Global polyether ether ketone (PEEK) market is expected to rise to an estimated value of USD 1.15 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026.
PEEK or polyether ether ketone is a semi-crystalline thermoplastic that possesses excellent chemical and mechanical resistance properties. It provides melting processability in conventional moulding techniques such as, injection moulding, compression moulding and extrusion, due to the presence of ether linkage. PEEK is highly used in the production of brake systems, powertrain, engine components, induction systems, fuel systems and is used as transmission components for automotive and aerospace industries.
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Companies Profiled in this report includes, Victrex plc, Solvay, Evonik Industries AG, Panjin Zhongrun High Performance Polymers Co. Ltd, Jrlon, Inc., Parkway Products, LLC., Stern Companies, A. Schulman, Inc., Caledonian Industries Ltd., Darter Plastics, J. K. Overseas, Prototype & Plastic Mold Company, Inc., and among others.
After study key companies, the report focuses on the startups contributing towards the growth of the market. Capable mergers and acquisitions among the startups and major organizations are identified by the report’s authors in the study. As leading vendors take efforts to maintain their dominance in the market, the right way to do so is by adopting new technologies and strategies. The report climaxes major technological developments and changing trends adopted by key vendors over a period of time. For a stronger and high steady business outlook, the report on the worldwide market carries key projections that can be practically studied.
Market Drivers:
- The improving economic conditions in developed economies is expected to drive the market in the forecast period
- Replacement of metals and other conventional materials by PEEK; this factor will also propel the market growth in near future
- Rising demand for PEEK in aerospace and automotive industries; this factor will also drive the market
- Increased demand for high efficiency and low weight materials will also drive the market
Market Restraints:
- Increasing competition from hybrid polymers and composites; this factor is expected to restrain the market in the forecast period
- High price of PEEK compared to conventional materials, will also restrain the market growth
- Deficient osteogenic properties and the bio-inertness of PEEK; this factor will also restrain the market in near future
Segmentation: Global Polyether Ether Ketone (PEEK) Market
By Type
- Glass Filled
- Carbon Filled
- Unfilled
By End-User
- Electrical & Electronics
- Aerospace
- Automotive
- Oil & Gas
- Medical
- Others
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With Polyether Ether Ketone (PEEK) business report it becomes easy to build a strong organization and make better decisions that take your business on the right track. This document is a valuable source of assistance for companies and individuals that offers industry chain structure, business strategies and proposals for new project investments. Polyether Ether Ketone (PEEK) report introduces top to bottom assessment of the industry including empowering technologies, key trends, market drivers, challenges, standardization, regulatory landscape, opportunities, future guide, value chain, ecosystem player profiles and strategies. This Polyether Ether Ketone (PEEK) industry analysis report describes in detail about the manufacturing process, type and applications.
Highlighted key points of this market research report:– This report provides pin-point analysis for changing competitive dynamics
– It provides a forward-looking perspective on different factors driving or restraining market growth
– It provides seven-years forecast assessed on the basis of how the market is predicted to grow
– It helps in understanding the key product segments and their future
– It provides pin point analysis of changing competition dynamics and keeps you ahead of competitors
– It helps in making informed business decisions by having complete insights of market and by making in-depth analysis of market segments.
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