The Global Polyether Ether Ketone (PEEK) market is projected to reach USD 664.3 Million by 2021, at a CAGR of 6.3% from 2016 to 2021. The growth of this market can be attributed to the growing demand from the end user industries in the developed economies, including the U.S. and the European countries, coupled with the increasing investments in the electrical & electronics and transportation (aerospace and automotive) industries in emerging economies including China, South Korea, India, and Brazil,.
The Asia-Pacific region is the fastest-growing market as it is one of the major consumers of PEEK. There is an increasing demand for PEEK from both, developed and emerging countries such as Japan, China, India, Australia, and others in this region. The increasing demand from the electrical & electronics industry is expected to drive the PEEK market in China and South Korea.
Growing population, urbanization, and investments in end-use industries are driving the growth of the PEEK market in the Asia-Pacific region. The increasing manufacture of electrical & electronic components, coupled with the growing automotive industry, is expected to further boost the PEEK market in this region.
One of the major inhibitors for this market is the high cost of PEEK. Manufacturing PEEK products that can withstand high temperatures requires a high level of technical competency. Also, PEEK manufacturers are required to make high investments, as the manufacturing process is highly complex than that for any other group of polymers. Due to these factors, the production of PEEK is costly, and thus the cost of end-products is also very high.
- Caledonian Ferguson Timpson Ltd
- Celanese Corporation
- Darter Plastics Inc.
- Evonik Industries AG
- J. K. Overseas
- Jrlon Inc.
- Panjin Zhongrun High Performance Polymers Co. Ltd
- Prototype & Plastic Mold Co. Inc.
- Quadrant Epp Surlon India Ltd
- Saudi Basic Industries Corporation (SABIC)
- Solvay S.A.
- Victrex PLC
Key Topics Covered:
2 Research Methodology
3 Executive Summary
4 Premium Insights
5 Market Overview
6 Industry Trends
7 PEEK Comparison With Metals
8 PEEK Comparison With Composites
9 PEEK Market, By End User
10 PEEK Market, By Type
11 PEEK Market, By Region
12 Competitive Landscape
13 Company Profiles
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