According to a new market report published by Lucintel, the future of the global PEEK market looks promising with opportunities in electronics, oil & gas, aerospace, medical, automotive, and other industries. The global PEEK market is expected to reach an estimated $957 million by 2024 with a CAGR of 5.4% from 2019 to 2024. The major drivers for this market are growing demand for high temperature resistance materials in different end use industries.

Browse 77 market data tables and 95 figures spread through 157 pages and in-depth TOC on “Global Polyetheretherketone (PEEK) Market"

To download report brochure, please go to https://www.lucintel.com/polyetheretherketone-market.aspx and click "report brochure" tab from the menu.

In this market, different types of PEEK such as electronics, oil & gas, aerospace, medical, automotive, and others are used as end use industry. Lucintel forecasts that electronics will remain the largest end use industry by value and volume due to its wide use in mobile and semiconductor applications. Aerospace is expected to witness the highest growth over the forecast period due to the increasing usage of PEEK in aircraft components such as brackets, fasteners, and others.

Europe is expected to remain the largest market for PEEK due to the increasing consumption of PEEK in all the major applications in this region. North America is expected to witness the highest growth rate during the forecast period due to the anticipated growth in the aerospace, oil and gas, and electronics industries..

Emerging trend, which has a direct impact on the dynamics of the PEEK industry, includes development of new applications, such as car gears, dental disc, and knee implants. Victrex, Solvay, Evonik, Panjin Zhongrun, and Zypeek Jilin and others are among the major PEEK manufacturers.

Lucintel, a leading global strategic consulting and market research firm, has analyzed the global PEEK market by end use industry, use, and region and has come up with a comprehensive research report entitled “Growth Opportunities in the Global Polyetheretherketone (PEEK) Market 2019-2024: Trends, Forecast, and Opportunity Analysis.” The Lucintel report serves as a catalyst for growth strategy as it provides a comprehensive data and analysis on trends, key drivers, and directions. The study includes a forecast for the global PEEK market by end use industry, use, and region as follows:

By End Use Industry [Volume (kilotons) and $M shipment analysis from 2013 to 2024]:

Electronics Semiconductor Mobile Film Others Application Oli & gas Pipe Others Application Aerospace Brackets Fasteners Other Applications Medical Spine Arthroscopy Other Applications Automotive Transmission System Braking System Gears Other Application Other End Use Industries
By Use [Volume (kilotons) and $M shipment analysis from 2013 to 2024]:

UnfilledCaron CompositesGlass Composites
By Region [Volume (kilotons) and $M shipment analysis from 2013 to 2024]:

North AmericaEuropeAsia PacificThe Rest of the World
This 157-page research report will enable you to make confident business decisions in this globally competitive marketplace. For a detailed table of contents, contact Lucintel at +1-972-636-5056 or click on this link https://www.lucintel.com/polyetheretherketone-market.aspx or [email protected].

About Lucintel

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