PEEK (Polyether ether ketone) Market Size Worth 11478.03 Tons by 2028

27 May 2022

Polyether ether ketone Market is a volume at 8477.51 Tons in 2021 and is expected to reach 11478.03 Tons by 2028 with a CAGR of 5.18% over the forecast period.

The Detailed Market intelligence report on the Polyether Ether Ketone Market applies the most effective of each primary and secondary analysis to weighs upon the competitive landscape and also the outstanding market players expected to dominate Polyether Ether Ketone Market place for the forecast 2022 – 2028.

Polyether Ether Ketone Market Key Players:

Parkway Products, Inc.

Schulman AG

Stern Industries Inc

Victrex

Solvay

PLC

Prototype

Plastic Mold co.

Scope of The Polyether ether ketone Market:

Due to the increase in application, in medical and aerospace areas, the growth in the sector of the carbon-filled domain in the polyether ether ketone market has been the highest. The unfilled polyether ether ketone has been the purest form that has been used for niche industries. There are factors like the higher price of their cost-based competitiveness which is restraining the growth of the global polyether ether ketone market.

Polyether ether ketone or PEEK is dependent on the substance which is a thermoplastic that is semi-crystalline and has been insert and a polymer which is stable thermally. The substance has its applications in aerospace, nuclear, medical implants and the temperature resistance interface. There are very specific properties like the higher resistance to temperature and the resistance to hydrolysis as well as the self-lubrication, high mechanical levels of strength and easier processing. Polyether ether ketone produces a little amount of smoke or the gas emissions that are toxic when it gets exposed to flame. The substance melts a temperature that is relatively high in comparison to the other thermoplastics, as well as the range of the temperature at which they melt, may be processed by making use of the methods of extrusion, injection molding, and pressing methods or the forming of sprays.

The segmentation of the global polyether ether ketone market has been done on the basis of application, type and geography. As far as the type basis is concerned, the markets may be segmented into the carbon-filled PEEK, glass filled PEEL and the unfilled PEEK. On the basis of application, the global polyether ether ketone market has been classified into electrical, industrial, automotive, aerospace and medical in addition to a few others. The breakdown of geography as well as the deeper levels of analysis of every segment which has been said earlier has been included into the segments of LAMEA, Europe, North America as well as Asia-Pacific. On the basis of products, it is glass filled PEEK which has been expected to continue leading this market over the period of forecast which was followed by the carbon-filled sector. The application in electric and electronic and industrial areas of application has been expected to see a major driver of growth of this sector.

Automotive and industrial and general engineering application areas led the market in 2018. Growing packaging concerns coupled with stringent environmental regulations is expected to drive product demand from the industrial application segment over the forecast period.

At the other end, the manufacturers of automobiles have been recently trying to increase fuel efficiency by the reduction of the weight of automobiles. This is a major factor which has been driving the market as it is environment friendly and it is now replacing the metals. Aerospace as a sector has been emerging as a significant area of application and has been expected to drive the demand overall due to the increase in the demand levels in the newer passenger aircraft. These aircraft utilize the carbon-filled PEEK. The growth in demand has been estimated as the biggest driver of the market. 

Polyether Ether Ketone Market Segmentation:

By Type

Unfilled PEEK

Carbon Filled PEEK

Glass Filled PEEK

By Application

Industrial

Electrical & Electronics

Automotive

Medical, Aerospace

North America and Europe to Dominate the Global Polyether Ether Ketone Market

North America and Europe are the markets which hold the majority of the market share in this market. There is a growth which is expected to take place substantially in the years forthcoming and this may be attributed to the rapid levels of growth as well as the increased levels of innovation for developing the newer applications. Stronger base of the customers in Europe has been driving the growth in the market.

Key Benefits of Global Polyether ether ketone Industry Report–

Global Polyether ether ketone Industry report covers in-depth historical and forecasts analysis.

Global Polyether ether ketone Industry research report provides detailed information about Market Introduction, Market Summary, Global market Revenue (Revenue USD), Market Drivers, Market Restraints, Market opportunities, Competitive Analysis, and Regional and Country levels.

Global Polyether ether ketone Industry report helps to identify opportunities in the marketplace.

Global Polyether ether ketone Industry report covers extensive analysis of emerging trends and the competitive landscape.

Share on: