It is used in manufacturing components requiring high strength, rigidity and toughness like gears, pulleys, bearing pads.
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:
The increasing adoption of aliphatic polyketone in the automotive industry is one of the major trends driving the market growth. Aliphatic polyketone meets stringent automotive industry performance requirements and finds application in the manufacturing of under the hood components, brake calipers, and timing belt pulleys. Its properties make it a suitable replacement for metal components, reducing weight and improving fuel efficiency of vehicles. The light-weight and durable nature of aliphatic polyketone offers significant advantages over conventional materials and its demand from automotive OEMs and component manufacturers is expected to accelerate over the forecast period.
Segment Analysis
The Global Aliphatic Polyketone Market Demand is dominated by the carbon fibers reinforced aliphatic polyketone sub-segment. Carbon fibers reinforced aliphatic polyketone offers high strength, stiffness and fatigue resistance. They find wide applications where high strength and stiffness are required such as in aerospace and automotive components.
Key Takeaways
The global aliphatic polyketone market is expected to witness high growth. 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.
The North America region currently dominates the market and is expected to maintain its leading position during the forecast period. Countries like the US and Canada are major consumers of aliphatic polyketone due to widespread automobile production in the region.
Key players related content comprises Continental, Daimler, Delphi Automotive, Bosch, Denso, Itseez, Toshiba, Mobileye, ZF Friedrichshafen, Magna International are some of the prominent players operating in the aliphatic polyketone market. Continental is a global leader in technologies and services for the automotive industry. The company supplies tires, brake systems, vehicle dynamics solutions, powertrain and navigation solutions.
Get more insights on this topic: https://www.trendingwebwire.com/aliphatic-polyketone-market-size-and-share-analysis-growth-trends-and-forecasts/
Explore more information on this topic, Please visit: https://whotimes.com/thread-tales-stitching-together-the-narrative-of-healing-with-intricate-sutures-and-resilience/
Comments
0 comment