The global Aliphatic Polyketone Market Growth Accelerated by Broader Industrial Applications

 

Aliphatic polyketone is a semi-crystalline thermoplastic with excellent chemical and corrosion resistance properties. It finds widespread use in industrial applications that require components to withstand harsh chemicals and variable pH levels. The polymers exhibit strength and toughness even at elevated temperatures. The growing demand from industries such as oil & gas, chemical processing and water treatment is driving the need for equipment made of aliphatic polyketone.

The global Aliphatic Polyketone Market is estimated to be valued at US$ 143.23 Mn in 2023 and is expected to exhibit a CAGR of 5.3% over the forecast period 2023 to 2030, as highlighted in a new report published by Coherent Market Insights.

Market key trends:

The Global Aliphatic Polyketone Market Size is expanding due to the broader industrial applications of the material. It is increasingly being used to manufacture valves, pumps, and fittings for equipment used in oil & gas pipelines, chemical plants, and desalination facilities. The polymers are resistant to corrosion caused by acids, bases and solvents. They perform well in a wide pH range from 1 to 14. Their high strength and toughness even at elevated temperatures up to 250°C makes them suitable for high pressure and high temperature applications. The excellent chemical resistance combined with mechanical strength is driving the replacement of metals with aliphatic polyketone in industrial processing equipment and components.


Segment Analysis

The global Aliphatic Polyketone market is dominated by medical tapes sub segment. Medical tapes account for over 35% of the total market share as aliphatic polyketone offers properties like elasticity, durability, biocompatibility which makes it ideal for manufacturing medical tapes. These tapes find wide application for wound care, bandages, and surgical dressings.

Key Takeaways

The global Aliphatic Polyketone market is expected to witness high growth over the forecast period of 2023 to 2030. The market is projected to grow at a CAGR of 5.3% during the forecast timeline. By 2030, the market size is estimated to reach US$ 313.61 Mn.

Regional analysis

North America is currently dominating the global Aliphatic Polyketone market. The region accounted for over 40% of the total market share in 2023 owing to developed healthcare infrastructure and increasing incidence of chronic wounds that require advanced wound care solutions. Asia Pacific is expected to witness the fastest growth over the coming years. Factors such as rising healthcare expenditure, growing medical devices industry and increasing patient pool are projected to drive the demand for aliphatic polyketone in the region.

Key players

Key players operating in the Aliphatic Polyketone market are Becton, Dickinson and Company, Lohmann & Rauscher, Komal Health Care Pvt. Ltd., Paul Hartmann AG, DeRoyal Industries Inc., Tytex, Shandong Dermcosy Medical Co., Ltd., Smith & Nephew plc, Dynarex Corporation, Talent Healthcare, 3M and Datt Mediproducts Pvt. Limited. Becton, Dickinson and Company is currently the leading player in this space, owing to its diverse product portfolio including medical tapes made using aliphatic polyketone materials.

Get More Insights On This Topic: https://www.newsstatix.com/aliphatic-polyketone-market-size-share-analysis-2023-2030/


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