India Polyaryletherketone Market

india's polyaryletherketone market is growing at a rapid pace due to its inherent advantages over other engineering plastics. generally, polyaryletherketone or paek is a type of thermoplastic polymer, known for its superior properties such as high temperature strength, excellent corrosion resistance, superior electrical insulation, superior wear resistance, and superior dimensional stability. all these properties make it suitable for applications in various different industries such as electrical & electronics, automotive, industrial, and consumer goods. the demand for polyaryletherketone has been on an upswing in india due to growing industrialization and rising demand from various industries. the country's automotive industry has been highly benefitted by the demand for polyaryletherketone as the material offers substantial weight reduction in vehicles, which leads to a significant reduction in fuel consumption and emissions. moreover, it is extensively used in various parts such as suspension arms, powertrain components, battery containers, fuel and air lines, and as a reinforcing filler in several other parts. furthermore, the material is also experiencing higher demand due to its use in electrical & electronics, industrial and consumer goods. paek is also gaining traction in india due to its cost advantage over other engineering plastics. moreover, the presence of various leading manufacturers such as the polyplastics group, enviro trade solaris, jct industries, and promet plastics is attracting more buyers towards the material. the manufacturers in india provide paek polymers in different colors, shapes and sizes which helps cater to the varied requirements of the customers. despite various challenges such as high cost of raw materials, complex processing techniques, and limited awareness in the industry, the demand for paek in india is expected to remain strong during the medium to long term. the growing automotive industry in the country is expected to drive the overall demand for the material in order to reduce vehicle weight and increase fuel efficiency along with other benefits. furthermore, increased awareness about the use of polyaryletherketone in various other industries is likely to have a positive effect on the growth of the market over the forecast period, 2018-2032.