Reporty Scope & Overview:
Polyether Ether Ketone (PEEK) Market Size was valued at USD 0.63 billion in 2022 and is expected to reach USD 1.04 billion by 2030, and grow at a CAGR of 6.5% over the forecast period 2023-2030.
PPEK (polyether ether ketone) is a chemically and mechanically resistant partly crystalline polyaromatic liner thermoplastic. It's used in a variety of industries, including electronics, medical, automotive, aerospace, and others. It is frequently utilised in the production of electronic components due to its increased durability, wear resistance, and abrasion resistance.
Because of its high mechanical qualities and great temperature tolerance, polyether ether ketone is becoming more used in the electrical industry. Global market expansion is being fueled by rising demand for miniaturisation in electronic gadgets.
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Initiatives like Internet of things (IoT) and automation.
Increasing demand for PEEK in aerospace and automotive industries.
Cost of end-products is also very high.
Raising demand in aerospace, automotive, oil & gas, medical and electronics industry.
Lack of availability of quality compounders and distributors.
By End-Use Industry:
Electrical & Electronics
Oil & Gas
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Due to increased demand for electronic gadgets such as smartphones, household appliances, and telecommunication, Asia Pacific was the largest market in the worldwide polyether ether ketone market in 2016. The polyether ether industry is being driven by initiatives taken by the Indian government in 2022, such as Faster Adoption and Manufacturing of Electric and Hybrid (FAME) vehicles in India. The market for PEEK in this region is being propelled by rising digitalisation among the youthful population. As a result of the rising electrical sector and the huge increase in per capita disposable income, China is the largest consumer of PEEK. Automobile production is increasing in developing countries such as India, China, and Thailand as consumers' disposable income rises.
The rising use of PEEK in numerous industries such as electrical, aerospace, marine, and healthcare has made North America another important market for the material. The market in this region is growing due to rising consumer electronics demand and strong purchasing power. The product demand is being fueled by increased investment in spinal fusion in the healthcare business.
Rest of Europe
Rest of Asia-Pacific
The Middle East & Africa
Rest of Middle East & Africa
Rest of Latin America
Victrex plc, Evonik Industries AG, Jrlon, Inc., Caledonian Ferguson Timpson Ltd, Celanese Corporation, Quadrant Epp Surlon India Limited, Solvay, Darter Plastics, Inc., SABIC, Saudi Basic Industries Corporation, Zyex, and Stern Companies.
Celanese Corporation-Company Financial Analysis
|Market Size in 2022||US$ 0.63 Billion|
|Market Size by 2030||US$ 1.04 Billion|
|CAGR||CAGR of 6.5% From 2022 to 2028|
|Report Scope & Coverage||Market Size, Segments Analysis, Competitive Landscape, Regional Analysis, DROC & SWOT Analysis, Forecast Outlook|
|Key Segments||• By Type (Glass Filled, Carbon Filled, Unfilled, Others)
• By End-Use Industry (Electrical & Electronics, Aerospace, Automotive, Oil & Gas, Medical, Others)
|Regional Analysis/Coverage||North America (USA, Canada, Mexico), Europe
(Germany, UK, France, Italy, Spain, Netherlands,
Rest of Europe), Asia-Pacific (Japan, South Korea,
China, India, Australia, Rest of Asia-Pacific), The
Middle East & Africa (Israel, UAE, South Africa,
Rest of Middle East & Africa), Latin America (Brazil, Argentina, Rest of Latin America)
|Company Profiles||Victrex plc, Evonik Industries AG, Jrlon, Inc., Caledonian Ferguson Timpson Ltd, Celanese Corporation, Quadrant Epp Surlon India Limited, Solvay, Darter Plastics, Inc., SABIC, Saudi Basic Industries Corporation, Zyex, and Stern Companies|
|DRIVERS||• Initiatives like Internet of things (IoT) and automation.
• Increasing demand for PEEK in aerospace and automotive industries.
|Restraints||• Cost of end-products is also very high.|
Ans: Manufacturers, Consultant, aftermarket players, association, Research institute, private and universities libraries, suppliers and distributors of the product.
Ans: Victrex plc (UK), Evonik Industries AG (Germany), Jrlon, Inc. (New York), Caledonian Ferguson Timpson Ltd (UK), Celanese Corporation (U.S.), Quadrant Epp Surlon India Limited (India), Solvay (Belgium), Darter Plastics, Inc. (U.S.), SABIC, Saudi Basic Industries Corporation (Saudi Arabia), Zyex (UK) and Stern Companies (U.S.) are the key players in the us Polyether Ether Ketone (PEEK) Market.
Ans: Asia Pacific was the largest market in the worldwide polyether ether ketone market.
Ans: Glass Filled, Carbon Filled, Unfilled and Others are the sub-segments of by type segment.
Ans: Polyether ether ketone (peek) Market Size was valued at USD 0.6 billion in 2021, and expected to reach USD 1.06 billion by 2028, and grow at a CAGR of 6.5% over the forecast period 2022-2028.
Table of Contents
1.1 Market Definition
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.2 Impact on major economies
188.8.131.52 United Kingdom
184.108.40.206 South Korea
220.127.116.11 Rest of the World
5. Value Chain Analysis
6. Porter’s 5 forces model
7. PEST Analysis
8. Global Polyether Ether Ketone (PEEK) Market, By Type
8.1 Glass Filled
8.2 Carbon Filled
9. Global Polyether Ether Ketone (PEEK) Market, By End-Use Industry
9.3 Oil & Gas
9.6 Electrical & Electronics
10. Regional Analysis
10.2 North America
10.3.6 The Netherlands
10.3.7 Rest of Europe
10.4.2 South Korea
10.4.6 Rest of Asia-Pacific
10.5 The Middle East & Africa
10.5.3 South Africa
10.6 Latin America
10.6.3 Rest of Latin America
11. Company Profiles
11.1 Victrex plc
11.1.2 Products/ Services Offered
11.1.3 SWOT Analysis
11.1.4 The SNS view
11.2 Evonik Industries AG
11.3 Jrlon, Inc.
11.4 Caledonian Ferguson Timpson Ltd
11.5 Celanese Corporation
11.6 Quadrant Epp Surlon India Limited
11.8 Darter Plastics, Inc.
11.10 Saudi Basic Industries Corporation
11.12 Stern Companies
12. Competitive Landscape
12.1 Competitive Benchmark
12.2 Market Share analysis
12.3 Recent Developments
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