The global polyetheretherketone (PEEK) market is projected to reach $1.3 billion by 2028, at a CAGR of 5.3% during 2022-2028. The growth of polyetheretherketone (PEEK) market is driven by growing demand for light weight, high heat resistance, and high strength end uses in different end use.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the polyetheretherketone (PEEK) market by end use industry (electronics, oil & gas, aerospace, medical, automotive, and others), usage (unfilled, carbon composites and glass composites), and region (North America, Europe, Asia Pacific, and the Rest of the World)?
Q.2 Which segments will grow at a faster pace and why?
Q.3 What are the business risks and threats to the polyetheretherketone (PEEK) market?
Q.4 What are some changing demands of customers in the polyetheretherketone (PEEK) market?
Q.5 What are the new developments in the polyetheretherketone (PEEK) market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this polyetheretherketone (PEEK) area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this polyetheretherketone (PEEK) market?
Emerging trends, which have a direct impact on the dynamics of the industry, include development of new applications, such as car gears, dental disc, and knee implants.
Market Segmentation:
Based on end use, the polyetheretherketone (PEEK) market is segmented into unfilled, carbon composites and glass composites. The electronics segment accounted for the largest share of the market in 2022 and is expected to register the highest CAGR during the forecast period, due to its wide use in mobile and semiconductor end uses.
Europe is expected to remain the largest region over the forecast period due to the increasing consumption of PEEK in all the major applications in this region.
Key Players in the polyetheretherketone (PEEK) market are Victrex, Solvay S.A, Evonik, Panjin Zhongrun, and Zypeek Jilin.
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