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

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.

REQUEST SAMPLE

SPEAK TO ANALYST

Polyether Ether Ketone (PEEK) Market Report

PUBLISHING STATUS: Ongoing
BASE YEAR: 2023
HISTORICAL DATA: 2019-2022

Multi-report Purchase Plan

Chemicals & Materials Clients

Client Testimonials

“We are quite happy with the methodology you outlined. We really appreciate the time your team has spent on this project, and the efforts of your team to answer our questions.”

- One of the largest & renowned medical research centers based in the U.S. on a report on the U.S. NIPT Market.

“Thanks a million. The report looks great!”

- Feedback from a consultant on a report on the U.S. Beef Market.

“Thanks for the excellent report and the insights regarding the lactose market.”

- Brazil based company specializing in production of protein ingredients.

“I liked the report; would it be possible to send me the PPT version as I want to use a few slides in an internal presentation that I am preparing.”

- Global Digital Services Agency on a report on the Global Luxury Goods Market.

“This report is really well done and we really appreciate it! Again, I may have questions as we dig in deeper. Thanks again for some really good work.”

- U.S.-based biotechnology company focussing on treatment of chronic pain.

“Kudos to your team. Thank you very much for your support and agility to answer our questions.”

- Europe-based provider of solutions to automate data centre operations.

“We appreciate you and your team taking out time to share the report and data file with us, and we are grateful for the flexibility provided to modify the document as per request. This does help us in our business decision making. We would be pleased to work with you again, and hope to continue our business relationship long into the future.”

- India-based manufacturer of industrial and specialty intermediates with a strong global presence.

“I want to first congratulate you on the great work done on the Medical Platforms project. Thank you so much for all your efforts.”

- One of the largest cosmetics company in the world.

“Thank you very much. I really appreciate the work your team has done. I feel very comfortable recommending your services to some of the other startups that I’m working with, and will likely establish a good long partnership with you.”

- U.S. based startup operating in the cultivated meat market.

“We received the below report on the U.S. market from you. We were very satisfied with the report.”

- Global hearing aids manufacturer.

“I just finished my first pass-through of the report. Great work! Thank you!”

- U.S. based solar racking solutions provider.

“Thanks again for the great work on our last partnership. We are ramping up a new project to understand the imaging and imaging service and distribution market in the U.S.”

- World’s leading advisory firm.

“We feel positive about the results. Based on the presented results, we will do strategic review of this new information and might commission a detailed study on some of the modules included in the report after end of the year. Overall we are very satisfied and please pass on the praise to the team. Thank you for the co-operation!”

- Germany based machine construction company.

“Thank you very much for the very good report. I have another requirement on cutting tools, paper crafts and decorative items.”

- Japanese manufacturing company of stationery products.

“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

Get in Touch with Us

US +1 833 909 2966 ( Toll Free )

UK +44 808 502 0280 ( Toll Free )
+91 744 740 1245 (APAC)
[email protected]