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Polyether Ether Ketone (PEEK) Market

Polyether Ether Ketone (PEEK) Market Size, Share & Segment By Type (Glass Filled, Carbon Filled, Unfilled, Others), By End-Use Industry (Electrical & Electronics, Aerospace, Automotive, Oil & Gas, Medical, Others), and by Regions | Global Market Forecast 2022-2028

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 0.6 billion in 2021 and is expected to reach USD 1.06 billion by 2028, and grow at a CAGR of 6.5% over the forecast period 2022-2028. 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.

Polyether Ether Ketone (PEEK) Market Revenue Graph

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

Polyether Ether Ketone (PEEK) Market Segment Pie Chart

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

Polyether Ether Ketone (PEEK) Market Report Scope:
Report Attributes Details
Market Size in 2021 US$ 0.6 Billion
Market Size by 2028 US$ 1.06 Billion
CAGR CAGR of 6.5% From 2022 to 2028
Base Year 2021
Forecast Period 2022-2028
Historical Data 2017-2020
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

 

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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Secondary Research

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