The global PEEK market is projected to be worth USD 1,225.7 Million by 2027, according to a current analysis by Emergen Research. The PEEK (Polyether Ether Ketone) market is observing a high demand attributed to its increasing demand from the automotive industry. A growing emphasis on safety standards and eco-friendliness is a critical factor driving the demand for PEEK in the automotive industry, which consistently focuses on reducing manufacturing costs and improving efficiency and durability to provide prolonged warranties. The growing necessity for automotive weight reduction, fueled by the need to have better mileage and lower carbon dioxide emissions, are causative of the miniaturization of the automotive component and modules and functional incorporation. Consequently, OEMs are focusing on advanced and innovative materials such as PEEK, possessing lightweight and high specific strength to manufacture cost-effective parts with enhanced performance. Moreover, PEEK, with its exceptional ductility and high fatigue strength, is beneficial in lowering maintenance resulting in uptime and increased productivity. Superior combination of high fatigue strength and ductility.
The global health crisis has gravely affected the Polyaryletherketone industry, disrupting the global supply chains and bringing about volatility in prices and product demand. However, industry experts believe that the global Polyaryletherketone market will regain traction in the post-COVID scenario. The report further offers a preliminary and a future assessment of the pandemic’s impact on this lucrative business space.
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Key companies profiled in the report include:
Arkema, SABIC, Solvay, Celanese Corporation, Ensinger, Victrex plc, Evonik, Mitsubishi Chemical Advanced Materials, AKRO-PLASTIC GmbH, and Nanoshel LLC
Key Questions Answered by the Report:
What are the key product types and applications of the Polyaryletherketone industry?
What is the outcome of SWOT analysis and Porter’s Five Forces analysis?
Which region is expected to dominate the market in the coming years?
What are the recent technological and product advancements occurring in the market?
What are the key strategies adopted by the prominent players in the Polyaryletherketone market?
How is the competitive landscape of the Polyaryletherketone market?
Who are the key players in the industry?
What is the growth rate of the industry over the coming years?
What will be the valuation of the Polyaryletherketone Market by 2027?
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Market Segmentation
-
Product Type Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2030)
- Polyether Ether Ketone (PEEK)
- Polyether Ketone (PEK)
- Polyether Ketone Ketone (PEKK)
-
Filler Type Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2030)
- Unfilled
- Carbon Filled
- Glass Filled
-
Application Outlook (Revenue, USD Million, Volume, Kilotons; 2019-2030)
- Oil & Gas
- Medical
- Electrical & Electronics
- Automotive
- Aerospace
- Others
Regional Analysis:
Regional analysis includes an in-depth study of the key geographical regions to gain a better understanding of the market and provide an accurate analysis. The regional analysis covers North America, Latin America, Europe, Asia Pacific, and Middle East Africa. The regional analysis covers the analysis of key market segments, including revenue, CAGR, import/export, supply and demand ratio, production and consumption ratio, industrial chain analysis, and market dynamics in each region of the geographies.
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ToC of the report:
Chapter 1: Market overview and scope
Chapter 2: Market outlook
Chapter 3: Impact analysis of COVID-19 pandemic
Chapter 4: Competitive Landscape
Chapter 5: Drivers, Constraints, Opportunities, Limitations
Chapter 6: Key manufacturers of the industry
Chapter 7: Regional analysis
Chapter 8: Market segmentation based on type applications
Chapter 9: Current and Future Trends
Thank you for reading the report. The report can be customized as per the requirements of the clients. For further information or query about customization, please reach out to us, and we will offer you the report best suited for your needs.
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