Global Polyetheretherketone (PEEK) Market was valued at USD 0.75 billion in 2021 and is expected to reach USD 1.27 billion by 2029, registering a CAGR of 6.8% during the forecast period of 2022-2029. 

Industry Analysis

Over the last few years, there has been immense growth in the chemical industry. Additionally, polyetheretherketone is gaining popularity in the medical field. MRI compatibility, sterilization resistance and lack of toxicity are among other major characteristics that make polyether ether ketone (PEEK) suitable for various medical applications. Consequently, these factors have significantly contributed to the market, which further increases the overall growth for the market.

The market report curated by the Data Bridge Market Research team includes in-depth expert analysis, import/export analysis, pricing analysis, production consumption analysis, and climate chain scenario.

Polyether ether ketone (PEEK) is a semi-crystalline thermoplastic composed of two ether and a ketone group of repeated monomers. Polyether ether ketone (PEEK) is a member of the polyaryletherketone (PAEK) family that is produced through step growth polymerization of bisphenolate salts. PEEK (polyetheretheretherketone) is commonly used in high-temperature applications that require a combination of excellent thermal, chemical, and combustion properties.

Global Polyetheretherketone (PEEK) Market Scope

The polyetheretherketone (PEEK) market is segmented on the basis of type and end use industry. The growth amongst these segments will help you analyze meagre growth segments in the industries and provide the users with a valuable market overview and market insights to help them make strategic decisions for identifying core market applications.

Type

• Glass Filled
• Carbon Filled
• Unfilled
• Others

End Use Industry

• Electrical and Electronics

• Aerospace
• Automotive
• Oil and Gas
• Medical
• Others

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Polyetheretherketone (PEEK) Market Regional Analysis/Insights

The polyetheretherketone (PEEK) market is analysed and market size insights and trends are provided by country, type and end use industry as referenced above.

The countries covered in the polyetheretherketone (PEEK) market report are U.S., Canada and Mexico in North America, Germany, France, U.K., Netherlands, Switzerland, Belgium, Russia, Italy, Spain, Turkey, Rest of Europe in Europe, China, Japan, India, South Korea, Singapore, Malaysia, Australia, Thailand, Indonesia, Philippines, Rest of Asia-Pacific (APAC) in the Asia-Pacific (APAC), Saudi Arabia, U.A.E, Israel, Egypt, South Africa, Rest of Middle East and Africa (MEA) as a part of Middle East and Africa (MEA), Brazil, Argentina and Rest of South America as part of South America.

Europe dominates the polyetheretherketone (PEEK) market because of the increasing demand in the transportation sector due to the stringent guidelines regarding the environment and fuel consumption reduction within the region.

On the other hand, Asia-Pacific is estimated to show lucrative growth during the forecast period of 2022 to 2029 due to the growing demand from domestic markets. Moreover, the rising applications of the Polyether Ether Ketone (PEEK) in the electrical and electronics, aerospace, and automotive applications is further anticipated to further propel the growth of the Polyether Ether Ketone (PEEK) market in the region.

The country section of the report also provides individual market impacting factors and changes in market regulation that impact the current and future trends of the market. Data points like down-stream and upstream value chain analysis, technical trends and porter's five forces analysis, case studies are some of the pointers used to forecast the market scenario for individual countries. Also, the presence and availability of global brands and their challenges faced due to large or scarce competition from local and domestic brands, impact of domestic tariffs and trade routes are considered while providing forecast analysis of the country data.   

Competitive Landscape and Polyetheretherketone (PEEK) Market Share Analysis

The polyetheretherketone (PEEK) market competitive landscape provides details by competitor. Details included are company overview, company financials, revenue generated, market potential, investment in research and development, new market initiatives, global presence, production sites and facilities, production capacities, company strengths and weaknesses, product launch, product width and breadth, application dominance. The above data points provided are only related to the companies' focus related to polyetheretherketone (PEEK) market.

Some of the major players operating in the polyetheretherketone (PEEK) market are

·       Victrex plc (U.K.)

·       Corporate. Evonik (Germany)

·       Panjin Zhongrun High Performance Polymers Co. Ltd., (China)

·       Dupont (U.S.)

·       SOLVAY (Belgium)

·       DAIKIN (Japan)

·       Dow (U.S.)

·       Freudenberg SE (Germany)

·       The Chemours Company (U.S.)

·       Metalubgroup (Israel)

·       M&I Materials Limited (U.K)

·       Lubrilog (France)

·       ECCO Gleittechnik GmbH (Germany)

·       Ashland Inc (U.S.)

·       Arkem S.A. (France)

·       Hexcel Corporation (U.S.)

·       BASF SE (Germany)

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MAJOR TOC OF THE REPORT

Ø  Chapter One: Introduction

Ø  Chapter Two: Market Segmentation

Ø  Chapter Three: Market Overview

Ø  Chapter Four: Executive Summary

Ø  Chapter Five: Premium Insights

Ø  Chapter Six: Global Polyetheretherketone (PEEK) Market by Product & Procedure type

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