Polyether Ether Ketone Market 2023 | Global Key Player; Solvay, Victrex plc., Evonik Industries AG, Darter Plastics, Inc, Jrlon, Inc., Caledonian Ferguson Timpson Ltd, Zyex, SABIC, Saudi basic Industries Corporation, Celanese Corporation, Quadrant Epp Sur

Market Overview

Polyether ether ketone (PPEK) is a partially crystalline polyaromatic liner thermoplastic with high chemical and mechanical resistance properties. It finds application in various end-use industries such as electronics, medical, automotive, aerospace, and others. It is widely used in the manufacturing of electronic components due to enhanced durability, strong wear, and abrasion resistance properties.

Polyether ether ketone utilization in the electrical industry is rising due to its strong mechanical properties and extreme temperature resistance. Rising demand for miniaturization in the electronic devices is propelling the market growth globally. Growing digitalization coupled with increasing purchasing power among consumers is fuelling the product demand. Initiatives such as the Internet of things (IoT) and automation are major driving factors for polyether ether ketone market. The product demand from healthcare sector is booming as a result of biocompatibility. PEEK is widely used in dental implants in place of titanium metal owing to less stress shielding and similar mechanical properties of PEEK and bone. Solvay S.A., a key player in the PEEK market, introduced two products under the brand name Zeniva ZA- 500L and ZA- 600L for use in implantable devices. Flourishing automotive and aerospace industries across the regions are augmenting the market growth. For instance, in 2016, Victrex PLC introduced new product under the brand name VICTREX AE 250 composites for the aerospace industry to increase the efficiency of aircraft. The company also entered into a joint venture with Tri-Mack plastics in 2017 to accelerate adoption of polyketone composite for the aerospace industry. The steps taken by the company are in tune with the increasing demand for the aircraft worldwide.

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Market Segmentation

The global Polyether Ether Ketone market is segmented into type, applications, and region.

On the basis of the type, the polyether ether ketone market is divided into unfilled, carbon filled, and glass field.

Based on the application, the global polyether ether ketone market is segmented into electrical, medical, automotive, aerospace, marine, and others.

Geographically, the market is divided into five key regions, including Asia Pacific, North America, Europe, Latin America, and the Middle East & Africa.

Regional Analysis

Asia Pacific is leading the global market owing to the growing electrical, automotive, and aerospace industries. Increasing demand for the telecommunications, displays, and other electronic gadgets are driving the market growth in this region. Furthermore, rising mandate for the electric vehicles for reducing the carbon emission in the environment is augmenting the PEEK market growth. Rapidly expanding automotive and aerospace industry due to the economic development of the country is stimulating the product demand further.

North America and Europe are the growing regions in the polyether ether market as a result of the booming aerospace industry due to rising number of air traffic in the developing countries such as India, China, and Thailand coupled with rising purchasing power.

Competitive Analysis

 Solvay
 Victrex plc
 Evonik Industries AG
 Darter Plastics, Inc
 Jrlon, Inc.
 Caledonian Ferguson Timpson Ltd
 Zyex
 SABIC, Saudi basic Industries Corporation
 Celanese Corporation
 Quadrant Epp Surlon India Limited
 Stern Companies

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