Report Id: SNS/C&M/1496 | May 2022 | Region: Global | 125 Pages
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.
Market Dynamics
Drivers
Initiatives like Internet of things (IoT) and automation.
Increasing demand for PEEK in aerospace and automotive industries.
Restraint:
Cost of end-products is also very high.
Opportunity:
Raising demand in aerospace, automotive, oil & gas, medical and electronics industry.
Challenge:
Lack of availability of quality compounders and distributors.
Key players:
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
Market Segmentation:
By Type:
Glass Filled
Carbon Filled
Unfilled
Others
By End-Use Industry:
Electrical & Electronics
Aerospace
Automotive
Oil & Gas
Medical
Others
Regional Analysis:
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 2015, 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.
REGIONAL COVERAGE:
North America
USA
Canada
Mexico
Europe
Germany
UK
France
Italy
Spain
The 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
Report Attributes | Details |
---|---|
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 |
Base Year | 2022 |
Forecast Period | 2023-2030 |
Historical Data | 2020-2021 |
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. |
Frequently Asked Questions (FAQ) :
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. Introduction
1.1 Market Definition
1.2 Scope
1.3 Research Assumptions
2. Research Methodology
3. Market Dynamics
3.1 Drivers
3.2 Restraints
3.3 Opportunities
3.4 Challenges
4. Impact Analysis
4.1 COVID-19 Impact Analysis
4.2 Impact of Ukraine- Russia war
4.3 Impact of ongoing Recession
4.3.1 Introduction
4.3.2 Impact on major economies
4.3.2.1 US
4.3.2.2 Canada
4.3.2.3 Germany
4.3.2.4 France
4.3.2.5 United Kingdom
4.3.2.6 China
4.3.2.7 Japan
4.3.2.8 South Korea
4.3.2.9 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
8.3 Unfilled
8.4 Others
9. Global Polyether Ether Ketone (PEEK) Market, By End-Use Industry
9.1 Aerospace
9.2 Automotive
9.3 Oil & Gas
9.4 Medical
9.5 Others
9.6 Electrical & Electronics
11. Regional Analysis
11.1 Introduction
11.2 North America
11.2.1 USA
11.2.2 Canada
11.2.3 Mexico
11.3 Europe
11.3.1 Germany
11.3.2 UK
11.3.3 France
11.3.4 Italy
11.3.5 Spain
11.3.6 The Netherlands
11.3.7 Rest of Europe
11.4 Asia-Pacific
11.4.1 Japan
11.4.2 South Korea
11.4.3 China
11.4.4 India
11.4.5 Australia
11.4.6 Rest of Asia-Pacific
11.5 The Middle East & Africa
11.5.1 Israel
11.5.2 UAE
11.5.3 South Africa
11.5.4 Rest
11.6 Latin America
11.6.1 Brazil
11.6.2 Argentina
11.6.3 Rest of Latin America
12. Company Profiles
12.1 Victrex plc
12.1.1 Financial
12.1.2 Products/ Services Offered
12.1.3 SWOT Analysis
12.1.4 The SNS view
12.2 Evonik Industries AG
12.3 Jrlon, Inc.
12.4 Caledonian Ferguson Timpson Ltd
12.5 Celanese Corporation
12.6 Quadrant Epp Surlon India Limited
12.7 Solvay
12.8 Darter Plastics, Inc.
12.9 SABIC
12.10 Saudi Basic Industries Corporation
12.11 Zyex
12.12 Stern Companies
13. Competitive Landscape
13.1 Competitive Benchmark
13.2 Market Share analysis
13.3 Recent Developments
14. Conclusion
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