"Innovative Market Solutions to Help Businesses Make Informed Decisions"

Polyether Ether Ketone Market Size, Share & Industry Analysis, By Type (Glass Filled, Carbon Filled, Unfilled, Others), By End-Use Industry (Electrical & Electronics,Aerospace, Automotive, Oil & Gas, Healthcare, Others) And Regional Forecast 2023-2030

Region : Global | Report ID: FBI105295 | Status : Ongoing

 

KEY INDUSTRY INSIGHTS

PEEK, or polyether ether ketone is a colorless semi-crystalline thermoplastic polymer with excellent mechanical and heat resistance properties. The temperature resistance properties of the product allows it to be used in autoclaves and sterilization equipment with superheated steam or boiling water. The material is also utilized in high-temperature applications where chemical, combustion, and thermal properties are needed. The increasing demand for polyether ether ketone from electronics, automotive, aerospace industries owing to the lightweight characteristics coupled with rising advancement will fuel the market growth during the forecast timeline.


The increasing demand for polyether ether ketone from the healthcare industry will flourish the market growth. Polyether ether ketone is ideal for providing, lesser weight, high mechanical strength, temperature resistance, high electrical integrity, and chemical resistance. These properties make it a preferred choice over metals creating demand for artificial bone and surgical instruments in the healthcare industries. The polymer is also utilized in dental implants, cranioplasty, joint replacements, interbody fusion, cardiac surgery, and soft-tissue repairs. The rapid growth in the healthcare industry and increasing demand for PEEK over metals will drive the market growth.


However, owing to high production cost, the price of polyether ether ketone is high, which restricts its adoption in various applications. Hence, this is anticipated to hamper the market growth.


Key Market Driver -

The increasing demand for polyether ether ketone from healthcare industry to drive the market growth.

Key Market Restraint -

High price of PEEK to hamper the market growth


Market Segmentation:


Based on type, the polyether ether ketone market is segmented into glass filled, carbon filled, unfilled, others. Based on end-use industry, the market is segmented into electrical & electronics, aerospace, automotive, oil & gas, healthcare, and others. From a geographical standpoint, the market is categorized into North America, Europe, Asia Pacific, Latin America, and the Middle East & Africa.  


Key Players Covered:


The key players in the polyether ether ketone market include Victrex plc, Solvay S.A., Evonik Industries AG, Panjin Zhongrun High Performance Polymers Co. Ltd., Celanese Corporation, SABIC, Foster Corporation, Ensinger, PEEK SANWARDHAN FARMER PRODUCER COMPANY LIMITED, and Invibio Ltd.


Key Insights



  • Key Emerging Trends – For Major Countries

  • Key Developments: Mergers, Acquisition, Partnership, etc.

  • Latest Technological Advancement

  • Insights on Regulatory Scenarios

  • Porters Five Forces Analysis


Regional Analysis:


Asia Pacific is anticipated to witness the highest growth in the polyether ether ketone market. The growth is attributed to the rising adoption of the product in the aerospace & defense industry. The high product adoption in the automotive industry will fuel the market growth in Europe, in which UK and Germany are the leading contributors. In North America, the market is estimated to have substantial growth owing to rising product demand in the healthcare industry. The Middle East & Africa is anticipated to witness significant growth, owing to rising product utilization in the electrical & electronics industry. The rising demand for glass-filled and carbon filled PEEK from the oil & gas industry is driving the market in Latin America.   


To gain extensive insights into the market, Request for Customization


Segmentation






















  ATTRIBUTE


  DETAILS

By Type




  • Glass Filled

  • Carbon Filled

  • Unfilled

  • Others



By End-Use Industry




  • Electrical & Electronics

  • Aerospace

  • Automotive

  • Oil & Gas

  • Healthcare

  • Others



By Geography




  • North America (U.S. and Canada)

  • Europe (UK, Germany, France, Italy, Spain, and Rest of Europe)

  • Asia Pacific (Japan, China, India, South Korea, Southeast Asia, and Rest of Asia Pacific)

  • Latin America (Brazil, Mexico, and Rest of Latin America)

  • Middle East & Africa (South Africa, GCC, and Rest of the Middle East & Africa)



Polyether Ether Ketone Industry Developments



  • In March 2021, Evonik Industries launched INFINAM PEEK, a new 3D printable filament based on PEEK (polyether ether ketone). The new ready-to-use polymer filament is ideal for metal replacement in infinite industrial 3D applications and will help the company to extend the product portfolio.

  • In January 2020, Yingkou Xingfu Chemical Company Limited and Victrex Hong Kong Limited entered into a joint venture to build a manufacturing facility of a new PEEK polymer in Liaoning, China. This agreement will help both companies to fulfill the consumer needs.


  • Ongoing
  • 2021
  • 2018-2020

    CHOOSE LICENSE TYPE

  • $4850
    $5850
    $7850

Personalize this Research

  • Granular Research on Specified Regions or Segments
  • Companies Profiled based on User Requirement
  • Broader Insights Pertaining to a Specific Segment or Region
  • Breaking Down Competitive Landscape as per Your Requirement
  • Other Specific Requirement on Customization
Request Customization Banner

Chemicals & Materials Clients

Citibank
GM
Mckinsey
Mobil
BASF

Client Testimonials

“We are happy with the professionalism of your in-house research team as well as the quality of your research reports. Looking forward to work together on similar projects”

- One of the Leading Food Companies in Germany

“We appreciate the teamwork and efficiency for such an exhaustive and comprehensive report. The data offered to us was exactly what we were looking for. Thank you!”

- Intuitive Surgical

“I recommend Fortune Business Insights for their honesty and flexibility. Not only that they were very responsive and dealt with all my questions very quickly but they also responded honestly and flexibly to the detailed requests from us in preparing the research report. We value them as a research company worthy of building long-term relationships.”

- Major Food Company in Japan

“Well done Fortune Business Insights! The report covered all the points and was very detailed. Looking forward to work together in the future”

- Ziering Medical

“It has been a delightful experience working with you guys. Thank you Fortune Business Insights for your efforts and prompt response”

- Major Manufacturer of Precision Machine Parts in India

“I had a great experience working with Fortune Business Insights. The report was very accurate and as per my requirements. Very satisfied with the overall report as it has helped me to build strategies for my business”

- Hewlett-Packard

“This is regarding the recent report I bought from Fortune Business insights. Remarkable job and great efforts by your research team. I would also like to thank the back end team for offering a continuous support and stitching together a report that is so comprehensive and exhaustive”

- Global Management Consulting Firm

“Please pass on our sincere thanks to the whole team at Fortune Business Insights. This is a very good piece of work and will be very helpful to us going forward. We know where we will be getting business intelligence from in the future.”

- UK-based Start-up in the Medical Devices Sector

“Thank you for sending the market report and data. It looks quite comprehensive and the data is exactly what I was looking for. I appreciate the timeliness and responsiveness of you and your team.”

- One of the Largest Companies in the Defence Industry
We use cookies to enhance your experience. By continuing to visit this site you agree to our use of cookies . Privacy.
X