year: | 2022 | Market Size in 2023: | US$ 131.4 Mn |
Historical Data for: | 2018 to 2021 | Forecast Period: | 2023 - 2030 |
Forecast Period 2023 to 2030 CAGR: | 9.00% | 2030 Value Projection: | US$ 262.5 Mn |
Aliphatic polyketones are characterized by a carbon-carbon backbone consisting of carbon monoxide and alpha-olefins. Their perfectly alternating structure gives rise to a unique combination of properties such as short molding cycles, low warpage, superior resilience, snappability, and others. These polymers are suitable for injection molding, extrusion, rotational molding, and blow molding as well as the production of coatings, films, and fibers
Players operating in the aliphatic polyketone market are focusing on various marketing strategies, in order to promote its applications., PolySource LLC (distributor of aliphatic polyketone in North America) presented a technical paper titled 'Aliphatic Polyketone in Fuel Contact Applications' at the 2018 ITB Automotive Energy Storage Systems Conference held in Michigan (U.S.). The company aims to increase the market share of aliphatic polyketone in North American automotive applications.
Manufacturers are focusing on gradually expanding the application of aliphatic polyketone in everyday commodities such as food trays, golf tees, and other leisure products. In September 2019, Hyosung Corporation introduced FDA-approved aliphatic polyketone-based eco-friendly food trays.
Hyosung Corporation is also enhancing its customer base in global markets by participating in international trade fairs. For instance, Hyosung Chemical and Samsung Measuring took part in IFAT India 2019- a trade fair for water, sewer, waste, and recycling technologies held in Mumbai, India, from October 15 to 18 and VIET Water 2019, a water industry trade fair held in Hanoi, Vietnam.