The report "PEEK Market by Type (Glass Filled, Carbon Filled, Unfilled), End User (Electrical & Electronics, Aerospace, Automotive, Oil & Gas, Medical), Region (Europe, North America, Asia-Pacific, Middle East, South America, Africa) - Global Forecast to 2021", The global Polyether Ether Ketone (PEEK) market is projected to reach USD 664.3 Million by 2021, at a CAGR of 6.3% from 2016 to 2021.

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The global PEEK market is projected to reach USD 664.3 million by 2021, at a CAGR of 6.3% from 2016 to 2021. The market is expected to witness growth in the coming years owing to the increasing demand from electrical & electronics and automotive industry around the world coupled with replacement of metals and other conventional materials by PEEK in a wide range of end user industries.

In terms of value, the global market size of the electrical and electronics segment is estimated to be USD 170.3 million in 2016 and is projected to reach USD 235.1 million by 2021, at a fastest CAGR of 6.7% from 2016 to 2021. Demand from the aerospace and automotive industries is also projected to rise due to the increased usage of PEEK in fuel systems, induction systems, engine components, powertrain, brake systems, and transmission components in these industries.

During this research study, major players operating in the PEEK market in various regions have been identified, and their offerings, regional presence, and distribution channels have been analyzed through in-depth discussions.

Top-down and bottom-up approaches have been used to determine the overall market size. Sizes of the other individual markets have been estimated using the percentage splits obtained through secondary sources such as Hoovers, Bloomberg BusinessWeek, and Factiva, along with primary respondents. The entire procedure includes the study of the annual and financial reports of the top market players and extensive interviews with industry experts such as CEOs, VPs, directors, and marketing executives for key insights (both qualitative and quantitative) pertaining to the market.

The objectives of this study are
• To define, describe, and forecast the global PEEK market based on end user, type, and region
• To provide detailed information regarding the key factors influencing the growth of the market, such as drivers, restraints, opportunities, and industry-specific challenges
• To strategically analyze micromarkets with respect to individual growth trends, future prospects, and contribution to the entire market
• To analyze the opportunities in the market for stakeholders and draw a competitive landscape for market leaders
• To forecast the market size in terms of volume and value with respect to the main regions (along with countries), namely, Asia-Pacific, North America, Europe, the Middle East, South America, and Africa
• To strategically profile key players and comprehensively analyze their core competencies and market share

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PEEK is used to manufacture various interior and exterior components in the automotive and aerospace industries. The most valued properties of PEEK are its high heat resistance, light weight, high dimensional stability, and high chemical resistance. In the aerospace industry, it is important to use materials that are fire retardant and emit less smoke & toxic gases in case of fire. PEEK fulfils these important requirements, resulting in its high demand in the aerospace industry.
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