According to a new market report published by Lucintel, the future of the global PEEK market looks promising with opportunities in electronics, oil & gas, aerospace, medical, automotive, and other industries. The global PEEK market is expected to reach an estimated $957 million by 2024 with a CAGR of 5.4% from 2019 to 2024. The major drivers for this market are growing demand for high temperature resistance materials in different end use industries.
Browse 77 market data tables and 95 figures spread through 157 pages and in-depth TOC on “Global Polyetheretherketone (PEEK) Market”
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In this market, different types of PEEK such as electronics, oil & gas, aerospace, medical, automotive, and others are used as end use industry. Lucintel forecasts that electronics will remain the largest end use industry by value and volume due to its wide use in mobile and semiconductor applications. Aerospace is expected to witness the highest growth over the forecast period due to the increasing usage of PEEK in aircraft components such as brackets, fasteners, and others.
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Europe is expected to remain the largest market for PEEK due to the increasing consumption of PEEK in all the major applications in this region. North America is expected to witness the highest growth rate during the forecast period due to the anticipated growth in the aerospace, oil and gas, and electronics industries..
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Emerging trend, which has a direct impact on the dynamics of the PEEK industry, includes development of new applications, such as car gears, dental disc, and knee implants. Victrex, Solvay, Evonik, Panjin Zhongrun, and Zypeek Jilin and others are among the major PEEK manufacturers.
Lucintel, a leading global strategic consulting and market research firm, has analyzed the global PEEK market by end use industry, use, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Polyetheretherketone (PEEK) Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global PEEK market by end use industry, use, and region as follows:
By End Use Industry [Volume (kilotons) and $M shipment analysis from 2013 to 2024]:
- Electronics
– Semiconductor
– Mobile Film
– Others Application
- Oli & gas
– Pipe
– Others Application
- Aerospace
– Brackets
– Fasteners
– Other Applications
- Medical
– Spine
– Arthroscopy
– Other Applications
- Automotive
– Transmission System
– Braking System
– Gears
– Other Application
- Other End Use Industries
By Use [Volume (kilotons) and $M shipment analysis from 2013 to 2024]:
- Unfilled
- Caron Composites
- Glass Composites
By Region [Volume (kilotons) and $M shipment analysis from 2013 to 2024]:
- North America
- Europe
- Asia Pacific
- The Rest of the World
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This 157-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/polyetheretherketone-market.aspx or helpdesk@lucintel.com.
About Lucintel
Lucintel, the premier global management consulting and market research firm, creates winning strategies for growth. It offers market assessments, competitive analysis, opportunity analysis, growth consulting, M&A, and due diligence services to executives and key decision-makers in a variety of industries. For further information, visit www.lucintel.com.
This report answers following 11 key questions:
Q.1 What are some of the most promising, high-growth opportunities for the global PEEK market by end use industry (electronics, oil & gas, aerospace, medical, automotive, and others), usage (unfilled, carbon composites and glass composites), and by 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 Which regions will grow at a faster pace and why?
Q.4 What are the key factors affecting market dynamics? What are the drivers and challenges of the market?
Q.5 What are the business risks and threats to the market?
Q.6 What are the emerging trends in this market and reasons behind them?
Q.7 What are some changing demands of customers in the market?
Q.8 What are the new developments in the market? Which companies are leading these developments?
Q.9 Who are the major players in this market? What strategic initiatives are being implemented by key players for business growth?
Q.10 What are some of the competitive products and processes in this area and how big of a threat do they pose for loss of market share via product substitution?
Q.11 What M&A activity has occurred in the last 5 years?
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