Argentina PAEK Market

Synopsis
The above chart is Argentina PAEK Market Outlook (2018 to 2032)

Market Dynamics

argentina’s paek market outlook for 2018 to 2032 is encouraging. with the argentine government increasing the availability of natural gas exploration projects, production of poly(alkylene ether ketone) (paek) resins is expected to grow steadily over the remainder of the decade. this growth is likely to bring about a significant increase in the amount of manufacturing activity in the sector. increasing demand from the automotive industry, both at the component and final product levels, will be a major driver of the market for paek resins. furthermore, the increased regulatory support for the adoption of paek on a mass scale in the automotive industry is expected to give a boost to paek demand in the foreseeable future. with the new regulations in place, the automotive sector readily seeks paek applications for parts that require low static and dynamic friction and have a special requirement for strength and stiffness. while this demand for paek in the automotive sector is likely to remain steady over the forecast period, its application in sectors such as furniture, footwear and industrial engineering is expected to gain traction over the coming years. the paek market outlook is quite promising in argentina, with a number of major players in the market. the large producers are argentine-based indupa s.a, petroquimica de neuquen s.a. (pensa) and basf argentina s.a., amongst others. these companies have been quick to invest in the development of paek materials to meet the growing market demand, providing excellent quality products. finally, environmental awareness and stricter environmental regulations are also expected to contribute to increased paek demands. the desire to reduce the impact of industry on the environment is driving the need for more environmentally friendly and biodegradable plastic materials. paek resins are particularly well suited for meeting this demand due to their superior properties. therefore, it is expected that the overall market outlook for paek resins in argentina from 2018 to 2032 will remain positive.