The global PAEK market size was USD 953.6 Million in 2021 and is expected to register a revenue CAGR of 6.1% during the forecast period, according to latest analysis by Emergen Research. Increasing demand for lightweight materials in automotive industry for reducing overall vehicle weight, and enhancing fuel-efficiency, and reducing carbon emissions is a key factor driving market revenue growth.
Polyaryletherketone Market Rising demand for lightweight materials in automotive industry and environmental pollution concerns are major factors driving global PAEK market revenue growth. Various benefits of PAEK materials such as exceptional chemical, heat, and hydrolysis resistance enables application in a variety of applications, including manufacturing of seals, valves, and bearings for oil drilling, chemical pumps, and automotive gears. High demand for PAEK plastics owing to reduced toxic and corrosive fumes for applications in aerospace sector and for manufacturing of aviation interiors are expected to drive market growth. High resistance to hydrolysis, which means PAEK material does not break down when sterilized, enables production of components for medical devices and surgical implants.
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The latest market intelligence report, titled ‘Global Polyaryletherketone Market’, is intended to provide the target audience with the necessary information about the global Polyaryletherketone Market industry. The report comprises a detailed analysis of the vital elements of the Polyaryletherketone Market, including key drivers, constraints, opportunities, limitations, threats, and micro- and macro-economic factors.
Competitive Landscape:
The latest report encases an in-depth summary of the intensely competitive landscape of the global Polyaryletherketone Market, with systematic profiling of the companies operating across this industry. In this section of the report, experts have listed down the strategic initiatives undertaken by these market rivals for proposed business expansion. Additionally, it highlights the key developments and financial positions of these companies to explain the overall market scenario. The company profiles of the established and new players have also been assessed in the report through effective analytical tools like SWOT analysis.
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Polyaryletherketone Market in North America is expected to register a steady revenue growth rate over the forecast period owing to increasing usage of PAEK in the automotive industry to manufacture various exterior and interior components and products for applications in automobiles. The U.S. is one of the leading medical device manufacturer in the world, and high demand for advanced medical devices is expected to support revenue growth of market in region to a significant extent.
Some Key Highlights From the Report :
PEEK segment revenue accounted for largest revenue share during forecast period. Rising demand for PEEK from oil and gas, medical, automotive, and aerospace industries, especially in countries such as China and India, owing to increasing consumption of electrostatics, bearings, industrial coatings, and body implants, is expected to continue to support revenue growth of this segment.
Glass filled segment accounted for largest revenue share in 2021. Glass filled PAEK delivers superior thermal and mechanical characteristics, along with high resistance to electricity and corrosive chemicals. Glass filled PEEK significantly improves thermal bearing strength and provides high radiation and creep resistance. Enhanced strength and high thermal stability are some of the factors driving demand for glass-filled PEEK in structural applications, and the trend is expected to continue going ahead.
Medical segment revenue is expected to register fastest growth rate over the forecast period. PAEK implants are widely used owing to antimicrobial property as well as high endurance for CT, X-rays, and MRI scanning. PEEK material is an advanced biomaterial with hydrolysis-resistant and anti-corrosive property, and utilization in medical implants, spinal fusion devices, and surgical instruments, among others, is relatively high currently, and traction is expected to continue and support revenue growth of the medical segment over the forecast period.
Competition in the Polyaryletherketone Market :
The Polyaryletherketone Market report contains information on leading vendors’ product launches, sustainability, and prospects, such as: Key players in the market include Arkema, SABIC, Solvay, Celanese Corporation, Ensinger, Victrex plc, Evonik, Mitsubishi Chemical Advanced Materials, AKRO-PLASTIC GmbH, and Nanoshel LLC
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The Global Polyaryletherketone Market report assesses the historical and current data along with a thorough analysis of the market dynamics. The report also sheds light on the significant market growth driving and restraining factors that are anticipated to influence the market growth through the forecast period. The report explores the effects of the pandemic on the market and its key segments and regions. It also offers a forecast estimation of the market growth in a post-COVID-19 scenario.
Emergen Research has segmented the global PAEK market on the basis of product type, filler type, application, and region:
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
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Region wise performance of the Polyaryletherketone industry
North America Polyaryletherketone Market forecast is expected to remain significantly positive in terms of revenue share between 2022 and 2030 . In addition, North America Polyaryletherketone Market revenue share is expected to remain comparatively larger than that of other regional markets from 2022 to 2030 .
Asia Pacific registered fastest revenue CAGR in 2022, and the Polyaryletherketone Market forecast is that this trend is expected to continue going ahead. Market forecast states that revenue share contribution from China, India, and South Korea is expected to remain robust till 2030 .
Europe Polyaryletherketone Market forecast is positive currently, with revenue growth expected to remain steady between 2022 and 2030 . Robust focus on research and development initiatives by major firms and changing trends and demographics in countries in the region are some factors expected to continue to support Polyaryletherketone Market growth.
Global Polyaryletherketone Market has been classified into the subsequent geographical segments:
North America (U.S., Canada, Mexico)
Europe (U.K., Italy, Germany, France, Rest of EU)
Asia Pacific (India, Japan, China, South Korea, Australia, Rest of APAC)
Latin America (Chile, Brazil, Argentina, Rest of Latin America)
Middle East & Africa (Saudi Arabia, U.A.E., South Africa, Rest of MEA)
Key questions answered in the report:
What will the Polyaryletherketone Market growth rate be?
What are the primary factors propelling the Global Polyaryletherketone Market?
Who are the market’s leading manufacturers?
What are the market’s opportunities, threats, and market structure?
What are the top manufacturers’ sales, revenue, and price analysis in the Polyaryletherketone market?
Who are the Polyaryletherketone Market distributors, traders, and dealers?
What are the Polyaryletherketone Market opportunities and threats that vendors in the Global Polyaryletherketone industries are confronted with?
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