LONDON--(BUSINESS WIRE)--According to the latest market study released by Technavio, the global polyether ether ketone (PEEK) market is projected to grow to USD 802.67 million by 2021, at a CAGR of more than 10% over the forecast period.
This research report titled ‘Global Polyether Ether Ketone Market 2017-2021’ provides an in-depth analysis of the market in terms of revenue and emerging market trends. This market research report also includes up to date analysis and forecasts for various market segments and all geographical regions.
| PEEK is one of the most studied polymers among aromatic ketone polymers (AKPs), used in the most demanding and harsh processing environments. The global PEEK market encompasses applications in the electrical and electronics, automotive, aerospace, and oil and gas industries. |
This report is available at a USD 1,000 discount for a limited time only: View market snapshot before purchasing
Buy 1 Technavio report and get the second for 50% off. Buy 2 Technavio reports and get the third for free.
Based on the type, the report categorizes the global PEEK market into the following segments:
- Glass-filled PEEK
- Carbon-filled PEEK
- Unfilled PEEK
Glass-filled PEEK
“The glass-filled polyether ether ketone segment occupied more than 82% of the market in 2016 and is expected to grow swiftly over the forecast period. Its applications involving sliding parts and high static loads for extended periods is expected to drive the growth of the market segment,” says Hitesh Bhatia, a lead analyst at Technavio for specialty chemicals research.
Glass-filled PEEK or glass fiber reinforced PEEK has better stiffness, dimensional stability, and creep resistance, which makes them suitable to be used in combination with a general-purpose grade or unfilled PEEK to obtain a significant reduction of expansion rate and increase in the flexural modulus of PEEK.
Carbon-filled PEEK
Carbon-filled PEEK or carbon fiber reinforced PEEK offers better load-bearing capabilities, continuous high-temperature workability, and resistance to hydrolysis. Carbon fibers added to unfilled PEEK enhances the compressive strength and stiffness of PEEK, which results in lowering the expansion rate.
The global carbon-filled PEEK market was valued at USD 45.94 million in 2016 and is expected to showcase a moderate growth rate over the forecast period. The black color of the carbon-filled PEEK products is aesthetically appealing, which is expected to drive the growth of the market segment.
Unfilled PEEK
“Unfilled, or general-purpose polyether ether ketone offers the maximum elongation and toughness when compared to the other varieties of polyether ether ketones. It also possesses unique functionalities such as static dissipation and high-temperature processability,” says Hitesh.
The unique functionalities of the product can be achieved by reinforcing unfilled PEEK. It also complies with the Food and Drug Administration (FDA) regulations for food contact materials, making it suitable for use in the packaging and pharmaceutical applications.
The top vendors highlighted by Technavio’s research analysts in this report are:
- A. Schulman
- Caledonian Industries
- Evonik Industries
- Solvay
- Victrex
Browse Related Reports:
- Global Resorcinol Market 2017-2021
- Global Anti-foaming Agents Market 2017-2021
- Global Washing Soda Market 2017-2021
Become a Technavio Insights member and access all three of these reports for a fraction of their original cost. As a Technavio Insights member, you will have immediate access to new reports as they’re published in addition to all 6,000+ existing reports covering segments like glass and ceramics, industrial gases, and paints, coatings, and pigments. This subscription nets you thousands in savings, while staying connected to Technavio’s constant transforming research library, helping you make informed business decisions more efficiently.
About Technavio
Technavio is a leading global technology research and advisory company. The company develops over 2000 pieces of research every year, covering more than 500 technologies across 80 countries. Technavio has about 300 analysts globally who specialize in customized consulting and business research assignments across the latest leading edge technologies.
Technavio analysts employ primary as well as secondary research techniques to ascertain the size and vendor landscape in a range of markets. Analysts obtain information using a combination of bottom-up and top-down approaches, besides using in-house market modeling tools and proprietary databases. They corroborate this data with the data obtained from various market participants and stakeholders across the value chain, including vendors, service providers, distributors, resellers, and end-users.
If you are interested in more information, please contact our media team at media@technavio.com.
