Europe Polyaryletherketone Market

Synopsis
The above chart is Europe Polyaryletherketone Market Outlook (2018 to 2032)

Market Dynamics

europe polyaryletherketone market outlook for 2018 to 2032 the demand for polyaryletherketone (paek) in the european market is expected to witness a steady growth over the forecast period of 2018-2032. this can be attributed to the increasing demand for high performance plastics in various end-use sectors such as electrical & electronics, automotive, and aerospace within the region. owing to its superior properties such as strength, heat resistance, chemical resistance, dimensional stability, and toughness, paek is increasingly finding applications in rising end-use sectors, driving the demand for paek in the european market. the automotive industry is one of the major end-use sectors driving the demand for paek in europe. owing to its superior properties such as dimensional stability and minimum deformation even at temperatures of around 170⁰c, paek finds an increasing number of applications in the automotive sector. as such, the presence of europe’s large automotive industry, with major automobile players such as volkswagen and fiat chrysler located in the region is expected to increase the demand for paek. the rising demand for 3d printing in europe is another factor driving the demand for paek in the region. owing to its superior thermal stability as well as its ability to withstand extreme temperatures during the 3d printing cycle, paek is increasingly being used as a printing material in the 3d printing industry. as such, the rising trend of 3d printing in europe is expected to propel the demand for paek materials over the coming years. the development of bio-based paek is another major factor driving the demand for paek in europe. bio-based materials are of growing interest for uses in materials engineering due to their sustainable nature, as well as their beneficial properties. as such, the increasing development of bio-based paek materials is expected to boost the demand for paek in the european market over the forecast period. furthermore, the increasing presence of major paek manufacturers in the european region is also expected to serve as a major driver for the paek market in europe over the forecast period. prominent paek manufacturers such as lanxess ag, solvay, and basf se are present in the european market, with their paek products targeting numerous end-use industries. as such, these company’s increasing demand for paek in europe is expected to serve as a major driver for the paek market in the region.