North America Polyaryletherketone Market

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

Market Dynamics

north america polyaryletherketone market outlook is positive till the year 2032. polyaryletherketone (paek) is a highly thermally stable polymer, with excellent electrical properties, high strength, and durability, making it suitable for various applications in industries such as automotive, electrical & electronic, and aviation & aerospace among others. the automotive industry is driving the growth of the paek market in north america, as it is widely used for applications such as mechanical components, infotainment wiring, fuel handling systems, under-the-hood electrical applications, and pumps. the automotive industry is shifting to electric vehicles which is expected to drive the demand for paek further as electric vehicles need electric components of higher durability and strength such as insulation systems for high voltage wiring harnesses, fuel handling systems etc. the aerospace industry is another major consumer of paek in the region as it is used in aircraft engines, seat components, exhaust systems, and support structures. paek materials offer unparalleled heat tolerance in the most punishing aerospace environments, making it ideal for aircraft engines and support structures. paek finds application in the electrical and electronic industry in components like wire and cable insulation, electrical connectors, and terminal blocks. paek’s high strength, toughness, and heat resistance make it suitable for insulation, and in situations with high corrosive environment paek weathers far better than traditional thermoplastics. paek market is anticipated to keep growing at steady rate till 2032 in north america backed by the growth in applications discussed above. governments in the region are taking initiatives to promote use of polymers, increase r&d, and create awareness through various seminars and conferences, which in turn can boost the paek market in the region. new developments in paek, including carbon fiber reinforced peek and long carbon fiber reinforced peek, are expected to open new avenues for market growth.