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, 2024-2032

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.

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.   

Segmentation

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.