According to the recent study the polyetheretherketone (PEEK) market is projected to reach an estimated $1.1 billion by 2027 from $0.8 billion in 2021, at a CAGR of 6.4% from 2021 to 2027. Growth in this market is primarily driven by growing demand for light weight, high heat resistance, and high strength materials in different end use.
Browse 95 figures / charts and 77 tables in this 157 -page report to understand trends, opportunities and forecast in 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).
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“Carbon filled PEEK market is expected to remain the largest segment during the forecast period.”
Based on material, the polyetheretherketone (PEEK) market is segmented into unfilled, carbon composites and glass composites. Lucintel forecasts that the carbon filled PEEK market is expected to remain the largest segment due to its wide use in mobile and semiconductor materials.
“Within the polyetheretherketone (PEEK) market, the electronics segment is expected to remain the largest end use”
Based on end use the electronics segment is expected to witness the highest growth over the forecast period due to its excellent mechanical properties and its growing demand in end use.
“Europe will dominate the polyetheretherketone (PEEK) market in near future”
Europe is expected to remain the largest region over the forecast period due to the increasing consumption of PEEK in all the major materials in this region.
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Major players of polyetheretherketone (PEEK) market are adopting various growth strategies like new product launches, expansions, merger and acquisitions, partnerships, agreements, and collaborations to expand their presence in this market. Victrex, Solvay S.A, Evonik, Panjin Zhongrun, and Zypeek Jilin are among the major polyetheretherketone (PEEK) providers.
This unique 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]