DUBLIN--(BUSINESS WIRE)--The "Global Polyether Ether Ketone (PEEK) Market - Segmented by Product Type, End-user Industry and Geography - Growth, Trends and Forecasts (2018 - 2023)" report has been added to ResearchAndMarkets.com's offering.
The global polyether ether ketone (PEEK) market was valued at USD 564.79 million in 2016.
The growing global consumer awareness regarding environmental protection and the resultant demand for fuel-efficient, lightweight vehicles have forced the manufacturers in the automotive sector to reduce the overall weight of the vehicles. The use of polyether ether ketone (PEEK) facilitates weight reduction and provides maximum strength, lower fuel consumption, and lower carbon dioxide emission. These factors drive the market globally.
Emerging trends in the modern automotive industry are constantly focused on performance levels and reduction of weight of in-engine components for robust environmental and safety standards. OEMs are seeking novel substitutes that offer enhanced specific strength and lower weight, with improved efficiency and performance.
Germany is Europe's number one automotive market in production and sales terms, accounting for around 30% of all passenger cars manufactured, and almost 20% of all new registrations. Germany also boasts of having the largest concentration of OEM plants in Europe. There are currently 41 OEM sites located in Germany. German OEM market share in Western Europe was more than 51% in 2015.
The automotive industry accounts for 20% of the entire German industry revenue, therefore, the consumption of PEEK is high in this sector. Moreover, the electrical & electronics sector in Germany has been witnessing significant growth in the past few years.
Germany is the manufacturing hub for metal alloys, machinery, and equipment. Hence, the market for PEEK in Germany and Europe looks promising and is expected to register a steady growth during the forecast period.
Notable Developments in the Market
- November 2017: Solvay unveiled Zeniva ZA-600 CF30 PEEK, a high-strength, injection moldable polymer for implantable devices.
Key Topics Covered
2. Executive Summary
3. Market Insights
4. Market Dynamics
5. Market Segmentation and Analysis
6. Regional Market Analysis
7. Competitive Landscape
8. Company Profiles
- Jida Evonik High-performance Polymers (Changchun) Co Ltd
- Parkway Products Inc.
- Zyex Ltd
- Quadrant AG
- RTP Co.
- Solvay SA
- Celanese Corp.
- Polyone Corp.
- A. Schulman
- Aetna Plastics
- Caledonian Ferguson Timpson
- J.K. Overseas
- CBC Co. Ltd
9. Future of the Market
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