Global PEEK Market 2018 Top Companies are Victrex PLC, Solvay S.A., Evonik Industries AG, Saudi Basic Industries Corporation (SABIC), Panjin Zhongrun High Performance Polymers Co. Ltd

Data Bridge Market Research Adds Global PEEK Industry Trends and Forecast to 2024” new report to its research database. The report spread No of Pages: 350 No of Figures: 60 No of Tables: 220 in it. New Players in the market are facing tough competition from established international Players as they struggle with technological innovations, reliability and quality issues. The report will answer questions about the current market developments and the scope of competition, opportunity cost and more.

The Global PEEK Market accounted for USD 470.6 million in 2016 and is projected to grow at a CAGR of 6.8% during the forecast period of 2017 to 2024. The upcoming market report contains data for historic years 2014, 2015, the base year of calculation is 2016 and the forecast period is 2017 to 2024.

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Global PEEK Market By Type (Unfilled, Carbon Filled, Glass Filled); By Application (Electrical & Electronics, Aerospace, Automotive, Oil & Gas, Medical, Others) By Geography (North America, Europe, Asia-Pacific, Europe, South America, Middle East and Africa) – Industry Trends and Forecast to 2024

Major Market Competitors: 

Some of the major players in PEEK market include

Victrex PLC,
Solvay S.A.,
Evonik Industries AG,
Saudi Basic Industries Corporation (SABIC),
Panjin Zhongrun High Performance Polymers Co. Ltd,
Celanese Corporation, Zyex Ltd,
Quadrant Epp Surlon India Ltd,
Prototype & Plastic Mold Co. Inc.,
Jrlon Inc.,
K. Overseas,
Darter Plastics Inc.,
Caledonian Ferguson Timpson Ltd,
Tri-Mack Plastics Manufacturing Corp.,
Schulman AG
many more.

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Market Definition: 

Polyetherether ketone (PEEK) is a semi-crystalline thermoplastic, which is inert and a thermally stable polymer, it has specific properties such as high temperature resistance, hydrolysis resistance, self-lubrication, easy processing, and high mechanical strength. The latest trend in this market is high demand for PEEK in aerospace and automotive industries and demand for PEEK instead of conventional materials. There is growing demand of PEEK for applications such as electrical & electronics, aerospace, automotive, oil & gas, medical, others are the driving for the PEEK market in the forecasted years.

Competitive Analysis: 

The global PEEK market is consolidated due to the presence of a limited number of players concentrated in few countries. These major players have adopted various organic as well as inorganic growth strategies such as mergers & acquisitions, new product launches, expansions, agreements, joint ventures, partnerships, and others to strengthen their position in this market.

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Major Market Drivers:

Increasing demand for PEEK in aerospace and automotive industries
Replacement of conventional materials by PEEK
Rapid growth in emerging economies coupled with improving economic conditions in developed economies
Market Restraint:

High Price as compared to conventional materials
Increasing competition from hybrid polymers and composites
Some of the major countries covered in this report are:-

US.,
Canada,
Germany,
France,
UK.,
Netherlands,
Switzerland,
Turkey,
Russia,
China,
India,
South Korea,
Japan,
Australia,
Singapore,
Saudi Arabia,
South Africa,
Brazil
among others.

In 2017, Asia-Pacific is expected to dominate the market.

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