Polyetherketoneketone (PEKK) Market Share Executive Summary, Segmentation, Review, Trends, Opportunities, Growth, Demand and Forecast to 2027
Polyetherketoneketone (PEKK) Market Share In the aerospace industry, PEKK is used as a high-performance alternative in motor and engine owing to its capability to withstand extreme conditions. According to the Aerospace Industries Association, the global aerospace and defense industry grew by 3.0% in 2016. The US aerospace and defense industry contributes major share towards revenue generation of the global aerospace industry, which was USD 865 billion in 2017. Thus, the growing aerospace industry is positively expected to influence the demand for PEKK during the forecast period. The Polyetherketoneketone (PEKK) Market Share was valued at USD 35.8 million in 2018 and is expected to register a CAGR of 10.7% during the forecast period. It offers excellent resistance to chemicals and abrasion. Among high-performance polymers, PEKK can resist extreme environments making it ideal for use in the aerospace and oil exploration industries. In addition, when PEKK is reinforced with carbon fi