PEEK Dental Implants Market Analysis on Size and Growth Report 2019
Added: (Fri Jul 12 2019)
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Market Overview:
The global PEEK market is expected to be at USD 664.3 million by 2023, at a CAGR of 6.3% from 2018 to 2023. The market is anticipated to witness
growth within the coming years because of the growing demand from electrical & electronics and automotive business around the world coupled with replacement of metals and other conventional materials by PEEK in an exceedingly wide selection of end-user industries. In terms of value, the world market size of the electrical and electronics sector is expected to be USD 170.3 million in 2018 and is estimated to reach USD 235.1 million by 2023, at an increasing CAGR of 6.7% from 2018-2023. Demand from the automotive and aerospace industries is also estimated to grow because of the increased usage of PEEK in induction systems, fuel systems, engine components, brake systems, powertrain, and transmission elements in these industries.
Market Drivers and Restraints:
PEEK is used to produce other interior and exterior components in the automotive and aerospace industries. The foremost valued properties of PEEK are its high heat resistance, lightweight, high dimensional stability, and high chemical resistance. In the aerospace industry, it is mandatory to use materials that are fire resistant and emit less to no smoke or toxic gases in case of fire. PEEK fulfills these significant requirements, leading to its high demand in the aerospace industry. The past decade has witnessed a fast growth within the implementation of strict emission regulations, particularly in the North American and European regions. To attain more considerable fuel potency and meet these strict emission regulations, the automotive business is endlessly in search of materials that can facilitate within the weight reduction of vehicles. Though engineering plastics meet weight reduction needs, magnified compactness in under-the-hood elements needs high heat resistance, which is provided by PEEK. As PEEK meets all these needs, there is a quick increase in its demand within the automotive industry.
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Report segmented as:
By Product:
• Dental Abutment
• Dental Bridges
• Dental Crowns
• Dental Dentures
By End-users:
• Dental Clinics
• Hospitals
• Ambulatory Surgical Centers
Geographical Analysis:
Based on regional presence, global PEEK dental Implant market is segregated into five key regions viz. North America, Latin America, Europe, Asia Pacific, and Middle East & Africa. North America followed by Europe will continue to rule the global PEEK dental implants. Magnified aesthetics demand of patients and a growing number of patients preventing from the incorporation of a metallic material as a dental implant material is estimated to boost the revenues of PEEK dental implants over the forecast period. Moreover, increasing range of dental implant surgery will further push the revenue of PEEK dental implants due to their excellent biocompatibility.
Important Market Players:
The global PEEK market includes a diversified ecosystem of upstream players, as well as raw material suppliers, together with downstream stakeholders,end users, vendors, and government organizations. Companies operating worldwide regarding PEEK Dental Implants Market include Solvay S.A. (Belgium), Victrex plc (U.K.), Evonik Industries A.G. (Germany), and Panjin Zhongrun High-Performance Polymers Co. Ltd., (China), among others.
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The Scope of the report:
This report offers the current product and services market evaluation and the future estimation of the market. It helps us understand the market better through size anticipation and CAGR calculation to estimate the next market. It has a broader segmentation for better understanding of the enterprising of the market at a low level by segregating the market into smaller sectors.
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