Polyether Ether Ketone (PEEK) Market Projected to Show Strong Growth by 2026
Added: (Tue Oct 01 2019)
PEEK or polyether ether ketone is a semi-crystalline thermoplastic that possesses excellent chemical and mechanical resistance properties. It provides melting processability in conventional moulding techniques such as, injection moulding, compression moulding and extrusion, due to the presence of ether linkage. Global polyether ether ketone (PEEK) market is expected to rise to an estimated value of USD 1.15 billion by 2026, registering a substantial CAGR in the forecast period of 2019-2026. Top Competitors of Market are Victrex plc, Solvay, Evonik Industries AG, Panjin Zhongrun High Performance Polymers Co. Ltd, Jrlon, Inc., Parkway Products, LLC., Stern Companies, A. Schulman, Inc., Caledonian Industries Ltd., Darter Plastics, J. K. Overseas, Prototype & Plastic Mold Company
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Table of Content-
01: Executive Summary
02: Scope of The Report
03: Market Landscape
04: Market Sizing
05: Market Segmentation by Product
06: Five Forces Analysis
07: Customer Landscape
08: Geographic Landscape
09: Decision Framework
10: Drivers and Challenges
11: Market Trends
12: Vendor Landscape
13: Vendor Analysis
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Market Drivers:
- The improving economic conditions in developed economies is expected to drive the market in the forecast period
- Replacement of metals and other conventional materials by PEEK; this factor will also propel the market growth in near future
- Rising demand for PEEK in aerospace and automotive industries; this factor will also drive the market
- Increased demand for high efficiency and low weight materials will also drive the market
Market Restraints:
- Increasing competition from hybrid polymers and composites; this factor is expected to restrain the market in the forecast period
- High price of PEEK compared to conventional materials, will also restrain the market growth
- Deficient osteogenic properties and the bio-inertness of PEEK; this factor will also restrain the market in near future
Competitive Analysis:
Global polyether ether ketone (PEEK) market is highly fragmented and the major players have used various strategies such as new product launches, expansions, agreements, joint ventures, partnerships, acquisitions, and others to increase their footprints in this market. The report includes market shares of Polyether Ether Ketone (PEEK) market for global, Europe, North America, Asia-Pacific, South America and Middle East & Africa.
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Submitted by:Sopan Gedam