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Polyether Ether Ketone (PEEK) Market Competitive Landscape, Growth Factors, Revenue Analysis, 2020–2026

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Polyether Ether Ketone (PEEK) Market Size – USD 0.68 Billion in 2018, Market Growth - CAGR of 6.9%, Market Trends –The rising concern for fuel efficiency globally is fuelling the market growth.

The global Polyether Ether Ketone (PEEK) Market is estimated to reach USD 1.16 Billion by 2026, according to a new report by Reports and Data. PEEK (Polyetheretherketone) is a high-performance manufacturing, semi-crystalline thermoplastic. This hard opaque (grey) substance offers a unique mixture of immunity to chemicals, mechanical characteristics, exhaust, fatigue and as well as exceptionally high-temperature resistance, up to 480°F (260°C). The polymer refers to polyketone family of polymers (PEEK, PEK, PEKK, PEEKK, and PEKEKK), PEEK is the most extensively used and is produced in large scale amongst them.

Growing demand for high-performance plastics as a replacement to metals in automotive due to the increasing need for high performance and low weight materials is anticipated to drive the market. The stringent environmental administrative structure in advanced markets of Europe and the U.S has pushed the automotive business associates to use alternatives which help reduce fuel consumption by improving overall fuel efficiency. Such regional inclinations are expected to impact global volumes over the forecast period positively.

 

Polyether Ether Ketone (PEEK) Market Size – USD 0.68 Billion in 2018, Market Growth - CAGR of 6.9%, Market Trends –The rising concern for fuel efficiency globally is fuelling the market growth.

 

 

 

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Further key findings from the report suggest

  • Due to its persuasive crystalline composition, it is intrinsically opaque grey in color.
  • The material is used widely for its high durability, hardness, and rigidity to high temperature
  • Based on Technology the market is segmented as 3D printing, Extrusion and Injection Molding.
  • The slower the 3D printing rate, the more specific the result will be.
  • Due to its unique features, 3D printing PEEK supports the development of nearly any complex pattern geometry, which cannot be produced using other technologies.
  • It is substituting titanium, which was used for such purposes initially.
  • Carbon-filled PEEK is favored more for such pharmaceutical uses.
  • The market in Europe region is anticipated to grow at a rate of 7.0% during the forecast period.
  • Celanese Corporation signed an acquisition contract with SO.F.TER Group (Italy) one of the world’s largest thermoplastic compounder manufacturers, in October 2016.
  • Key participants include SABIC, Schulman, Inc., Solvay, Caledonian Ferguson Timpson Ltd, Aetna Plastics Corp., CBC Co. Ltd, Celanese Corporation, Evonik Industries AG, Parkway Products, LLC., J.K. Overseas, Jilin Province Zhongyan Polymer Materials Co., Ltd., Polyone, Quadrant AG, RTP Company, Victrex plc and ZYEX Ltd

 

To identify the key trends in the industry, click on the link below: https://www.reportsanddata.com/report-detail/polyether-ether-ketone-peek-market

 

For the purpose of this report, Reports and Data have segmented global Polyether Ether Ketone (PEEK) Market on the basis of Product, Technology, Application, and region:

 

Product Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

  • Carbon Filled
  • Glass Filled
  • Unfilled

 

Technology Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

  • 3D Printing
  • Extrusion
  • Injection Molding

 

Application Outlook (Volume, Kilo Tons; and Revenue, USD Billion; 2016-2026)

  • Automotive
  • Healthcare
  • Aerospace
  • Oil Gas
  • Others

 

  1. Report Overview

1.1 Research Scope

1.2 Key market segments

1.3 Leading market players

1.4 Market segmentation by type

1.5 Market segmentation by application

1.6 Market segmentation by geography

1.7 Key learning objectives

1.8 Report timeline

 

  1. Global Growth Trends

2.1 Global market size

2.2 Latest market trends by region

2.3 Key corporate trends

 

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