Aliphatic polyketones Market Research：the global market size is projected to reach USD 0.24 billion by 2030

Aliphatic polyketones are a relatively new class of polymers that possess a number of attractive and unique properties. The two most common aliphatic ketones are poly(ethylene ketone) and copolymers of ethylene and propylene ketone. Both polymers exhibit high tensile and impact strength, very high wear resistance, and excellent tribological properties. Other interesting properties include excellent resistance to hydrolysis, very low water absorption, high barrier properties to fuels and oxygen, and outstanding chemical resistance.

At present, the main manufacturer of aliphatic polyketone POK in the world is the Korean Hyosung Group, which has been developing and commercializing POK since 2004 and has successfully obtained patents related to raw material technology. As of now, the production of POK in the world is still mainly dominated by the Korean Hyosung Group. Although POK has excellent properties such as high strength, wear resistance, and chemical corrosion resistance, its market demand is relatively small due to its high production threshold, high technical difficulty, and relatively low market awareness. However, with the rapid development of the engineering plastics industry and the growing demand for new materials, the market potential of POK is gradually emerging.

Aliphatic Polyketones Market Summary

According to the new market research report “Aliphatic Polyketone- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”, published by QYResearch, the global Aliphatic Polyketones market size is projected to reach USD 0.24 billion by 2030, at a CAGR of 10.6% during the forecast period.

• Global Aliphatic Polyketones MarketSize(US$ Million), 2019-2030

Source: QYResearch, "Aliphatic Polyketone- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

• Global Aliphatic Polyketones Top7Players Ranking and Market Share (Ranking is based on the revenue of 2023, continually updated)

Source: QYResearch, "Aliphatic Polyketone- Global Market Share and Ranking, Overall Sales and Demand Forecast 2024-2030”

According to QYResearch Top Players Research Center, the global key manufacturers of Aliphatic Polyketones include Hyosung Polyketone, Akro-Plastic, Ensinger, Esprix Technologies, etc. In 2023, the global top four players had a share approximately 95.0% in terms of revenue.

Market Drivers:

1. POK consumes a large amount of carbon monoxide during the synthesis process. For every 50,000 tons of POK produced, the mass of carbon monoxide consumed is 25,000 tons, which is equivalent to the purification effect of 3.8 million pine trees for 5 years. Therefore, vigorously developing POK production and application is in line with the green sustainable development strategy. The environmentally friendly material market is booming, and the fundamental reason for the leapfrog development of its application scenarios lies in materials, safety and diverse innovations. The explosive growth of industry user demand has greatly enriched the application scenarios of POK aliphatic polyketone materials.
2. Aliphatic polyketone is an engineering plastic with comprehensive performance developed by South Korea's Hyosung Group through 10 years of research and development, and the raw material particles were mass-produced and promoted to the market in 2016. POK belongs to the polyketone material, and its main components are environmentally friendly new polymer materials polymerized from atmospheric pollutants CO, ethylene, and propylene. It has the characteristics of high impact resistance, high chemical resistance, high wear resistance, high barrier properties, high flame retardancy, and resistance to medium acid and alkali.
3. The hot topic of polyketone research began in the late 1980s. In recent years, with the continuous advancement of technology and the increase in R&D investment, significant progress has been made in the preparation process and performance optimization of aliphatic polyketones.

The introduction and application of new technologies, such as modification technology and composite material technology, have further improved the performance and application range of aliphatic polyketones, providing strong support for their market expansion.

4. With the rapid development of industries such as automobiles, chemicals, and environmental protection, the demand for high-performance materials continues to increase. With its unique properties, aliphatic polyketones have broad application prospects in these fields.

Consumers' increased requirements for product quality and environmental protection have also prompted companies to seek more durable and environmentally friendly materials, further promoting the growth of the aliphatic polyketone market.

Restraint:

1. POK is a new material developed by South Korea's Hyosung Group, but due to various factors, the market currently lacks molding capabilities.
2. The presence of a large number of carbonyl groups in the polymer chain provides the possibility of cross-linking. This chemical reaction can be triggered by a variety of components, resulting in the possibility of cross-linking during processing. This increases the difficulty and cost of processing, affecting the widespread application of aliphatic polyketones.

It is necessary to solve the processing stability problem by improving the preparation process and optimizing the formula, so as to improve the processing efficiency and product quality of aliphatic polyketones.

3. The preparation process of aliphatic polyketones is relatively complicated, and the cost of raw materials is high, resulting in high product prices. This has limited its application in some fields to a certain extent.

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