The global polyetheretherketone (PEEK) market is projected to reach $1.1 billion by 2027, at a CAGR of 6.4% during 2021-2027. The growth of polyetheretherketone (PEEK) market is driven by growing demand for light weight, high heat resistance, and high strength materials in different end use.
Some of the Key Questions answered in this exclusive report are:
Q.1 What are some of the most promising, high-growth opportunities for the polyetheretherketone (PEEK) market by end use (electronics, oil & gas, aerospace, medical, automotive, and others), material (unfilled, carbon composites and glass composites), and 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 What are the business risks and threats to the polyetheretherketone (PEEK) market?
Q.4 What are some changing demands of customers in the polyetheretherketone (PEEK) market?
Q.5 What are the new developments in the polyetheretherketone (PEEK) market? Which companies are leading these developments?
Q.6 What strategic initiatives are being implemented by key players for business growth?
Q.7 What are some of the competitive products and processes in this polyetheretherketone (PEEK) area and how big of a threat do they pose for loss of market share via product substitution?
Q.8 What M&A activity has occurred in the last 5 years in this polyetheretherketone (PEEK) market?
Emerging trends, which have a direct impact on the dynamics of the industry, include development of new applications, such as car gears, dental disc, and knee implants.
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Market Segmentation:
Based on material, the polyetheretherketone (PEEK) market is segmented into unfilled, carbon composites and glass composites. The carbon filled PEEK segment accounted for the largest share of the market in 2021 and is expected to register the highest CAGR during the forecast period, due to its wide use in mobile and semiconductor materials.
Europe is expected to remain the largest region over the forecast period due to the increasing consumption of PEEK in all the major applications in this region.
Key Players in the polyetheretherketone (PEEK) market are Victrex, Solvay S.A, Evonik, Panjin Zhongrun, and Zypeek Jilin.
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The report helps stakeholders understand the pulse of the market and provides them with information on key drivers, restraints, challenges, and opportunities for market growth. It would also help to understand the competitors better and gain more insights to improve their position in the business.
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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.
Brandon Fitzgerald
Lucintel
Dallas, Texas, USA
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