Polyaryletherketone (PAEK) Market Size, Share Industry Analysis 2031
Precision Business Insights has published a report on the global polyaryletherketone (paek) market, estimating its value at USD 1,279.0 million in 2023 and is expected to expand at a compound annual growth rate (CAGR) of 6.5% over the forecast period 2025-2031. The report explores the market growth and potential opportunities in the market industry. Additionally, it offers a detailed analysis of how these elements will affect market demand dynamics and market performance throughout the forecast period.
View the detailed report description here - https://www.precisionbusinessinsights.com/market-reports/polyaryletherketone-paek-market
Market Definition:
The polyaryletherketone (PAEK) family of semi-crystalline thermoplastics has a molecular backbone that alternately comprises ketone (R-CO-R) and ether groups (R-O-R). They are known for their excellent mechanical strength and great thermal stability. A 1,4-substituted aryl group makes up the connecting group R, which connects the functional groups.
Drivers:
1) Increasing demand from the automotive industry
2) Rising demand for polyaryletherketone in medical industries
The global polyaryletherketone (paek) market segmentation:
1) By Product: Polyetherketone (PEK), Polyetherketoneketone (PEKK), Polyether ether ketone (PEEK) and Others.
2) By End User: Aerospace, Automotive, Electricals & Electronics, General Engineering, Medical, Military Weapons and Others.
Regional Overview:
The report also examines the current concerns and their Future Effects on the polyaryletherketone (paek) market by the region. The report covers all regions and countries, North America was the largest and Asia was the fastest-growing region in the polyaryletherketone (paek) market. The market has been segmented into numerous primary regions and a detailed evaluation of primary countries.
· North America (U.S., Canada)
· Europe (Germany, U.K., France, Italy, Russia, Spain, Rest of Europe)
· Asia-Pacific (China, India, Japan, Australia, Southeast Asia, Rest of Asia Pacific)
· Latin America (Mexico, Brazil, Argentina, Columbia, Rest of Latin America)
· Middle East & Africa (GCC, Egypt, Nigeria, South Africa, Rest of Middle East and Africa)
The key players profiled in the global polyaryletherketone (paek) market report are Victrex Plc (U.K), Solvay (Belgium), Arkema Group (France), JK Overseas (India), Quadrant AG (Switzerland), Gharda Chemicals Ltd (India), Evonik Industries AG (Germany), Caledonian Industries Ltd (U.K), Zyex Ltd (U.K), Panjin Zhongrun High Performance Polymers Co Ltd (China)
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