Global PEEK Market was valued US$ 380.5 Mn in 2018 and is expected to reach US$ 790.6 Mn by 2026, at CAGR of 9.57% during forecast period.
The major driver in market is increasing demand from end-user industries like the electrical and electronic industry and aerospace industry. The use of PEEK in numerous fast-growing industries creates a high potential to the market, which could make the market enter the billion markets list in number of time. Also the vast application of glass-filled PEEK is another major factor fueling the growth of the global market. However, strict regulations imposed on the leading polyether other ketone producers may negatively affect the global market growth. Also, undergoing research and developments for better suitable alternatives for various end-use industries are restraining the global PEEK market growth.
The report study has analyzed revenue impact of covid-19 pandemic on the sales revenue of market leaders, market followers and disrupters in the report and same is reflected in our analysis.
Based on end user segment, the medical end user industry is estimated to hold largest market share during the forecast period. Global PEEK market owns good biological resistance, electrical battle and minimal moisture absorption properties, greater thermal and is therefore found to be highly efficient for medical applications. Global PEEK market is used in several verticals like pharmaceutical, surgical equipment, biotechnology, diagnostics, and dental end-use industries. It is now widely preferred for the manufacture of medical equipment and devices like sizing trials for knee and hip replacements and fixation devices.
On the basis of type segment, glass filled segment is estimated to hold largest market share during forecast period. It is the most common type of global PEEK market and is used in a extensive range of industrial applications. Because of the ability to provide enhanced mechanical and thermal properties.
In terms of region, Asia-Pacific is estimated to hold largest market share during forecast period. There is an increasing demand for PEEK from both developed and emerging countries like Japan, Australia, China, India, and others in this region. Growing demand from electrical & electronics industry is expected to drive the growth of the global PEEK market in China and South Korea. Growing urbanization, population, and investments in end-use industries are driving the growth of the global PEEK market in the Asia-Pacific region. Also, increasing components manufacturing, electrical & electronic, coupled with the growing automotive industry.
This report studies the global PEEK market size by players, regions, product types and end industries, forecast data 2019-2026 This report also studies the global market competition landscape, opportunities and challenges, market drivers and trends, risks and entry barriers, sales channels, distributors and Porter’s Five Forces Analysis.
The objective of the report is to present a comprehensive assessment of the market and contains thoughtful insights, facts, historical data, industry-validated market data and projections with a suitable set of assumptions and methodology. The report also helps in understanding global PEEK market dynamics, structure by identifying and analyzing the market segments and project the global market size. Further, the report also focuses on the competitive analysis of key players by product, price, financial position, product portfolio, growth strategies, and regional presence. The report also provides PEST analysis, PORTER’s analysis, and SWOT analysis to address the question of shareholders to prioritizing the efforts and investment in the near future to the emerging segment in global PEEK market.
Scope of the Global PEEK Market
Global PEEK Market, By End User
• Electrical & Electronics
• Oil & Gas
Global PEEK Market, By Type
• Glass Filled
• Carbon Filled
Global PEEK Market, By Region
• North America
• Asia Pacific
• Middle East and Africa
• South America
Key players operating in Global PEEK Market
• Victrex PLC
• Solvay S.A.
• Evonik Industries AG
• Saudi Basic Industries Corporation (SABIC)
• Panjin Zhongrun High Performance Polymers Co. Ltd
• Celanese Corporation
• Zyex Ltd
• Quadrant Epp Surlon India Ltd
• Prototype & Plastic Mold Co. Inc.
• Jrlon Inc.
• J. K. Overseas
• Darter Plastics Inc.
• Caledonian Ferguson Timpson Ltd
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